Denmark's DGA Simplifies Gambling Licensing with SG:certified
Denmark's gambling industry is governed by the Danish Gambling Authority (DGA), which has been actively streamlining the licensing process and enhancing oversight. The DGA has introduced SG:certified, an all-in-one compliance dashboard, to aid operators and regulators. This move aims to simplify the complex regulatory environment and ensure fair, responsible gambling.
The licensing process in Denmark is notoriously intricate, with over 750 individual requirements for online casino and sports betting. It typically takes at least six months to complete. To navigate this complexity, operators must maintain transparent financial reporting and track individual customer interactions, advertisements, and product changes. Failure to comply can result in penalties ranging from small fines to license revocation, as imposed by the DGA.
SG:certified, developed by Kompany and backed by the DGA, serves as a comprehensive administrative platform for operators. It helps manage compliance aspects, accelerate licensing timelines, and ensure operators stay within the law. The DGA, proactive in promoting safer and more sustainable gambling, has been publishing updated guidance and targeting illegal gambling websites and affiliates. Recently, it announced taking control of the sports integrity program, StopMatchFixing, to combat gambling-related impropriety.
The DGA's implementation of SG:certified demonstrates its commitment to making Denmark a safer and more sustainable jurisdiction for operators. By simplifying the licensing process and enhancing oversight, the DGA aims to ensure fair and responsible gambling that complies with the law. Operators are encouraged to utilize third-party solutions like SG:certified to navigate the complex regulatory environment and achieve compliance more quickly.
