\u00a0“jurisdictions with a higher unlicensed market share tend to exhibit one or more restrictive regulatory or licensing characteristics.”<\/p><\/blockquote>\n
Taking France as an example, where online casino games a re a state monopoly, 57% of all money gambled is thought to be spent in the black market, which is a huge amount.<\/p>\n
In Norway where restrictions are even tighter, and that number is 66%. Norway has a state monopoly on all online gaming and there are restrictions on stakes, affordability checks, and advertising.<\/p>\n
Clearly, Norwegians aren’t happy with the way the industry is run over there so are taking their business elsewhere. This is no good for them, and no good for Norway.<\/p>\n
The only people winning here are those running black market sites. The crooks.<\/p>\n
“This research is stark about the dangers of the black market, we have to learn lessons from abroad, and make the right choice at this dangerous crossroads. BGC members alone employ nearly 120,000 people and pay \u00a34.5 billion in tax in the UK. The black market, of course, pays no tax and employs no one in our country.”<\/p><\/blockquote>\n
We certainly don’t want to end up like Norway or France.<\/p>\n
What is a Black Market Gambling Site?<\/h2>\n It’s a site that accepts deposits from UK customers without being licensed by the UKGC.<\/p>\n
This means it is unregulated and therefore unlikely to be operating under the same rules as regulated sites, so customers have little if any protection when things go wrong.<\/p>\n
These sites are always based in other countries where the UK has no jurisdiction, so we can’t get them closed down, but we can encourage people away from them by keeping regulated sites accessible, fun, and not too draconian in how they are run.<\/p>\n
A bettor at an unregulated black market bookmaker could, in theory, place a winning bet that the company refuse to pay out. The reason they choose doesn’t really matter, because there is very little consequence for the company in treating UK based punters in this way.<\/p>\n
In short, it’s the Wild West out there.<\/p>\n
People are attracted to them though because they are easier to gain access too, with all of the sensible stuff like ID checks, source of funds, and social responsibility measures done at the company’s discretion.<\/p>\n
This means checks are often not done at all, leaving the customer vulnerable to abuse and mistreatment, and possibly massively out of pocket.<\/p>\n","protected":false},"excerpt":{"rendered":"
There’s a white paper on the gambling industry due out soon, and its’ purpose is to update the 2005 Gambling Act to make it more fit for the modern day industry, as well as to strike a balance between better protecting the vulnerable and over regulating an already tightly governed industry. The Betting and Gaming…<\/p>\n","protected":false},"author":3,"featured_media":3153,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[33],"tags":[97,28,162,52],"acf":[],"yoast_head":"\n
Black Market Gambling Site Use Doubles in the UK - NewBettingSites.co<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n\t \n\t \n\t \n