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Proposed Czech Law to Allow Foreign iGaming Operators

Proposed Czech Law to Allow Foreign iGaming Operators

There is good news for gamblers in the Czech Republic as earlier this month lawmakers approved a bill that would allow foreign iGaming companies based in the EU and the EEA to provide services within the country.

The proposed laws would introduce a 35% tax on online casino games and a 23% tax on sports betting. It also lays out ways to protect from problem gambling and gambling addiction. The bill calls for a national exclusion database which would allow individuals to block themselves from online gambling.

The bill would give the Czech Ministry of Finance the authority and responsibility to prevent any unlicensed operators from providing services by blocking their websites. It would also ban payments from and to unlicensed websites. The law now has to be approved by President Miloš Zeman and the earliest it is likely to come into effect is the beginning of next year.

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.

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