Ghana is to be commended for embracing the crypto gambling revolution, but there needs to be a shift in focus to greater player protection and responsible gambling measures, even if it means updating the country’s Gambling Act of 2006.
Ghana has become a leading market for online betting, with cryptocurrency gambling gaining traction even faster than some of its neighbours. But, despite this progress, regulations governing the industry remain mired in the outdated Gambling Act of 2006, raising important questions about whether current legislation is in step and keeping pace with such rapid progress.
Ghana’s gambling regulator is doing something most markets on the continent aren’t: it’s embracing cryptocurrency instead of fearing it.
By opening the door to crypto casinos under a regulated framework, the country isn’t just following global trends; it’s helping mould the future of crypto gambling in Africa. It is that willingness to adapt and look to the future that sets Ghana apart from less adventurous markets.
Even though this pro-crypto stance is commendable and forward-looking, Ghana’s Gambling Act needs some serious updating to bring it in line with leading regulators, such as the UK Gambling Commission (UKGC).
Changes to Ghana’s Gambling Act are overdue, given that it has been two decades since it was first introduced. There needs to be a shift from “license and tax the operator” to “continuously monitor, control, and protect the player.”
Here are several measures to ensure better player protection:
Introducing these measures would benefit the Ghanaian online gaming industry, as well as significantly improve player safety - a win-win situation indeed.
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