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New Skill Game Licensing Regulations
NEW SKILL GAMING LICENSING PLANNED BY MALTA REGULATOR
Draft proposals currently with European Commission.
The Malta Gaming Authority (MGA) has followed up on its skill games consultation last year by drafting new regulations permitting the licensing of such games, which have been submitted to the European Commission.
In essence, and subject to operators meeting the defined parameters of the regulations, the new licensing initiative will create a fresh category of licensing, enabling daily fantasy sports operators to apply for "light touch" regulation in Malta.
The MGA is awaiting EC approval, but hopes this will be forthcoming, making it possible to issue the new licenses some time next year.
In the interim, the MGA has issued a legal notice that exempts DFS from the Lotteries and Other Games Act with effect from August 1, 2016.
The MGA definition of DFS reads thus:
”Fantasy Sports” and, or “Fantasy Sports Game” means a contest played for money or money’s worth whereby the winning outcome is determined predominantly through the skill or knowledge of the player, and where the results are determined by the accumulation of statistical results of the performance of a number of individuals in sporting events, but shall not include the forecast of the score, point spread or any other future occurrence of one or multiple events, and for the avoidance of doubt, the definition of a “bet” as defined in the Act shall not be applicable.”
The MGA has warned that operators aspiring to obtain the new licensing, which will be recognised throughout the EU, will have to show that they are responsible and honest.
Whilst rummy is included in the present skill games definition, poker is not, but the corollary is clear, and operators stand a good chance of convincing the regulator that the vertical should be classed as a skill game, or at the very least a mixed skill game.
For example, one of the tests for skill games that the regulator has suggested in its position paper may be appropriate posits that games where "a skilled player is able to win more than 56 percent of matches," are games of skill rather than chance.
Operators could also point to a precedent in the Supreme Court in India, which has defined rummy and poker equally as games of skill.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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