Netherlands submits gambling act to EC

It has taken the Remote Gambling Act close to four years to see a final version which could be submitted to the EC for revision and compatibility with European Union law. Signed by Dutch Minister for Legal Protection Sander Dekker, the bill bans the use of player databases that have been compiled prior to regulation.

Meanwhile, regulators at home have cautioned that should the EC clear the law, it may still take a while to implement it due to novel coronavirus-related delays. The Remote Gambling Act sets out the regulatory framework future licence-holders need to meet, including no prior ties to offering gambling products in the Netherlands without the necessary permit.

Players will also have to set their own maximum credit allowed on their accounts and bonuses will undergo specific restrictions. In addition, players will also be able to opt out of certain bonuses if they are not happy with the offer.

Gambling advertisements won't be allowed to run between 6 AM and 9 PM. Another prerequisite for running and hosting gambling operations in the country is to have all servers physically located in the Netherlands.

The Netherlands will insist on consumer-protection first, which means that the industry, when and if legalised, will be more similar to Scandinavian countries' gambling operations rather than markets such as the United Kingdom.

Meanwhile, players may continue to bet on trusted and safe gambling sites, such as Bitcasino.io and BitStarz from grey markets such as the Netherlands.

Many re-regulating countries are struggling with the fine line between a workable gambling system, and one that steers players outside of regulations. If the latter occurs, many quality crypto casinos that put player protection first are likely to win out.

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Written by Roman

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Roman is a big crypto enthusiast and a bigger sports fan, so crypto sports betting comes as a major interest for him. Has been involved with the gambling industry since 2017 and sees crypto as a major breakthrough for the payments side, specially beyond first world countries.