IDEAS home Printed from https://ideas.repec.org/a/bal/gbadej/2661-51692023437.html
   My bibliography  Save this article

Introduction Of Tools For Social And Economic Protection Of Operators And Consumers As A Part Of Destigmatisation Of Gambling

Author

Listed:
  • Stanislav Mykhailov

    (The National University of Water and Environmental Engineering, Ukraine)

  • Nataliia Savina

    (The National University of Water and Environmental Engineering, Ukraine)

Abstract

This paper delves into the critical topic of destigmatising the gambling industry by introducing social and economic protection tools for both operators and consumers. Gambling, especially in the online sphere, creates unique challenges and opportunities in the modern digital age. The purpose of this article is to highlight the principles and strategies needed to create a fair, ethical and stigma-free gambling environment. Methodology. To achieve this goal, this research takes a comprehensive approach. First, it examines the existing international consensus on recommended practices for businesses that engage in online consumer transactions, including non-monetary transactions. These practices have been condensed into six high-level principles that serve as a basis for creating policies aimed at protecting the interests of digital consumers involved in online gambling. The paper also examines these principles in the context of the gambling industry, with a particular focus on fair business practices, advertising and marketing in the sector. It also addresses issues related to online gambling, such as deceptive practices, lack of transparency and potential risks to consumer privacy and security. Results. This research provides valuable insights into the implementation of tools and measures that can effectively protect both gambling operators and consumers, as well as contribute to the destigmatisation of the industry. The six principles outlined in this paper emphasise fairness, transparency, access to information, transaction security, product safety and accessible dispute resolution mechanisms. By adhering to these principles, gambling operators can build trust among consumers and promote responsible gambling practices, which will ultimately contribute to the sustainable development of the digital gambling economy. Consumers, in turn, can confidently engage in online gambling, knowing that their rights are protected and their interests are respected. This document is therefore a valuable resource for policy makers, industry stakeholders and academics seeking to create a fair and ethical digital market in the gambling sector. By implementing the principles and tools outlined above, there is a significant step towards destigmatising gambling and ensuring a more responsible and safe environment for all stakeholders.

Suggested Citation

  • Stanislav Mykhailov & Nataliia Savina, 2023. "Introduction Of Tools For Social And Economic Protection Of Operators And Consumers As A Part Of Destigmatisation Of Gambling," Green, Blue & Digital Economy Journal, Publishing house "Baltija Publishing", vol. 4(3).
  • Handle: RePEc:bal:gbadej:2661-5169:2023:4:3:7
    DOI: 10.30525/2661-5169/2023-3-7
    as

    Download full text from publisher

    File URL: http://www.baltijapublishing.lv/index.php/gbdej/article/view/2189/2189
    Download Restriction: no

    File URL: http://www.baltijapublishing.lv/index.php/gbdej/article/view/2189
    Download Restriction: no

    File URL: https://libkey.io/10.30525/2661-5169/2023-3-7?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    gambling; socio-economic protection; destigmatisation; online gambling industry; consumer rights;
    All these keywords.

    JEL classification:

    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • F19 - International Economics - - Trade - - - Other
    • H22 - Public Economics - - Taxation, Subsidies, and Revenue - - - Incidence
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bal:gbadej:2661-5169:2023:4:3:7. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Anita Jankovska (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.