AI Summary
Sign in to listen

Germany moves to classify prediction markets as illegal gambling

The topic will likely come up again in the Autumn Europe Regulators Roundtable, too.

1 min read
A magnifying glass with the text
Key Points
The GGL attended the latest European Regulators Roundtable
Representatives from Germany, Italy, Austria, Spain, Portugal, the UK and France were in attendance
Germany is planning a cross-state working group to declare prediction markets as illegal

The Gemeinsame Glücksspielbehörde der Länder (GGL), or the German Joint Gambling Authority, has updated its priorities after attending the European Regulators Roundtable on 21 and 22 May. 

The GGL sent Nadja Wierzejewski, Head of the Combating Illegal Gambling Department, to meet with representatives from Italy, Austria, Spain, Portugal, the UK and France.

The European Roundtable is an opportunity for different authorities to exchange information, thoughts and the effects of different regulatory changes. 

It seems likely that one of the topics covered was a €250,000 ($294,091.25) penalty payment that was delivered to German rapper Capital Bra. 

After the individual had eluded authorities, the GGL turned up at his concert in Wiesbaden to deliver the penalty in person.

The Italian regulatory authority, Agenzia delle Dogane e dei Monopoli (ADM), took the lead as the host and delivered a presentation on its activities, monitoring systems and cooperation mechanisms to combat match-fixing.

There was also a discussion regarding the advertising restrictions for gambling offers in Italy. 

A particular focus was allocated to prediction markets and the way the product interacts with respective national legal systems. 

The GGL concluded that: “With regard to the fight against illegal gambling offers, to which prediction markets are to be assigned according to German law, a cross-state working group will be organised.”

In other Deutschland news, German health insurance fund DAK-Gesundheit has launched a new gambling awareness course in the state of Saxony-Anhalt for teenagers and young adults aged 14 and over. 

The course aims to raise awareness of risks in schools, as well as in open and residential child and youth welfare facilities.

Good to know

As for the next Europe Regulators Roundtable will be hosted by the GGL, meaning that representatives will descend upon Halle an der Saale later in the autumn to discuss matters once again

Reaction Board

Set Global Gaming Insider to be your preferred search result

News Analysis

View All
Early exit analysis 1

Player injuries in betting: What happens when an athlete is forced to leave the field?

With frustration around early player exits mounting from bettors, sportsbook operators both in the US and UK have introduced new means of protection for those stung by the injury bug.

5 min read • • By Kirk Geller
Ethical-gaming-lead-image

Special report: The commercial perception and reality of ethical gambling today

In an in-depth report featuring multiple expert contributions, Global Gaming Insider unpicks the past, present and future of ethical gambling, examining what exactly it means to be a responsible actor in the modern gaming industry.

30 min read • • By Will Underwood
grant tribal

Tribal casinos: Profitability, floor optimization and the long-term impact of prediction markets

Tribal casinos are still growing revenue every year but facing profitability pressure, according to Wipfli's recent report exploring Tribal gaming. Grant Eve, a Partner at the company, discusses margin trends, floor optimization and technology, as well as the impact of AI... and prediction markets.

8 min read • • By Tim Poole

In The News

View All
Missouri Sports Betting July
[ELEVATED IMPORTANCE]

Missouri sports betting revenue increases 59.4% during July, handle reaches $246.8m

Online sports betting in Missouri accounted for $21.2m of the state’s total revenue for July and increased 59.4% month-over-month, while retail revenue grew 58.9% to $584,275.

· Legal & Regulatory + 5