The Netherlands is moving forward with plans to tighten regulations on online gambling, reports a recent article from FocusGN. The proposed new rules come as the Dutch government aims to protect consumers better and clamp down on illegal offerings.
The Netherlands opened up its online gambling market in 2021 under the Remote Gambling Act to regulate and control a market that unlicensed operators previously dominated. However, the Dutch regulator Kansspelautoriteit (KSA) has suggested the current rules need to be more stringent.
Specifically, the KSA claims some operators still use legal loopholes to target problem gamblers. The regulator highlights issues around bonuses and misleading advertisements as critical areas that need improvement. Stricter know-your-customer provisions are also under consideration.
The online gambling sector employs thousands of people in the Netherlands; more regulation could negatively impact jobs and tax revenues. However, consumer protection remains paramount for regulators like the KSA. Striking the right balance will be essential.
As a fellow regulated market, developments in the Netherlands offer valuable lessons for New Zealand and its year-old online gambling regime. While New Zealand lawmakers recently rejected proposals to ban gambling advertising, protecting against problem gambling remains an ongoing priority.
The full original article can be found here: https://focusgn.com/netherlands-prepares-to-introduce-stricter-rules-for-online-gambling/