Regulator Publishes Ordinance Regulating Payment Transactions in Fixed-Odds Betting

Posted by & filed under Articles and Publications.

Today, the Secretary of Awards and Betting of the Ministry of Finance (the “Regulator”) issued the Normative Ordinance SPA/MF No. 615 (“Ordinance”), which establishes the rules that will govern the conditions and obligations involving payment transactions in fixed-odds betting. Firstly, the Ordinance mandates that all financial movements between bettors and betting operators—including deposits, withdrawals, and…