Online casino regulation and licensing is an important part of the online gambling industry because it gives it a legitimacy and trustworthiness crucial for making players from all over the world feel safe, secure and protected. Much like you would never go to an unlicensed physician, surgeon, lawyer, accountant or architect, so too you should never waste your time on unlicensed online casinos. However, these days most online casinos are licensed and therefore regulated.
To become licensed, online casino operators must apply to one of many online gambling jurisdictions around the world (such as Costa Rica, Gibraltar, Malta, Kahnawake, the Isle of Man, Antigua and Barbuda and many more). They must meet a long list of criteria and agree to follow the laws, rules and regulations of the respective jurisdiction at all times. If they are deemed to be worthy, they will be granted a license which they are required to indicate on their homepage.
Online casinos that are licensed are constantly monitored and regulated to ensure that they exercise honesty and integrity at all times. This is not only to protect online gamblers and their rights, but the online casinos themselves. By living up to their licenses, they maintain and build on their reputations for offering secure and generous gaming facilities and services. And the more online casinos that conduct their affairs in this way, the safer and more reputable the industry is.
Of course the onus is also on online gamblers themselves to ensure that before they gamble online that they do so within the laws of the country, land or territory in which they live. For instance, in the United Kingdom online gambling is legal so anyone over the age of 18 is permitted to gamble online. In the United States, however, online gambling is currently banned. But the good news, however, is that gambling online is legal in most parts of Canada.