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 iGaming offering, they have developed into a global, billion-euro business.
Nowadays, iGaming 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 iGaming 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 iGaming. 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 iGaming.
It is important to note that iGaming laws can vary significantly from country to country, so players and iGaming companies should always inform themselves about their region's specific laws and regulations.