In the aftermath of a fresh research submitted to the ‘ Internal Market and Consumer Protection Committee ‘ of the European Parliament, the European Gaming and Betting Association (EGBA) has repeated its call to European policymakers to introduce a binary of guidelines for the online gambling industry.
The EGBA continues its mandate to support a cross-border European online betting agenda, specifying that the present regulatory circumstances are “hamstrung by a patchwork of national rules.” The study found that the deepening of EU Digital Single Market Directives to include online gambling could provide savings of almost € 6 billion.
The EU reports assess the advantages of current’ Digital Single Market (DSM) ‘ measures and outline prospective financial advantages for people and companies through further deepening of these policies.
It was stated that by including the online gambling sector, the EU could potentially generate € 5.6 billion per year in social welfare and consumer benefits, said to be worth € 20 billion per year in the DSM.
This follows from the recognition by the European Commission of the need to develop more coherent consumer protection five years earlier, with a latest inquiry finding that only one Member State had fully enforced the suggestion.
Various levels of consumer protection are one area that the EGBA has continuously described as difficult, with gaps apparent owing to 28 distinct sets of domestic gambling policies that differ widely and generate unnecessary domestic obstacles.
In addition, the group emphasises that enforcement instruments such as geo and payment blocking measures are jeopardising player safety by forcing customers to bet websites operating outside EU jurisdiction and reach.
The EGBA thinks that both could be considerably increased by introducing a single set of laws that are applicable across all Member States to assist better control online gambling operations and drive consumer protection norms.
Maarten Haijer, secretary-general of the EGBA believes: “Introducing a single set of rules for online betting in the EU makes perfect sense – it would improve the regulation of the sector, save significant money for both consumers and companies and help better protect consumers.
“That is why EGBA is calling on EU policymakers to ensure that the digital single market benefits the 12 million Europeans who bet online.”