Contrary to the USA, most European nations have adopted regulations for online sports gambling and offer a legal and secure environment for their citizens. The European Union is much more progressive when it comes to Internet gaming compared to other parts of the world, which has allowed the activity to flourish.
EU member states account for about 45% of the total sum wagered globally. The online betting industry as a whole is worth about $33 billion worldwide, meaning European gamblers are making up roughly $14.85 billion of the international online wagering market, which makes them the biggest regulated market in the world.
European Gaming Laws
While some member states were faster to adopt online gambling regulations compared to others, the EU authorities has strict laws governing free competition between EU nations and their taxpayers.
For awhile, many nations virtually disregarded these free-trade and commerce laws. Insteadthey legalized online betting in their own countries while outlawing or advising players to steer clear of overseas operators, therefore Implementing a state-run monopoly.
Blocking other EU member states from offering online betting services to taxpayers in the nation where the activity is legal breaks European law. The European Commission has fined many states and pressured them into compliance over recent years.
But nations like France and the Netherlands are still very much wider in contrast to other states, which allow citizens to wager at any certified gambling site from the EU. As of 2014, there continue to be ongoing legal conflicts in regards to the problem.
Even with the free trade and competition laws on the books, it’s important to keep in mind that every country still has their set of regulations and licensing requirements. Tax rates will vary as well.
In general, just about every single member state in the EU has some kind of legal online gambling. Online sports betting are offered by the vast majority.
More importantly, they provide better consumer protections in contrast to every other bodies in the world. If a player has a dispute with a gaming operator, their local gambling regulators will operate on the player’s benefit to make sure that the player is handled fairly. They’ll keep an eye on theft and fraud accusations by unscrupulous or unscrupulous online gaming sites.
This is a luxury that bettors countries where online betting is deemed prohibited or perhaps in a legal gray area will not be afforded. Should they have a dispute with an operator, they are still at the mercy of the website that holds their funds. There’s virtually nothing they can do from a legal standpoint.
Read more here: http://tvrpest.hu/wp/2019/09/26/nascar-phoenix-picks-best-value-bet-for-the-ticketguardian-500-at-ism-raceway/