French Government is Regulating Online Casinos

French authorities announced recently that they will create an agency that will regulate and monitor their country’s online casinos and operations. This announcement is long awaited, as the online casino debate seems to always be a heated one. The French National Crime Commission’s President, Alain Bauer, has made a comprehensive list of steps that need to be taken for the agency to be in full force.

Nay-sayers of online casinos and internet gabling have also made a list. They have made a list of all of the problems they predict that will come with legalized online gambling. However, the French government is doing all that it can in order to monitor, license and regulate all internet gambling franchises.

Regulations have already been put into place starting with who is eligible go apply. Online casinos must have been in operation for a minimum of seven years to be considered for application. If you meet that requirement then you have to agree for your company to be completely translucent. Which according to them means that they need to have access to all of their share holders, investors, and every employee has to pass a background check. On top of that the web servers for each online casino will be available to the agency for monitoring and auditing purposes. The transparency will help significantly reduce any fraud or corruption that comes associates with illegal activity.

What does this mean for players? Players that want to play at any French online casino need to register with the regulating agency. Players will need a legal form of identification and a French bank account. They will then be issued a PIN that will enable them to activate their account and play at the approved online casinos.