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Responsible Gambling Resources

Online Gambling Restrictions: A Look at Forex Trading

Online gambling regulations in the forex market apply to all financial transactions involving the exchange of one currency for another. These rules apply to any individual or business participating in the foreign exchange market, including banks, hedge funds, brokers, and online gambling sites. In the US, gambling sites must be licensed and follow a series of rules and regulations set by the Federal Trade Commission. To ensure customer safety, these sites must protect customer funds, obey anti-money laundering laws, and comply with the Know Your Customer regulations (KYC). Additionally, the gaming providers must not use any third party for the purpose of offering online Forex games or using third-party software to run the games. These restrictions are designed to ensure that the foreign exchange market is legitimate and that investor funds are secure.