Germany Establishes New Sports Betting AssociationPublished October 2, 2014 by Sol FH
New German Sports Betting Association launches with illegal sports betting in its crosshairs.
German punters and online gambling aficionados will be happy to know that the newly formed German Sports Betting Association (DSWV) will work to make online sports betting more sound. A number of the leading domestic and international betting companies with operations in Germany have overseen the launch. This new organization will focus on encouraging legally stable sports gambling, while combatting gambling addiction, illegal sports betting and match fixing.
Waging War on Illegal Sports Betting
Ladbrokes, Betfair, Admiral Sportwetten, BetterBet, Cashpoint,Mybet, Deutsche Sportwetten, Hillside (New Media), Tipico, Stanleybet and World of Sportsbetting are the 11 founding members and have dedicated themselves to the cause. Many of these companies were granted with federal sports betting licenses earlier in September, while others were not so lucky.
Companies that failed to receive licenses launched legal appeal's calling the licensing process "chaotic" and the fact that only 20 licenses were granted in total is unfair and needs to be changed.
The German state of Lower Saxony is one of the main naysayers for online gambling. They continually urge credit card companies and banks to block transactions with gambling sites that continue to operate even after orders to 'cease and desist'. Over 100 international gambling sites offer full services in Germany against the wishes of German authorities.
Dark History of Betting
The legality of sports betting in Germany has long and sometimes dark history with some industry heads calling the market completely unsound. The goal of the new association is to reassure punters and decision makers that safe betting is attainable.
Chair of the Committee on Economics and Energy Affairs, Peter Ramsauer, gave his praise and well wishes upon the establishment of the new association.“This association is an enrichment and a strong ally in the war against illegal gambling and addiction,” Ramsauer said.
Former Mybet CEO, Matthias Dahms will be at the helm of the DSWV and Dirk Quermann, CEO of Merkur Interactive and Hans Wolfram Kessler, General Counsel at Tipico will fill the Vice President roles.