Daily fantasy sports platform provider Oulala.com has been awarded a B2B skill-games licence from the Malta Gaming Authority.
In order to operate in the UK, the Malta-based firm sought a remote gambling licence but found that national regulators across Europe initially showed little interest in regulating specifically for DFS.
“The authorities in Malta were the first in foretelling the impact of DFS’ potential in Europe, and the MGA was in fact the first regulator to acknowledge our needs,” said Benjamin Carlotti, one of the co-founders and managing director at the company.
“We are incredibly proud to be participating in the development of a licensing framework that regulates skill-based games, fantasy sports included. This was a highly significant step in the right direction, and our hope is that other European regulators will soon follow suit,” he said.
The new licence category for “controlled skill games,” which specifically regulates DFS, defines it as a game of skill not chance.
“The Malta Gaming Authority is pleased to be issuing a B2B licence for fantasy sports to Oulala under the new skill-games regulations,” said MGA executive chairman, Joseph Cuschieri.
“Malta's regulatory framework ensures a high standard of player protection and game fairness while allowing operators space for growth and innovation. It is for this reason that operators such as Oulala have chosen Malta as their primary place of establishment.”