New legislation in Germany has caused its online poker market to be thrown into a state of disruption as the government implements a completely new regulatory system. As a result, several major operators are temporarily leaving the market. Some are leaving for good.
German authorities have decided to move from a hands-off approach to a much stricter one with more compliance needed from the country’s operators.
Sites will need to implement rigorous know-your-customer (KYC) requirements that will require players to fulfill additional verification requirements to confirm their identities. Typically, KYC requirements are imposed by governments on industries where money laundering could theoretically take place.
Players will only be allowed to play a maximum of four tables at once, they will not be allowed to choose their table or seat, the deposit limit will be capped at €1,000 per month and there will be a “panic button” that will instantly self-ban a player for 24 hours.
The deposit limit makes the country even more unfriendly to online poker pros and any high-stakes pro still residing there will likely need to make plans to move to continue their livelihood.
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