Malta announces new regulations
The local gaming authority created new regulations for skill based games.
Malta.- The Malta Gaming Authority (MGA) announced the creation of new regulations for skill based games. The regulator also established that from now on daily fantasy sports (DFS) will fall into the controlled skill games category.
After the announcement, MGA said that all operators are eligible to apple for a Controlled Skill Games license, DraftKings being the first one to get one to operate its DFS services in Germany. According to the association, the new license can be legally used in countries that haven’t explicitly said that DFS falls under an existing legislation. DraftKings co-founder and CEO Jason Robins, said: “We are excited to embark on this important phase of our international expansion. We are pleased that Malta has recognized the need for special licensing of daily fantasy sports and other skilled based games.”
“The Malta Gaming Authority is an innovative organization and it is clear that they have put a lot of thought and rigor into this process,” he added. Furthermore, the new license enables DraftKings to extend its platform to EU jurisdictions where local regulators have not required further licenses and where sports betting have not been banned.
MGA’s regulation establishes that a game of skill is the one where skill plays a more predominant role than chance, although a considerable amount of chance still exists in the game, such as certain board games and card games. MGA considers that DFS presents a lesser risk than traditional gambling.
