gambling

Legality of Online Casinos in Canada

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With no laws prohibiting the practice, online casinos seem to be 100% legal from the perspective of the player. Many foreign operators market their sites to Canadian gamblers, and some sites are even regulated by Canadian Indian tribal groups. Recently, the situation has become even better for Canadians who enjoy playing in online casinos. Several provincial governments, eager to keep more money in the local economy (and in their province’s coffers) have begun to set up regulated online gambling sites to provide Canadian players with a fully regulated, government-sponsored alternative to overseas casinos. These online casino sites have so far been launched in British Columbia and Quebec, with more provinces expected to follow suit.  

Issues with Depositing to Online Casinos from Canada

With no governmental restrictions and no laws designed to make playing at online casinos difficult, Canadians can expect to see very few issues when depositing to online casinos. Most online casinos – both the more traditional ones, as well as the government sponsored alternatives – offer numerous deposit options to their Canadian players.

Current Deposit Methods Available

Currently, Canadians have a buffet of options when it comes to making deposits and withdrawals at online casinos. Current deposit methods available include debit and credit cards, prepaid cards, and checks (including e-checks). Bank wires and transfers are also widely available. In addition, many e-wallet websites operate in Canada, including some of the largest ones like Moneybookers.

Taxes on Online Casino Winnings

The typical player at an online casino does not have to pay taxes on their winnings. This actually goes for all types of gamblers: online or offline, poker, casino or sportsbetting, gambling winnings are not considered taxable income.
Canada does, however, make an exception for professional gamblers, who are expected to claim their winnings as income. The definition of a professional gambler is somewhat loose; while you’ll probably know if you’re a professional gambler if you are one, the government also provides guidelines, such as saying that a professional gambler is one who uses “skill and investment” to win. In other words, simply winning a huge jackpot is not enough to make you a professional, even if you take home millions of dollars. So the best online casino site, you can find f.e. in this SportsBetting.ag Review.

Future Outlook

Broadly speaking, the basic rights of Canadians to access online gambling are unlikely to change in the near future. What Canadians will see is significant movement on the provincial level, as each province will deal with the possibility of regulating online gambling. While we mentioned above that some provinces have already jumped on board with the idea, others seem more hesitant. Prince Edward Island, for instance, has already said that they are not interested in setting up an online casino at this time, with Newfoundland and Nova Scotia also declining the opportunity to enter the market.

Is Online Betting Legal in the UK?

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With online betting being no exception, all nations around the globe have got their own rules and regulations governing all kinds of gambling. The legality of the various gambling games solely depends on the country’s set laws on such acts. The UK has a number of top gambling sites in the world with many having offshore operations in different countries and thus there is an all-inclusive legislation put in place in accordance with online betting and legitimacy.

Now let’s unravel the legislation for you to keenly understand every detail regarding the legality of online betting UK. Below are the key points regarding the lawfulness of online betting:

– All forms of gambling have been legitimate and lawful in the UK since 1960.
– The set legal age for betting on sports and other kinds of gambling is eighteen ( 18+).
– The set legal age for lotteries, scratch cards, and pool game is sixteen (16+).
– The Gambling Act 2014, and Gambling Act 2005 govern regulate most online betting activities.
– All forms of Gambling the country are controlled by the United Kingdom Gambling Commission.

UK BETTING REGULATION: CHRONOLOGY

Since 1960, when betting was legalized in the UK, there have been a number lawful Acts that have been put in place by the government to regulate the industry. The content below will help you understand the events that have ensured the legality of online betting in the UK is on track.

The Betting, Gaming, and Lotteries Act of 1963

With betting away from the racetrack being illegal for several years, the 1963 Acts came to pave way for all other forms of betting by making off-racetrack betting legal. It’s the act that transitioned the betting industry to where it lies today. Since the signing of the Act and other legislation, it has greatly influenced and controlled the UK betting industry.

The Gambling Act of 2005

With 3 major aims, the 2005 Gambling Act was introduced to change the gambling industry with the changing times. The main aims of the Act included;

– Ensuring all forms of gambling were conducted in an open way and with a lot of fairness.
– Preventing forms of gambling from being purported to support criminal activities, being affiliated with criminal activities and disorder, or leading to disorder and crime.
– Protecting all children and other persons from being exploited or even harmed by gambling acts.

The Gambling Commission formed in 2005

The 2005 Gambling Act led to the formation of the Gambling Commission in the same year which was tasked with the main role of regulating all forms of gambling in the United Kingdom. Online betting was brought aboard as a land-based form of gambling and offshore companies were given remote operation licenses to govern their gambling activities. The Commissions was also tasked with setting up other new gaming licenses and laws to bring legality in the field.

The Gambling Act of 2014, also known as, The Licensing and Advertising Act of 2014.

The initial Gambling Act was not very clear on online betting for companies outside the UK border but rendering services to the UK customer base for several years since its enactment, these debatable laws were removed when the Act was passed in 2014. It made the licensing process and all other set rules and regulations favorable for all online betting companies across all borders. It moreover brought consistency in the industry by allowing companies outside the UK to pay a tax rate of 15%, that is, same as all other UK-based companies were paying. The Act was a great welcome to other betting sites as it introduced a flat rate tax on all companies irrespective of their location. The main aim was to create a point of consumption tax creating a greater revenue capacity.

The rules and regulations governing betting activities in the UK have greatly changed over the recent years. All these have been put in place to ensure a safe environment for both the company and the customers while ensuring consistency with the law. As a result of various money laundering activities in the sector, the 2005 Gambling Commission was tasked with the role of supervising on and combating money laundering attempts. To help flush out laundering, betting companies will need you to identify yourself. Here’s why;

Why Do I Have To Confirm My Identity?

The government introduced a set of regulations, The Money Laundering Regulation of 2007, an effort to wipe out laundering in the gambling sector. Thus, for new customers signing up in a betting company, they will have to undergo a screening process. This helps to identify, prove identity, and to get useful information from independent and credible sources. Well, that’s why you will have to provide relevant documentation in casinos and online betting sites before you’re served.