{"id":5315,"date":"2020-10-07T10:15:51","date_gmt":"2020-10-07T10:15:51","guid":{"rendered":"https:\/\/www.realmoneygambling.com\/news\/?p=5315"},"modified":"2020-10-07T10:15:51","modified_gmt":"2020-10-07T10:15:51","slug":"mga-announces-tougher-regulations-for-sportsbooks","status":"publish","type":"post","link":"https:\/\/www.realmoneygambling.com\/news\/mga-announces-tougher-regulations-for-sportsbooks\/","title":{"rendered":"MGA Announces Tougher Regulations for Sportsbooks"},"content":{"rendered":"\n

The Malta Gaming Authority (MGA) is doubling up on its efforts to make sports betting safer by introducing some tough rules. As from January 1, 2021 sports betting companies that are regulated by the authority will be required to report any and all suspicious betting patterns on their platforms.<\/strong><\/p>\n\n\n\n

There has been a significant surge in sports betting activity for the past few years<\/a> especially in the online space which is one of the things that prompted a deeper dive into the matter. The move began way back in May when the gaming authority issued a new consultation paper on sports integrity measures which included the mechanisms designed to ensure that operators report any suspicious betting activity.<\/p>\n\n\n\n

After the rather long seven-week consultation<\/a>, the gaming authority is finally ready to take the next leap forward. Now, once the new regulations come into effect, the Malta Gaming Authority will require its license holders to provide, among other things, the description of the markets where the suspicious activity has been recorded, the time as well as evidence supporting the claims that said activity are indeed suspicious.<\/strong><\/p>\n\n\n\n

In essence, there are some key questions that the sportsbook operators licensed by the regulator will need to answer in order to be in compliance with the new regulations. These include:<\/p>\n\n\n\n