German operators unsure over transition period

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Updated September 21, 2022 | Published July 31, 2020

2 mins read

Some states have said that they might be, but nobody wants to jump the gun and say so, when the opposite might be true. On July 1, 2021, the country is implementing the so-called Glücksspielneuregulierungstaatsvertrag (GlüNeuRStV) or a new gambling act that will allow the country to expand its legal gambling offer beyond sports betting.

The new gambling act will extend a €1,000 spending cap established by the third amended State Treaty on Gambling across all verticals. One issue has persisted though, as operators are not entirely sure if they can offer sports betting products as per the third State Treat.

Some operations have been suspended already, with courts asking for a legal framework that would allow all parties involved to base their operations on legal grounds. The calls for a transitional period were first brought up in the state of Hessen.

In June, the Hamburg Ministry of the Interior and Sport also filed a complaint challenging igaming operations by number of established brands out there. While Germany is setting the details, there are many alternatives for players to explore.

Blockchain gaming operators offer a level of trust and reliability that you’d find amongst licensed operations, for example, those to come in Germany. CGN has reviewed a number of bitcoin and Ethereum casinos. Some of the trusted brands that offer a legitimate gambling product on the blockchain include Bitcasino and BitStarz. Both companies accept players from Germany at present, and if the country opens up, it will only cement their appeal to its citizens.

Germany previously eliminated payments involving Visa and Mastercard to conduct gambling transactions. The new regulatory framework has been long in the making.

Tudor

Works as a developer and helps keeps the digital cogs turning. Leave them alone, they're busy.

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