New requirements for online gambling in the UK
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New laws affect the gambling online experience for anyone living in the UK. The use of credit cards in online casinos has been banned.
The new regulations for online gambling will be implemented at the beginning of 2021. The betting stake limit in FOBTs has been reduced from £100 to £2 in April 2020. Online gambling with credit cards was banned in 2020 due to continuous fraud and gambling addictions. There are talks about putting similar caps on online betting bets. The new requirements for the online gaming in the UK are still unknown.
Some slots allow you to bet up to £200 per spin. There is talk about capping the betting amount at £2. This limit will be imposed in the early stages of 2021. The limit for betting on a slot per day is also expected to be £100 per 24 hours.
The new law proposes a cap on online slot betting. It's upsetting to both players and online casino operators. Players won't be able to take as big risks and operators will lose a lot of money. Online casinos will also lose their bonuses.
There are pros and cons to the cap on gambling on slots. The pros include: reduction in crime, reduction of gambling issues and losses, and easy to recover previous losses.
