IGC License Code of Conduct for Internet Gambling

With the numerous license giving organizations to gambling operators on the Internet, one of the prestigious regulating agencies is the Interactive Gaming Council (IGC). The IGC's main objective is directed to the promotion of global gaming industry with a uniformly established code of conduct that its members need to observe.

The IGC license support an appropriate mechanism that upholds confidence among its gambling licensees, to the Internet gambling community and the online gambling industry in general. All IGC members are mandated to comply with the code of conduct attached with their membership through their license to IGC.

Different sections of the IGC code of conduct encompass several areas that withstand the challenge to build a credible association of licensed online gambling operators. All IGC members are expected to exercise compliance to applicable laws within the jurisdiction where they conduct their business. As part of the compliance procedure, Internet gambling operators have to secure a license from the local government of the jurisdiction where they operate business and it shall be presented to IGC.

IGC members are also expected to make a reasonable effort in making their gaming software algorithms as random as possible for fair gaming among gambling players on the Internet. IGC member's software is inspected by independent bodies in order to ensure continued compliance to the IGC's conduct for fair gaming.

Data protection and information security should be provided by gambling operators to Internet players to maintain confidentiality of all its clients. As mandated by the IGC code of conduct all its licensee are expected to employ security measures to prevent external and internal security breach on their systems data.

As stipulated on the IGC's code of conduct, all its licensees should publish only accurate information and honest publicity of their services. License holder of IGC should provide only the truthful information regarding the rules on pay out percentages, procedures for registration and all the terms applicable to their business.

Audit trail is also a part of IGC's license principle where its members should keep a detailed record of all its finances for inspection. An independent team will archive and audit their financial transactions for the sake of transparency with their Internet gambling operation. It also ensures that the gambling establishment has adequate funds for prize pay outs.

Concerning disputes which cannot be resolved within the complainant and the IGC licensed gambling operator level, mediation is usually provided by the IGC to resolve the complaint against its members. Its members should also implement accessibility restrictions to minor and to extend help to problem gamblers.

Any breach of code of conduct of an IGC Internet gambling operator members will result to revoking of their license. Without a license, gamblers are more likely to shun playing from their online site. The impact is so great that online gambling operators cannot afford losing their license.