Wednesday, October 30, 2024
spot_imgspot_img
HomeEconomyMalta makes suspicious betting reporting mandatory from 2021

Malta makes suspicious betting reporting mandatory from 2021

The Malta Gaming Authority (MGA) revealed the starting date of the new mandatory regulations following a consultation with operators after publishing its suspicious betting reporting requirements in May. The MGA said it intends to make available its Suspicious Betting Reporting Mechanism (SBRM) to all B2C-licensed operators on 1 November 2020. Even though the obligation to report suspicious betting will only be brought into force at the start of 2021, those operators who already report suspicious betting activity to the MGA, may begin submitting reports via the SBRM from November.

The authority said prior to the SBRM being made available, a manual on how to use the system will be provided to all B2C operators for ease of reference.

During May 2020, the MGA published a consultation paper in order to gather feedback on the proposed bringing into force of the Suspicious Betting Reporting Requirements together with other measures which the Authority intends to implement in support of its commitment to safeguard the integrity of sports and sports betting.

This consultation was open for a period of 7 weeks (ending on 15 July 2020), wherein industry participants and all other interested parties were invited to send their responses to the consultation paper and any other related matters. By the end of this consultation period, the MGA received a number of replies from betting operators, representative institutes, and international bodies.

The MGA is publishing the feedback received in order to provide a summary of the responses, together with the respective MGA feedback (click here). Consequently, in conjunction with this publication, the Sports Integrity Unit is also publishing an updated version of the Consultation Paper on Suspicious Betting Reporting Requirements & Other Sports Integrity Matters (click here), which will now act as a Guidance Paper to all MGA licensees on all matters relating to sports betting integrity and the MGA.

To develop your business project from Malta entrusted to the strategic advice of Malta Business Agency. Contact our offices by filling out the following form:

  •  
  • DISCLAIMER

    This article provides general information only and does not replace professional advice in any way. It is recommended to consult a qualified professional before making any important decisions regarding financial, legal or other matters. The author and the publication are not responsible for any errors or damages caused by the use of the information contained in this article.

    We are memberspot_img
    spot_img

    Related articles

    Assomalta protagonist at Naples Shipping Week 2024: at the forefront of Mediterranean development

    Transhipment, shipbuilding, maritime sustainability and technological innovation are at the centre of discussions at Naples Shipping Week, which will be attended by Assomalta for the development of the sector in the Mediterranean.

    Malta has the highest employment rate in the EU: 96% of recent graduates find work by 2023

    Malta leads the EU with an employment rate of 96% among recent graduates in 2023, demonstrating the effectiveness of its economic policies and job...

    Energy transition in the Mediterranean: collaboration between Malta and Sicily for a sustainable future

    Discover how Malta and Sicily are leading the energy transition in the Mediterranean. Innovative offshore wind projects and environmental sustainability at the centre of...

    Funding focus
    Discover the news in the dedicated section