After numerous requests from customers, self-exclusion software provider Gamban announced that it will block access to certain platforms offering cryptocurrencies and stock trading to provide its users a higher level of protection.
Gamban’s self-exclusion software currently blocks access to thousands of gambling websites but will expand its reach to include several trading platforms. It is said that such platforms can lead to gambling addiction.
In its statement, such trading could trigger behavior similar to gambling. Gamban further said blocking the platform would give users the best chance of recovery.
James Forman, Gamban’s business intelligence officer said:
“Gamban not only blocks all types of online gambling, including black market products and crypto but also trading websites. One of the main differences between Gamban and 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 and block emerging threats such as esports and skins gambling that have risen to prominence during Covid-19.”
The decision to block crypto and stock trading platforms came after Gamban, in collaboration with veteran marketing agency A Game Above, to launch Yield Sec, an innovative solution that helps regulatory bodies and governments take action against illegal gambling.
Yield Sec will act as a technical and advisory tool enabling regulators to monitor and enforce their betting and gambling markets. The tool will have access to a real-time database of illegal black market gambling sites which is the largest list of its type in the world, according to A Game Above. Customers can use the software to create and update their own operator blacklists.