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Hungarian licence-based gambling options from the 1st of January


psrquack
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As title said, it will be a change of the current system.

"The current monopolistic online sports betting regime in Hungary will soon face re-regulation and the introduction of a licence-based liberalised system from 1 January 2023.

  • Operators wanting to operate betting sites in Hungary must have at least five years of experience running online sports betting or an online casino operation.
  • Online betting sites must hold a share capital of £2.4m (€2.8m)
  • To offer sports betting or other forms of online betting, a company must apply for a licence which will cost in the region of £1.46m (€1.7m)
  • The duration of the licence will vary on a case-by-case basis with a maximum term of seven years
  • Operators are required to provide a £601.32 (€700,000) minimum guarantee.
  • Any operator found guilty of offering gambling products to a European Economic Area country without a licence within the last ten years will be excluded.
  • The bill places a responsibility on operators to produce a player protection action plan.
  • The choice of payment provider will also be regulated."

https://www.bestbettingsites.com/news/blog/hungary-ends-state-monopoly-online-sports-betting-2023.html

Do you have any news if Unibet will continue to operate here @Stubbe-Unibet?

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