Unlawful activity: KSA imposes fine of €531,250 on Tipico for illegal online betting
The Dutch Gambling Authority, Kansspelautoriteit (KSA), has enforced a fine of €531,250 ($622,000) on Malta-based operator Tipico, for unlawfully providing online gaming websites.
The KSA discovered such games were being offered on the tipico.com website. A primary fine of €200,000 applied for this type of violation, which was then increased three times by €75,000. This is generated by taking these three accounts into consideration: Once for the bonuses on offer and the number of games and bets offered, once for the overall use of the inactivity fee, and lastly, once for offering live betting in the first place.
This type of betting carries a higher risk of forming an addiction in comparison to bets that can only be made prior to the start of a match.
Due to the age range of the players participating in the online gaming activity not being visibly verified, the fine increased for Tipico. The website is now unavailable and unreachable with a Dutch IP address. Since 1 October 2021, the Netherlands has made it possible to legally provide online games and gambling websites with a licence from the KSA. At the end of September, the KSA will then announce what companies are granted this access.
Earlier this year, in April, the KSA had already received 28 applications from operators seeking to offer online games in the country’s regulated market. Any illegal offerings will incur a fine, with a strict increase.