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KSA provides more information on online gambling license

KSA provides more information on online gambling license

NetShop ISP

NetShop ISP · Blog Author

Nov 13, 2019 · Uncategorized

In a statement made on The Kansspelautoriteit (the Ksa, Netherlands gambling authority) website, the regulator has released further information on the upcoming igaming licenses to prepare applicants for the licensing process. 

Although online games of chance are currently prohibited in the Netherlands, this will change once the Remote Gambling Act (Wet Kansspelen op afstand) comes into effect. Despite the fact that the exact date on which the Act will enter into force is unknown, the Netherlands is set to open a regulated online gambling market in January 2021 and aims to bring secondary regulations governing the market into force from 1 July 2020. Licenses can be applied as soon as the legislation enters into force.

The application for the license will cost €45,000 and if not granted, applicants will not receive a refund. All applications must be written in the Dutch language and a translation into Dutch must be included with all other official documents. 

The license will be granted only in the cases where they are fully completed, the identity of the applicant is clear, payment has been made, the operator is able to offer its services in a responsible, reliable and verifiable matter and a policy plan setting out how the operator will ensure its employees have appropriate knowledge of the Netherlands’ gambling laws and regulations is submitted. 

Operators applying for the License must also not have been declared bankrupt in the past, have suspended payments or had assets seized and take appropriate measures to ensure that the players’ funds are separate from working capital. 

Additional guidelines were given regarding marketing strategies, strategies to combat gambling addiction and compliance with Dutch consumer protection laws and the Terrorist Financing Act.

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