On the twentieth of February, Cyprus launched a national self-restriction system for internet wagering. This system, a crucial element of the nation’s responsible gaming plan, permits users to effectively “bar” themselves from betting websites, for a limited time or indefinitely.
This self-imposed restriction prevents users from placing any wagers, but they retain the ability to access their accounts to retrieve any remaining funds.
The system is managed by the National Betting Authority (NBA), which views it as a potent instrument for encouraging responsible gaming. The NBA stressed that this illustrates their dedication to safeguarding players and fostering a sustainable and equitable environment for all.
Although the system is currently limited to online gambling operators licensed by the NBA, there are intentions to broaden its scope and incorporate additional features in the future. Significantly, the self-exclusion procedure is free of charge and encompasses all forms of gambling. It restricts players from engaging in gambling activities on any existing accounts and even prevents them from establishing new ones.
The International Federation of Anti-Corruption Authorities (FIACU) urges all stakeholders in the athletic realm to collaborate in combating dishonesty. Their objective is to establish dedicated channels for safeguarding competitors and enhancing openness. This initiative forms a cornerstone of their approach.
Furthermore, they express satisfaction with the advancements made in promoting ethical wagering practices. FIACU perceives this as a significant stride towards shielding the populace and fostering a more responsible sector.
Cyprus is not alone in its endeavors to address gambling-related issues. Australia recently unveiled its own initiative known as BetStop.
