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In the United Kingdom, the Advertising Standards Authority has censured several betting firms for advertisements disguised as news articles suggesting falsely that a person had cleared debts and paid for medical expenses by gambling online. A levant or levanting characterises the act of absconding following the outcome of a bet. Investments are also usually not considered gambling, although some investments can involve significant risk. Many betting systems have been created in an attempt to “beat the house” but no system can make a mathematically unprofitable bet in terms of expected value profitable over time. Spread betting allows gamblers to wager on the outcome of an event where the pay-off is based on the accuracy of the wager, rather than a simple “win or lose” outcome. One can also bet with another person that a statement is true or false, or that a specified event will happen (a “back bet”) or will not happen (a “lay bet”) within a specified time.

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Under the Romanian regulation, performing gambling activities in the absence of the necessary licence and authorisation(s) represents a criminal offence sanctioned by imprisonment or criminal fine. The National Gambling Office will publish on its website and update, monthly or whenever necessary, the lists, indicating the date of the last update. In addition, the regulator shall communicate the information about the unlicensed gambling websites to the payment processors, so that any payments to and from these websites can be blocked. Nevertheless, irrespective of whether the licensed online operator is a Romanian or foreign company, as long as the main gaming server is not placed in Romania, the respective operator will be required to establish safe and “mirror” servers in the Romanian territory.

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The preferred regulatory approach of the gambling industry – so-called responsible gambling – adds to this burden by effectively blaming those who experience harm. Easy accessibility of gambling products increases the risk of uptake. Heavy promotion of gambling online and through sport also poses risks of normalizing gambling for children and young people. Strict regulation and enforcement are also required to ensure compliance with existing laws. Gambling is risking money (or another item of value) on an event of uncertain outcome, with the possibility of gaining an increased return.

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