SIGN UP LOG IN
 

Regulation of the online betting and gaming market

Published by

June 19, 2019 2:19 pm

Regulation of the online betting and gaming market

The gaming industry is bringing more and more games onto the market every year that impress players worldwide. But it’s no longer just PC or console titles that are addictive for a whole generation.

Mobile gaming and micro-transfers are letting young people in Germany invest more and more time and above all, money. Just a few days ago, the young talent Miles “Mulz” Skorpen took the floor. He had bought coins for the FIFA Ultimate Team from a third party and was therefore banned by EA SPORTS. The latter apologized and stated that he had already invested more than 5,000 US dollars for his squad. Even though the 16-year-old could be an upcoming star in FIFA heaven, this story shows how much pressure and desire there is to spend money virtually.

According to health insurance companies, there are many gambling addicts in Germany. The figure is expected to be around 500,000. However, the number of unreported cases is likely to be much higher. The mobile gaming sector, in particular, can only be monitored to a limited extent, and almost everyone has a smartphone in their pocket today. Especially tempting in this area is the “free” games of the Free2play model. For the most part, they pursue the concept of implementing catchy game mechanics and quickly integrating the player into a “strudel of action”.

After a short time, however, progress is only possible with real money, or the game becomes unbearably tough. In Germany alone, the Free2play model generates more than half a billion euros in sales per year. This means that this game model accounts for 97 per cent of the revenues in the Appstore. Possible payment options range from a few cents to more than 100 euros. Also, real money is used to buy virtual things that are often generated randomly. Thus the player does not necessarily get what he expected for the money or what helps him in the game.

Therefore it is more and more important to write the protection of minors in capital letters. After years of dispute, the federal states have now recognized this and are implementing their plans to regulate the betting and gambling market. First steps are, for example, the evaluation of play halls. Thus no more may settle in the closer surrounding field of a school or must close, if available. But also the offerers of sports bets and online Casinos will have to act in the future after exact rules, to be allowed to offer their services in Germany.

Personal responsibility and clear communication

Children and young people must be protected from such practices. The first bans on such practices are in place in Belgium. Other countries are also examining the legal application of such measures. Nevertheless, online casinos are a daily part of leisure activities for many adults.

More News

NBA Playoffs 2020: Los Angeles Lakers expose Houston Rockets for Russell Westbrook's serious shooting problems

NBA Playoffs 2020: Los Angeles Lakers expose Houston Rockets for Russell Westbrook's serious shooting problems

It is the terrible cover sheet for a Russell Westbrook whose match with Houston Rockets has always been problematic. Now…

Online satellites for MILLIONS Europe are running at full speed

Online satellites for MILLIONS Europe are running at full speed

In the currently very hot summer, the King's Resort offers almost weekly poker events of the extra class. The next…

Illegal online gambling: banks cannot justify themselves

Illegal online gambling: banks cannot justify themselves

Payment service providers are prohibited from participating in transactions related to illegal online gambling. But now the Leverkusen District Court…

State Treaty on Gambling: Are online casinos now legal?

State Treaty on Gambling: Are online casinos now legal?

The confusion about the legal situation of online casinos in Germany is great. Is gambling legal and if not, then…

ESL Pro League: BIG and Sprout against top teams challenged

ESL Pro League: BIG and Sprout against top teams challenged

BIG and Sprout start into the ESL Pro League. The German CS:GO teams meet strong opponents. BIG plays against FaZe…

Poker Masters Final - Chiplead for Chris Hunichen

Poker Masters Final - Chiplead for Chris Hunichen

The Poker Masters 2019 in Las Vegas are drawing to a close, and the grand finale in the form of…

The big kickoff to the eSports Festival 2019!

The big kickoff to the eSports Festival 2019!

On Thursday the long-awaited eSports Festival 2019 started and all participants were already on the verge of getting their hands…

Gambling achieves 50 billion Euro turnover in 2018

Gambling achieves 50 billion Euro turnover in 2018

The Association of Gaming Equipment Manufacturers has published figures for 2018. The study focused on the importance of the gaming…

Casino Fraud: Prosecutor Prosecutes

Casino Fraud: Prosecutor Prosecutes

15 months after the casino fraud became known, the public prosecutor's office in Hof has now brought charges against the…

Leon Tsoukernik wins €1,372,500 in the slots

Leon Tsoukernik wins €1,372,500 in the slots

While in Great Britain deposits with a credit card were blocked, and Ireland and Spain could follow, the WSOP announced…

Erik Seidel at the 2020 Aussie Millions Main Event final table

Erik Seidel at the 2020 Aussie Millions Main Event final table

It was to take just over 14 hours to determine the final table of the Aussie Million A$10,600 Main Event…

Recap: Natus Vincere and Team Vitality move into the semi-finals

Recap: Natus Vincere and Team Vitality move into the semi-finals

The first day of the ESL One Cologne 2019 Playoffs brought all spectators two rather fast games. Both Team Vitality…

World Series of Poker Europe: Espen Sandvik wins Event 5
World Series of Poker Europe: Espen Sandvik wins Event 5

Tonight also saw the end of Event #5, the €2,500 8-Game Mix Tournament of the 2019 World Series of Poker…

Team Liquid defeats Astralis on Vertigo - G2 wins in front of a home crowd
Team Liquid defeats Astralis on Vertigo - G2 wins in front of a home crowd

The playoffs have already started, and the matchup between G2 Esports and FaZe Clan was a real spectacle, at least…

NBA: Los Angeles Lakers beat Houston in the finish
NBA: Los Angeles Lakers beat Houston in the finish

With a strong last quarter, the Los Angeles Lakers dominated Houston (112-102). Also, took the lead two to one in…

WERDER ESPORTS CUP WILL ENTHUSE 450 PEOPLE
WERDER ESPORTS CUP WILL ENTHUSE 450 PEOPLE

Marcel Schwarz from Team AOK won against 100 opponents and won the first edition of the WERDER eSPORTS FIFA19 Cup…

Dota2: Nigma winning Bukovel - #2
Dota2: Nigma winning Bukovel - #2

After a bumpy group phase and difficult playoffs, Nigma made the final at WePlay! Bukovel Minor. Sunday night the first…

E-Sports: New prize money record at
E-Sports: New prize money record at "The International"

The world championship in the fantasy strategy game Dota 2, "The International", has once again broken its prize money record.…

Austrian wins 3 million at Fortnite World Cup
Austrian wins 3 million at Fortnite World Cup

David "aqua" Wang is going home after this weekend as a millionaire. The 17-year-old Austrian won the World Champion title…

Blizzard working on Overwatch 2 - Stop Starcraft Shooter
Blizzard working on Overwatch 2 - Stop Starcraft Shooter

There's news from Blizzard. A well-informed journalist has found out that they are working on Overwatch 2. For gamers, this…

Police burst into an illegal poker game
Police burst into an illegal poker game

After an anonymous phone call, the officers approach a raid on a pub. Five out of eight gamblers are convicted,…

Woman finds lottery ticket on-road and wins 12 million
Woman finds lottery ticket on-road and wins 12 million

In France, money was on the street: a woman found a lottery ticket worth 163 million euros. Then an odyssey…

Mybetting Deals Tools

Surebet by BetBurger

Surebet by BetBurger

BetBurger is a service focusing on arbitrage bets, also known as sure bets. It turns sports betting into an investment.

Matched Betting by OddsMonkey

OddsMonkey

OddsMonkey offers matched betting services with features to enhance your profits with the best betting offers.

Live Sport Results and Statistics

Live Scores

Always keep ahead of the sports betting game with our real time results and statistics!

2000+ Free Slots

Play the best online slots and your favourites from the biggest developers for free right here!