3 things you must know about the Dutch gambling industry

9 - 3 things you must know about the Dutch gambling industry

The Netherlands is one of the countries in the world that has been touted as the most progressive when it comes to economic and cultural liberties. However, this progressiveness usually comes into question when the Dutch government is assessed in terms of its responsiveness with regards to the gaming industry with a specific focus on gambling.

Up until recently, the Dutch government enjoyed a monopoly in the gambling industry as it was the sole service provider for Dutch gamblers. However, following the proliferation of online gambling platforms and pressure from local bettors, a new licensing system has been introduced to allow both Dutch and foreign betting websites to operate in the Netherlands legally.

With the introduction of this new gambling law, here is a list of 3 things you must be aware of about the Dutch gambling industry.

The Dutch lawmakers are actively trying to regulate gambling operators

Over the years, Dutch lawmakers have made various unsuccessful attempts to regulate online gambling as they attempted to introduce legislation to block payments to foreign bookmakers. Because it’s literally impossible to control online gambling, players in the Netherlands continue to enjoy betting freely without government interference. However, following in the footsteps of Denmark and the UK, the Dutch government has now introduced a Gambling Act in an attempt to modernize the gaming industry. This act is another attempt to control gambling operators as lawmakers attempt to allow for increased competitiveness inthe market.

There is no actual restriction on online gambling

In as much as Dutch lawmakers have made attempts to regulate online gambling, there is no specific law that forbids it therefore gamblers in the Netherlands are unlikely to find themselves facing any legal issues as a result of their online gambling escapades. The only downside to this is that gamblers are equally not protected from online bookies therefore increasing their exposure of falling for online scams. This is part of the reason that lawmakers pushed for the passing of the Remote Gambling Act which seeks to protect Dutch gamblers from fraudulent bookies by imposing heavy fines. The only question is how practical will the implementation of this law be for considering that many of the online bookies don’t fall under the Dutch jurisdiction.

Online payment methods are still active in spite of government attempts to block them

In spite of government attempts to block online transactions that involve bookies, most global payment platforms still remain active as payment service providers as well as Dutch banks continue to ignore the government and continue to facilitate transactions between Dutch gamblers and online bookies. This is a testament of how difficult it is for government to regulate online gambling.

The newly introduced Gambling Act in the Netherlands is not likely to have much impact on the gambling industry with a specific reference to online gambling due to the nature of the industry, but it’s definitely going to offer an element of protection to Dutch gamblers. It remains to be seen how the Dutch government will make bookmakers outside Dutch borders to play by Dutch rules.

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