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Germany’s New Online Rules And Regulations For Gambling
Germany’s gambling has been very strict and complicated. Still, the introduction of the updated Treaty on gambling (“ISTG 2021”) on March 12, 2020, gives new licensing possibilities to those in the online gaming industry. This fantastic news will push the current ban on online slot machines and poker that have only been operating out of one state, Schleswig-Holstein. You can study more about it from Wildz online casino. This new treaty will also outline rules on gambling advertising, licensing conditions, and tax rates.
What Are The New Regulations?
Germany’s online gaming has been restricted over the past, and changes had to be made hence done by the heads of state in 2020 and come to effect on July 1st, 2021. The restrictions were placed to protect the players and to prevent gambling addictions. Limitations include limits for spin-stakes, strict advertising laws, slot machines restrictions, and limits on in-game sports betting.
1. Account Verification
Players’ accounts need to be verified properly and ensure the credentials given are of the player. This will be the work of the provider to check and confirm the details. This prevents fraud and other crimes from taking place. To set up the gaming account, a player shall register with the organizer with further information of first name, last name, date of birth, place of birth, and the residential area. Organizers will then verify the accuracy of the information. A unique feature is that the authority will set up a file to which all providers must report and join. Clients may use other people’s identities, but when they get to be verified, it prevents identity theft as those caught are black listed.
2. Slot Machines
Having that, the slot machines were quick to give the game results; they are now required to spin and last for a minimum of 5 seconds, and the maximum stake for each to be capped at €1.00 per game. Any player that wants to play the most popular game will face restrictions on jackpots.
3. Advertising
Although there’s a positive side to the new rules placed, there are still minor restrictions. Online gambling platform advertising is not allowed between the hours of 06:00 and 21:00. The German states hope that this restriction will help and not impact the lives of the young generations because they are vulnerable, and these sites may take advantage of them. Also, minors should not be their target audience.
The new advertising law also prevents the platforms from the cross-advertising, meaning they can’t promote their casino while the player is playing another game.
Advertisements about online gaming should also not be misleading as well as promotion of gambling. Directed advertising via texts and calls is also limited, according to the new treaty.
4. Sports Betting
A limit has been placed at a maximum of €1000 per month, and they will be monitored by the service providers. Betting is allowed on the outcome of the game and the events that take place. Live betting is also allowed, but the rules are not clear about it yet. Sports betting on the occurrence of illegal behaviour or the sanctioning of unlawful conduct is not permitted.
5. Online Operators
Over the years, the law has been turning a blind eye to the illegal operators who have been operating above the law, but according to the new treaty, they won’t be overlooked.
Online operators should update their systems according to the new laws made and ensure they abide by them.
6. Licensing
The regulations around licensing state that companies with licenses will operate across Germany. The permit will be valid for five years.
According to the ISTG, by 2021, private companies can apply for licenses to offer virtual slot machines, sports betting, and online poker. For an online gaming site to be approved, it has to have three aspects: valuable consideration, determination of winnings, and a chance to win.
A new body will be formed that will be based in the German state of Saxony-Anhalt that will act as a gambling regulator. This body will be responsible for issuing licenses.
7. Opposition Will Be Involved
This agreement represents a compromise that will unify Germany with Sweden and the Uk. German players used to gamble under the European Union license that sees the money being gambled.
Through the treaty, online companies wanting to operate in Germany can but have to apply for a specific license and have a base in Germany. They’ll have to employ German speakers to communicate with players and would pay taxes.
8. Payment Transactions
Unlicensed gambling will not be participating in payment transactions. The supervisory body will issue orders to prohibit the payment transactions and be banned and prevented from participating in payments. Deposits and withdrawals via anonymous means of payment such as bitcoins are not allowed.
Other Regulatory Requirements For Online Gambling in Germany
- Record the suspension of players in the suspended player’s database that’s also called the black list.
- Comply with data protection and storage requirements.
- Implement and regularly monitor their IT security concept.
- Ensure exclusion of minors and suspended players through appropriate technical procedures.
- Uses a technical system that records all the data required for the gambling supervision that stores data digitally.
- Transmit information to the joint law enforcement authority to maintain a central limit database to ensure compliance with online gambling regulations.
- When playing, the player has to pay a minimal amount issued by the state and not more than that.
Take Away
For the new treaty to be effective, time must pass, and the results will be seen. But they’ll have to make sure German sites are more attractive. Although there’s competition from other online companies, allowing them to do business in the country is a win-win situation as they have to pay their taxes and the licensing fees. Companies should seek advice and consult with experienced German legal professionals before proceeding with the new rules and regulations.
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Win tickets to the BLAST Premier Fall Final: GG.BET is running a MEGA BLAST Competition for fans of СS2
From 26 July, all GG.BET users can get involved in the new MEGA BLAST Competition with a €10,000 prize fund. The winner will receive two tickets to the BLAST Premier Fall Final CS2 tournament, taking place from 27-29 September in Copenhagen. To enter, you need to place bets on Counter-Strike 2 matches.
BLAST Premier Fall is a major series of Counter-Strike 2 tournaments which draws in millions of viewers from all over the world every year. The series consists of three stages: Groups, Showdown, and Finals. The Groups stage sees 16 Tier-1 teams duke it out. Only 6 of these can go on to compete in the final, while the rest will battle it out in the Fall Showdown for two additional spots in the final. BLAST Premier Fall Finals will be the concluding stage of the Fall series, and fans can look forward to electrifying action, heart-stopping twists and turns, and an epic $425,000 prize fund.
From 26 July to 4 August, as the Groups stage rages on, GG.BET will be holding its MEGA BLAST Competition. The winner will get their hands on two tickets to attend every day of the BLAST Premier Fall Finals. As well as these tickets, the bookmaker is also giving away a whopping €10,000 prize fund to the top 40 participants in the MEGA BLAST Competition.
How to take part in the MEGA BLAST Competition:
- Register an account with GG.BET or log in to an existing account.
- Go to the tournament page and press “Participate”.
- Place bets on Counter-Strike 2 matches. Every bet you place will earn you a certain number of points, based on the odds.
- Rack up points, keep an eye on the leaderboard, and wait for your winnings to roll in.
Bet on your favorites and get ready for some unforgettable fun! Head over to GG.BET right now so you don’t miss your chance to enjoy a festival of Counter-Strike action in Copenhagen.
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MANCHESTER CITY TO MARK GLOBAL PARTNERSHIP WITH SUPER GROUP-OWNED BETWAY AT THE NEW YORK STOCK EXCHANGE
Manchester City has today announced a new multi-year partnership with leading global online betting and gaming brand, Betway.
As part of the club’s pre-season tour of the United States, and to mark this significant deal, leading figures from Manchester City and Super Group will be on-site for the iconic NYSE bell-ringing ceremony later today. Ferran Soriano, CEO of City Football Group, along with Neal Menashe, Super Group CEO, will ring The Opening Bell at 9:30am EDT.
The agreement will see Betway become the club’s Official Global Betting Partner from the start of the 2024/25 season, as Manchester City joins the brand’s extensive sports sponsorship portfolio which includes teams from across the Premier League, La Liga, NBA and more.
Ferran Soriano, City Football Group CEO, said: “We are pleased to announce Betway as our Official Global Betting Partner today. As a globally recognised brand, Betway has a strong pedigree and history of working with high-profile brands within the sports space and we’re excited to work together throughout the partnership.”
Super Group CEO, Neal Menashe, commented: “We are absolutely delighted to become Manchester City’s Official Global Betting Partner. This agreement cements our place in the top tier of Premier League partners, ensuring that our Betway brand reaches fans in all corners of the globe.”
Throughout the duration of the partnership, Manchester City and Betway will collaborate on a number of activations and exclusive content opportunities, in addition to the brand featuring across digital and in-stadia assets.
Manchester City and Betway will also work together to provide all players, coaches, management and staff in-depth, industry leading training on all relevant codes of conduct relating to betting integrity and responsible gambling. This is in addition to the work Manchester City already does to support players and staff in this area.
The Opening Bell ceremony can be viewed live.
Compliance Updates
Acquiring a Curacao Online Gaming License in 2024: Comprehensive Analysis of Financial & Procedural Aspects with Costs & Timelines Detailed
The “Acquiring a Curacao Online Gaming License, 2024: Comprehensive Analysis of Financial & Procedural Aspects with Costs & Timelines Detailed” report has been added to ResearchAndMarkets.com’s offering.
This report includes valuable insights into the financial and procedural aspects, including detailed information on costs and timelines associated with acquiring a Curacao license.
In 2023, Curacao introduced the “Landsverordening op de kansspelen” (Ordinance on Games of Chance) to modernize and regulate gambling legislation. Since March 2020, the Gambling Control Board (GCB) has been authorized to regulate offshore gambling games and oversee the issuance of Curacao licenses. As of 2023, there are 16 companies providing legal services for registration and licensing in the territory of Curacao. The license fee, as per GCB regulations, is 36,000 ANG or 19,800 USD, payable upon license issuance.
Research Timeline and Data Relevance
The research was conducted in two stages. The first stage, studying the regulator and Open Data Search, took place in December 2023. The second stage, writing the report and partially updating the data from the first stage, took place from the end of April to the end of May 2024.
Goals and Objectives
- Describe the information about the Curacao license and the issuing regulator.
- Describe the requirements and conditions for obtaining a Curacao license.
- Describe the costs and timelines for obtaining a Curacao license.
- Briefly study the market, find and suggest the following lists:
- Legal companies offering services for company registration and obtaining a Curacao license;
- Communication agents and integrators working with the Curacao license;
- Suppliers and vendors working with the Curacao license;
- Payment systems working with the Curacao license.
Key Topics Covered:
1. Goals and Objectives
2. Research Timeline and Data Relevance
- Document Markup
- Raw and Combined Data
- Terms & Glossary
3. General Information
- The Regulator
- Registration of Operators With Sublicense
- Application for an Online Gaming License
4. Requirements and Conditions for Obtaining a License
License Conditions
- General Prohibitions
- Safe and Secure Environment
- Equipment and Application Software
- Player Registration
- Payment Transactions
- Games
- Terms of Use
- Resolution of Complaints
- Administrative Responsibilities
- Publicly Available Information
- Reports
- Policies and Procedures
- Suspension and Revocation of License
- Additional Conditions
- Supervision
Recommendations or Minimum Requirements for the Business Plan
5. The Cost of the License
6. Decision Term and the Validity of the License
7. Application Method and Forms
8. Contact Information
9. Companies for Registration and Licensing
10. Integration Companies
11. Suppliers and Vendors
12. Payment Systems
13. META
14. Appendix: Terms & Glossary
For more information about this report visit researchandmarkets.com/r/izeo6g
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