What is the ‘Gambling Commission’?
The Gambling Commission is the regulatory body for commercial gambling in Great Britain. The commission partners with British gambling license providers in the regulation of the industry and regulates both online and offline gambling. It also provides the licenses for online gambling. The commission also regulates the National Lottery under the National Lottery Act of 1993. The Gambling Commission is a Non-Departmental Public Regulatory Body that is self-funded but sponsored by the Department for Culture, Media and Sport. It ensures that customers are given a fair and transparent opportunity to gamble safely. It also serves as an advisory body on the UK’s gambling industry.
‘Gambling Commission’ Explained
The UK Gambling Commission was set up in 2007 under the Gambling Act of 2005. Changes to the Gambling Act and the need for a dedicated national gambling commission arose out of the increase in online gambling providers after the dot-com boom. The commission is governed by a Board of Commissioners. These positions are appointed by the Department for Culture, Media and Sport.
The commission isn’t funded by the Government but is instead funded with the money it receives in license fees from gambling industry businesses. Some of the key ways the commission regulates gambling in the UK is to ensure that it doesn’t exploit vulnerable people, such as children. It also prevents gambling from being a source or catalyst for social disorder or crime. It protects customers and those who choose to gamble by ensuring that gambling companies are fair and open at all times. The commission is based in Birmingham and employs over 250 employees. Most countries have their own gambling commissions, who are each responsible for the online casinos registered in that country.