The United Kingdom is the world’s largest gambling licensing jurisdiction and home to some of the most successful online gambling sites operating today. A combination of low taxes and sensible regulations strike the right balance between keeping the industry safe and giving the free market room to breathe.
Gambling Act 2005
Big changes came to the United Kingdom with the passage of the Gambling Act 2005. The act set the stage for online gambling in the UK by establishing the Gambling Commission. All UK gambling sites are monitored and regulated by the Commission, whose stated goals are to maintain the integrity of the industry and ensure the safety of players.
Licensed UK operators must undergo a thorough vetting process and prove they have the resources to provide customers with a safe, high quality experience. This stands in stark contrast to some other licensing regimes that give a stamp of approval to anyone willing to pay a fee.
In addition to taking fees from operators seeking licenses, the Gambling Commission also inspects the software to be used, people to be employed and the business model.
Depositing and Playing in GBP
If you decide to sign up at a UK-based site, you won’t have much trouble depositing and playing for real money in GBP.
The easiest way to fund your account is through various electronic transfers. Credit and debit cards, Neteller, Skrill, PayPal can all be used to move money from your bank account to your player account.
Most UK gambling websites also accept cash deposits in the form of prepaid vouchers. Both Paysafecard and Ukash can be purchased in person with cash and then redeemed online.