In a significant move to curb online gambling abuses, regulators have introduced new regulations aimed at increasing transparency and protecting consumers.
The new rules, which will take effect next month, require online gambling operators to implement more stringent identity verification processes, enhance responsible gambling measures, and provide clearer information about odds and payouts.
The changes come in response to growing concerns about the rapid expansion of online gambling platforms and their potential for fostering gambling addiction.
Under the new regulations, operators must now ensure that their websites include prominent links to support services and self-exclusion tools, and they will be subject to regular audits to ensure compliance.
Consumer protection groups have welcomed the new regulations, stating that they represent a crucial step towards creating a safer gambling environment.
“These regulations will help to ensure that gambling remains a form of entertainment rather than a source of harm,” said Emily Thompson, a spokesperson for the National Gambling Helpline. “By increasing transparency and support, we can mitigate some of the risks associated with online gambling.”
