Online gambling is about to become legal in Germany
Online gambling has been tolerated so far, it is not legal. In order to tackle the black market, the federal states want to legalize gambling on the Internet – but with strict rules.
After lengthy negotiations, the federal states have agreed in principle on an extensive reform of the German gaming market. This envisages allowing previously illegal games of chance on the Internet such as online pokers like https://99misi.co/, or online casinos in the future.
Strict rules for player protection
Strict rules for player protection are also planned. In the future, gamblers with self or third party blocking are to be recorded. This applies to online casinos, online poker, and sports betting. The central supervisory authority should record the lock file which will be introduced.
Providers need to keep all game data available to the authority for control purposes – this is supposed to check whether the sequence of the games has been manipulated to the detriment of the gamers or whether regulatory restrictions have been violated.
Live Betting Restrictions
The approval for the organization of sports betting, online poker or virtual slot machine games is to be granted by the responsible gaming authority with effect for all countries. Sports betting is to be expanded significantly. Event bets will be allowed according to the draft however there should be limits on live bets in view of the danger of manipulation.
To protect players and the financial consequences of gambling addiction, deposits should be limited to 1,000 euros per month. Possible winnings can be played against the limit without counting them.
The black market is booming
The billion-dollar gaming market in Germany has got into trouble in recent years. The black market is booming, state lotteries, in particular, are losing income – and the state is high in tax revenues. So far these are not regulated and gambling offers are part of the black market that do not have a license in Germany but do have one from another EU member state. According to German law, they are currently illegal. In fact, the majority of these offers, like online poker and online casinos, are largely tolerated.