Sports wagering to receive updated guidelines as of July 2021.
The new gambling regulations come into effect on July 1, 2021. These changes will apply to both casinos and sports betting platforms seeking a German gambling license. Some modifications have gained approval, while others remain under debate. Here's a rundown of what sports enthusiasts can anticipate from July 1.
A review of the implemented changes
While the new gambling agreement does not introduce revolutionary changes in the sports betting sector, some adjustments have been made. One such change is the introduction of a maximum monthly deposit limit. Players will be allowed to deposit a maximum of €1,000 in a month. This ruling cannot be evaded by some betting providers, as they are required to maintain a record of deposits in a designated file.
Another significant alteration will present obstacles for several sports fans. From July 1, it will no longer be permitted to log into multiple betting portals. This means logging into a competitor's platform will result in a ban. This measure makes it more challenging to execute "sure bets," which involve consistently winning bets through taking advantage of different betting odds provided by various bookmakers.
A "sure bet" typically requires placing bets on numerous games with different bookmakers, resulting in a guaranteed win for the sports fan.
The eSports betting market and virtual betting will be abolished
The growing eSports betting market has also been affected by these alterations. It was once possible to wager on games like League of Legends, DOTA2, and Counter Strike. However, with the new German gambling license, eSports betting and virtual sports events will no longer be accessible in Germany.
Following this announcement, many bookmakers have decided to remove these services from their platforms. Betting on eSports and virtual sports is set to become unavailable on the German betting market in the future.
Other ideas are under consideration
The deposit and login restrictions are just the beginning in terms of ensuring player safety. The current debate revolves around several other potential changes that are being met with considerable opposition in the betting scene. Customer dissatisfaction is particularly high, as many of these modifications would impose significant constraints.
Will live betting be restricted for German punters?
Live betting is a popular feature offered by various sports betting providers. It allows punters to place bets on games that have already started. This feature might soon be a thing of the past if some politicians have their way.
There's ongoing discussion about possibly removing popular live betting options like "under or over" bets from the live offer. These bets enable sports fans to wager on various events in a game, such as the number of goals, corner kicks, fouls, or cautions.
The "over" bet is placed to bet that a specified number will be achieved, while the "under" bet is used to bet that the number will not be reached.
Player protection is a priority for the new gambling regulations
Although these changes are necessary to ensure that gambling can be legally conducted in Germany, there have been continuous restrictions imposed by the state that gambling providers were unwilling to accept. Anyone who placed bets with a foreign-licensed bookmaker was in a legally ambiguous situation.
One change that has already been implemented is the inclusion of a "panic button." Sports fanatics and slot machine enthusiasts can block themselves from placing any further bets or spins on a machine by clicking this button for 24 hours.
Systematic monitoring of gaming behavior
A file is being developed to track players' activities. There has been much discussion about the compatibility of the General Data Protection Regulations (GDPR) with this file. The state of Hesse, responsible for implementing the licensing of betting platforms, is developing an online query system.
This system will record various data, including logins and all bets placed by a sports fan. This file is intended to verify compliance with new laws by both betting fans and bookmakers.
The "Online Abfrage Spielerstatus" (OASIS) initiative is still under development. Upon completion and activation, this system will serve as an early detection and blocking system for gambling addiction across all bookmakers.
Low number of licenses granted forces some betting portals to exit the German market
The initial statement issued by the state disclosed that only 20 gambling licenses will be provided for the German market initially. This decision has prompted several bookmakers to opt out of the new regulations, resulting in their exit from the German betting market.
Providers such as Mr. Green informed their German bettors of their decision: " Due to the recent alterations in gambling laws in Germany, Mr. Green is shutting down all German sports betting activities immediately."
Some betting sites might even shut down their registration for German players. As a result of the "GEO blocking", German sports enthusiasts will no longer have access to foreign websites.
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Source: www.onlinecasinosdeutschland.com
