Gambling activities have always been popular in the Irish territory, and it’s hard to track the first mentions of this entertainment in the country. The industry is legal and regulated, so modern adrenaline hunters can enjoy casinos, betting, and lotteries without limitations. The rise of the iGaming sector raised the need for updating laws since the latest document was released in 1956. The government recently announced the new Gambling Regulation Act 2024, which will consider numerous aspects of casinos and bookmakers’ operations.
Relevant Irish Gambling Regulations
The digital sector has long been unregulated, offering operators and customers flexibility and freedom. In-country gaming platforms and overseas service providers are widely accessible to Irish users over 18. Local gamblers mostly choose My Stake and other similar casinos, as they offer higher bonuses and fewer deposit limitations than their competitors holding a UKGC licensing.
Undeniably, the massive choice of online gambling destinations and minimum restrictions significantly increase Irish users’ engagement in the industry. Surveys show that almost half of the country’s adult population tried this risky entertainment at least once. Moreover, the latest research found that one in thirty locals struggle with gaming-related problems. Gambling addiction is the major industry challenge in 2024, which called for regulatory updates in Ireland.
Updated Industry Laws in Ireland: Main Aspects
The new Gambling Regulations Act 2024 was introduced in December 2022, and during the following months, the government and responsible authorities worked on its development. Updates will touch on all aspects and integrate a completely new system to operate the iGaming sector in Ireland. The Act finally passed in October 2024 and was recently signed by the President.
Establishing an Independent Regulatory Body
For years of online gambling evolution in the country, Ireland stuck to the 1956 regulation, which is really outdated considering the rapidly changing landscape. For years, the state didn’t have an independent controlling authority, which was changed by integrating the new law. GRAI (Gambling Regulatory Authority of Ireland) will issue a limited number of licensed, and only registered operators will be able to provide services to locals. Certifications will be classified according to the company’s activities, including betting, online casinos, and lotteries.
Enhanced Consumer Protection Measures
Compulsive gambling is the main industry problem, and the government concentrates on this issue in the new document. Every user experiencing difficulties with self-control on Irish casino sites will have the opportunity to join a self-exclusion program. In addition, regulatory authorities initiated the Social Impact Fund to facilitate research and education to prevent addictive habits among the Irish.
Ban on Credit Cards Payments
The possibility of borrowing money for gambling often leads to overspending and losing control over user’s actions in the non GamStop online casino. Many countries have already banned this banking option in the iGaming sector, and Ireland follows their example. GRAI prohibits all deposits and withdrawals using credit cards. This decision aims to encourage users to plan their expenses on risky platforms. In addition, players cannot fund other digital payment systems from their credit cards, and operators are obliged to monitor all transactions thoroughly.
Restrictions on Gambling Ads
While iGaming advertisement is not fully prohibited in the country, casinos and bookmakers must ensure their promotional materials don’t target vulnerable individuals. James Browne, Minister of State, claims that the new Bill maintains the freedom to gamble in the country while preventing users from suffering from gaming-related disorders. The new requirements imply that casino advertisement is prohibited on media from 5.30 am to 9 pm daily.
Gambling sponsorships are also prohibited in the country, which causes negative reviews from operators. Collaborations with sports teams and other brands are essential for companies’ development, so the market reaction wasn’t positive. However, amendments to the law can still be accepted.
Role of GRAI in Industry Development and Control
The regulatory body issues licences and supervises the Irish iGaming sector to make it fair, transparent, and secure for all parties. Non-compliance with the Gambling Regulations Act 2024 will result in penalties and imprisonment according to the class of the breach. For instance, users trying to pay via credit card will have to pay a €5,000 fine, while licensees breaking the law can be imprisoned for up to 5 years or fined €20,000,000. Similar regulations have already been implemented by other countries where gambling is well-developed. Ireland anticipates getting positive results from the latest amendments, especially as they aim to support safer gambling practices during Irish events, such as major sporting and cultural occasions, where betting activities often surge.
The Final Word
The Irish iGaming sector is currently surpassing a significant transformation, and we will be able to evaluate the market reaction to changes soon. All amendments are initiated to make the industry more transparent, focusing on consumer protection. Users will face more limitations when joining online gambling sites: at the same time, they will get more information on possible negative consequences of uncontrolled gaming and explore ways to maintain responsibility.