Compliance Updates
Dutch Gambling Regulator Imposes €531,250 Fine on Tipico
Dutch gambling regulator Kansspelautoriteit (KSA) has imposed a fine of €531,250 on Malta-based Tipico Co. Ltd. for illegally offering online games of chance to Dutch consumers.
The online games of chance were offered via the tipico.com website. A starting fine of 200,000 euros applies for this violation. The fine was increased 3 times by 75,000 euros: once for the bonuses on offer and the large number of games and bets offered, once for the use of an inactivity fee and once for offering live betting.
This form of betting carries a higher addiction risk than bets that can only be made before the start of matches. Furthermore, the fine was increased because the age of the players was not visibly verified. Tipico’s website can no longer be reached with a Dutch IP address.
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