IOM Safeguards for Online Punters

IOM Safeguards for Online Punters Reputable jurisdiction provides highest standards

This week, the Isle of Man Gambling Supervision Commission issued an important statement, claiming that its licensed operators are regulated to the highest standards, complying with the mandatory licensing requirements which include the keeping of players' deposits and winnings separate from the funds used by the operator to conduct its business.

According to Economic Development Minister Allan Bell, "The Isle of Man Government policy is to provide a well regulated jurisdiction for online gambling businesses and the Isle of Man is recognised as a first class jurisdiction for remote gambling. In pursuit of this policy the Isle of Man offers the strongest possible consumer protection to players, whether they live in the Island, in the UK, or further afield, by requiring that player monies be held separately from a company's assets in separate bank accounts protected by law – unlike in other jurisdictions - through trust arrangements or bank guarantees."

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