The new stake limit regulates by the Belgian Gaming Commission has been set. It aims to be stricter during the coronavirus pandemic. A limit of €500 ($543) stake will reset weekly and primarily for the online gambling sites.
Is the New Stake Limit Mandatory?
The rule regarding the new stake limit is mandatory. It Is for all licensed operators as well as players.
Players have the right to tighten restrictions individually to lower the total available sum. Also, players have the power to restore the weekly limit to the original amount within three days of reduction. However, the operator needs to comply with the rule immediately.
According to reports of best online casinos, the Commission also asked players to be vigilant. And to inform the organization of any license holders that refuse to obey the new stake limit. Besides, for the protection of the players, any money spent above €500 will be returned to the player. And sanction operators with unlawful activities by the BGC.
When the New Stake Limit Regulation Take Effect?
The new stake limit regulation has taken effect since April 6th. It is as soon as Magali Clavie became the new president of the Belgian Gaming Commission. Clavie, also a former president of the Superior Council of Justice, replaced Etienne Marique.
Besides, the BGC emphasizes to inform the people of the potentially harmful effects gambling can have while the country is in lockdown. According to betting odds sources, the Commission refers to gambling is not a solution to any problem; the current situation could see people spending more time on the internet. Especially on online gambling sites as a diversion. Also, many people lose social control as they are alone at home.
About Belgian Gaming Commission
The Belgian Gaming Commission is one of the strictest regulatory bodies in Europe. It regulates all matters concerning gambling and issuing of the license. Also, the BGC is responsible for the implementation of the rules following the Gambling Act. And a hefty fine will be given in case a company or even a player breaks one of the rules.