Sign up for news

EGBA Reaffirms the Need for Regulatory Framework Standardization

9 September 2019, 09:23
Votes: 1

The European Commission has once again received the appeal from EGBA (European Gaming and Betting Association) regarding a standard regulatory framework implementation for iGaming throughout the continent.

EGBA Reaffirms the Need for Regulatory Framework Standardization

According to the European Parliament’s recent research online gaming’s inclusion into the EU digital single market could save up to $6,5 billion for EU businesses and consumers on an annual basis. This is possible to be achieved by updating the existing consumer protection system.

According to EGBA, such tools as payment- or geo-blocking push players to offshore betting websites. Besides, the problem of administrative duplication for EU companies would be solved via the creation of a single set of regulations for the iGaming sector.

It has been a long time since EGBA started urging EU legislators to adopt a standard rulebook for online gaming. Nevertheless, among the 19 member states, only Denmark had comprehensively introduced the European Commission’s protective measures.

As mentioned earlier, EGBA was expecting positive results in its lawsuit against the Norwegian government’s payment blocking.

Read more: Online Gambling Licenses in the European Union

Read more: GDPR Application Rules

Online Casino Market
Comments:

No comments

Now read
12 Jul
Up