According to the latest legislation news, Hungary is about to revamp its online gambling laws. Two pieces of draft regulations, aimed to liberalize the sports sector, were presented to the Parliament this week. The new laws will allow private companies to provide online gambling services in Hungary, effectively ending the monopoly of state-owned company Szerencsejáték Zrt on remote sports betting.

Under the current regime, which was put in place in 2014, only brick-and-mortar gambling ops can obtain online or licenses in Hungary. And state operator Szerencsejáték Zrt singlehandedly provides online services.

In 2017, Kindred Group applied to the European Court of Justice (CJEU) for a right to operate in Hungary via its Unibet brand. The Court ruled in favor of Kindred, stating the Hungarian regulatory framework contradicts principles of the EU law. In 2018, CJEU made the same judgment to the benefit of Sporting Odds.

The draft laws №2022/66/HU and №2022/67/HU, aimed to create a new licensing regime for online and games of chance, are based on these CJEU rulings.  The draft legislation is set to come into effect on January 1, 2023, after the approval of the Parliament.

What changes will the new legislation bring?

Under the new regulations, a private operator has to meet the following requirements to get a Hungarian online gambling license:

  • be based in the European Economic Area (EEA);
  • have a minimum share capital of HUF1 billion;
  • provide a guarantee of no less than HUF250 million;
  • have no less than five years of experience in the iGaming sector.

The applicants will also pay a HUF600 million fee to the State Treasury. The iGaming tax rate is yet to be determined.

The draft law doesn’t limit the number of licenses that can be issued. However, the gambling ops that were operating in Europe illegally since 2012 won’t be able to apply for the permit.

Additionally, the legislation aims to create a player protection plan and establish the principles of responsible play.

Read more: How to get an online license in Ukraine?

Read more: Online guide to gambling laws in Europe

Game terbaru Data SGP 2020 – 2021. terbesar yang lain bisa diperhatikan secara terjadwal lewat pengumuman yg kita umumkan pada web itu, lalu juga dapat dichat kepada operator LiveChat pendukung kami yang menjaga 24 jam On-line buat meladeni semua kebutuhan para pengunjung. Yuk segera gabung, & kenakan cashback Buntut dan Live On the internet tergede yg nyata di web kita.

Similar Posts