Avvertenze in merito a regolamentazioni eccessive
In the ongoing debate regarding the proposed regulations for sports betting in Germany, Jörg Wacker, a board member of FC Bayern Munich and a sports betting expert, has expressed his concerns about over-regulation. Wacker, who previously held the position of head of Germany for the Austrian bookmaker bwin, argues that excessive regulations could hinder the growth and effectiveness of the legal betting market.
Wacker's main concern is the proposed ban on live bets, which account for around 60 percent of total turnover. He believes that such a ban could foster a black market, as past experience has shown. Instead, Wacker advocates for a regulatory approach that balances consumer protection with the promotion of a sustainable and transparent betting market.
The DSWV, the German Sports Betting Association, supports Wacker's views and is calling for improvements to the new State Gaming Treaty to increase the attractiveness of the legal offer. The DSWV believes that a rigid set of rules that cannot be changed in the next few years will not help player protection or reduce the black market.
According to Wacker, the proposed regulations include restrictions on live bets and a deposit limit of 1,000 euros per month. He questions the need for such restrictions, suggesting they could drive customers towards the black market. Wacker emphasizes that FC Bayern works "very consciously with the best company" and prioritizes the protection of fair competition, collaborating with serious market providers.
The establishment of a sports betting authority is also planned to monitor the market. Wacker finds the term "illegal" inappropriate for unlicensed providers as they are licensed in the EU and pay taxes. He argues that attractive legal offers can prevent customers from migrating to the black market.
The state collected taxes of over 500 million euros from the sports betting market in 2019, and the DSWV announced a record turnover on the German sports betting market at the beginning of this month, with bets worth 9.3 billion euros placed in 2019. Wacker, who is responsible for internationalization and strategy at FC Bayern Munich, cites the FC Bayern and Tipico partnership as an example of the benefits of sports partnerships in the context of sports betting.
Wacker supports a regulated sports betting market, but emphasizes the importance of considering market conditions. He argues against over-regulation because it could reduce the attractiveness of legal betting options, thereby increasing the risks for consumers who may turn to unregulated providers. In summary, his stance is to avoid excessive regulatory burdens that could stifle innovation and growth in legal sports betting, emphasizing a balanced approach to regulation that ensures both market development and player protection.
- Jörg Wacker, a sports betting expert and FC Bayern Munich board member, is concerned about the proposed regulations for sports betting in Germany due to the potential hindrance of the legal betting market's growth and effectiveness caused by over-regulation.
- Live betting accounts for around 60 percent of total turnover, as per Wacker's statement.
- Wacker fears that a proposed ban on live bets could foster a black market, based on past experiences.
- Wacker advocates for a regulatory approach that balances consumer protection with the promotion of a sustainable and transparent betting market.
- Wacker previously held the position of head of Germany for the Austrian bookmaker bwin.
- The DSWV (German Sports Betting Association) supports Wacker's views and calls for improvements to the State Gaming Treaty.
- The DSWV believes that a rigid set of rules that cannot be changed in the next few years will not help player protection or reduce the black market.
- Wacker questions the need for restrictions on live bets and a deposit limit of 1,000 euros per month in the proposed regulations.
- According to Wacker, FC Bayern Munich works "very consciously" with Tipico when it comes to sports betting.
- Wacker finds the term "illegal" inappropriate for unlicensed providers in the EU and argues that attractive legal offers can prevent customers from migrating to the black market.
