LONDON, 9 August 2012 - Attempts at ring-fencing markets are having mixed results, finds GamblingCompliance’s new report Market Barriers: A European Online Gambling Study 2012.
- A patchwork of online gambling regulations – after surveying the 27 European Union member states, all European Economic Area member states, Switzerland and a number of countries on the EU’s doorstep, the level of disparity across jurisdictions’ regulatory frameworks becomes clear. No one jurisdiction is alike and the success of markets varies greatly across Europe.
- Attention is turning to how to create attractive markets – with some online markets having been functioning for a number of years there is evidence emerging on how best to attract both players and operators to regulated markets. Lessons are being drawn from the experiences of jurisdictions such as France, Italy and Norway. Questions regarding taxation rates and how to ensure competitive legal products are also leading the debate here.
- Debates are shifting at the European level - Under the auspices of Internal Market Commissioner Michel Barnier, the European Commission has become increasingly involved in online gambling debates, signalling a shift from legal debates before the Court of Justice of the European Union to more political debates at the European executive.
- Increasing regulatory and industry cooperation is re-focusing debates - in the absence of European-level legislation on online gambling, cooperation between some jurisdictions is emerging as a future cross-border regulatory tool. This is parallel to emerging industry-led initiatives such as a European Committee for Standardization (CEN) agreement on responsible remote gambling measures; and efforts to fight threats to sports integrity via the European Sports Security Association (ESSA).