Ionut Catalin Marin is the founder of KingCasinoBonus. He has over seven years of experience in the gambling industry and has seen the changes, twists, and turns in its evolution. With the gambling market in the United Kingdom more competitive than ever, regulations are set to tighten. In the article below, Marin discusses the importance of tackling the unregulated gambling industry. 

The United Kingdom’s Unregulated Gambling Market 

The United Kingdom has plenty of rules and regulations in place about how gambling companies registered and operating in their country should act. This information comes from the United Kingdom Gambling Commission. However, it is not the ones based on UK soil that pose the biggest threat. Most of the unregulated gambling market comes from offshore. 

The Betting and Gaming Council has estimated that UK users use unregulated gambling sites around 27 million times in a year. It is also estimated that 200,000 customers used unregulated sites in a 12-month period, betting around £1.4 billion. Around 2.5 per cent of all gambling sites are unregulated. 

What Are the Dangers of Unregulated Gambling Sites?

There are many dangers to using unregulated gambling sites. Generally, this centres around money and funds. They may avoid paying out; they may have lax security when it comes to protecting your financial and personal details. In some cases, they may just have unfair games. 

KingCasinoBonus has a closed-door policy when it comes to unregulated gambling sites. It has a Home Page feature that allows users to report a blacklisted casino that operates online without a license. It only recommends websites fully comply with the UKGC guidelines. This ensures that the best casinos with trustworthy operators and the fairest games are the only ones you will find on their site. Not only have they been vetted by the UKGC, but KingCasinoBonus then goes into more depth, helping potential players find the one that is right for them. 

Why Do People Use Unregulated Gambling Sites?

There are numerous reasons why people may turn to unregulated gambling sites. They could be for simple reasons, such as betting markets in niche areas or a different game selection. Some people may be enticed by the ability to pay in cryptocurrency or find better bonuses and welcome offers. 

However, some may have more dangerous reasons. Many unregulated sites may not subscribe to laws on who they can target. This could mean predatory behaviour, attracting those addicted to gambling, or marketing themselves to younger audiences. 

What makes this more confusing is that many of these sites operate globally. You may find an unregulated site that does not follow UK Gambling Commission guidelines. However, it may still try to function as a legitimate operation. Once it has good reviews online, it can be hard to tell from a regulated one. 

In these situations, when a problem does occur, you have nowhere to turn. They may suddenly decide not to pay out, or you may begin to suspect the probability of their games is not what it reports. That is when the real issue happens because you have no one to go to. It is much better to play it safe and use a United Kingdom-regulated site, like the ones found on KingCasinoBonus.