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Investing in funds or shares or any asset for that matter does provide us with ownership of the asset.

In gambling, when you put your money, all you receive is more money or no money.

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Gambling is summarily said to be a game of wit and often the lucky ones will walk away with fortunes, which arguably are from the unlucky cohort that finds their stake going down the drain.

As such, many bookies and casinos that offer gambling services and products do operate under watchdogs that regulate much gaming and act as a shield for the innocent punters.

On their side, the operators abide by rules and regulations that shape gambling in their jurisdiction of operation.

This includes, but not limited to, the aspect of responsible gaming and extensively a KYC policy that aids in collecting much-needed info about the client.

Reaching out to this stern action by the commission follows a breach of terms where the lobby remains accused of failing to protect customers and falling short in observing anti-money laundering measures.

Loosing of £98,000 by one customer is what raised the red flag and regarding this, the UK Gambling Commission underscores that in a period of over 3 years Ladbrokes together with its owner Coral failed to protect consumers against suffering gambling harm.

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