The European Union has been struggling with the rules for online gambling with numerous attempts to get member nations to comply with trade regulations regarding internet business. While there is a basic platform established by the European Commission that tries to safeguard the integrity of sports and preventing match-fixing the issue of compliance of national regulatory frameworks with laws of the European Union persists. These laws are in place to protecting gambling consumers, minors and those prone to problems and to prevent fraud and money laundering.
The gambling market within the European Union is estimated to be about 84.9 billion euro annually and is growing at approximately 3% per year which as governments in many of the jurisdictions looking to gain revenue in taxes and licensing fees from the online gambling industry.
Poland is latest member country to liberate the gambling industry there with the approval of Poland’s new amendment to gambling laws. It has taken over a year to pass the legislation. The Polish authorities first submitted a draft of the gambling law amendment to the European Commission in 2014. The draft was amended again in January 2015 using information gathered by the Subcommittee for Controlling the Budget Implementation, and was finally approved by the President of Poland, Bronisław Komorowski recently.
The amended laws have opened the door for foreign operators who may now as long as they are in line with the Polish regulations to offer their products. President Bronislaw’s office released an official statement saying, “Under the present legislation the following activities: card games, dice games, gaming machines, cash bingo, betting and lottery audio texts can be carried out only in the form of a joint stock company or a limited liability company, established on Polish territory.” Companies that are part of the European Union or European Free Trade Association are welcome to apply for licenses.