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Ireland greenlights the Gambling Regulation act
The Irish government has recently authorized the publication of their gambling regulation legislation which is set to transform the country’s gambling regulatory capabilities.
The bill will set the legislative foundation for a gambling regulatory organization that focuses chiefly on the safety and well-being of the general public. The future regulator will have the capabilities of controlling various aspects of gambling in both online and retail variations, as well as the industry’s promotional campaigns on all platforms and verticals.
One of the regulator’s first courses of action will be the establishment of three gambling license types for all companies in the sector. Those are going to be the business to business, business to customer and the “charitable reason” licenses. These three will be replacing the current system, which is a fragmented system that involves multiple government bodies and certifications.
Furthermore, the regulator plans to introduce a nighttime-only limitation for all gambling advertisements as well. The current arrangement is to allow them from 21:00 to 05:30.
Lastly, the government plans to have the regulatory body fully deployed and operational sometime in 2023.