The Dangers of Cryptocurrency and Trading Platforms

With our aim to give our users the best chance at recovery, we're blocking access to platforms that are or could become problematic for many of them. 

The Rise of Trading and Cryptocurrencies

format_quoteWhile some may argue that trading is a decisive choice, making qualified and knowledgable investments, however, for many this is not the case. format_quote

In the Gambling Act 2005 gambling is defined as betting or staking of something of value, with a consciousness of risk and hope of gain, on the outcome of a game, a contest, or an uncertain event. By these standards, trading could be considered a gambling grey area.

While some may argue that trading is a decisive choice, making qualified and knowledgable investments, however, for many this is not the case. 

Gamban Blocks Trading Sites

With the rise of Stock Trading Apps, many more people are trying their hand at the market. This newfound accessibility is driving more people to experiment with trading and for some unfortunate few, it’s becoming a problem.

We've taken it upon ourselves to block access to these types of sites to protect those who may not be considered problem gamblers, but in fact, show many of the same symptoms. 

“Gamban not only blocks all types of online gambling, including black market products & crypto but also trading websites. Trading can often elicit gambling like behaviour, so as a result and at the request of our customers we block access” James Forman, Business Intelligence Officer (customer experience) at Gamban.

 

The Gambling Grey Area

Over the last few years, many different types of cryptocurrencies have entered the mainstream and recently have become synonymous with trading and gambling. Following this, we've also decided to block cryptocurrency trading and gambling platforms as well. We aim to give our users the best chance at recovery, blocking access to platforms that are or could become problematic for many of them. 

“One of the main differences between Gamban & Self-Exclusion schemes is that we are not required to integrate with websites in order to block access to them. This means we can move quickly & block emerging threats such as esports & skins gambling that have risen to prominence during Covid19.” James Forman, Business Intelligence Officer (customer experience) at Gamban.

If you're struggling with any of these issues try Gamban free.

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