The company will now allow stock traders and crypto players to protect themselves by opting into voluntary exclusion lists and protect consumers.
The company is one of the first to address what is generally considered as offshore market, but its timeliness couldn't be better.
Consumer protection measures are being reviewed in multiple jurisdictions around the world where gambling is popular.
New laws have been passed in Spain and Germany, and now, the United Kingdom is considering a review of the 2005 Gambling Act.
None of these changes really address crypto and trading, which are generally considered “grey areas.” Here is what Gamban business intelligence officer James Forman had to say:
“Gamban not only blocks all types of online gambling, including black market products and crypto but also trading websites.”
Forman is confident that his organisation can move in quickly on markets that are traditionally not policed by regulators.
In his words, the company can furnish solutions in contested markets where the government is not quite decided, such as esports and skins gambling, for example.
Yet, it may be argued that gaming portals such as Bitcasino, 1xBit, and FortuneJack already self-regulate well enough and carry out with comprehensive KYC and AML checks, whether those are mandated by law or not.
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