MGA Intends Issuing Skill Based Licenses for DFS Operators
DFS operators in the U.S. have not being feeling the love back home but overseas markets are seemingly opening up for them with open arms. As we reported France is one of these countries which have cleared DFS as a game of skill and not chance.
Both the lies of DraftKings and FanDuel can also look now towards the Malta Gaming Authority (MGA) who have come out declaring DFS is exempt from requiring a gambling license. This step should ensure that Malta becomes a new haven for DFS operators who are looking for friendly grounds in order to expand their products.
In a statement the MGA said that DFS has the element of skill and should be differentiated from games of chance that require regulation and licensing. According to reports the Maltese gaming regulator have been working on formulating various licensing frameworks which include categories of skill-based games like DFS and Controlled Skill games.
Maltese based fantasy football operator Oulala commented in the good news. CEO Valery Bollier said,” MGA’s team had foreseen the rise of a future Skill Game industry in Europe a few years ago. Malta has proven to have a very competitive jurisdiction because of its pragmatism and its ability to adapt itself quickly to the sense of history. Malta being the first major European country to offer a skill game licence means it will attract the attention of the entire European DFS market and place itself firmly at the forefront of the DFS revolution.”