Currently, it is a very busy time for the online gambling industry. More and more brands are being launched on the market and therefore providing players with more variety. As the industry is experiencing a rapid change, many countries are ready to embrace the online gambling market openly. One example is the Netherlands which has recently joined the ranks and is in the process of enacting regulations for the new Dutch market. Consequently, one of the leading operators Bet365 advised that fewer government restrictions should be brought in if the Netherlands want a prosperous market.
The Future of the Dutch Gaming Market
The Dutch government held a consultation where 17 industry stakeholders were invited to comment on its secondary regulations. Especially these secondary regulations will govern the Dutch e-gaming market. As a result of the consultation paper, Bet365 expressed its professional opinion on the topic. The online operator claims that the best thing the government can do is to impose fewer restrictions. By doing so the brand new market stands a better chance of thriving with its launch in 2021.
Bet365’s main argument was against the ban on betting on an event which is “under the dominant influence of one participant” and has “no overriding influence on the course or outcome of the contest.” This can potentially lead to players prevented from making specific bets in tennis, for example. On the other hand, such a denial can lead to an illegal online casino. Arguably, this will undoubtedly have negative repercussions for the whole market.
Examples of the Possible Consequences From the Restrictions
Let us give you an example with the oldest tennis tournament worldwide- Wimbledon. Bet365 claims that after examining the betting patterns for the 2019 men’s final at Wimbledon, the percentage of players placing in-play bets on the individual game is high. Imagine not being able to bet that Roger Federer will win the next game. Such a shame, isn’t it? This analysis shows a strong tendency amongst players to place such bets. Depriving them of this ability will not make them very happy, for sure.
In their argument, the operator suggested limiting betting on individual points only for low-rank tournaments such as those the ITF ones. According to Bet365, it is highly unlikely to manipulate Grand Slams tournaments. And we believe they have a point, as this will undermine the fair play within the tennis world.
The online casino went on further by giving some Golf examples. Rory Mcllroy and Jordan Spieth are likely to play together on the third day of the US Open Golf tournament. Even though these players are not directly competing with each other, a popular bet is regarding the head-to-head market between the players.
Lastly, Bet365 claims that the only constructive way to tackle sport integrity issues is by monitoring the betting. Likewise, there should be a license requirement that makes it a must for operators to report doubtful behaviour. In conclusion, a good way to achieve this is by having as little restrictions as possible.
More Regulatory Worries
In terms of the proposals on banning gambling advertising during live sporting events, the operator does not agree with them. According to Bet365, such bans will unfairly punish operators which have not to take bets from Dutch players before.
The brand went on saying that those new in the industry should have the chance of raising brand awareness without exposing the general public to their advertising. It proposed that the government can impose a limit on the size, placement of adverts, and content instead of a blanket ban.
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