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.
More than a year after the launch of the European Commission’s Green Paper consultation and with a Communication on online gambling expected in a matter of weeks, new research reveals the increasingly complex regulatory environment with which online gambling operators, regulators and governments need to come to terms.
Drawing on analysis and exclusive investigations by GamblingCompliance’s legal research team the 240-page report finds that during 2012 alone, 15 European countries have made changes to their online gambling frameworks and at least 8 more are reviewing how to regulate their online gambling markets. The report concludes that while there is a strong trend towards point-of-consumption regulations, valuable lessons are emerging into the success of countries’ attempts at ring-fencing their markets through combinations of payment processing, website blocking and advertising bans.
Market Barriers: A European Online Gambling Study 2012, a new and independent study provides a clear understanding of the legal, regulatory and operational issues at play as national authorities and European Union institutions tackle the issue of how best to regulate online gambling.
The report also highlights:
- 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).
Pauline de Zeeuw, Legal and Research Manager, Europe, says:
“We have found in compiling this report that, Europe’s online gambling map continues to be redrawn, there are a raft of emerging jurisdictions regulating this space and all do it in their own particular way, with varying levels of success. On issues such as taxation, product offerings and combating black market competition - there are lessons to be drawn from the experience of regulated markets.”
“Issues currently being discussed, such as regulatory cooperation, shared liquidity, integrity in sports and sporting rights, show just how far debates have moved in recent years.”
Laurie Korpi, Legal and Research Director, International, says:
“Our research finds that regulators and lawmakers are studying closely issues such as player protection, fraud prevention and the level of regulatory oversight required, and it will be interesting to see what the forthcoming European Commission Communication has to say on these issues.”
“While Europe is our focus, the topics covered are applicable to the US, to Australia and almost any other regulating market. How to stop the black market, which tools work and which don’t, and how to ensure a regulated market is best equipped to attract consumers and operators – these aren’t just debates for Europe. These are fundamental issues for the industry to tackle and this report is a snapshot of the European experience – the winner, the losers – and the effects of policy decisions on the industry.”
To download the Executive Summary of the Report click here or contact GamblingCompliance at firstname.lastname@example.org
GamblingCompliance.com helps clients and their advisers reduce exposure to regulatory risk by providing timely information on an advanced web-based platform, allowing clients to monitor, track and receive updates on regulation, best practice, sectors, geographies and competitors worldwide. GamblingCompliance also conducts research studies, such as Market Barriers: A European Online Gambling Study 2012, along with bespoke research.
To order a copy of Market Barriers 2012, or for more information on GamblingCompliance and our services, please contact GamblingCompliance on +44 (0)20 7921 9980 or go to www.gamblingcompliance.com.
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