Published on December 15, 2015 in Industry News

EU online gambling agreementGambling, whether online or at a standard land-based casino, is a growing industry that affects the lives of millions around the world. It is estimated that there are more than 7 million people in the EU alone who gamble online on a regular basis.

A new agreement that incorporates the working together of different countries across the EU has recently been signed by 20 of the 28 European Economic Zone countries. This agreement will completely overhaul the way online gambling works across the EU in an attempt to keep those who gamble safe from being “exploited for unlawful ends”.

The largest form of risk is considered to be punters who are illegally accessing online gambling sites as they can fall prey to identity theft and other dangers without the protection of the law. The signing of this agreement has started a journey in which countries will work together. Not only will the greatest minds come together in an effort to solve the issues surrounding online gambling in the EU, but the coordination of technology and technological breakthroughs will also be shared.

The main focus of this agreement is to protect the EU citizens which includes providing a synchronized platform for members who are working to limit harmful actions. The verification of information across countries and technical expertise will be this arrangement’s greatest strengths. The compliance of national laws will be held in the highest regard as the members of the EU work together to combat fraud, identity theft and other long-term issues.

If one thing is for certain, members of the public will certainly benefit from this agreement and the eradication of unlawful acts in the online gambling industry.