Italy’s gaming regulator has lengthened the leash it holds on its licensed online sports betting operators.
Italian gaming regulator AAMS recently announced it would allow licensed sports betting operators more independence to settle certain types of wagers starting in March 2016. However, the Easter Bunny has come early and AAMS has now told operators they can enjoy their new freedoms immediately.
For years, AAMS strictly limited what types of wagers its licensed operators could offer, while results of these wagers had to be certified by AAMS before operators could pay winning bettors. AAMS lightened up a little in 2013, allowing operators to offer a wider variety of wagers, but still required operators to wait for AAMS certification on the old list of betting types.
Operators had long complained that AAMS was slow as molasses in certifying the results of certain wagers, like lower-tier league results. This delayed operators’ ability to pay winning bettors, which made the offerings of international operators not holding an Italian license appear more attractive to Italian bettors.
AAMS has also given operators the green light to offer even more exotic bet types, with a few restrictions; for instance, bets would require a certifiable outcome. Operators will also be prohibited from offering bets based on the outcome of court proceedings, the private lives of individuals, or on events that run contrary to public morality and public order. So basically, Paddy Power’s entire prop bet menu.
Read more: Italy Cuts Online Sports Betting Operators A Break | Online Gambling News : CalvinAyre-com
That's great for all Italian player but what about us in the US!!
There are lots of sites where we still can play at!
That's great for all Italian player but what about us in the US!!
There are lots of sites where we still can play at!
Italian gaming regulator AAMS recently announced it would allow licensed sports betting operators more independence to settle certain types of wagers starting in March 2016. However, the Easter Bunny has come early and AAMS has now told operators they can enjoy their new freedoms immediately.
For years, AAMS strictly limited what types of wagers its licensed operators could offer, while results of these wagers had to be certified by AAMS before operators could pay winning bettors. AAMS lightened up a little in 2013, allowing operators to offer a wider variety of wagers, but still required operators to wait for AAMS certification on the old list of betting types.
Operators had long complained that AAMS was slow as molasses in certifying the results of certain wagers, like lower-tier league results. This delayed operators’ ability to pay winning bettors, which made the offerings of international operators not holding an Italian license appear more attractive to Italian bettors.
AAMS has also given operators the green light to offer even more exotic bet types, with a few restrictions; for instance, bets would require a certifiable outcome. Operators will also be prohibited from offering bets based on the outcome of court proceedings, the private lives of individuals, or on events that run contrary to public morality and public order. So basically, Paddy Power’s entire prop bet menu.
Read more: Italy Cuts Online Sports Betting Operators A Break | Online Gambling News : CalvinAyre-com