In light of the convenience and rising popularity of online gambling, a fresh proposal pushes for the legalization of iGaming in France.
Contrary to retail gambling, online gambling may be easily accessible via cellphones or even desktop computers. The fact that many iGaming companies provide mobile-first games confirms the potential of the industry, which is valued at billions of dollars every month. However, while there are iGaming choices available in several European nations, the market in France is still rather constrained. A new plan, however, aims to change that and provide restricted legal online gaming possibilities.
This Thursday, Philippe Latombe, a member of the country's Democratic party, submitted Bill 1248. His suggestion asks for the legalization of playing at internet casinos. However, it establishes rigorous limitations for the market, enabling it to expand under particular circumstances.
According to football betting picks experts, three articles make up the bill. While Article 2 calls for the introduction of a five-year moratorium and restricts online casino operations to only well-established operators with a license, Article 3 proposes "online casino games to the same levies operated by the State and local authorities, and therefore completes the list of games that make up the gross gaming revenue." Finally, Article 1 of the law calls for the introduction of games of chance that resemble those found in brick-and-mortar casinos by operators that provide online gambling services.
In other words, the plan calls for the opening up of the internet gambling sector, which will initially be controlled by the "national casino industry" during the five-year embargo. The proposal then calls for opening the market to other businesses with an interest in the nation's online gaming sector beginning on January 1, 2030.
According to the bill, this is required because a "complete and rapid" opening of the market may cause losses for the country's casino sector. This might have disastrous repercussions for the gaming industry, including job loss.