Online gamblers in Italy with a desire for P2P betting exchange action may be able to witness the fulfillment of their wish list before May is over while the Italian regulator AAMS gets closer to including the wagering format in the accepted betting methods list. The best implementation date for the new regulations is May 24th, which will witness acceptable companies which are put through thorough testing and inspection by testing agency SOGEI prior to public release in Italy. The process of testing is merely set to start in July 2013, so practical transfer betting in the Italian market is not likely to begin until August or after.
Possible companies like Betdaq and Betfair will be made offers by the Italian market. If they are licensed and accepted, the will be allowed to charge a commission of 10 percent on matched bets while in turn having to pay 20 percent tax to the Italian taxman on profits. The max winnings per bet on the activity in the betting exchange were capped by the regulator at Euro 10,000.
The Italian market is dedicated along with other ways of online gambling that is restricting player liquidity. There have been meetings between the French and Spanish equivalents with Italian regulator on a bid to take into consideration the pros of player pools that are shared but there is nothing certain yet that has come about by these discussions. Competition that is home-grown could be formidable. Microgame, the Italian network and software provider has been discussing the possibility of a betting exchange for a while and has collaborated with Betdaq partner Global Betting Exchange in development of a proprietary product branded People’s IBEX.