{"id":2596,"date":"2021-07-30T07:54:46","date_gmt":"2021-07-30T07:54:46","guid":{"rendered":"https:\/\/www.newbettingsites.co\/?page_id=2596"},"modified":"2022-09-13T09:19:41","modified_gmt":"2022-09-13T09:19:41","slug":"gdpr-rules-for-betting-companies","status":"publish","type":"page","link":"https:\/\/www.newbettingsites.co\/articles\/gdpr-rules-for-betting-companies\/","title":{"rendered":"GDPR Rules For Betting Companies"},"content":{"rendered":"

\"gdprThe launch of the General Data Protection Regulation by the European Union was something that made complete sense, yet at the same time ended up driving people mad. Often referred to by its acronym of GDPR, the legislation was put in place in order to protect the personal information of customers of businesses that either operate in the EU or else do so in an EU-facing environment.<\/p>\n

Any company, large or small, holding the data of a European resident has needed to comply with GDPR rules since the 25th of May 2018. Any GDPR failings can be hit with huge fines, which is why companies were so hot on it when it initially came into effect. Whether it be the data of employees working for them or the information of customers, GDPR has affected all companies, including those in the betting industry.<\/p>\n

What Are The GDPR Rules?<\/h2>\n

\"QuestionBefore GDPR rules were introduced, the laws and legislation around the protection of customers was not good. This would often result in companies abusing the personal data of their customers, such as selling it to other businesses or failing to protect it in any meaningful manner. With some claiming that personal information was worth more than oil, the European Union decided it was right to protect it<\/a>.<\/p>\n

Prior to GDPR rules coming about as a concept, it was common for businesses to bundle consent for the use of your data in with something else. You might sign up for a newsletter, for example, and hidden with the terms and conditions of that was permission for the company creating the newsletter to send you irrelevant promotions or to look through your web data to see if there was anything else in there that they found interesting.<\/p>\n

GDPR was brought in in order to stop that sort of thing<\/a> from happening, with companies now required to specifically ask you for consent to use your personal data. Not only that, but they can\u2019t use tricky language to get your consent either, instead having to make sure that everything is clearly laid out and easy to understand. At the heart of the rules lie some even more sensitive data, which is given a greater sense of protection by the laws.<\/p>\n

What Do They Know About Me?<\/h2>\n

\"Verification\"One of the key ways of thinking about GDPR rules is to imagine that what they do is put you back in charge of your own data. Not only do companies have to specifically request if they wish to use your data and explain how they\u2019ll use it, but at any moment you can request a copy of the personal data that a company holds on you. This is thanks to the right of access that is provided as part of the GDPR process.<\/p>\n

As a result of this, you\u2019re able to access the data that companies hold on you and also limit any such access as you see fit. You can also transfer data to another service provider, meaning that you don\u2019t have to go through many of the processes all over again. Instead you can effectively port the information from one provider to another that you believe will more inline with what it is that you\u2019re looking for from a gambling provider.<\/p>\n

The Money Laundering Regulations that were introduced in 2017 brought in the Know Your Customer<\/a> scheme. This was designed to stop underage customers from being able to have an online gambling account, as well as to make it difficult for people to engage in money laundering practices. As a result, it\u2019s common for gambling companies to obtain the following information on their customers:<\/p>\n