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Sports Betting

How much is a betting license?

The annual fee for a betting license is 200,000 GEL. Additional fees apply for online operations.

Can a bookmaker block an account?

Yes, if there is suspicion of fraud, money laundering, or rule violation, the bookmaker has the right to temporarily block the account.

What tax does a player pay?

A 2% income tax is withheld from the player upon withdrawal of funds.

Is verification mandatory?

Yes, identity verification is mandatory upon registration.

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Sports Betting and Bookmaker Activities: Legal Support

Sports Betting is one of the most popular and strictly regulated areas of the gambling business in Georgia. Bookmaker activities require a special license issued by the Revenue Service. In addition to licensing, operators must comply with regulations regarding Anti-Money Laundering (AML), Know Your Customer (KYC), and responsible gambling. Legislation also restricts advertising and sets an age limit (25 years for Georgian citizens). Lawyer assistance is essential for obtaining a license, ensuring technical compliance, and resolving disputes with players or regulators.

What Does This Service Cover?

Gaming law experts on Legal.ge offer:

  • Licensing: Obtaining a permit to organize a betting shop (online and land-based).
  • Internal Rules: Developing game rules, betting acceptance, and winnings payout regulations.
  • AML Policy: Implementing an anti-money laundering program and reporting to the Financial Monitoring Service.
  • Contracts: Signing agreements with software providers (Odds Providers).
  • Disputes: Handling disputes with players (e.g., bet cancellation, account blocking).
  • Advertising: Consulting on advertising restrictions.

Common Situations When You Need a Lawyer

A lawyer is needed when managing a bookmaker if:

  • Bet Cancellation: A technical error occurred in the odds, and you need justification to cancel the bet.
  • Account Check: A player is suspected of fraud (e.g., match-fixing), and you need to block the account.
  • Fine: You were fined for violating verification rules.
  • License Threat: You failed to pay the fee on time and face license suspension.
  • Personal Data: Player data leak occurred.

Georgian Legal Framework

The field is regulated by the Law "On Organization of Lotteries, Games of Chance and other Prize Games" and "On Gambling Business Fee."

Process: How Collaboration with a Specialist Works

The process includes:

  1. Consultation: Selecting license type.
  2. Documentation: Preparing permit documents.
  3. License: Receiving the permit.
  4. System: Implementing internal control system.
  5. Support: Ongoing legal service.

Why Choose Legal.ge?

Sports betting is a high-risk business. Legal.ge connects you with lawyers who will help you operate legally and manage risks. Find a specialist on Legal.ge.

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