International edition
September 26, 2020

The entity will have power of control

Spain will create a State Agency to regulate online gaming

(Spain).- According to a document ellaborated by the Department of State of Finance and Budget for the future gaming law, in the following months a State Agency will be approved with the aim to regulate the online gaming market, which lacks of regulation and licenses to operate in Spain.

O

n top of establishing the regulation of the different games of chance, the functions of this new State Agency will be to call to tenders, grant the operating licenses, homologate the technical systems used and solve the claims from participants against operators.

However, the main thing according to this document, is that this new regulator will have power of control and capacity to “take measures to prevent illegal gaming, especially in the frontiers.” This way, it will be able to block the illegal activity, financial transactions and advertising campaigns.

In the document, it details the following very serious infringements: “The development or promotion of illegal gaming, the manipulation of technical systems, loans to participants, the manipulation of the results of bets and to facilitate technical support to illegal operators”.

Online gaming moved in Spain 350 million euros in 2008, according to the Spanish Association of Internet Bettors, a number that is very far from the 10,048.25 million collected by State Lotteries and Gambling (LAE).

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