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Virtual betting rules will protect kids

Island company receives unique licence

Recent legislation regulating virtual goods is aimed at protecting children and other vulnerable people from gambling, according to government.

So-called 'skins', which can be used to customise characters and equipment in online games, are being swapped online for money, and traded 'like casino chips'.  

It's a $5 billion global business - but has historically been a legal grey area, because of its popularity with gamers under the required age of 18.

ESP.Bet is the first company to receive an Isle of Man 'skin-betting' licence, under the proviso that it excludes underage players.

The Gambling Supervision Commission's deputy chief executive, Mark Rutherford, says regulation like this 'protects kids from themselves':

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