Isle of Man Gambling Supervision Commission Online FAQ
The Isle of Man may not be a place that you immediately think as a major online gambling site regulatory authority, but you will be surprise by just how many companies are licensed and regulated on the island.
The Isle of Man Gambling Supervision Commission was set up to allow companies who design and supply the gaming platforms, software and casino games to a range of online gambling sites to be located in a strict and respected online gambling jurisdiction, which by the way the Isle of Man has become, and many gambling sites are also licensed and based there too.
Casino Game Fairness
No one who is playing bingo games, poker games or casino games or in fact any game of games online is going to want to play games that are anything less than one hundred percent fair and completely random, and there are many ways that you can ensure the game you do decide to access and play are fair and this is by online gambling at sites that have had their games checked and verified by a third party gambling game testing company.
There are several companies who offer such a service including eCOGRA, iTech Labs, Gaming Associates, GLI Europe BV, GLI Test Labs Canada ULC, NMI Metrology & Gaming Ltd, BMM Compliance and SQS India Info systems PVT Ltd.
When you are seeking a gambling sites at which to become a customer of it is therefore always important to check through the website and look out for logo’s or links on the gambling site website to one of the companies mentioned, as that will mean that site has had their gaming suite certified by the respective company and you are being guaranteed to being able to access a fair and random range of games.
Frequently Asked Questions
As you are likely to have a range of questions regarding the Isle of Man Gambling Supervision Commission, below are some of the most commonly asked questions surrounding this licensing authority and the respective answers to those questions, so do keep on reading.
Be aware as a player or customer of any Isle of Man Gambling Supervision Commission licensed online gaming site you can also contact the Commission at any time should you require any additional information about how they operate and you can also send them any complaints or feedback relating to any site that has been granted one of their online gambling licenses.
Do I have to play in UK Pounds?
You are not going to be forced to play in UK Pounds Sterling at all online casinos that are licensed by the Isle of Man Gambling Supervision Commission as you will find many of them are multi currency casino sites that cater for lots of different market places. But if you are a UK based player you will often save a lot of money on Forex fees and charges by only every playing at such a site in GBP.This does of course go for any poker, betting, bingo, and casino site that is licensed on the Isle of Man as those sites are also often multi currency sites and as such if for example you are living in other parts of Europe then you may prefer to gamble using Euros as you gambling account currency of choice.
Will I be listed to if I have a complaint?
One of the major benefits of option to play at gambling sites online that have a fully Isle of Man Gambling Supervision Commission issued gambling license if that you will have a direct channel of communication with the Commission and as such if you do experience any type of problems or have any valid complaints about any of the licensed sites you can contact the Commission and they are going o be able to help and assist you getting those complaints resolved and they will be resolved very quickly.
Are Free Play Games Offered
You will be able to access and play both real money and free play games at any gambling sites that have been issued with an Isle of Man Gambling Supervision Commission gaming license, and it is worth noting that the free to access and play games have to be structured and designed in the exact same way as the real money games work, play and pay, so when playing any games for free you will not find the payouts have been boosted in value to give the impression they pay much better than they do when you access the games for real money!
Will the Isle of Man Tax My Winnings?
You are not going to be forced to pay any type of gambling taxes on winnings from any online gambling site that is licensed or based on the Isle of Man, the only gambling taxes charged on the Isle of Man are those imposed on gambling site operators based there.However, it is worth noting that whilst many other countries of the world do not charge their citizens any form of gambling taxes, if you play or gamble at any Isle of Man licensed gambling site form a country where you are charged gambling taxes then you should report your winnings in much the same way as you would when winning them at a land based gambling venue in your country of residence.
What Banking Options will be Available?
As the Isle of Man Gambling Supervision Commission have very strict guidelines in place regarding how online gambling sites that have been issued on of their gambling licenses you are going to find that when accessing any of those sites you are going to be able to use a wide and very varied range of banking options.You will find all transactions are securely processed and should reflect in your accounts instantly once they have been processed and you will be able to use credit and debit cards, pre paid vouchers and many different when wallet type account as a way to fund your gambling site accounts and also get paid quickly form those sites.
What Account Verification Takes Place?
One aspect of playing or gambling at any gambling site online that has been issued a gambling license by the Isle of Man Gambling Supervision Commission that you need to be fully aware of at all times, is that you are going to have to get your gambling site account fully verified.Whilst the majority of online gambling sites that are located and licensed on the Isle of Man can verify your account instantly if you are every asked to furnish the site with copies of any identification documents then you will need to do so or your account will be closed or blocked until you are able to supply the requested documents.
Can I have Multiple Accounts?
Be aware you are only permitted to hold one account at any individual gambling site, and often you may only be able to have one account registered to the address you are living at. If more than one person in your household likes to gamble online it is best that your both hold accounts at different gambling sites so as not to raise and red flags at the gambling sites you are playing at, as you may find yourself in breach of the terms and conditions found on some gambling sites if more than one person signs up and plays or gambles at the same site online.
What is the Speed of Cash Outs?
Once you have had your betting or gambling site account verified at any Isle of Man Gambling Supervision Commission licensed site you should benefit from very fast winning payouts, all licensed gambling sites will have a payout time schedule displayed on their respective website and dependent on the method of payment you choose to get sent your winning by this could vary from a few minutes to a few days.
What is the Legal Age to Gamble in Isle of Man?
The Isle of Man Gambling Control Commission has very strict rules in place regarding the age at which any person has to be to be able to legally gamble at any of their licensed gambling sites. The minimum legal age to gamble on the Isle of Man is 18, however if you are accessing one of their licensed gambling sites from any other country where you need to be any other age to be able to legally gamble in that country then you will be required to adhere to your local laws instead.
First off, I want to say hi and wish a warm welcome to all gambling aficionados out there! My name is David Nugent and I am the owner and editor-in-chief of LegalGamblingAndTheLaw.com. I have always enjoyed various sports, primarily soccer, as I am a die-hard Everton fan.
Over time, I learned more about sports betting and discovered the fascinating online...