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UK's Next Move toward International Regulation?

Many countries around the globe are quickly acting to both embrace and regulate the online casino gambling industry as it expands exponentially. Once the United States imposed nationwide regulations that targeted financial centers, many online casinos that were content to operate sites targeted at U.S. players are quickly moving into foreign markets. The UK is one nation that has already begun to regulate the industry and harness sites.

Last November the United Kingdom announced that it planned to pursue international regulations pertaining to online casinos… but so far it doesn’t look like the UK’s initiative has any firm support and following. The UK’s support for regulation of the online casinos stems from the large amount of fraud and corruption that the industry can easily foster because the internet seamlessly crosses international borders.

For that reason, international legalization, regulations and restrictions would provide a certain level of protection to online casinos players that is currently nonexistent in the industry. Considering that the prospect of international online casino regulations are still a long-way off though, the UK has already passed legislation that will take effect later this year.