Who Regulates Online Casinos?
The presence of a licence from a regulatory organisation, as well as the name of that regulating agency, is one of the most important signs of whether or not an online casino is safe and secure. We suggest you read Australia’s online gambling regulations before you start playing at online casinos.
There are so many online casinos available to Australian players, it’s critical to understand the level of oversight that an online casino’s procedures receive. It can boost player confidence, security, and certainty while also serving as a resource in the event of a dispute. While we only propose the best of the top online casinos, players who are more aware are more likely to be successful gamblers. The following are the primary regulatory authorities that players in Australia may encounter.
Kahnawake Gaming Commission
Since their inception in 1999, these men have earned a solid name in the business by taking player conflicts very seriously. Kahnawake is a Mohawk First Nations reserve in Quebec, Canada, with a gaming commission that has licenced over fifty online casino businesses in a variety of categories, including casinos, sportsbooks, and poker rooms. They also have a number of land-based casinos in the area. While getting over there to play at their brick-and-mortar casinos will be difficult, they do licence a number of online gambling sites that are available to Australian gamers.
Panama Gaming Control Board
Although the Panama Gaming Control Board does not have the same international recognition as some of the others, it is not difficult to find one of the well-known online casinos that they licence. They’ve been gradually but steadily gaining player trust by guaranteeing that their licensees not only do not engage in money laundering schemes, but that their software is also independently reviewed to assure fairness and random number creation.
UK Gambling Commission
The fact that it’s governed by the UK government contributes to player confidence for no other reason than it’s a first-world, English-speaking country with close relations to Australia. Aside from their brand recognition, they have a reputation for treating player disputes seriously and being selective in who they work with. In truth, this licence is required for gamers in the United Kingdom to get access.
Gibraltar Licensing Authority is a government-run licencing agency in Gibraltar. Gibraltar is almost unrivalled as a centre for online gaming operators and software companies. There are a slew of online casinos based here, with even more licenced by them. This is a fairly prestigious licence to have simply based on name recognition in the online casino industry, and they have built up such a steadfast reputation among players, experts, operators, and fellow regulatory bodies that they are selective in who they partner with.
Check out why are synthetic lotteries prohibited in Australia.
Gambling Supervision Commission (Isle of Man)
Another hub for online casino operators is the Isle of Man, which licences gambling sites in all of their forms. This regulatory agency was founded in 1969, and while it began by regulating just land-based casinos on the Isle of Man, it has since grown significantly into the online gaming business, providing reassurance of stringent monitoring to the entire world, including the online casino Australia community.
Malta Gaming Authority
Many of the greatest online casinos available to Australian players, including many (if not all) of the ones we suggest, bear the coveted Malta Gaming Authority (MGA) seal. They choose and choose with a noteworthy level of skill, and having their seal at the bottom gives players confidence that the oversight is stringent and the licence criteria are very strict. The MGA seal is highly sought after, and any casino that displays it is almost certainly safe and secure.
Alderney Gambling Control Commission
Alderney, which is located in the British Isles, is a very popular online casino licencing jurisdiction among operators since it has a 0% tax rate, which is remarkable. Instead, they charge operators a yearly fee. However, this has no bearing on the players. What matters is the AGCC’s commitment to providing only the greatest level of oversight to the rest of the world. In fact, they have been known to revoke licences from sites that do not meet their requirements, thus putting them out of business.
Curacao Internet Gambling Association
On the other side of the Atlantic, this Caribbean licencing agency is essentially the Isle of Man, a centre for internet casino companies with tight regulation and licencing criteria. When it comes to operators, they provide extremely low prices, and one thing to keep in mind is that operators with master licences are subject to sublicensing. You may licence out the ability to host an online casino in different jurisdictions if you have a master licence, which we find unusual. However, many of their online casinos are quite safe and secure, according to third-party audit seals (such as eCOGRA).
FCLRC and PAGCOR (Philippines)
If you’re playing at an Asian online casino, you’re probably playing at a betting site run by this Filipino regulatory authority. They have one of the few e-gaming commissions on the continent, and as a result, the top operators who want to target that market are situated here. Because of their close proximity, many of their licences are available to Australian players.
Read more about these online casino games with low house edges.
ACT Gambling and Racing Commission
The Australian licencing body is the last but not least. This is important to note since you will have the simplest access to their sites, but they have rigorous regulations and hefty tax rates, therefore many of the greatest online casinos are not licenced by them. Having saying that, they do issue licences to several of the greatest online casinos. The reason for this is straightforward: Australians have a penchant for wagering. The how is a little more coimplicated, as the standards are, as previously stated, extremely stringent, but this only helps to increase the safety, security, and confidence of an Australian player.