Malta Gaming Regulator First to Regulate DFS in Europe

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Malta Gaming Regulator First to Regulate DFS in Europe

Last Week, Malta’s Gaming Regulator Announced it Will Announce a Specific Skill Gaming Licence

The Malta Gaming Authority (MGA) made the announcement last week that it will allow daily fantasy sports to be exempt from the requirement of a gambling licence. With the announcement of a skill based licensing infrastructure in Malta the new DFS in Europe will more than likely call in new operators to the market.

 

MGA is hoping in terms of licensing and regulation to show the difference DFS has in terms of knowledge of fantasy sports than that of games of chance. It seems that licensing and regulation will be based on a the recent Fantasy Sports (Exemption) Regulations, 2016, ”Fantasy Sports” and, or ”Fantasy Sports Game” which is similar to the US Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA).

”MGA’s team had foreseen the rise of a future Skill Game industry in Europe a few years ago. ‘Malta has proven to have a very competitive jurisdiction because of its pragmatism and its ability to adapt itself quickly to the sense of history.”

”This legal notice is the first step in a process that will see Malta become the first major European country to offer a real skill game licence. It is therefore a very exciting moment for our industry and for Malta. Malta being the first major European country to offer a skill game licence means it will attract the attention of the entire European DFS market and place itself firmly at the forefront of the DFS revolution.” –  Valery Bollier, CEO of Malta-based operator Oulala.com

The Maltese gaming regulator is said to have been working on the licensing framework to regulate skill-based games which includes fantasy sports. There are a set of rules in the works as well which will help determine whether a game is a ”Skill Game” or a ”Controlled Skill Game”.

According to the announcement the framework is expected to be passed by the end of 2016.

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