Poland has set stricter regulations to prevent illegal iGaming platforms to operate in the country.
Poland.- As Casino News Daily informed yesterday, Poland has set further regulations in the iGaming market in order to prevent illegal transactions. The European country has been holding a crackdown on unauthorised gaming platforms by joining the continent’s tendency of reinforcing the control over online gaming casinos and sports betting sites.
According to the Association of Employers and Employees of Bookmakers, the Treasury suffers big losses that reach US$1.4 billion every year in potential tax revenue because of the illegal activities. They said that until now, there have been extremely unfavorable conditions for bookmakers who are honestly doing business.
The Polish Gambling Act has taken effect in April 1, and there are more than 5 giants that said that they would be leaving the country: just a few days ago, EnergyBet said that its operations will come to a stop. Major brands as Betfair have already left the market as well. Meanwhile, the authorities have set a tax of 12 percent for iGaming operators.
“The new rules are also likely to increase the protection of players, including minors, from the negative effects of gambling and increase tax revenues from legal gambling. The Act, among other things, expands the list of games that can be offered on the internet, of which virtually all will be gambling,” said the Sejm in a press release when the regulation was approved by Polish legislators.