Betting and online casinos operating companies in Europe encounter the challenge of adhering to diverse legal frameworks established by various jurisdictions. Each country within Europe has its distinct set of regulations and governing bodies overseeing the activities of iGaming operators. Notably, well-known jurisdictions like Malta and Gibraltar play a pivotal role in licensing these entities.
Additionally, many players seek information on how to avoid GamStop, exploring alternative platforms that operate under different licensing authorities while still ensuring a secure gaming experience.
Malta, for example, is one of the leading jurisdictions in Europe offering gambling and betting licenses. Here operate the Malta Gaming Commission (Malta Gaming Authority) and the Maltese financial service (Malta Financial Services Authority), which regulate and control the activities of operators. Gibraltar also has its own administration responsible for issuing and regulating licenses.
BetB2B, a prominent iGaming software provider in Europe, highlights the significance of understanding the unique characteristics and requisites of individual European countries. Some jurisdictions exclusively license betting companies, while others specialize in licensing online casinos. Thus, thorough knowledge of specific jurisdictional prerequisites is paramount for operators prior to commencing operations.
What you need to pay attention to when choosing a jurisdiction in Europe we will analyze in this material.
Jurisdiction Selection Criteria – BetBeB
- Tax policy
Different countries in Europe have different tax policies regarding gambling and betting. Some jurisdictions offer more favorable tax treatment for betting companies and online casinos in order to attract investment and help develop the industry.
For example, Gibraltar has a “Gaming Tax on Profits” system, where gambling and betting operators are taxed only on profits received from gambling activities. At the same time, other countries may apply higher tax rates or other forms of taxation.
- Player Restrictions and Requirements:
Each jurisdiction in Europe also sets its own rules and restrictions for players. Many countries have strict regulations to prevent gambling and betting problems, such as banning access to online casino sites or setting betting limits.
“Operators are required to comply with these rules and restrictions in each jurisdiction to prevent violations and ensure compliance with the law. This may include implementing self-restriction systems for players, identity and age verification, and working with organizations to combat problem gambling,” BetB2B noted.
- Consumer and data protection
An important aspect for betting companies and online casinos is player protection and data security. Various jurisdictions have consumer and personal information protection requirements that operators must comply with.
“For example, the European Union has the General Data Protection Regulation (GDPR), which regulates the processing of personal data of EU citizens,– comments a BetB2B representative, – iGaming operators must ensure compliance with the GDPR and take measures to protect players’ data. Jurisdictions also provide rights and recourse mechanisms for players in the event of disputes or unfair practices by operators.
- International activity
Betting companies and online casinos can also operate internationally and provide their services to players from different countries.
Some countries prohibit or restrict access to certain gambling and betting sites. iGaming companies must comply with these restrictions and geographic restrictions in order to avoid violations and sanctions.
It is necessary to take into account differences in language, currency and preferences of players in different countries in order to tailor their services and marketing strategies.
“These are the most important aspects that you should pay attention to when choosing a jurisdiction in Europe,” Bet B2B commented, “Whichever country you select for registering your iGaming business, strict adherence to all laws and regulations is essential. This guarantees legality, security, and compliance with industry standards.”
BetB2B reviews: solutions for the development of the iGaming industry
Gambling and betting are areas of iGaming that have a positive impact on the economies of countries and the global community. And in order to ensure further growth and understanding of economic advantages, it is necessary to establish clear market rules in all jurisdictions, develop appropriate legislation, as well as introduce new innovative technologies and solutions that contribute to the development of the economy.
BetB2B, with over a decade of experience in developing iGaming-focused software, offers an array of services to empower iGaming companies, from integrating API to providing all-in-one platform. Their solutions cater to diverse needs, guaranteeing automation and compliance with legal mandates.
The BetB2B team follows all current trends and goes through difficult stages of work in order to minimize technical risks in the implementation of any project and supports clients after launching business.
“Using our many years of experience, we continue to develop the necessary software,” adds a company representative, “To guarantee our clients full automation and optimization of processes in accordance with all legal requirements.”
More details can be found on the company’s website
