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Germany Encouraged to Change

The German online casino gambling and betting markets is one of the handful of European markets that solidly remains protected and operating a monopoly despite requests and pressure from the European Commission for more fair and open policies. The 2006 German Interstate Gambling Treaty made headlines when the government began enforcing the blocks and bans last year. All of the German states previously agreed to stand behind the Interstate treaty, but now are balking because of the revenue potential and safety of a larger and competitive gambling market that welcomes competition from offshore companies. In the past few months several German states have expressed a keen interest in new gambling regulations, this request is now backed up by the request sent by the Olympic Sports Federation and Bundesliga.

The German government has no choice now but to consider these new requests for an open and legalized online casino and betting industry. There are certainly no guarantees for immediate change to the German regulations, but the gamblers and the gambling industry are hopeful that positive changes will come from the powerful request of the major football leagues and teams. The fact is, Germany’s online casino betting market is very poor because of the monopoly – the betting odds are non-competitive and the small pool of gamblers makes wagering on major sports events and games a lot less exciting than it could be with proper competition.

The other major point acting in favour of the request for a regulated online casino betting market is the fact a more diverse and regulated market will make the market a safer place and lower the likelihood of corruption within the sports industry, a fact that can not be emphasized enough nor overlooked.