EU Unveils Online Gambling Mission

Written by:
Gilbert Horowitz
Published on:
Oct/22/2012
EU Unveils Online Gambling Mission

The European Union on Monday unveiled plans to improve safeguards for money laundering activities via online gambling websites.

The EU mission also looks to prevent match fixing while protecting players against fraud.

From Bloomberg News:

The European Commission will also speed up probes into whether national restrictions on online gambling firms are legal in a bid to clarify market-access rules for the industry, according to an EU official.

The measures will be included in an action plan for the online gaming and betting industry to be published tomorrow by Michel Barnier, the EU’s financial services chief, said the official, who asked not to be identified because the plans aren’t yet public.

The European High Court has reviewed a series of cases brought on behalf of online betting companies to determine whether state monopolies can legally block them from operating freely across the 27-nation region.

Ironically, the Brussels-based Commission is based in a nation, Belgium, that has been among the most aggressive when it comes to blocking foreign wagering firms from operating within its borders.  Belgium has even gone as far as to impose a “black list” of operators. 

Nations like Belgium and Germany tend to justify the curbs on the basis that they are needed to protect citizens from gambling addiction and to prevent crime, according to Bloomberg News. 

- Gilbert Horowitz, Gambling911.com

Lock-Poker-091312L.jpg

 

Gambling News

New Betting Markets Released July 22

New betting markets are mostly political in the wake of Joe Biden exiting the 2024 race and include a Fox News debate between GOP nominee Donald Trump and likely Democratic nominee Kamala Harris as well as whether Biden makes a public appearance by Wednesday.

Entain Appoints New CEO

Top Trending Stories - Kamala Harris Odds - Kamala Harris VP odds - WSOP Winner Controversy - Dominic Matteo - Philippines Online Gambling Crackdown

Syndicate