A large part of European countries have accepted the idea of having a licensed gambling industry over the past decade. The European market is facing increasing regulation pressures on areas such as player protection, anti-money laundering and know-your customer. Is this the beginning of “doom and gloom”?
BtoBet’s most recent industry report examines that issue. It looks at Europe’s progress to become the “epicentre for regulated gambling and betting activity”, and how it is shifting towards the internet.
The firm stated that this focus has been especially evident after the pandemic. Mobile betting is the main driver of growth in the sector.
BtoBet referred to data from VIXIO, which indicated that there were 22 European online gambling markets, each with “varying degrees of maturity” and year-on–year growth.
According to the report, “Over the past years the European market evolved so that today many European governments have established local licensing frameworks for online gambling regulation.
This has effectively brought “dot.com’ grey market activities under direct oversight of local regulators. The shift in Europe has undoubtedly made it the international center for licensed online gambling. It also greatly reduced the illegal and unregulated activity on the continent.
BtoBet focuses on nine markets in the report: Spain, France, Italy (France), Italy, Portugal, Portugal and Spain.
As it examines the regulatory situation of various verticals, the platform provider will discuss recent developments in all jurisdictions.
Download the complete report HERE