Germany Prepares to Modernize Its Online Gambling Regulatory SystemPublished November 1, 2016 by Florin P
Germany looks ready to make comprehensive changes to its Interstate Treaty on Gambling and harmonize its legislation with European regulations on online gambling.
Gambling legislation is being overhauled throughout Europe, to better regulate the industry without crippling it. Germany isn’t an exception and the nation has finally realized the importance of modernizing its gambling system. The online industry is the fastest growing and also the one in dire need of being sensibly, but effectively regulated. The leaders of 16 German states got together to discuss the best course of action. This is a big step forward, for a country that made few changes to its gambling laws since 2012.
The Interstate Treaty on Gambling Under Scrutiny
These regulations were implemented nationwide in 2013 and the 16 German leaders now contemplate the possibility of making amendments. One of the things that could change is the limit on the number of gambling companies in a local market. These discussions can have a two-pronged effect, on one hand in eliminating the cap, on the other opening the markets to online casinos.
Another change that will also have a direct impact on players is in regard to the monthly limit of €1000. The amount is expected to remain unchanged, but the difference is that now the cap will apply to loss rather than wagering limits. These decisions will make the German legislation more similar to its European counterpart. In fact, the lawmakers expressed their willingness to research the manner in which gambling laws are implemented continent wide.
German Legislators Under Pressure
It is no coincidence that German lawmakers decided to make these changes now. The Interstate Treaty on Gambling came under heavy fire in Brussels and within national borders. The Court of Justice for the European Union as well as the Fifth Chamber of the Administrative Court of Wiesbaden ruled against it. With the treaty being declared unconstitutional, Germany has no choice but to replace it with a better law.