Online Regulation

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There are countless websites, offering unlimited gaming opportunities to players. According to statistics, there are more than 1 million gaming sites worldwide, which contribute billions of dollars to the gaming industry every year. Of these sites, some operate illegally, without a license or any form of regulation from the appropriate authorities. In fact, statistics indicate that the majority of websites offering games to play online are not licensed or regulated by anybody. Experts warn players against participating at such websites. It is a good idea to ensure that your website is licensed and regulated before you beginning gaming at that site. Online Licensed and Regulated Gaming Sites--what Does it Mean? Gaming sites primarily offer games to players who want to play video games online. These websites usually have a wide selection of games from which players can select …show more content…

The amount you will need to deposit in order to play a particular game depends on the particular gaming site you choose. But everything that involves money also involves a lot of risks. Some gaming sites are scams. If you deposit your hard-earned cash on a scam site, purporting to offer games with cash rewards, trust me, you are going to play at that site and win, but you are not going to receive the cash that you have earned. Here is where the issue of licensing and regulation comes in. Scam gaming sites are not licensed or regulated by any authority. Consequently, they can deceive you and steal your hard-earned cash without minding about any consequences. On the contrary, a licensed and regulated gaming site will not deceive and con you for fear of getting its license revoked and the site banned by the regulator. That is the primary difference between a licensed, regulated gaming site and an unlicensed, unregulated gaming

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