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What regulates online gambling?

Updated: 9/28/2023
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Wiki User

11y ago

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Online casinos are regulated by the jurisdiction they are licensed in. Most online casinos are subject to random audits and tests just as a land based casino would be. Some of your more popular online casinos can be found listed on stock exchanges around the globe, such as the London Stock Exchange. As publicly traded companies you can be sure they are held to the highest standard of regulation.

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Wiki User

11y ago
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Wiki User

10y ago

For the gambler there is no benefit to banning online gambling, but for the government and brick-and-mortar sportsbooks, there is.

In other words, banning online gambling is not due to the best interest of the general population, but of those who profit from gambling in national territory.

A common excuse given by them is money laundering, but that's just a cover for their true motives; if they were that worried about such an issue, there are many other places they should start with, like several non-profit organizations which claim to be raising funds to make donations to some cause and end up giving less than 10% of the millions (or billions) of dolars recieved.

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