Italy’s ADM to Issue More eSports Licenses
It has today been announced that Italy’s online gaming and betting regulator, Agenzia delle Dogane e dei Monopoli (ADM), is set to issue further eSports licenses in order to channel the vertical to the regulated betting operators working in the country.
This move follows the continuous increase in popularity that eSports is gaining, with betting operators attempting to attract potential eSports bettors to their websites in a bid to cross-sell them into their ‘traditional’ sports betting offerings.
The first batch of new eSports licenses will cover the ‘DOTA 2’ and ‘League of Legends’ franchises, and will be regulated under the betting decree of July 2013 on sports and other events as identified by the licensees and verified by the ADM.
Valerie Peano, partner at the Rome-based law firm EGLA, said that the 2013 decree placed “limitations on the types of bets that could be placed: the nature of the bets must not include any sort of violent, indecent or discriminating offer. Therefore, eSports instigating violent behaviours and/or any kind of discrimination will not be accepted”.
Licensed operators will list the eSports events that they will be offering markets on, and the ADM will add the events in the betting schedule along with the real-time results through the national central system.
“As a general rule, licensees shall submit a technical report to detail (i) the eSport event/s, (ii) the bet/s to be included within said customised betting program and (iii) the results certification modalities of the event through two different sources of information, one official (e.g. federations) as well as (iv) the licensee’s system description for relevant data registration and storage,” added Peano.
Licensees will also have to offer solutions to facilitate access to information by the regulator, particularly to live events, so that it can carry out monitoring and inspection activities. ADM will also maintain authority over betting integrity issues as well as the risks associated with irregular betting patterns.
Related vacancies:Fraud & Paymentsdiscover Junior Account Manager - Gaming | Trustly Group ABdiscoverAccount Manager - Gaming | Trustly Group ABdiscover