Michel Barnier, the prime minister of France, is advancing a plan to regulate the internet gambling sector. According to a France 24 article, this program is a part of his government’s larger effort to address the nation’s rising problem of illegal gambling. The country’s stance on iGaming has changed significantly as a result of Barnier’s proposal.
Tackling the Rise of Illegal Gambling
Currently, France only regulates sports betting, poker, and lotteries. While poker is considered a game of skill, online casino games are categorized as games of chance and remain illegal. However, illegal online casinos have thrived, costing the country an estimated $1.70 billion annually. The French Association of Online Games (AFJL) warned that the country is “losing the war” against illegal gambling operations, which also plague the sports betting sector.
Despite opposition from the brick-and-mortar casino lobby, which argues that legalization could lead to job losses and unregulated operators entering the market, the government believes regulating online casinos is essential. The black-market gambling sector continues to grow, impacting the state’s already struggling economy. France has one of the largest budget deficits in the European Union, and regulating iGaming could bring in significant tax revenue.
In addition to tackling illegal gambling, Barnier’s government is proposing the shift to align France’s regulations with other European Union member states. An amendment to the 2025 budget plan has already been submitted to support this goal. If passed, the new regulations could introduce a licensing system for online casinos, helping to protect consumers and stabilize the market.
By regulating online casinos, the government aims to reduce illegal gambling while offering players better protections. Max Shapiro, managing partner at Cadenza Ventures, said, “We believe that Hata’s innovative approach and commitment to user engagement will drive the next wave of growth in Malaysia’s digital asset market.”
If successful, France could see a major shift in its iGaming landscape, bringing new revenue streams and curbing the illegal market.
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