Betfair, the UK-based company that runs the world’s largest online betting exchange, has made the decision to pull all of its online gambling services from the Netherlands.
In an email sent to all Betfair affiliates, the company announced that its services would no longer be available for Dutch players from September 30th 2021.
The email stated:
“Unfortunately a business decision has been made to no longer offer our services in the Netherlands.
This will be coming into effect on the 30th of September.
Should you have any marketing directed to the Netherlands, please do take this down from your marketing source by the date stated.”
No reason was given for the withdrawal from the Dutch market and the news came as a surprise to many of the company’s affiliates.
The company’s final date of operations will be the day before the online gambling market officially launches in the Netherlands following the enactment of The Remote Gambling Act – KOA Act which came into effect on April 1st 2021.
The new act imposes stricter regulations with regards to marketing and self-exclusion and a tax rate of 29%. However, the government has intimated that this tax rate will drop to 20% for online operators.
The application window for operator licenses has been open since April 1st.