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The Importance of Playing at Licensed Casino Online casinos are everywhere. A rudimentary search for online casinos in your country will yield myriad results, but which ones should you play at? As a trusted international authority vis-a-vis online casinos, OCR has established a set of benchmarks for playing at online casinos. Foremost among the requirements is full licensing and regulation. You might be wondering why it's so important to play at a fully-licensed online casino. Over the years, criminal syndicates and illegal operators have sought to profit from people's desire to gamble online. One of the easiest ways to guarantee profits is through unlawful means. With no legal frameworks in place, it becomes way too easy for illegal online casinos to exploit their players. For starters, unlicensed online casinos do not adhere to any official rules. They may or may not pay players their due winnings, and there is no assuredness of fair outcomes of online casino games. From a player’s perspective, there are zero guarantees that your personal information, banking information, or online safety are protected at all. If these factors cast doubt on your desire to play at an unlicensed casino, they should. Licensing and regulation are sacrosanct. Imagine being able to purchase a firearm with no background check, drive a vehicle without passing your driver’s license, or operating as a surgeon without going to medical school. While online casino gaming is merely for entertainment purposes, outcomes of casino gaming can change lives for better or for worse. Fully licensed, regulated, and audited online casinos are responsible actors. They care about their company and their players. Operators pay a substantial sum of money for their license and to remain compliant with the authorities. They implement a series of safety protocols, adhere to marketing rules, implement necessary player protections, and offer high-quality customer service. Here are 5 reasons you should never play at an Unlicensed Online Casino: Your safety and security could be at risk Marketing scams, unfair T&Cs, and poor support Unlicensed online casinos rarely put player interests first There is no guarantee that the online casino will pay your winnings Players cannot attest to the fairness, credibility, or reliability of game outcomes These are the main reasons why online casino players should avoid unlicensed online casinos at all times. These operators are often owned by dodgy shell corporations set up on an offshore island, with multiple layers of secrecy hiding the true identity of the owners. This makes it nearly impossible to lodge official complaints against an online casino. To avoid all of these nightmarish scenarios, it is strongly advised to stick to fully licensed, regulated, and audited online casinos. What is an online casino license? Think of Las Vegas, Atlantic City, Monte Carlo, Macau, or Sun City in South Africa – these are all major hotel and casino entertainment destinations. They draw in scores of players every year, and they maintain operations according to a set of rules and a specific code of conduct. Foremost among the shared characteristics of all of these gambling locales are licensing and regulation. Each casino resort is mandated by law to comply with licensing requirements. Failing which, the authorities will shut these operations down. The legal framework within which casinos operate is published by each gambling authority at the local, state, regional, or national level. Depending on the country, there might be a framework for all forms of gambling activity. Alternatively, the rules may be established for a region. Online casinos have been operational since the 1990s in the United Kingdom, and later in other gambling jurisdictions. The widespread liberalization of online gaming legislation is taking place at a steady clip, with many more countries, territories, and jurisdictions now authorizing some or other form of gambling activity. When government intervenes, it becomes official. There are rules, procedures, frameworks, requirements, and mandates in place to ensure that every licensed online casino operates according to the book. There are many licensing authorities today including the following: Isle of Man ADM of Italy ONJN of Romania Antigua and Barbuda Government of Gibraltar Spelinspektionen of Sweden The Government of Curaçao Irish Revenue Commissioners The Malta Gaming Authority (MGA) The Kahnawake Gaming Commission (KGC) The United Kingdom Gambling Commission (UKGC) You might have noticed that there are country-specific gambling licenses, and there are offshore licenses. For example, the UKGC, ADM, ONJN and Spelinspektionen are country specific. They issue online casino licenses to operators in their country only. There are also offshore authorities that offer broad-based licensing to online casinos which operate under a specific license, anywhere in the world. Not every licensing authority is created equal. For example, offshore authorities are often lax when it comes to the requirements of casino operators. That's why it's so much easier to get a license in Antigua and Barbuda, or Curaçao than it is to be licensed by the UKGC, the NJDGE, or Spelinspektionen. This begs the question: Should offshore operators be trusted less? The answer is complex. It is always better for a player to choose a licensed online casino, irrespective of where it is licensed. However, not all licenses are created equal. If possible, always play at an online casino licensed in your country. If that's not possible, choose the most reputable offshore licensing authority. It is incumbent upon players to comply with local gambling laws in respect of licensing and regulation. What is an Auditor? An auditor is a watchdog authority, a third party that validates the fairness, credibility, and transparency of online casinos. Since we are dealing with sophisticated computer software, Random Number Generators (RNGs), and uncertain game outcomes, players must trust the online casino to deliver fair results. Various online casino auditors act in the public's interest. These include eCOGRA Safe & Fair, TST (Technical Systems Testing), and Gaming Labs, among others. Auditors follow a checklist. These include the following: Checking the Random Number Generator (RNG) The RNG is a computer program that randomizes the outcomes of slots, card games, table games, dice games, and instant win games. These have to be fair, random, and unbiased. Game Restarts After Stops/Failures/Pauses All online casinos operate with servers that store valuable information about each player’s playing activity. If the game is interrupted for any reason, it must resume without any unfair advantage to the player. The gaming platform must be approved accordingly. All information about a specific player's betting activity, deposits/withdrawals, and gaming sessions are stored with the online casino. This must be ironclad. Player Protections & Responsible Gaming Advocacy Problem gambling is a real issue. Players may fall victim to reckless gambling if left unchecked. That's why it is important to provide all necessary responsible gaming advocacy resources. This includes Gamblers Anonymous, No Under 18 or 21, etc. Fortunately, players can spot responsible gaming practices by searching the footer of online casinos for badges, certificates, or responsible gaming protocols. Loss limits, deposit limits, self-exclusion, session limits, and other measures can be implemented to guard against problem gambling. The Average Yield of Online Casino Games If you look at any online casino game, it is always associated with a specific RTP. The return to player percentage indicates what percentage of every £, €, US $ et cetera is paid back over the long term. A figure of 95% indicates that $.95 will be paid back on every dollar over at least 1 million game outcomes on average. This has to be tested and verified by the auditor. Safety and Security of the Online Casino The role of auditors is not limited to checking the numbers. It's also important to ensure the integrity of the gaming platform, player information, banking information, and overall site security is protected at all times. Third-party interception of casino servers is common – that's why a full audit is necessary to protect player information. This may also extend to online casino employees, and other third parties involved with the gaming platform. How to Locate the Casino License on The Casino Site? Luckily, almost every online casino that is fully licensed proudly displays its licensing and regulation in a prominent place on the interface. Scroll down to the bottom of the casino's homepage – or any page for that matter – and you should see the badge posted on site. It might be the UKGC, MGA, IRC, Curacao, or KGC et al. But that's not enough. It's important to cross-reference the licensing posted on-site with the specific authority in question. In other words, navigate to the regulator website to ensure that the online casino is indeed fully licensed and regulated by them. They may have had a license in the past, but no longer hold a valid license. Always double-check when you are verifying the authenticity of regulated online casinos. How to Locate A Third Party Auditor? Third-party auditors are instantly recognizable on site. This is usually displayed by way of a badge from the respective authority. Recall that examples of third-party auditors include eCOGRA, TST, and Gaming Labs. As with online casino licensing, players are strongly encouraged to cross-check the validity of the auditor with the online casino. Summary & Conclusion Now you know how important it is for an online casino to be licensed by a reputable authority. Avoid registering, depositing, or playing at unlicensed online casinos. Unregulated online casinos often try to entice players with lots of window dressing. They present you with unbeatable bonuses and promotional offers, an exciting selection of online casino games, and lots of hype. Unfortunately, there are few (if any) player protections in place. You may not receive your winnings, and you may not have any recourse in the event of complaints. More importantly, you have no guarantees that your information will not be sold on the black market, or intercepted by hackers. Untested RNGs work to your detriment. The absence of responsible gaming practices can also be problematic for some players. For all of these reasons, never play at an unlicensed online casino. Online Casino Reports (OCR) is an industry-leading authority that only works with fully licensed online casinos. Our trusted reviews present players with objective assessments of each operator, based on pros and cons. Player safety and security are always priority #1 with us. Every online casino listed on site is tested, verified, and audited accordingly. Disclaimer: This opinion article is your 'Play Safe Guide'. As an online casino player, the integrity of your ID and account is sacrosanct. When you bet online, stick with fully licensed and audited online casinos. Responsible gaming advocacy is a priority – top online casinos comply with minimum legal gambling age requirements (18+ or 21+). Strict security protocols ensure that players are safe while playing online casino games.
Amuletobet Casino brings a Brazilian flavour to the online gaming scene. This sleek and stylish entertainment hub is home to a fashionable selection of live casino games, and an impressive array of slots, video bingo, scratch cards, blackjack, roulette, and jackpot games. Powered by a multi-vendor platform, Amuletobet Casino dazzles the senses. We reviewed this online casino, from top to bottom, and evaluated it against its competitors. As a responsible gaming provider, Amuletobet Casino is 18+ secure, and fully licensed by the Government of Curaçao to offer real-money gambling games to legal-age players. From a gaming perspective, Amuletobet Casino is on the money. Players are privy to entertaining titles from the world's premier providers. The user-interface is clean cut, with oversized game thumbnails and minimal text. This presentation certainly impresses, with quick-click functionality on every play. Once you select a game, you're presented with a summary of the features, RTP, minimum/maximum bets, maximum win, and volatility of each game. On most attractions, with the exception of live casino games, you can play in demo mode – no registration needed. We were really impressed with this option, since many European-based online casinos required a full registration. Amuletobet the brand, is home to a wide range of betting selections including casino, live casino, and sports. We will focus our review on the casino and live casino attractions, including banking options, bonuses and promotional offers, customer support, fairplay, security, and mobile functionality. As you're about to find out, Amuletobet Casino delivers on expectations with engaging games, and plenty of in-game features. To access all of the features and functions on site, you will need to complete your registration. Fortunately, this only takes a few minutes. Enter your email, password, and telephone number, to get started. Once you verify your account, it's off to gaming central. A jet-black backdrop with purple shades and white text makes for a velvety gaming milieu. We've got plenty of subject matter to get through in this review of Amuletobet Casino, so let's begin with a comprehensive review of the casino games and software providers available to players. Games Amuletobet games are divided up into two broad categories: casino games and live casino games. Within each category are many unique attractions. Our in-house card players, and online slots aficionados were thoroughly impressed with the quantity, and quality of games on site. Players are treated to a smorgasbord of immersive titles, including the following: Slots Games – Fruit Party 2, Spicy Meatballs Megaways, Tiki Fruits Totem Frenzy, Neptune's Harem, Raging Bison, Starburst XXXTreme , and Hades River of Souls. Video Bingo Games – Rio Bingo, Keno Pop, Pachinko, Sweet Alchemy Bingo, Viking Runecraft Bingo, Rainforest Magic Bingo, and Golden Lucky Cat. Jackpot Games – Immortal Romance Mega Moolah, Primate King, Vault Cracker, Dragon's Luck, Zeus Lightning Power Reels, Divine Fortune, and Dragon Chase. Roulette Games – American Roulette, European Roulette, Multifire Roulette, French Roulette, Roulette X2, and Lightning Roulette. Blackjack Games – Atlantic City Blackjack, Classic Blackjack, Vegas Downtown Blackjack, Vegas Strip Blackjack, European Blackjack, and Black Jack. Table Games – All Aces Poker, 100 Bit Dice, Baccarat, Casino Hold'em Poker, Jacks or Better, Craps, Dragon Tiger, and No Commission Baccarat. Scratch Cards Games – Cut the Grass, Diamond Rush, Crazy Donuts, Gold Rush, Prince Treasure, Shave the Beard, and Shave The Sheep. Blitz Games – Lady’s Blessing, Berry Burst, Coins of Egypt, Dead or Alive, Dazzle Me, Drive Multiplier May Him, Gonzo's Quest, and Jack and The Beanstalk. Live Casino Games – Dream Catcher, Craps, Gonzo’s Treasure Hunt, Crazy Time, Lightning Roulette, and Immersive Roulette. All online casino games, except for live casino games are governed by random number generators. These RNGs are independently run algorithmic programs which generate unique outcomes for every spin of the slots, every roll of the dice, every roulette result, and every card that is dealt. The RNGs are tested for randomness by independent testing authorities. The software providers for general casino games are varied and include the following: NetEnt, Pragmatic Play, Play ‘N GO, Spinplay Games, PUSH GAMING, Pariplay, MGA, Neko Games, Relax Gaming, Red Tiger Gaming, NoLimit City, Gamomat, Microgaming, Hacksaw Gaming, Stakelogic, iSoftBet, Aurum, Triple Edge Studios, Big Time Gaming, Quickspin, Kalamba Games, and Stormcraft Studios. We were roundly impressed with the features, functions, in-game mechanics, and smoothness of our gaming sessions. FYI: These providers have been voted among the top-ranked iGaming software providers in the world. With live casino games, players can see the dealers and hear the dealers in real-time. For privacy reasons, dealers can’t see players. The games stream direct from authentic studios to player screens on PC, Mac, and mobile, in real time. The live casino games mimic the best of what you expect from an in-person experience at the casino. Thanks to some pretty incredible software from Evolution Gaming, players get to enjoy the creme de la creme of live casino games at Amuletobet Casino. Banking Players at Amuletobet Casino have access to a reputable range of payment options. These include fiat currency, and cryptocurrency too. Consider the following deposit options: InovapayWallet, Pay4Fun, Skrill, NETELLER, major banking institutions, PIX, Boleto, XRP (Ripple), LTC (Litecoin), ETH (Ethereum), and BTC (Bitcoin). The minimum deposit amount is typically R$50 and the maximum ranges between R$10,000 and R$60,000 depending on the payment method that you use. As for withdrawals, you have the following options available: InovapaWallet, Pay4Fun, NETELLER, and Skrill. Other options include PIX, and major bank withdrawal transfers, XRP (Ripple), LTC (Litecoin), ETH (Ethereum), and BTC (Bitcoin). The minimum withdrawal amount is higher at R$200 for all options, and the maximum ranges between R$10,000, and R$60,000. Remember that withdrawals may be subject to wagering terms and conditions. Overall, we're pretty impressed with the combination of digital currency and fiat currency options. All banking transactions are processed smoothly, with maximum security protocols in effect. Mobile Amuletobet Casino features a dedicated mobile casino. You can play casino games and live casino games on the go, knowing that the software delivers powerful gaming quality on all handheld devices. All games are optimised for mobile gaming on Android smartphones and tablets, iPhone and iPad devices too. Simply open your browser, and navigate to Amuletobet Casino to get started. Even if your connection is interrupted by a phone call, or a poor Internet reception, the game will pause at its current state of play, and resume once the distractions have passed. There is no need to download any apps from the Google Play Store, or the App Store to get started. You simply power up your handheld device, navigate to the URL, login to your account, and start playing real money games or demo-play games. VIP & Bonuses Amuletobet Casino is known for its generosity. But to access the bonuses and promotional offers, you will need to complete your online registration first. The inclusion of 3X different welcome bonus offers is certainly refreshing. We don't often see other online casinos providing players with multiple welcome offers, but Amuletobet Casino certainly does. These come in the form of a live casino offer for new players, a sports offer for new players, and a casino offer for new players. While free spins are not provided upon registration and deposit, you may enjoy bonus rounds of play during your slot sessions. It's always a good idea to carefully read the wagering terms and conditions. There are different playthrough requirements for different promotional offers and bonuses. The maximum permitted bet with bonus money is R$25 for casino games. It's worthwhile pointing out that wagering requirements are only lowered once you use your bonus money to wager with. Since different games contribute towards the wagering requirements in a different fashion, the following rules are in place: all slot machine games with the exception of Bloodsuckers contribute 100% towards meeting the playthrough requirements. Blackjack games, including double exposure blackjack, and pontoon, contribute just 10%, while roulette contributes 5%. VIP offers are provided through the loyalty program. The Amuletobet Casino loyalty program contributes a small percentage of every bet towards your Amuleto Cash pot. Some 0.5% of your gaming turnover is converted into Amuleto Cash. This cash is claimable as a cash reward. Players can select their chosen casino games with unique game contribution percentages in the loyalty program. Most slots contribute 100%. A structured VIP and bonuses plan is in place – and players certainly appreciate it. Security & Fairplay Amuletobet Casino like so many other top-tier casinos that we review is 100% safe and secure. You can power up and play your choice of online casino games without a worry in the world. Security is ironclad. According to Amuletobet Casino, there are regular checks of the procedures (managerial, technical, and physical) to verify the safety of personal data. These include monitoring, backups, maintenance of transmission standards, authentication, and auditing. Further, this online casino is SSL secure (Secure Socket Layer) and firewall protected. It is fully licensed and regulated by the Government of Curaçao to offer real money gaming to legal-age players (18+). The moment you sign up, all transmissions between yourself and this online casino are secure. You're always safe, courtesy of the strict rules in place with the Curaçao licensing authority, and the player-centric protocols adopted by Amuletobet Casino. We performed various security tests on Amuletobet Casino, and found it to be on par with the best of them. Two thumbs up! Support Amuletobet Casino provides players with many unique ways to get in touch. Whether you have questions pertaining to technical, registration, gaming, legal, banking (deposits or withdrawals) issues, or cryptocurrency questions, complaints, or feedback, you're in luck. The support representatives are experts in their field. There are professionally trained to deal with players in every conceivable type of situation. For example, the FAQ section is all-encompassing. It covers bonuses, licensing and security, loyalty program, mobile the payments, responsible gaming, and technical issues. Other support options include support chat. This live-support resource requires you to enter your name, email address, and message. Once the information is processed, a support representative will get back to you. We were quite impressed with the quality and experience of the Amuletobet Casino support staff. FAQ What payment methods does Amuletobet Casino accept? Amuletobet Casino accepts InovapayWallet, Pay4Fun, Skrill, NETELLER, major banking institutions, PIX, Boleto, XRP (Ripple), LTC (Litecoin), ETH (Ethereum), and BTC (Bitcoin). Can I play on Amuletobet Casino on my mobile device? Sure! You can simply power up your iPhone, iPad, or Android device and navigate to the Amuletobet Casino URL from your mobile. Is there a welcome bonus at Amuletobet Casino? There certainly is! There are welcome bonus offers for players at the Live Casino, and the standard online casino. Either way, you can get a match deposit offer on your first deposit (T&C apply). Does Amuletobet Casino offer live casino games? Sure! These are all listed under the Live Casino gaming category at the top of the page. The range of live casino games includes Immersive Roulette, Gonzo’s Treasure Hunt, Craps, Dream Catcher, and Lightning Roulette. What can I do if I encounter issues at Amuletobet Casino? Use the FAQ section as your go-to resource. It’s packed with useful information for players. Whether you have technical, gaming, registration, promotional offers or banking questions, you’re in good hands. Plus, there’s also Support Chat functionality to help you.
This month, we had the pleasure of hearing from Andy Huang, the Chief Executive Officer of TaDa Gaming. We learned more about this young but deeply talented and experienced company, its approach to game development, new product innovation, and its plans for global expansion. Q: Please introduce yourself and your role at TaDa Gaming to our readers. A: My name is Andy Huang, and I am the CEO of TaDa Gaming. I lead a dynamic team dedicated to creating online social games for millions of players worldwide. With over two decades of experience in the gaming industry, my expertise spans online gaming, social games, and game development. I am driven by a passion for delivering captivating gaming experiences and pride myself on my strategic vision, innovation, and effective communication. I am always eager to connect with fellow gaming enthusiasts and explore new growth opportunities. Q: 2024 has been a fantastic year for TaDa Gaming’s global expansion with new partnerships in the Netherlands, Italy, Russia, and Brazil. Where can our community expect to see you expand next? A: Over the past months, we have experienced extraordinary growth worldwide. As mentioned, we have expanded into several countries to provide the best gaming experience to a variety of new players. This year, we are entering even more markets. We just went live in Belgium this month, offering our new Dice Slots to the Belgian market. Additionally, we are working diligently to enter new markets such as Sweden, Greece, and Switzerland this year. Q: When it comes to servicing all these markets, how important is local banking, and what role does Bitcoin play in global casino deposits and withdrawals? A: As we expand worldwide to different countries and continents, we understand the importance of connecting with our clients through local banking systems. Building these connections is one of our top priorities this year, which is why we opened an office in Malta. This new location allows our team to work closely with our global client base. Regarding Bitcoin's role in the industry, its importance has indisputably increased recently. We believe that a successful business must continually adapt to new trends in the market, and Bitcoin presents a significant opportunity for many people. Q: Given its establishment in 2019, it is incredible that TaDa Gaming offers over 100 casino games in more than 12 languages. What is the secret to creating world-class games so quickly? A: Although TaDa Gaming is a relatively new venture, our team brings over 30 years of experience, from land-based machines to social casinos. We've gained invaluable insights from our global operations, particularly our strong Asian presence. Our dedicated team is committed to delivering top-notch content to our customers. Eighty percent of our staff is focused on research and development. This dedication to innovation and quality allows us to create world-class games rapidly. We are continually expanding to meet the diverse needs of our audience. Q: Which 3 casino games should our community members play to get a feel for what TaDa Gaming offers its players? A: It isn't easy to choose just three games from our extensive selection, but I would definitely suggest starting with one of our newest releases, 3 Coin Treasure. This game is inspired by the rich ancient Chinese culture and features impressive graphics, including the emblematic dragon, tiger, and fish, along with various valuable coins that add extra excitement for players. Another fascinating game to explore is the Crazy Hunter series, which has performed exceptionally well, especially in the Brazilian market. Its simplicity attracts players immediately and captivates them with rich jackpot opportunities. Lastly, I recommend our classic Fortune Gems. In its latest version, Fortune Gems 3it features a classic, mysterious, ancient theme but with even more surprises and rewards that are sure to captivate the attention of players from every corner of the world. Q: When many companies focus on video slots, TaDa Gaming offers table and card games, bingo, and even crash games. Why did you choose to go broad rather than concentrate on slots? A: As we expand into new jurisdictions, we recognize that players have diverse preferences. Our goal is to go beyond conventional offerings and provide a wide variety of game selections. We want our players to explore different types of content and gaming experiences. For example, numerous websites and customers have celebrated our renowned fishing games as the best in the market. We continually seek to innovate and offer unique experiences, like crash games, which are becoming increasingly popular in many Latin American countries. By diversifying our offerings, we aim to provide players with exciting alternatives and fresh ways to enjoy gaming. Q: Your selection of Fishing Arcade games offers a unique experience. Can you explain what they are and what inspired their creation? A: Our fishing games are truly unique and require more development time than conventional slot games. Their creation involves a rich graphic environment that brings a lot of excitement to our team. It's difficult to pinpoint just one inspiration for these games, but their origins in the Asian market have captivated many players in that region. This success inspired us to confidently expand our fishing games to various regions. They are performing extraordinarily well in the Brazilian market, and we are excited about our upcoming entry into the European market, starting with Italy. Q: Thank you so much for your time. Before we go, are there any new projects or game launches for 2024 that you want to tease? A: Don’t miss the chance to meet our team at upcoming events like iGB, Sigma Budapest, SBC Lisbon, and more! We plan to bring even more excitement to our clients with the latest updates from our game selection. Plus, there will be exciting prizes for those attending these events. We look forward to showcasing our new projects and game launches for 2024. Feel The Magic For Yourself The only way to truly understand how engaging and immersive TaDa Gaming releases can be is to play them. Visit our dedicated TaDa Gaming page and join one of the recommended online casinos to receive a fantastic welcome bonus and experience their games personally.
Latin America is home to millions of punters that mostly speak Spanish and Portuguese. Not only do their dialects and cultures differ greatly, but so do their payment methods. However, there is no shortage of payment method innovation for a market that is in love with online gambling. Payment methods differ greatly from country to country, which is due to regulations that are either federal or region-based. Moreover, there is a large focus on alternative payment methods that utilize everything from cash payment at convenience stores to mobile apps. Cash payments are usually based on vouchers that you pay at various stores, while mobile apps are tied into national banking networks managed by federal banking systems. Regardless of where in Latin America you find yourself, the locals are sure to have incredible payment solutions that align with your needs and wants. Latam Online Payment Giants The banking solutions and payment methods of the largest Latam countries are the basis for all Latin American gambling. A comprehensive breakdown of said banking options based on respective countries includes: Brazil Pix -A revolutionary payment system initiated by the Brazilian Central Bank, Pix allows for instant bank transfers any time of the day without any transaction fees or intermediaries, a feature not commonly found in traditional bank transfers. Banco do Brasil - One of Brazil's oldest and most established banks, Banco do Brasil offers a comprehensive range of payment and transfer services, including the ability to make online purchases and fund online gambling platforms. Pros:Wide range of services.Strong reputation and reliability.Cons:It may involve traditional banking fees.Service availability may vary.Upgrade Options: Integration with newer technologies like blockchain for enhanced security and efficiency.Limitations: Services are primarily available to those with Banco do Brasil accounts. Astropay -A digital payment solution that leverages the Pix system for instant bank account payments, offering a seamless and efficient alternative to traditional payment methods since 2020. Pros:Instant payments.No need for a physical card.Cons:Reliance on the Pix system limits it to Brazil.It may not be accepted by all merchants.Upgrade Options: Expansion of services to include more currencies and countries.Limitations: Primarily focused on the Brazilian market and users of the Pix system. VCreditos - A specialized eWallet for sports betting and casino gambling, VCreditos supports a variety of funding options, including instant banking, wire transfers, and other popular eWallets like Neteller and Skrill. Pros:Tailored for gambling transactions.Wide range of deposit options.Cons:It may be restricted to certain jurisdictions.Fees may vary based on the deposit method.Upgrade Options: Broadening the scope to include non-gambling transactions and services.Limitations: Focus on gambling may limit its use for general eWallet purposes. Boleto Bancário - A widely used payment method in Brazil that allows users without credit cards or bank accounts to make payments at various locations, such as supermarkets and lottery agencies, with lower fees than traditional methods. Pros:Accessible to unbanked individuals.Wide acceptance across Brazil.Cons:Payment processing can take time.Physical presence is required for payment.Upgrade Options: Digital integration to allow for online payments without needing to visit a payment location.Limitations: Primarily used in Brazil and requires physical action for payment completion. Bradesco - A modern online banking solution that facilitates real-time bank transfers with Debito Bradesco, requiring an active account at Bradesco Bank for operation. Pros:Immediate transfers.Secure and backed by a reputable bank.Cons:Limited to Bradesco account holders.Traditional banking fees may apply.Upgrade Options: Integration of more digital banking features and international payment options.Limitations: Exclusive to Bradesco Bank customers. Banco Safra -Offering both online banking and mobile app services, Banco Safra provides a versatile banking experience, including the capability for international transfers, which is beneficial for foreign online casino transactions. Pros:Comprehensive online and mobile banking services.Supports international transfers.Cons:May have higher fees for international services.Limited to Banco Safra customers.Upgrade Options: Expansion of mobile banking features and inclusion of cryptocurrency transactions.Limitations: Services are restricted to Banco Safra's clientele. Itaú Unibanco -This provider simplifies online purchases with its virtual cards, eliminating the need for physical credit cards. Virtual cards can be generated via the Itaú Cartões app and used immediately for online transactions. Pros:Instant generation of virtual cards.Enhances online transaction security.Cons:Limited to Itaú Unibanco customers.It may not be accepted by all merchants.Upgrade Options: Broadening virtual card features to include loyalty and reward programs.Limitations: Exclusive to customers of Itaú Unibanco, with usage dependent on merchants' acceptance of virtual cards. Mexico OXXO - A payment service that allows customers to make payments at OXXO convenience stores, catering mainly to those without credit cards or bank accounts. It stands out for its lower fees compared to traditional payment methods. Pros:Accessible to unbanked individuals.Lower transaction fees.Cons:Limited to Mexico.Payment confirmation can be delayed.Upgrade Options: Integration with digital wallets or online banking services for a more seamless payment experience.Limitations: Only available within OXXO's network of stores. 7-Eleven Wallet -A mobile payment method offered by the 7-Eleven chain, allowing users to make payments through the 7-Eleven app. It supports various funding sources, including cash, credit/debit cards, gift cards, and Apple or Google Pay. Pros:Versatile funding options.Convenient for 7-Eleven customers.Cons:Restricted to where 7-Eleven operates.It may require frequent app updates.Upgrade Options: Expansion of services to include online purchases or bill payments.Limitations: Use is confined to 7-Eleven stores and affiliated services. BBVA : An online payment method offered by the Spanish Bank BBVA, previously known as BBVA Bancomer. It facilitates online payments via cash deposits at BBVA banks in Mexico or through online transfers. Pros:Secure and backed by a reputable bank.Wide acceptance in Mexico.Cons:Requires proximity to a BBVA bank branch for cash payments.It may involve banking fees.Upgrade Options: Integration with more digital banking services and international payment options.Limitations: Primarily available only in Mexico and to BBVA customers. STP - An innovative approach to making payments using QR codes and collection messages. These can be fulfilled using a phone and without any commission for the recipient. A modern payment solution utilizing QR codes and collection messages for transactions, which can be completed using a smartphone without incurring any commission for the recipient. Pros:There are no commission fees.Quick and easy mobile payments.Cons:Limited adoption and recognition.Dependent on internet access.Upgrade Options: Wider adoption across merchants and integration with major payment systems.Limitations: Effectiveness is reliant on smartphone penetration and internet access. Waldos - Another store-based payment method that allows you to make international money transfers. Moreover, it also allows you to make cash pickups at Waldo’s stores. A store-based payment method enabling international money transfers and cash pickups at Waldo’s stores. Pros:Facilitates international transfers.Convenient for cash-based transactions.Cons:Limited to Waldo’s locations.Fees may be higher for international transfers.Upgrade Options: Expansion of services to include more financial transactions and digital payments.Limitations: The service range is confined to the store's locations and operating hours. SPEI -An instant electronic payment system that allows 24/7 payments across various financial institutions via mobile or online banking. Pros:Instantaneous transactions.Wide network of participating banks.Cons:Requires access to online or mobile banking.It may have transfer limits.Upgrade Options: Further integration with international payment systems for broader acceptance.Limitations: Dependent on users having bank accounts and internet access. Visa and Mastercard - Widely accepted credit and debit payment methods require a bank account. They are universally accepted at almost all online merchants, including gambling sites. Pros:Global acceptance.Secure and convenient.Cons:Potential for high fees with certain transactions.Risk of fraud and data theft.Upgrade Options: Enhanced security features like biometric verification and tokenization.Limitations: Dependence on banking institutions and creditworthiness. Colombia PSE - Short for “pago seguro electronico,” it is a bank transfer payment solution supported by dozens of banks across Colombia. It allows you to make direct payments from your bank account without using a credit card. All you have to do is enter your bank's name and log in. Efecty - Effectively an offline cash payment solution that links with online goods purchases. Punters are given an instant voucher with a transaction amount and a payment reference number. Once the payment is completed at a physical location with cash, the online gambling platform credits their account. The same process is used for traditional transfers. Via Baloto - An offline cash payment voucher system that is similar to Efecty. Its incredible levels of privacy and the opportunity to have almost full payment obfuscation are beloved across Colombia. SuRed - A cash payment system that has partnered with convenience stores to offer a system of vouchers that can be paid in cash. It is especially handy for those who do not have a Mastercard or Visa debit/credit card. Visa and Mastercard - While these are incredible for online payments and accepted at practically every online casino, they are not as popular in Colombia as one would expect. Argentina Mastercard Local - One of the most interesting card payment programs in the world, with punters being rewarded for traffic at local businesses. It is especially beneficial to local online Argentine casinos and punters who want to receive some form of reward from their banking operator. Rapipago - A prepaid online payment method that is used for everything from online purchases to bills. The system is based on vouchers that punters can pay with cash at various payment locations and without chargebacks. Pago Fácil - An alternative payment method that focuses on those who do not have card or bank accounts. The premise is simple: you are given a unique barcode on an invoice that can be paid at various Pago Fácil locations. However, there are some restrictions on gambling payments, which might prevent you from using this payment method. Chile Classic credit cards - You can find the conventional array of credit card payment options at your Chilean online gambling venues. These options include Visa, Mastercard, American Express, and Diners Club. WebPay - A common payment gateway provided by Transbank. It allows you to use your Visa, Mastercard, American Express, and Diner Club card with a level of obfuscation that can help conceal your private information. It also allows for installment payments that can make your online adventures more affordable. Mercado Pago - An integral part of the MercadoLibre financial services ecosystem that provides comprehensive online payment processing. You can use it for transfers utilizing your credit/debit cards, bank transfers, Mercado Pago balance, and even cash payments based on authorized payment points. Flow - A common online payment gateway that facilitates online transactions using WebPay, one-click payments, payment links, subscriptions, bank transfers, and cash payments. Its versatility is second to none, and it offers something for every type of punter. PayPal - The synonym for online payments that facilitates international, secure, express, and mobile payments. Anyone can make an account with a valid credit card. Peru Mastercard - One of the world's leading payment solutions that pretty much everyone accepts. However, it requires you to be eligible for a bank account, and it leaves a paper trail. VISA - An extension of your credit card’s purchasing power that facilitates online payments of every kind. Note that your bank may limit your purchasing choices for your VISA card. American Express (AMEX) - Getting your hands on an American Express card in Peru might be tricky, but it is worth it. Plenty of online casinos allow you to use it for both deposits and withdrawals. Pago Efectivo - An elegant payment solution that allows you to check out with a unique code instead of a credit or debit card. It was developed by El Comercio Group and allows you to make cash payments at various physical locations.
Throughout history, there have been watershed moments where new developments and technologies have forever changed how we do things. The first was harnessing fire, then the creation of the wheel, the utilisation of electricity and so on until we invented the internet. There was a point when we looked at these world-changing developments, then considering the impact of the world wide web, wondered if we had peaked as a civilisation. After all, we had all the tech we needed and now a communication and data-sharing medium covering the globe. Then we were introduced to the blockchain, and everything we thought we knew was again challenged. We had mastered international transacting, but it was controlled by the banks. We used 128-bit SSL security online, but data hacks were an ongoing reality. Ownership of unique artworks gave them value, but forgeries still exist. The blockchain presented itself as a new paradigm for all these issues and more. The Blockchain Grabs Headlines As with the rest of the world, the online gambling community first became aware of the blockchain thanks to the incredible rags-to-riches story of Bitcoin. The cryptocurrency was ignored for many years until 2013 when the story of Kristoffer Koch and his $27 Bitcoin windfall made headlines worldwide. On a whim, the Oslo resident had purchased 5,000 BTC for a mere 150 kr ($27 in 2003 but only $13.30 in 2022)! When the story came to light, it rocked the financial and technology sectors as his nominal investment had grown to $890,000 in less than a decade! Little would Koch or other early Bitcoin investors know that his story would cause a bull run on the digital currency that would peak at $68,000 BTC in November 2021! A high point that would value the Swede’s initial purchase at $340 million had he chosen to keep it all. The Blockchain and Online Gambling Beyond the financial component of cryptocurrencies, the blockchain offered the online gambling community many other benefits, including: Near instant deposits and withdrawals Cross-border gambling unhindered by government interference Provably Fair gambling review tools Near perfect online security Even with all these benefits, the one area where online gambling is still facing challenges is in the sharing and ownership of online media. The main reason for this is that the largest social sharing channels are owned and operated by traditional media outlets that do not understand the industry and must comply with local regulations. The Rise of Decentralised Social Media A glaring issue with having content ownership and distribution controlled by mainstream media is the recent banning of online gambling streams by live streaming service Twitch. Rather than address the shortcoming of their age-gating processes, Twitch chose the easy-out and banned content creators from playing slots online, despite these streamers having large and engaged communities. While the blockchain quickly presented itself as a decentralised financial (DeFi) processing solution, a data security hub and even an information transmission portal, it is only now becoming a viable social discourse platform. Ethereum describes DeSo as follows: "Decentralized social networks are blockchain-based platforms that allow users to exchange information as well as publish and distribute content to audiences. Because these applications run on the blockchain, they are capable of being decentralized and resistant to censorship and undue control." According to Ethereum, DeSo networks offer 7 clear benefits: They are censorship-resistant protecting users from bans, being de-platformed or restricted without cause. Content creators have direct control over their content. They also engage directly with their supporters, with nothing but a smart contract in between. They are built on open-source ideals and make source code for applications available for public inspection. This allows content creators and blockchain-based social networks to know how to align their content with interests Decentralised social networks are less susceptible to server downtime and outages as they run on a decentralised backbone that shares its load across a network of servers worldwide. Content creators can easily access monetisation options like non-fungible tokens (NFTs), in-app crypto payments, and more. Decentralised social networks afford users a high level of privacy and anonymity thanks to account creation not requiring your name, email address and other real-world identifiers. These social networks rely on decentralised storage on the blockchain, which offers a far more secure environment. An additional benefit of this focus on socially focused blockchain tools is that they naturally lend themselves to other content-sharing options such as free email accounts, blog hosting and development, podcasting and more. DeSo and Online Gambling Are a Perfect Match Despite widespread licensing and regulation, online gambling is still not afforded the same privileges as many other industries. This often leads to censorship, limitations on how and when players can gamble, and even the loss of winnings. Hosting gambling live streams, podcasts, and blogs on DeSo platforms will ensure that casino fans and content creators can engage with one another and participate in their favourite hobby without the fear of being shut down because the platform fears losing mainstream ad revenue. Both users and creators of decentralised social media platforms can increase their cryptocurrency holdings without buying them or mining them. For example, the popular crypto social network Minds rewards its users with ERC-20 tokens for “creating popular content, referring friends or providing liquidity”. Not only do DeSo platforms protect freedom of speech through anonymity and security, but it offers an internal ad revenue ecosystem that is self-sustaining. Best of all, you can use the cryptocurrency you earn from engaging online to play at your favourite Bitcoin casino. A circle-of-life use case that would make Satoshi proud.
A new year has arisen, allowing us to reminisce about 2022 and look back at what we have learned, what we were given, and how we can improve. Some iGaming enthusiasts won big in 2022, some game providers were granted their gambling license, and some countries updated their iGaming laws to improve how online casinos are welcomed. It was a good year. Impressive 2022 Big Wins Cleopatra: The Queen of Big Wins At BetMGM Online Casino, a player won big when playing MegaJackpots Cleopatra, an Egyptian-themed slot based on the popular land-based casino game, both of which are developed by IGT. In 2022 BetMGM more than $95 million was paid out to jackpot wins across the United States and Ontario. Stunning Double WowPot Wins Games Global announced the payouts of €10,913,481 and the follow-up prize reaching €4,913,495. WowPot! is a top choice for any iGaming enthusiast, and since its launch in 2020, the progressive network has paid 2,596,394 players jackpots. Merry Christmas from IGT A player in Canada won a whopping $2,143,114.10, becoming an instant millionaire thanks to IGT! This big jackpot was a POWERBUCK$ record win in 2022 and paid out on the 15th of December 2022. It is the second-largest ever Powerbucks jackpot. Most Innovative Gambling Feature Stakelogic has a new innovative live progressive jackpot game show feature, which is worth a spin or two when it triggers a live casino event WITH a professional host! This live casino feature cranks the progressive jackpot experience up a solid 100 and provides players with the experience of being a contestant on a live game show. The spin-to-win feature triggers every few minutes at random, and when it does, the live host spins the Jackpot Wheels; the player is rewarded instantly if it lands a cash prize. When landing on "Jackpot", the wheel spins again and can trigger a Mini, Major, and Grand jackpot prize. Players can win up to $500,000! Who wouldn't want to try a Spin-to-Win? Trending Online Casino Games Crash X by Turbo Games This game is new to the industry and was released in August 2022. The theme for the game is Qatar World Cup 2022, giving soccer fans and iGaming enthusiasts a game to remind them of the unforgettable soccer world cup of 2022. Crash X is a unique casino game with many online slot features. Instead of spinning reels, a spaceship shoots into the stratosphere, increasing its win multiplier as it ascends. To win, a player must jump out of the spacecraft before it crashes! Are you ready to Crash X? Vinnie Jones Stories Roulette A classic roulette with a twist; Vinnie Jones does a celebrity tell-all while you wait for the ball to land on the winning numbers. Players are entertained with a never-before-seen 'interview' with the legendary Vinnie Jones! During each round, the world-famous English 'tough guy' answers a different fan question while his co-host spins the wheel. This engaging iGaming experience is unique to fans and players. Players can get a front-row seat into Vinnie's life story with as little as $0.25 and bet up to $1,000 at a time. This incredible fan opportunity comes with a winning potential of up to $64,500 and includes exceptional features like racetrack bets, special bets, and autoplay. So where can I buy tickets for the show? Drops of Water tied to Charity This game is the first to provide access to clean drinking water to several communities in need of safe drinking water. When a wager is placed on the water-inspired slot game, a donation is added from Amusnet to help fund water and sanitation projects across Africa and India. Utilising a new video slot initiative - Drops of Water - this African-themed online game was launched with the help of a charity: Water, a global non-profit organisation. Drops of Water offer players a unique iGaming experience, and apart from making a difference through Amusnet's donations, punters also have the chance to win exciting rewards! So who is ready to take a trip to the African Safari? Crypto and NFTs in Gambling Aviatrix Looks to the Future Another exciting and innovative gaming experience is becoming more popular: the partnership of these virtual assets and gambling. The Business Development Manager for Aviatrix, Mikalai Pobal, combined NFTs with crash games; these games involve riding a wave of growth before the inevitable crash, and the trick is to get out before the crash. Aviatrix defines itself as an "NFT-based B2B iGaming Solution", offering games that incentivise both players and brands. The NFTs allow players to customise the appearance of their planes; upgrading them will increase their value but will not affect gameplay; however, Pobal says performance enhancements are in the plans for the near future. Fasttoken Becomes an iGaming Favourite. The new kid on the block has become every crypto-supporting iGaming platform's new best friend. Fasttoken (FTT) prides itself in its unmatched level of security, incredible processing speeds, the ability to transact across borders and receive funds instantly, decentralised safety when fiat is in crisis, the ability to provide provably fair gambling checks, and lastly, the potential for high-value holding returns. One of the reasons Fasttoken has been accepted with open arms is that it is the brainchild of a well-established global gambling company, BetConstruct. FTT was established in 2003 as SoftConstruct. The software provider created its blockchain and cryptocurrency division, Fasttoken, in 2018, along with its global payment portal, Fastshift. Lucky Block is Growing at Record Rates Lucky Block is a decentralised gaming system whose crypto asset has increased by over 6,000% since launching in January 2022. Lucky news: they have released a much-anticipated NFT series too! Just 10,000 Lucky Block NFTs will ever exist. The iGaming platform launched in early 2022. Lucky Block games are backed with smart contracts and can be accessed worldwide without jurisdictional restrictions. Due to the limited number of NFTs, the Lucky Block NFT value is predicted to increase over time. Of the NFTs that have been minted, 25 are defined as rare collectibles. You will know if you have bought a rare NFT only once you've completed your purchase. Significant Gambling Regulation Moments Finland The Finnish Parliament approved Finnish Gambling law reform at the end of 2021, with changes implemented on the 1st of January 2022 and the rest on the 1st of January 2023. The new law aims to strengthen the position of the government-owned betting agency Veikkaus and to reduce the possible harm caused by gambling. Most of the changes in gambling laws are related to marketing. If the National Police Board determines that an iGaming company infringes the marketing prohibitions specified in the Lotteries Act, it will be placed on a blacklist. If a company is on a blacklist, it will be subject to payment blocking. Dubai Gambling is illegal in the seven UAE, with Dubai senior tourism official Issam Kazim stating that legalising gambling is not an option for the near future. A new Wynn resort is due to open and requested a gaming license; however, they are yet to announce what that license will include. The UAE has some exceptions regarding gambling, including horserace betting and iGaming, as they have no jurisdiction regarding what UAE residents do on the internet. Malta The MGA approved BetConstruct, allowing them to accept player deposits using cryptocurrencies. Earlier this year, BetConstruct announced the launch of Fasttoken, where over 70 iGaming content developers agreed to include FTT as a supported cryptocurrency. Qualifying for a license is a challenging task. The MGA assesses all information on the client regarding the finance and management of their business. MGA conducts investigations with international regulatory bodies and law enforcement agencies. The backgrounds of shareholders and key persons are investigated and verified. This is why it's one of the industry's most widely-recognised licences 2022’s Most Impactful Gambling Trend The FIFA World Cup happens every four years, and when it does, the world pulls out the red carpet and branded items found in every store. It is officially recognised as the most significant sporting event in the world, with industry experts predicting that viewership will reach an all-time high of 5 During the FIFA World Cup, many casino game developers used the global event as a reason to flex their creative muscles. The soccer theme saw a rush of new game releases in 2022, covering online slots, table games, dice games, and even Crash games. We can't wait to see what notable releases lay in store for us in 2026!
Crypto holds immense potential for secure, anonymous, fast, and efficient transactions. However, the anonymity aspect makes it a breeding ground for scammers and immoral individuals seeking to make a quick buck. The biggest crypto scam to date was BitConnect in 2018, which stole $2.4 billion from US investors alone. It was a textbook Ponzi scheme that simply distributed money from later investors to earlier investors. While the forces of justice routinely crack down on these types of schemes, there are some that slip through the cracks. It is these scams that pray on you while you are buying, transferring, and withdrawing crypto. Join us and learn how you can protect yourself from them today! Why Is Crypto a Scammer’s First Choice? Scammers love crypto because it is anonymous, but it goes deeper than that. Cryptocurrencies are completely decentralized, which means that there is no one legal entity responsible for maintaining order. While crypto wallets have unique IDs and can have their transactions traced perfectly, finding out who is behind certain wallets can be next to impossible. This is especially true if a scammer uses a fake ID or a stolen identity to create them. Smart scammers use non-custodial crypto wallets, which do not require KYC (know your customer) verification, while less clever ones opt for custodial wallets, which require KYC verification in the form of an ID or utility bill. Spotting Fake Gambling Sites Making a website that is a copy of an existing website is far easier than you might think. If you click F12 on your keyboard and navigate to the Elements section, you will find the entire visual representation of any given site. While some sites hide certain elements and fetch others using dynamic code, you can still easily get the skeleton of a website. This skeleton can then easily be filled in by a programmer with mediocre skill and adjusted for scam purposes. It is this method that scammers use to create 1 to 1 copies of reputable gambling sites and play out one of two scams: Deposit traps - You are prompted to make a deposit with your crypto, which you are obliged to do since you want to play. The site takes your crypto and delivers nothing in return. Alternative versions request another transaction as a "processing fee", which again simply disappears. Withholding withdrawals - Sometimes scammers go the extra mile and add visual representations of your money being deposited, but you are simply left without access to casino games. When you try to withdraw, you are simply met with fake errors or a straight-up block from the site. Spotting these types of sites can be trickier than you might think, but a few good pointers include: No license - A site without a valid license or regulatory oversight from a recognized authority is likely to be shady. Too good to be true - If a bonus or promotion is too good to be true, simply bypass the site. Lack of transparency - If the site is not mentioning anything about its company, base of operations, or contact information, leave immediately. By far, the best way to protect yourself from such scams is to use links from reputable review sites such as this one. Remember that all of our recommended online gaming venues have been vetted and reviewed by our industry experts. Crypto Wallet Scams Scams involving crypto wallets have to be a tad more innovative than other malicious activities. They can take various forms, including fake wallet apps, phishing attacks, and compromised wallets, which we will break into now: Fake wallet apps - Some scammers develop malicious crypto wallet apps that steal private keys or seed phrases. Phishing - A fake website or an email imitating a legitimate site can trick users into sharing their private keys or seed phrases Compromised hardware wallets - Some hardware wallets have pre-installed malware or pre-generated private keys, which can give scammers access to your funds without your approval. Impersonation - It is not unheard of for scammers to impersonate wallet support or community members, especially community managers, in order to extract sensitive information. The best way to avoid these scams is to simply use the most reputable services around. While avoiding email scams is a bit difficult, we will teach you exactly how to do it in the next section. Spotting Crypto Email Scams We all receive dozens of emails per day from various coworkers, clients, and websites to which we have subscribed. While using multiple emails for different aspects of your online life, such as one for work, one for friends, and one for website registration, can mitigate a lot of risks, there is no way to avoid email scams completely. The reason behind this is a network of hackers that create security breaches in databases. These breaches allow them to steal personal information, especially emails, which can then be sold on the dark web. The buyers of these stolen emails then run enormous email scams with hundreds of thousands of email recipients. The most common crypto email scams are: Phishing emails - A scammer will impersonate a trusted entity to gain trust. They will then extract sensitive information and steal crypto wallets. Urgent requests - You will receive an email stating that your password has been stolen or that your account needs immediate verification to still function. The link that you follow will lead to a shady site but you will be too anxious to notice. Investment scams - These are your typical “Nigerian prince” scams that offer you enormous returns for comparably tiny investments. All of them are also time-limited to induce a sense of urgency. Blackmail scams - You will receive an email stating that you were filmed doing something that you should not have. The sender will then threaten to send the content to your family and friends unless you send them crypto. Spotting these email scams is, thankfully, relatively straightforward, with the best solutions including: Checking the full email address since most scammers use nonsense emails that are just a string of random letters and numbers. Misspelled domain names that are different from the domain name that should be contacting you. Generic greetings such as “Dear Customer” instead of your pseudonym. Urgent or threatening language that borders on demands and extortion. A lack of verifiable information or reviews regarding an investment opportunity. Protecting Yourself and Your Loved Ones from Crypto Scams Using cryptocurrencies for online transactions, including online casino crypto deposits, can be one of the best decisions ever. The speed, the anonymity, the low fees, and the ease of use are second to none. However, you need to know which signs of scamming to look for. This article has given you a general overview of the current situation, but the best protection is prevention. Only follow trusted links, such as those on our site. Only enter emails into verified websites. Only read emails from verifiable domains and senders. And most importantly, you should only do something because you want to, not because somebody is telling you to.
It doesn't take a gambling expert to know that addiction is the leading problem for the industry—and it doesn't take a genius to know that people who do not gamble quietly tend to stigmatize it as addictive. Global Gambling Age With a global population of 7.8 billion Statista reports from 2020 that 74% of the world is over 16, an age which an individually can reasonably be assumed achieve the ability to access gambling play, online or off, including at unlicensed sites with no age limits. 74% pf 7.8 billion is roughly 6 billion, meaning that some 4 billion people of adult age choose not to gamble. The remainder comprises a huge market. Percentage of Global Gamblers Last October of 2020, UK Footie confirmed that some 1.6 billion people gamble throughout the year, and 2 billion of the entire world population gambled at some point in their lives. A 1.6 billion-2 billion market is nothing to sneeze at, so the operators are going to compete for those dollars as vehemently as they are permitted to. The Operator-Regulator Flashpoint As the iGaming industry expands online casino and sports betting options, a tug-of-war has emerged between zealous operators and regulatory agencies who try to rein in the aggressive marketing competition amongst operators. Fraction of Gamblers Addicted Of the target market operators are vying for, only a small percentage of those players actually display signs of problem gambling, which plays out in the form of statistics such as one UK operator last year taking 83% if its deposits from 2% of its customers. Targeting Overplay to Overpay The concern for regulators as indicated by the Guardian article from which this data was provided to launch 2020 is that the gambling industry is relying too heavily on revenues from addicted players—in a country where punting is considered a national past-time. Crackdowns to Protect the Vulnerable Increasingly stringent measures which we have seen introduced by regulatory authorities both within the UK and without include hard curbs on advertising displays and limits on hours in which gambling adverts may be broadcast on television or radio. Key Play Limits However, the most controversial measure imposed by leading jurisdictions such as the UK to protect players is the wager limits. Dueling Priorities Operators and their trade groups are of course invariably tending towards flooring the gas when it comes to collecting revenues—with wager limits placing ceilings on how much an individual customer can contribute to the traditionally surging coffers of gambling operators. The Wager Limit as Solution At this point, in light of stigmas from outsiders and highly publicized problem gambling issues visible to stakeholders, wagering limits to protect gamblers appear the most effective means of maintaining a cohesive standard of credibility for iGaming as it continues to expand and regulate worldwide. Focus Shift for 2021 While operators may quibble with getting “cut off” from willing spenders, they may just need to realign their focus to sustain or increase their revenue goals while adhering to player protection guidelines. Establishing the Ability to "walk away" When players are aware in advance of their play limits, the credibility of iGaming can be maintained or even enhanced by promoting more responsible decisions about iGaming, and more strategic thinking by players going in—with those limits based on limits percentage of income levels. Wider Marketing not Harder Operators should focus more on “horizontal” forms of expansion, and adapt marketing to wider audiences with less aggressive messages and less aggressive forms of marketing. The world has proven it can play without getting addicted. If operators do not overmarket or overrely on those who display signs of problem gambling, gambling as an activity and an industry can become safer, more respected, and more accepted. Targeting the “Right” Players When the recreational benefits are delivered in an increasingly safe fashion, the full social benefits of regulating iGaming be realized. Adapted marketing by compliant operators can not only help but reach more players who are able manage their own compulsive behavior better. Avoiding the Vulnerable Few Operators can become more complaint by easing off the targeting of players in the population minorities who possess the clinical characteristics that cause problem gambling in the first place. Aggressive marketing antagonizes the vulnerable individual by seeking to clean him out, and this is the practice that UK regulators and others are concerned about, Leisure not Risk To expand safely, and respect guidelines, operators need to return to the core principles of gambling as a recreational activity. Risking money is supposed to be sporting, not damning. It's light recreation, meant for relaxation, not maximum risk stimulation. Note to Operators In 2021's regulatory environment discouraging over-reliance on big spenders and high rollers too much: take $1000 from 10 people instead of 1 to increase revenues. Focus on the recreational component of play to offset the addictive component. Transforming Perceptions to Maximize Revenues When the world perceives of safe practice that protect players and do not conjure up the stigma of addiction, then iGaming will have the best chance of expanding, and operators will have the best chance of tapping new markets—which is the ultimate form of revenue growth. Outlook Effective wager and play limits are the best way to empower new and veteran players alike to manage their play proactively. The marketing practice of targeting less compulsive demographics supports operators and regulators to focus more on social reinvestment of the increasing revenues to be gained from safely expanding markets.
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