A Boom Inevitably Leads to Regulation
Virtual poker, bitcoin roulette, virtual arcade games, online casinos and sports bets are extremely popular. As well as becoming an accepted and in-demand gambling offering, they have developed into a global, billion-euro business.
Nowadays, gambling is subject to legal restrictions in most countries. Germany, for example, introduced the State Treaty on Gambling in mid-2021 – with the aim of re-regulating gambling and making it a safe space for players. The Gambling Act (BGS) and associated regulations have been in force in Switzerland since 2019 while Austria issues licenses for online gambling. The UK Gambling Commission regulates all digital gambling establishments in the country.
The reason for this re-regulation is the boom that has developed in recent years around previously unregulated online gambling.
It is important to note that gambling laws can vary significantly from country to country, so players and gambling companies should always inform themselves about their region's specific laws and regulations.