New Rules Changing the Gambling Industry
If you have been enjoying the latest online casino or poker bonus, you are likely wondering how the new regulations will affect you. The good news is that most of the changes are procedural and are fairly simple to implement. While the CMA has requested that gaming operators make these changes by March 2018, some may require some IT system changes. Nevertheless, these changes will certainly make it more competitive and will make the industry much more secure for everyone.
The Swedish government is considering tightening advertising rules to prevent money laundering. The gambling industry trade association claims the restrictions are overbearing and hurting the industry. In fact, several jurisdictions in Europe are working on consumer protection measures. As of now, advertising on television and radio is only allowed between the hours of 1 am and 5 am, while gambling on social media is allowed only if the person who is buying the tickets has reached legal age. YouTube and other video platforms are exempt from the new rules.
The committee for advertising practice has also issued new guidelines for the gambling industry. The regulations will prohibit advertising that appeals to children, teenagers, and vulnerable adults. For instance, ads cannot depict top-level footballers as gambling stars. The new guidelines will also prohibit operators from placing ads on websites that cater to children and young people. These rules will take effect from October 1, 2022, just in time for the Qatar World Cup. However, there are still some areas that have to be addressed before the new regulations take effect.
Among the most important changes made by the European Commission is the introduction of stricter regulations for players. These new rules aim to protect vulnerable players, prevent underage gambling, and combat problem gambling. In addition to the new regulations, operators will be required to test all slot games and ban those that do not meet the standard. This will make online casinos less intense and safer, and give players more control over their gambling. This is good news for everyone.
German regulators have also been working to craft new laws to regulate online gambling. In March 2020, they will approve the new Interstate Treaty on Gambling, which will go into effect July 1, 2021. This new law will help the online casino industry grow and evolve. In Germany, the new rules will help the industry grow as well as expand it. If the new regulations do get approved, there will be more competition for online gambling in the country.
The new legislation also puts restrictions on the use of popular celebrity figures in gambling advertising. For example, gambling ads can no longer use the names of sports stars or other popular reality shows. Similarly, the use of popular characters from reality TV shows such as Love Island will not be allowed. In addition, it is illegal to use pictures of children in advertisements. Therefore, the ads must be free from these references. These rules will help to make online gambling more accessible to everyone.