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Regulator in the Place of an Online Casino Law

We are all familiar with the current legal state of the online casino world. Countries are often reluctant or altogether unwilling to set the state straight and have laws that will organize the online casino industry. In the void that remains, the uncertainty is vast. The first to be hurt by this are the gamblers who are left without protection and facing hundreds of competing online casinos, which is legal and legit of them is left to his or hers own judgment. Stepping in for the lack of legal authorities are such unaffiliated, unbiased, independent regulatory organizations. Perhaps the most famous of these is eCOGRA (eCommerce and Online Gambling Regulation and Assurance).

The organization does not operate according to any law, but rather on its own good will in place of the missing presence of laws. It is now expanding the criteria by which online casino companies and online poker room operators can be eligible for affiliation with it. Its Play It Safe seal of approval, widely familiar by online casino gamblers the world over and sought after by online casino operators, will be granted to more gambling sites. The new online poker sites will no longer have to be members of eCOGRA, but rather wholly independent of it yet still under the inspection and monitoring of eCOGRA.

Explaining the new move was the CEO of the standard setting organization. “We’ve experienced an enormous amount of interest from operators who aren’t using our existing members’ software, which was previously a pre-requisite to obtaining a seal.” The industry must present a legit operating system and show the world that it is safe and viable. If the law won’t take care of this then someone has to. eCOGRA chose to be the one to protect the online casino world.

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.