These are times when people are forced to stay at home in order to be safe and keep others safe. While some of them are picking up new hobbies, reading or spending time with their families, others dip into old and new gambling habits.
This issue has been brought up numerous times by experts in the gambling industry. In Sweden, for example, one gambling regulator wants to restrict bets on lower-tier football leagues, so match-fixing can be limited.
The Spelinspektionen regulator revealed an update that can potentially stop operators from putting out proposition wagers. With such wagers, players can easily manipulate outcomes. This preposition can eliminate football wagers on Sweden’s all top four levels, so bettors can stop bashing some of Sweden’s football squads. These events occurred since the coronavirus suspended most major leagues.
The restriction can be applied to low tier matches abroad with betting on training matches banned, no matter their tier.
The Swedish regulator expressed the need to apply such restrictions on other sports, as well. Gaming operators and football bodies have to express their opinions by 6th of May.
However, the BOS (Branschföreningen för Onlinespel) gambling group is not all on board with Spelinspektionen and thinks of these regulation curbs as encouraging players to try out other gambling options. For BOS the best way to limit match-fixing is to make sure that players wager with locally licensed websites.
In the end, the Sweden gambling market had a surprise announcement with the government limiting losses, casino bonuses, and deposits on a new tough scale.
In Ireland, the Problem Gambling Ireland charity made their voice heard of operators placing limits on deposits to gambling platforms during the pandemic. They took their stand and called on Betfair and other operators to monitor their players’ activity and potential harms that can be made.
Barry Grant, the founder and chief executive of the charity commented:
“Live sport is extremely limited at the moment, so vulnerable people are turning to virtual sports, online slots and crypto games. Several European countries, including Latvia, Lithuania, Belgium, Spain and Portugal, have already implemented restrictions on online gambling and/or advertising of online gambling platforms.”
In Latvia for example gambling is officially banned due to the COVID-19 situation. On the other hand, Australia has seen a big leap of 67% in online gambling. In addition, the Irish National Lottery has made surer that deposit limits are set to their platform. In the UK, the culture minister issued a warning to gambling operators to take the needed steps for protecting players.
Barry Grant added:
“Online betting is more addictive than traditional betting. A betting shop closes at night and you have to go home, but with online gambling you can do it 24/7. Online you can bet on tennis games all over the world, NFL, Australian horse racing, anything really. There’s always something going on somewhere in the world. But a lot of that is cut back now, and betting sites have come up with alternatives. Some sites have nine different virtual sporting events going on every two minutes, 24 hours a day. They are animated cartoon events run off an algorithm.”
According to Grant, the charity usually works with men around their 30s with relationships and making big plans in life, who see how gambling becoming a problem more and more. He says that nowadays banks check if loan applicants possess gambling applications. He also adds that there are women, as well.
As you can see, tough times are ahead of us and already upon us with many people using those times for gambling as much as possible. Meanwhile, in an effort to not only control gambling addiction but also ensure that no one in the iGaming industry violates the laws of the land, the Australian authorities charged five men who were caught fixing esports matches.
We, at BestBitcoinCasino.com, urge you and your family to keep away from extensive gambling and spend time with each other. You can also check out the effective tips to help you practice responsible gambling online with Bitcoin or fiat-money. Moreover, check out our 6 ways to stay sane while playing casino games with Bitcoin.
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