The Kansspelautoriteit, or Netherlands Gaming Authority, has amended several rules ahead of the planned launch of their gambling market. This includes new regulations and changes to the rules regarding money laundering and match-fixing.
With the market due to open in April 2021, this is a fine time for them to be addressing such issues. Though these are amongst the first, it is likely that they won’t be the last we see emerging.
They previously updated the Act on the Prevention of Money Laundering and Terrorist Financing (Wfft). Previously, this had only applied to Holland Casino as they were the only license holders in the country. With new applications being made to run sites with casino games, this is likely to change.
The Remote Gaming Act is due to launch on the 1st of April, meaning operators will be able to apply for licenses that will allow them to offer casino games. Some of the new measures introduced by the Kansspelautoriteit will give operators the tools they need to fully comply with the Wfft regulations.
Concerns such as match-fixing, identification and verification of players, and crediting gaming accounts without undue delay have all been discussed.
As the Netherlands moves towards a more open and regulated gambling market, we are likely to see the rise of more changes and alterations to their existing gambling laws. The points that have been nominated so far are just the beginning.