The Latest Regulatory News from France – Shared Liquidity Agreements Set for Early 2017
France has some new regulatory updates. Back in May, the country seen the approval needed for three amendments to online gambling, otherwise known as the Digital Bill. One of the three amendments is for ARJEL, local gambling regulator, to authorize partnership agreements with other European Union member jurisdictions and states to be able to share liquidity for online poker.
If the changes do come into effect the ARJEL will have the authority to offer gambling operators with gaming licenses of the Article 21 district. This will allow players the opportunity to participate in circle games of poker with other players from other parts of the European Union. Currently the only two circle games that are verified are Omaha Poker and Texas Hold’em.
The proposed changes could happen or could not happen. This is all up to the French Senate. The French tax system has significant differences when comparing to the European Union. This may be an obstacle that prevents the changes from happening. There are several hurdles with the house committee that the changes must overcome first.
Early 2017 is the expected date when and if everything works how it’s supposed to, see the share liquidity agreements. Spain and Portugal have already expressed interest with sharing poker liquidity with France.