Online Gambling is still unregulated in many countries around the world, allowing players to play at illegal sites. However Switzerland are the latest nation to introduce a legal regulated framework, which will ensure sites operate securely and fairly.
The UK has one of the most impressive online gambling industries, with strict regulation and laws, resulting in impressive growth during the last 5 years. Hundreds of online bingo, poker, casino and betting sites operate in the UK under strict laws on advertising, finances and marketing.
Currently, only Lotto games and Sports betting products can be played online in Switzerland, however casino, bingo and poker games will now be made legal.
Some believe that the new legislation already needs to be changed, as operators outside the country will not be allowed to process payments at Swiss banks.
George Haeberling, a betting and gaming lawyer in Switzerland said, “Practically, you can prohibit them from doing lots of advertising, but preventing the Swiss banks from processing payments from operators outside of the country is not going to be accepted. They may have to allow Swiss operators to go abroad.”