Sports Betting Law | Legal.ge

SportsBettingLaw

How much is a betting license?

The annual fee for a betting license is 200,000 GEL per location.

Is player identification mandatory?

Yes, verifying the identity and age of every player is mandatory before accepting a bet.

Can a bet be cancelled?

A bet can only be cancelled in cases defined by law and rules (e.g., technical error).

What tax does a bookmaker pay?

A bookmaker pays income tax and profit tax (based on GGR).

Sports Betting Law: Operations of Bookmakers

Sports Betting Law regulates the activities of bookmakers who accept bets on sports events. This field requires a license issued by the Revenue Service. Operators must comply with rules regarding odds setting, bet acceptance, and payout of winnings. Additionally, implementing AML (Anti-Money Laundering) and KYC (Know Your Customer) procedures is mandatory. Legislation also restricts the participation of minors and dependent persons. Lawyer assistance is necessary to obtain a license and manage legal risks during operations.

What Does This Service Cover?

Specialists on Legal.ge offer:

Licensing: Obtaining a bookmaker license (online and land-based).
Internal Rules: Developing game rules and regulations.
AML Policy: Implementing an anti-money laundering program.
Contracts: Signing agreements with software providers.
Disputes: Handling disputes with players (payouts, account blocking).
Advertising: Consulting on advertising restrictions.

Common Situations When You Need a Lawyer

A lawyer is needed in a betting shop when:

Bet Cancellation: An odds error occurred, and you need justification to cancel the bet.
Account Check: A player is suspected of fraud, and you need an account blocking procedure.
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

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:

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

Why Choose Legal.ge?

Sports betting is a fast-growing business. Legal.ge connects you with lawyers who will help you operate legally in a competitive environment. Find a specialist on Legal.ge.