The Role of Regulation in Gambling
Different chat forums like Reddit and Nairaland are full of complaints by many players about how they were scammed by a gaming platform. With the rise of online gambling platforms, we have also seen a rise in false advertising, incomplete withdrawals, and non-refundable deposits. If only there were a regulatory body to ensure that betting platforms were held accountable. Right? I have got news for you. It may interest you to know that numerous regulatory bodies in different jurisdictions were created to ensure that users don't get the short end of the stick. What are these regulatory bodies, and what is the scope of their influence? In this piece, I highlight all the nitty-gritty of regulation in gambling. Read on to get all the details. What is Gambling Regulation? According to Chapter 3: Gambling Regulation , "to the extent that governments assume a general responsibility to shield their populations from fraud, regulation is the most effective means of ensuring that such leg...