The World Assembly,
Accepts that gambling generates significant revenue streams in to their nations economy, whilst also creating employment opportunities and creates tourism opportunities to those nations who have a gambling holiday resort(s),
Believing that protection is required for both the consumer and the cross border gambling operators in the interest of fairness for all parties,
Concerned that there is no regulatory umpire to settle electronic gaming/gambling cross border disputes,
Affirms that this resolution does not legalize gambling in nations of which it is currently outlawed,
Defines:
A cross border wager as a transaction that accepts either money or electronic funds transfer at point of sale (EFTPOS) for the purpose of gambling with a legalized cross border operator on a selection(s) for the advancement of profit
Hereby:
Creates the Wager Fairness Committee (WFC) to act as an independent umpire for all cross border wager disputes, issuing of cross border wagering licences to gambling operators and to ensure the integrity of the rules of gambling,
Mandates:
All cross border gambling operators are required to have an active licence issued via the WFC.
Ensure any and all betting rules are readily accessible to the public
Ensure that any machine/terminal/device that is used in gambling is working as the manufacturer intended and not tampered with.Ensure that access for any gambling assistance information is readily available in accordance with GAR #123 “Reduce Problem Gambling”
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