MGA updates regulatory framework

Posted: Oct 08, 2021 13:38
Category: Casino, Europe, Land-Based, Regulatory, Sportsbetting,
Posted: Oct 08, 2021 13:38 Category: Casino, Europe, Land-Based, Regulatory, Sportsbetting,

The process of reporting and alerting suspicious betting activity will become more effective

Malta’s Gaming Authority has revised its regulatory framework in order to combat match-fixing and malicious wagers more effectively. The newest amendments on suspicious betting reporting requirements and the suspicious betting alerting process will allow the regulator to address licensees on reports of suspicion without disclosing its sources. However, the most significant impact of the adjustments will be the increased monitoring of suppliers. A statement from the MGA reads as following:

Commencing from 1 October 2021 the requirements now include licensees that offer a critical gaming supply relating to betting on sports events.

The review is said to allow a holistic review and evaluation of risks in the sector, and is described as beneficial to both the regulator, as well as operators and suppliers on the other side, as it will create a safer and more robust environment. All sides are called upon to fight malicious betting activity.

It allows for a more informed Maltese betting sector, further bridging together the Authority and its licensees in their collective fight against corruption in sports and sports betting.

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