IndexIntroductionGrowth of Internet GamblingThe Risk Associated with Internet GamblingImplications for Regulation and Harm MinimizationConclusionReferencesIntroductionThe Dangers of Gambling Internet gambling have grown enormously over the past decade and currently account for approximately 8% of the global gambling market (GBGC, 2011). It has been growing since the 1990s and in recent years has represented one of the most important changes in the gambling environment through the use of smartphones, computers or wireless devices that connect to the Internet. Internet gambling is the fastest developing mode of betting and it is changing the way players interact with this movement. Additionally, the number of people assessed to be interested in online gambling has grown into the millions, despite claims, lawsuits, and other challenges. The industry's revenue currently amounts to several billion US dollars per year (Gainsbury, 2012). Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original EssayToday, various support sites are being developed that incorporate data pages containing figures on odds and winnings, gambling site portals, and pages for sports handicappers. The number of individuals involved in Internet gambling remains moderately low but is gradually growing as countries proceed to legalize and regulate Internet gambling. When this happens, Internet gambling becomes a norm and is acceptable in society. Governments have enacted laws to regulate the activities of gambling sites by introducing gambling laws. The countries that have legalized and regulated online gambling are Australia, France and Germany. These countries allow Internet gambling but at the same time monitor it. Gambling operators need licenses to ensure that operators comply with standards for promoting responsible online gambling. Growth of Internet Gambling Over the past decade, the world of Internet gambling has expanded massively. “The sector was worth $41.78 billion at the end of 2016 and is expected to reach the $80 billion mark by the end of 2020.” (Jones,2018). 11% of total internet traffic now comes from internet gambling players. The growing social recognition of Internet gambling continues to stimulate the development of Internet gambling. Nowadays, technology offers individuals many choices and gaming options for Internet gamblers. 'Technology has been the main driver of online gambling. As companies acquire advanced gambling software, online gambling has become simple and transactions have become secure.' (Craft Central, 2019). An Isle of Man based company called “Microgaming” has developed the first fully functional gambling software. The subsequent safe transaction during gambling led to the establishment of the first casinos in 1994 (Schwartz, 2006). As the foundation progressed in different casinos and clubs, gaming licenses were introduced to ensure that operations were clear and correct. With the increase in popularity during the 1990s, the amount of websites coming out with Internet gambling platforms increased by about 200 in a year, i.e. from 1996 to 1997. The types of online betting are poker, bingo, lotteries, sports betting. , online casinos and horse racing betting. According to Nower eBlaszczynski (2010), the wide range of online gaming options has attracted more people to take part in at least one of the existing forms of Internet gambling. The risk associated with Internet gambling Gambling problems and addiction. A national study on the impact of gambling in the United States in 1999 reported that problem or pathological gambling could be accentuated by the quick and instantaneous rewards of Internet gaming, as well as the absolute level of user privacy. Related research in the UK has supported the eminent connection between problem gambling and safety components. The report stated that three-quarters of people involved in Internet gambling were pathological gamblers compared to only one-fifth of problem gamblers among land-based casino attendees (McQuade & Gill, 2016). There are allegations that offenders may be abusing Internet gambling. phase of money laundering due to the uncontrolled nature of electronic financial exchange between gambling operators and their customers. This has distinguished Internet gaming as a key avenue for money laundering, much appreciated for the growth of virtual economies on Internet gaming sites. Multiplayer games that use in-game monetary forms – such as World of Warcraft gold – that can be exchanged for real money. In addition to stealing from players, a second hypothesis is also emerging in relation to a cybercriminal's use of Internet game stages: Many are enthusiastic gamers themselves and law enforcement authorities are currently proposing that these games are a adventure into the dark world of cybercrime. Recently, the UK's National Crime Agency (NCA) came under fire on social media for suggesting that teenagers who express an interest in computing, as well as gaming, could become cybercriminals, which confirms the agency's previous comments. NCA's National Cyber ​​Crime Agency (NCA). Director of the Unit (NCCU), Dr. Jamie Saunders. Implications for regulation and harm minimization Harm minimization strategies for problem gambling have been largely similar to those used to address alcohol addiction. The strategies work through the principle of changing consumer behavior through reducing or preventing gambling habits. There are highlights in internet gambling sites that promote awareness to keep gambling efficient and minimize harm. Such capable gaming features have been found to increase customers' confidence and minimize their anxiety about winning. However, some exploratory investigations found that a small number of online players used these features. By minimizing the amount of money, the player can bet for a certain period which is usually required by law. It may be accompanied by warning signs of high spending. For example, in Spain and Germany, online gambling operators are required to set standard deposit limits (Chóliz, 2015). In Australia, setting the limit on the amount of money a player can store is entirely a deliberate obligation of the operator. As part of the authorization, gambling administrators can be instructed to disseminate cautionary warnings about unreliable gambling threats on their websites. They can behave consciously, which promotes increasing the likelihood of gamblers participating, but as recreation. The chances of the player getting cash and extra money after losing should be minimized. TheExperienced and up-to-date staff makes the difference in distinguishing customers who may be experiencing gambling problems. Guidelines on operational rules and authorization to ensure that problem gambling is identified as early as possible and addressed appropriately. A confirmation strategy is used to find out the age and authentic characteristics of online gamblers is vital to ensure that minors do not get involved in betting administrations. Customers can deliberately set limits on how much money they can lose or spend before they start gambling on the Internet. Furthermore, an Internet gambler who frequently reaches the limit can decide to exclude himself quickly and easily. A study reported by Parke et al. (2012) indicated that most Internet gamblers have different accounts with different gambling websites, so they are likely to prefer the other when one account reaches the limit. Operators can set up programs that warn players when they are about to reach their betting limit. However, Nower and Blasczynski (2010) state that: "Pre-commitment would have little effect on decreasing gambling expenditures among those who were willing to continue gambling, those who are most in need of limits, problem gamblers, are the least likely to adopt the use of smart cards and other re-engagement technologies and who are more likely to find ways to circumvent the limitations (p. 370)” The dangers of Internet gambling compared to casinos are that a player who chooses of spending a portion of time in a casino gambling is likely to be noticed by companions, family or several casino employees Meanwhile, online gamblers play to their heart's content at work or at home without it It is plausible that someone will take note of what they are doing. Traditionally, gambling addiction was treated by avoiding casinos, bars, or other areas where gambling occurred. Be that as it may, online games have made it difficult for Obsessive players dodge the attraction. To enter a virtual casino you only need a computer or smartphone with an Internet connection. Internet gambling addiction is mostly similar to alcohol addiction. Although Internet gambling does not affect the person's internal body health, many people continue to participate and act exactly like an addict. Gambling at home also gives a lot of consolation to the player which leads to an impaired ability to resist encouragement to gamble online. The ease of funding one's online gambling accounts through online installment systems actually makes it less challenging for individuals to lose more money. As a result, several reports of suicide, separation and family problems due to gambling addiction continue to increase. A person may be so addicted to online gambling that he or she is inclined to it to take care of family needs. Regardless of how it is viewed, online gambling causes family breakdown and crime (Banks, 2014). It is almost becoming clear that the arguments against online gambling raise several questions. The gambling industry has a positive impact on the country's economy despite global financial instability. It has shown too bad results compared to some uglier indecencies within society. From the perspective of advanced consumerism, it makes sense to allow consenting adults to risk their money in an exciting context. This raises the question of whether it is still conceivable for online gambling operators.