Currently, the Netherlands is trying to find a way to start a regulated gambling market. As of now, it seems that the new licensed local market would be launched in the Q1 of 2021 and applications are starting by the end of this year.
However, this might not be the case, as the country has pushed away the time for finishing regulations multiple times now. In the first days of speaking about a regulated market, it was rumored that the regulations would start being enforced in 2019.
Once the market opens, it will be a completely fresh market. It can also be the case that the Netherlands will be the next big thing for Pay N Play style casinos. Currently, there are mainly three markets that use Pay N Play. These three markets are Finland, Sweden, and Germany. The Dutch people will probably start using a more localized term, such as snelle uitbetaling casino. It means “fast withdrawal casinos” in English.
What do we know about the new Dutch regulations so far
The Netherlands’ gambling administration has distributed guidelines supporting the new rules set in the Remote Gaming Act, with parliamentarians now ready to submit remarks on the proposed rules.
The guidelines set out in the Remote Gaming Act will tell how administrators are relied upon in the Netherlands. They will also tell about the essential conditions casinos should follow to operate in the Netherlands.
Casino operators will be qualified for five-year licenses, with Dutch betting controller, Kansspelautoriteit (KSA), to settle on an ultimate conclusion on applications within six months from receiving them.
Licenses will cover shared casino games (for example, poker), where the players bet against the house, sports betting, and betting on horses.
For sports betting, licensees may not offer chances on youth or novice rivalries, or on occasions that are viewed as simple to control. Moreover, the sports on which betting can be offered will be controlled by a boycott, which will incorporate all sports, which are not secured.
Just as the standard on candidates’ fidelity and the requirement for characterized strategies to forestall illegal tax avoidance, maintain brandishing uprightness, and tackle betting enslavement, the guidelines express that players must not be allowed to bet utilizing credit.
Currently, we will have to wait and see what the future will bring to us. Hopefully, the new regulations will be finalized soon, so that the operators and affiliates can adjust accordingly before the market is opened.
