In line with our values and ethics, we are aware that gambling should only remain as a fun pastime. We promote gambling as an enjoyable leisure activity and we do not want our visitors to gamble to generate income. We are certain that most of our visitors treat gambling as recreation. However, we also believe that gambling can turn into an addiction. For this reason, we want to highlight the importance of responsible gambling in this article.
What is Reponsible Gambling?
Responsible gambling requires betting and gambling operators, information providers, and service providers to ensure that their services and information they provide are offered in a responsible manner. Responsible gambling aims to protect vulnerable gamblers and bettors. There are seven areas of responsible gambling, each of which should be respected and carried out by the responsible authorities.
Areas of Responsible Gambling
The first and foremost objective of responsible gambling is protecting vulnerable players. As we have mentioned before, gambling can easily turn into an addiction. In order to reduce the likelihood of this problem, responsible gambling offers a number of solutions. These solutions include self-exclusion programs, support groups, and measures that should be taken by the service providers.
As the name suggests, responsible gambling aims to make sure that every service provider does not allow underage gambling. The laws are strict in this case and can lead to serious sanctions if they are not abided by.
In order to diminish money laundering and any other fraudulent activity, service providers are to implement policies and procedures. The most important of policy is know your customer processes.
Service providers and operators should not disclose any customer data or record. They are strictly required to implement policies to prevent unauthorized disclosure.
In order for gamblers and bettors to deposit, withdraw and transfer money safely, gambling providers and operators are required to ensure safe and reliable online payment methods. Payments must be documented and conducted in a timely and accurate manner.
All service providers and operators need to ensure that their players bet and gamble in a secure online environment where the gaming products are fair and random.
Information and service providers have to comply with the regulatory codes of practice in their marketing activities to ensure that none of the aforementioned areas of responsible gambling are violated. Advertisements should not target underage or vulnerable gamblers. Also, service providers should promote support for gambling addiction or at least not inhibit the display of any advertisement related to this issue.