The Netherlands’ gambling regulator has released long awaited details about their plans for the newly licensed online gambling industry in the country.
The licensing process gets underway next July, and the regulated market is set to launch in January 2021. But today the Kansspelautoriteit (KSA) put out a statement that offers more detail on how that license process will be implemented.
According to the KSA guidance, applications for licenses will require an initial fee of €45,000 for each licence, and there will be no refunds in the event that a particular application fails.
Betting firms who want to enter the Netherlands market in January 2021 will be able to apply for four different types of license. These will be for casino games, sports betting, horse racing betting and what the KSA describe as P2P casino gaming, which refers to online poker.
The KSA also state that all applications have to be in Dutch, although an English translated copy can be submitted alongside the main request. To satisfy legal concerns, the KSA has asked the country’s Ministry of Justice to carry out ID verification and background checks on all firms.
Different criteria will be used to assess applications. In the case of casino licenses, the KSA will review the roster of games provided by an operator to ensure that the games are safe. The regulator will also asses the reliability of an operator, its governance and management structure.
KSA will also expect applicants to meet anti-money laundering and due diligence requirements before their license application is approved. And the regulator also warns all applicants that the new rules governing the online betting industry in the Netherlands will require all firms operating in the sector to give their customers access to a registry of Gambling self-exclusion.