The Resolution approved by the Director General for Spanish Lotteries and Bets last 18 June sat out the following requirements for online betting, applicable exclusively to the activities of the State-owned Lotteries and Bets organization (LAE – Loterías y Apuestas del Estado) :

1. Bets will be made at the website www.loteriasyapuestas.es, although the Loterías y Apuesas del Estado organization is allowed to use other domain names.
2. Participants must register completing their user name, password, date of birth and email address. However, additional data may be requested.
3. If the participant wins a price above Euros 600 he will need to identify himself properly in order to obtain payment.
4. Bets from users in other countries are not allowed and shall be prevented.
5. Participants must use an electronic bank account authorized to operate in Spain and from a bank registered within this system. Such bank account must belong to a person with residence in Spain.
6. Bet payments can also be made with secured bank cards issued in Spain, in which case participants will also need to provide a bank account to receive any payment of prices.
7. Taking bets with this system will only be possible when the central system of Loterías y Apuestas del Estado is generally taking bets.
8. The maximum amount to have in the participant’s betting account will be Euros 200. This will also be the maximum amount for any bet.

These requirements are only applicable to the LAE, however they can be an indication for future regulations in this area.

This entry was posted on Monday, April 27th, 2009 at 12:07 pm and is filed under English, Gaming and betting (en), Xavier Muñoz Bellvehí (en). You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.