GAMING & BETTING
Betfair files complaint with the EC over newly passed Cypriot laws that ban betting exchanges
This legal action challenges the Cypriot legislature’s unanimous move to prohibit betting exchanges and online casino games.
Betfair, the leading online betting exchange, filed a formal complaint with the European Commission (Commission) on 10 September 2012 in relation to recently passed Cypriot gambling legislation. This new legislation was passed in July of this year, the most fundamental feature of which is the prohibition of online casino (including poker) and betting exchanges. Therefore, only sports betting (other than exchanges) are permitted.