Lithuania Proposes Mandatory Gambling Player Card System by 2029 in Most Comprehensive European Legislation Yet
Briefly

Lithuania Proposes Mandatory Gambling Player Card System by 2029 in Most Comprehensive European Legislation Yet
"The proposed changes would require every player to hold a physical card linked to their identity before accessing any gambling service, enabling government authorities to monitor transactions across all licensed operators in real time."
"Operators would be required to integrate KYC verification, transaction monitoring, and exclusion-list checks into the card infrastructure, strengthening the prevention of problem gambling."
"Mindaugas Ardisauskas voiced concerns about the proposal, warning that restricting access to legal gambling will push players to illegal platforms, as illegal gambling accounts for a third of the Lithuanian market."
"Vaitiekunas disputed the estimate of market distribution, arguing that players themselves prefer regulated platforms for safety reasons."
The Lithuanian Finance Ministry has proposed a draft amendment requiring players to hold identity-linked cards for gambling access by January 1, 2029. This initiative aims to phase out cash payments in gambling venues, promoting non-cash transactions. Operators must implement KYC verification and transaction monitoring. The legislation seeks to reduce gambling-related harm. However, industry representatives caution that such restrictions may push players to illegal gambling platforms, as illegal activities currently account for a significant portion of the market. The Finance Minister disputes these concerns, emphasizing player preference for regulated options.
Read at news.bitcoin.com
Unable to calculate read time
[
|
]