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The Italian betting exchange decree finally obtained the approval from the European Commission.
As previously reported the approval of the decree had been postponed to the 18th of May because of the detailed opinion filed by Spain. However, it seems that the green light from the EC has now arrived.
However, it is still unclear the future that this game will have in Italy since at the moment only two operators (Betfair and Microgame through Betdaq) seem to be interested in the offering of such game which is boosted by a taxation of 20% of gross revenues while fixed odd sportsbetting games are subject to a taxation of 2% to 5% of turnover increasing of a further 0.5 in case of offering of bets on events outside of AAMS official schedule (the Palinsesto).
Another factor which might make this game attractive (if confirmed) is the possibility for operators to rely on international liquidity while for all the other games and especially poker and bingo games operators are not allowed to allow their Italian players to play against foreign players. This internationally liquidity if introduced for betting exchange games might be the first step towards a major change in the Italian market allowing the sharing of liquidity at least among regulated markets like Spain, Denmark, France etc. for also other games.
We will see the future developments of the matter, in the meantime if you want to discuss about this topic, feel free to contact me, Giulio Coraggio.
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