Second consultations on deposit limits started in Spain
Date: 2023-09-04 Author: Kirill Zagoruyko Categories: EVENTS
In March, Spain approved the Royal Decree for a Responsible Gambling Environment, a new and tough gambling regulation that aims to protect customers from excessive gambling, as well as to protect young people between the ages of 18 and 25. Additional measures include a controversial ban on gambling advertising, which has raised concerns among stakeholders claiming it has slowed the growth of the gambling sector in Spain.
Despite the controversy, Spain is likely to have the most heavily regulated gambling market by next year. As part of the changes to gambling regulations, the Directorate General of Gambling Regulation (DGOJ) has confirmed the start of the second public consultation on the Royal Decree for a Responsible Gambling Environment.
The second consultation will last until October 16, 2023. During this time, the DGOJ is seeking input from gambling stakeholders on the proposed deposit limit system. This vital feedback is meant to help develop the new deposit system. By introducing limits on deposits, the government seeks to strengthen the existing system and ensure that all customers are protected.
The changes ultimately support the introduction of a deposit limit system, which is designed to ensure that online users cannot exceed a set threshold for a certain period. The new system is expected to cover all online gambling operators, ensuring that multi-account players cannot spend more than the pre-set deposit limit.
Country Strengthens Safe Gambling Rules
The new deposit limit system complements the existing responsible gambling tools. According to the DGOJ, the deposit limits confirm the government's commitment to protecting consumers and tightening safer gambling regulations introduced in recent years.
“Through this measure, an additional and complementary tool is created that facilitates self-monitoring of deposits made by members and therefore represents an improvement in player protection in line with the measures taken in the field of safe gambling. in recent years,” said the statement released by the DGOJ
The Royal Decree, applicable to the 17 autonomous regions of Spain, sets different deadlines for the implementation of the changes. One of the major changes in regulation is a personalized approach to individuals who are considered problem players. These online gambling customers will be sent personalized messages disclosing details of their monthly gaming activity. These consumers will be given 72 hours to respond to this message, and if they fail to do so, their accounts will be suspended.
Despite the controversy, Spain is likely to have the most heavily regulated gambling market by next year. As part of the changes to gambling regulations, the Directorate General of Gambling Regulation (DGOJ) has confirmed the start of the second public consultation on the Royal Decree for a Responsible Gambling Environment.
The second consultation will last until October 16, 2023. During this time, the DGOJ is seeking input from gambling stakeholders on the proposed deposit limit system. This vital feedback is meant to help develop the new deposit system. By introducing limits on deposits, the government seeks to strengthen the existing system and ensure that all customers are protected.
The changes ultimately support the introduction of a deposit limit system, which is designed to ensure that online users cannot exceed a set threshold for a certain period. The new system is expected to cover all online gambling operators, ensuring that multi-account players cannot spend more than the pre-set deposit limit.
Country Strengthens Safe Gambling Rules
The new deposit limit system complements the existing responsible gambling tools. According to the DGOJ, the deposit limits confirm the government's commitment to protecting consumers and tightening safer gambling regulations introduced in recent years.
“Through this measure, an additional and complementary tool is created that facilitates self-monitoring of deposits made by members and therefore represents an improvement in player protection in line with the measures taken in the field of safe gambling. in recent years,” said the statement released by the DGOJ
The Royal Decree, applicable to the 17 autonomous regions of Spain, sets different deadlines for the implementation of the changes. One of the major changes in regulation is a personalized approach to individuals who are considered problem players. These online gambling customers will be sent personalized messages disclosing details of their monthly gaming activity. These consumers will be given 72 hours to respond to this message, and if they fail to do so, their accounts will be suspended.
