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The European Union has issued new regulations for online gambling in a quest to "safeguard health and minimise the eventual economic harm" suffered by the punters.
The EU wants to provide punters with the ability to set their own spending limits, minimize minors exposure to gambling ads and institute health warnings on said advertisements.
Declan Lynch of the Independent suggests these new regulations are flawed.
In regard to limits, Lynch writes:
There are similar systems already in place, and they don't work, nor in truth are they intended to work on any level other than to provide the material for a great heap of PR bullshit.
To put it simply, if you reach your limits with one betting corporation, you just sign up with another one. At a more nuanced level, it entirely misses the point that people who feel that they need to impose these fearful "limits" on themselves in the first place clearly have a problem, one that might well be called an "addiction".
On the advertisement front, Lynch points out that kids watch sports.
Indeed the most glamorous club in the world, Real Madrid, had the name of an online betting firm plastered across its shirts.
And this is true of most of the European football clubs.
- Jagajeet Chiba, Gambling911.com
