The Malta gaming licence, which allows a fantasy sports company to operate in many nations across Europe, is hotly in demand, with as many as 20 different companies applying for it, sources have claimed.
The ‘controlled skill games licence’ issued by the Malta Gaming Authority (MGA) labels the contests hosted by the companies as games of skill (as opposed to chance), and gives non-European companies the keys to many European countries, barring a few countries that have stricter rules for daily fantasy sports, such as England, France, Belgium and Spain.
DraftKings was the first fantasy operator to get one, while earlier this month, Oulala, which launched four years ago in Malta and creates daily fantasy games for other companies to offer on their own platform, was the first B2B fantasy operator to get the licence.
The MGA confirmed that two other fantasy sports operators have also obtained licences, although it did not identify them. Sources quoted by Yahoo Finance said that as many as 20 different fantasy sports companies, “large and small, daily and ‘season-long’,” have applied for the licence, a figure that the MGA did not confirm.
Speaking to Yahoo Finance, Oulala CEO Valery Bollier, worked to lobby the MGA to create the new license, said he sees it as a positive new tide “that can lift all boats in the industry.”
“Most people in the industry are starting to see that Europe is going to be a big chance for them and Malta is showing the way,” Mr Bollier was quoted as saying.