FREE .COM with Annual cPanel Web Hosting Orders CLAIM OFFER
FREE .COM with Annual cPanel Web Hosting Orders CLAIM OFFER

KSA provides more information on online gambling license

KSA provides more information on online gambling license

KSA provides more information on online gambling license

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.

Related Articles

Recent Posts

NetShop ISP - 24/7 Global Hosting Support Coverage
tech startup

© Copyright 2004-2020 S.S. NETSHOP INTERNET SERVICES LTD trading as “NetShop ISP”. All rights reserved.

If you have found a spelling error, please notify us by selecting the text and pressing Ctrl+Enter.


Forgot Password? Click here

Not a Client Yet?

Spelling error report

The following text will be sent to our editors: