Top 10 Isle Of Man Online Casino Sites

Often mistaken as a part of the United Kingdom, the Isle of Man is actually a separate jurisdiction with its own government in place. It is in fact, this independency that has lead the small island to become the financial centre it is known as today. UK companies have been known to register their assets there but they aren’t the only operators looking to benefit from favourable Manx legislation. Today, the island is also considered an online betting and gambling hub. In spite of its small size, it has caught the eye of numerous online gambling companies over the years. If you are looking to find out what makes this gaming license so coveted we suggest you read on. Here’s our top list of online casino Isle of Man options to get you fired up.

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About Top 10 Isle Of Man Online Casino Sites with a HUGE bonuses!

Isle of Man Betting Regulations and License Requirements
In order to be considered for the Isle of Man license, an online provider must meet a number of requirements. First and foremost, the bookie has to have a substantial office on the island. It also needs to meet all of the licensing requirements and show that it has no links to criminality and has a clear ownership model based on integrity and abides by anti-money laundering policies. Lastly, the sportsbook must prove it is competent in running betting services and has enough finances to pay out winning punters. The process of acquiring a license is relatively fast, as the Commission will generally reach a decision in 2 months or less.

When a bookie manages to get licensed by the Isle of Man, they can count on a number of different advantages. Due to its independent status, the Isle of Man offers bookmakers a unique business environment. This, in particular, applies to special incentives and VAT exemption.

Isle of Man Notable Legislation and Laws

The Isle of Man Gambling Supervision Commission has enacted a wide variety of laws over the years. The most notable regulation implemented by the Commission is the Online Gambling Regulation Act of 2001. It provided basic regulations of online betting and gambling and paved the way for other regulations. Other substantial regulations include the Online Gambling Regulations of 2007, which defined the requirements for marketing and advertising, and the Gambling Supervision Act of 2010, which further defined the status of the Isle of Man Gambling Supervision Commission.

Isle of Man License Testing and Bettor Protection

In order to ensure that all of its licensed bookmakers are operating according to the T&Cโ€™s, the Isle of Man Gambling Supervision Commission cooperates with several independent auditors. Their activities ensure that all of the betting mechanisms in place are bettor friendly and fair. The Commission enforces random business records inspections. If the auditors find any evidence of fraud, money laundering, insufficient funds or any other breach of license terms, they will revoke the license from the betting site.

With rigorous rules in place, the Commission keeps betting operators responsible for their actions. It has a very strict set of terms when it comes to the financial policy their licensed bookmakers must abide by. The Isle of Man Gambling Supervision Commission closely monitors all financial accounts to make sure that operational funds and bettor funds are never mixed. This provides bettors with financial security in case a bookmaker goes under. The operators are held at high accountability, especially when it comes to their privacy policies. Licenses are renewed every five years. Bookmakers must show that they offer a bettor friendly environment, and have sufficient security methods in place to safeguard the private information and finances of their users. Bookies that fail to do so, are stripped of their Isle of Man license.

How to know if a sportsbook is regulated by the Isle of Man?
The Isle of Man Gambling Supervision Commission is reputable enough that they often experience cases where bookies try to forge their license. No matter if an online sportsbook claims it has a valid license or not, you should always do a background check before signing up with them. You can do this by checking the footer of their home page and looking for the Isle of Man Gambling Supervision Commission logo. Alternatively, you can go to the site of the Isle of Man government and check if the bookie is listed as licensed by the authority. The Isle of Man official site also includes a long list of banned and blacklisted casinos that have been deemed as insecure by them.

Complaints Procedure – How to Settle a Complaint?
The Commission advises you to first reach out to the license holder about your issue with them. Most of the issues can be resolved with the operator itself. If, however, you are dissatisfied with how your complaint has been resolved, you can contact the Isle of Man Gambling Supervision Commission by completing a form directly on their website. The Commission may step in as a mediator if you and the operator have differing opinions. If you have an issue that requires mediation by the Commission, make sure you fill out the form correctly. It must be in English and include your full name, contact details, account username, the name of the bookie, complete details of your complaint and all relevant documents and correspondence between yourself and the bookmaker. If your individual case requires an investigation, the Commission will acknowledge your complaint and keep you informed about the outcome of the process.

Top 10 Isle Of Man Online Casino Sites Updated: June 1, 2020 Author: Damon


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