Key Compliance Requirements for iGaming Operators in Malta, Curaçao, and Cyprus
The iGaming industry is expanding rapidly, attracting operators eager to enter regulated markets. Before launching, operators must study the regulations, since each jurisdiction enforces its own compliance framework. Malta (MGA), Curaçao, and Cyprus (NBA) stand out as three key licensing authorities, each setting distinct standards for licensing, player protection, data security, and responsible gaming.
This article explains how operators can stay competitive while complying with the law. It also outlines the fundamental compliance requirements in Malta, Curaçao, and Cyprus.
Malta Gaming Authority (MGA) Requirements for Compliance
One of the most reputable iGaming regulators is the Malta Gaming Authority (MGA). To guarantee safe operations, player protection, and fair play, MGA establishes stringent regulations.
Important prerequisites:
- Types of Licensing: Operators must decide between B2C and B2B licenses.
- Responsible Gaming: Deposit caps, self-exclusion features, and assistance for problem gamblers must all be included on platforms.
- Anti-Money Laundering (AML): In accordance with EU AML regulations, operators are required to perform KYC checks and report suspicious transactions.
- Technical Standards: Fair games are guaranteed by frequent system audits and RNG (Random Number Generator) certifications.
- Data protection: All operators in Malta must abide by GDPR.
Although MGA licenses require robust financial, technical, and compliance frameworks, they offer operators credibility in a number of EU markets.
Expand into Malta, Curaçao, and Cyprus with Confidence
Secure Your Licence – Start Your Compliance Journey Now
Protect Your Players & Business with Compliance-First HostingCompliance Standards of the Curaçao Gaming Control Board (GCB)
Operators have long chosen Curaçao for its accessible licensing system. However, the new Curaçao Gaming Control Board (GCB) framework now sets stricter compliance requirements to align with international standards
Important prerequisites:
- License Structure: In place of the previous master/sub-license model, the GCB now grants operators direct licenses.
- AML and KYC: To stop money laundering, operators need to put in place appropriate due diligence procedures.
- Operators are required to offer transparent guidelines and resources for responsible gaming.
- Technical Compliance: Ensuring game fairness and hosting servers in authorised jurisdictions are essential.
The new framework makes it more competitive with more established regulators by strengthening oversight and enhancing confidence in operators licensed by Curaçao.
Compliance Requirements of the Cyprus National Betting Authority (NBA)
The Cyprus National Betting Authority (NBA) regulates both online and land-based sports betting. Unlike MGA and Curaçao, Cyprus focuses exclusively on sportsbook operations.
Important prerequisites:
- Class A licenses are for betting on land, and Class B licenses are for betting online.
- KYC and AML: Licensed operators are required to adhere to EU anti-money laundering regulations and conduct thorough customer due diligence.
- Technical Compliance: To comply with data residency regulations, operators must house their servers in Cyprus or the EU.
- Platforms must provide self-exclusion, betting limits, and connections to support groups to promote responsible gaming.
- Advertising Regulations: To avoid targeting children or vulnerable populations, marketing must adhere to stringent regulations.
Compliance is crucial for success in Cyprus because the NBA maintains one of the most stringent sportsbook regulatory frameworks in the EU.
Important Disparities Among the Jurisdictions
- MGA: Most robust for operations involving multiple jurisdictions throughout Europe.
- Under GCB regulations, Curaçao is becoming more stringent and credible.
- Cyprus NBA: Dedicated to sportsbook operations, with a focus on local hosting, AML, and KYC.
Operators arranging operations across multiple jurisdictions need to invest in infrastructure that facilitates compliance and adjust to the standards of each regulator.
Round-the-Clock Support
Our certified experts are always available to resolve issues, ensure compliance, and maintain performance. For more information, contact our experts!
Concluding remarks
It takes more than just a licence to operate in iGaming. It necessitates constant adherence to player protection standards, technical audits, and changing regulations.
Operators can foster trust, stay out of trouble, and guarantee long-term growth by being aware of the MGA, Curaçao, and Cyprus NBA requirements. By collaborating with a hosting company that prioritises compliance, you can better meet these requirements in a variety of jurisdictions.
