🇩🇪 Black Market Remains a Challenge for Gambling Operations in Germany 7️⃣🚨

🇩🇪 Black Market Remains a Challenge for Gambling Operations in Germany 7️⃣🚨
Germany continues to face challenges in a local market that has been regulated and legalized, but the impact of the black market remains significant.

➡️ German Regulator Highlights Achievements and Challenges in 2024
The German Gambling Regulator (GGL) has released its annual report, showcasing notable progress in key areas such as:

⛔️ Prohibiting and blocking illegal websites

💸 Imposing fines on violators

🌐 Implementing geo-blocking measures

🤝 Collaborating with tech giants to ensure compliance with national gambling laws

➡️Looking to the future and facing internal challenges
Despite the progress, the GGL acknowledges that the black market remains a central concern. Many illegal operators still dominate part of the market, undermining channelization efforts toward regulated platforms.

➡️ To address this, the regulator:

📝 Commissioned a new study to obtain concrete data on channelization rates in the country.

🌐 Seeks international collaboration with foreign regulators to better understand trends and practices of illegal operators.

While strict regulations are in place, the GGL has faced criticism from industry stakeholders, who argue that it underestimates the black market's scope. Nevertheless, the regulator is committed to leveraging accurate data to develop informed and effective strategies moving forward.

#Gambling #Regulation #BlackMarket #GGL #Germany

🏦 Payouter.com — looking for traders for processing in 🇮🇳 India: P2P, P2C, Intent. We are waiting for you