Hungary floats new legislation to open up its iGaming market
In the Eastern European nation of Hungary and parliamentarians are reportedly considering new legislation that would axe the country’s existing online sportsbetting monopoly and allow an unlimited number of commercial enterprises to apply for iGaming licenses.
According to a source, Hungary has been operating under a regime since 2014 that limits iGaming licenses to domestic land-based casino operators while granting the state-run Szerencsejatek Zrt enterprise a monopoly on all online sportsbetting. However, this arrangement was purportedly later found to be in breach of the European Union’s rules on the freedom to provide goods and services following a lawsuit filed by the Unibet brand of prominent Swedish iGaming operator Kindred Group.
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