News From The Sports Scene

Betfair Launching Italian Faced Betting Exchange

Betfair Launching Italian Faced Betting Exchange

Betfair, the world's leading betting exchange site, have just launched the very first online betting exchange in Italy, providing betting customers of the betting happy country to exchange bets with each other at a low commission rate. The new exchange will be ring-fenced for Italians only accordingly with the rules in Italy and they will be paying 20% tax on all the commission charged.

The launch was made after being approved by Agenzie delle Dogane e dei Monopoli, who did in-depth testing of everything. Societa Generale d'Informatico, which is the information and communications technology administration in Italy also approved the platform and Betfair had no remarks.

This means that Betfair will now be able to offer poker, casino, sportsbook and betting exchange on their Italian domain, which is only available for Italian citizens. You will need to have a codice fiscale to be able to register an account with them, which is only available to people living inside of Italy.

"We are pleased to be the first fully regulated exchange operator in Italy and look forward to bringing the advantages of our innovative betting platform to Italian customers, including the ability to cash out their bets. We believe this launch marks an important step in our drive to grow sustainable revenues." CEO of Betfair, Breon Corcoran said.

News by Daniel Allermand
Daniel Allermand - Reporter

Daniel Allermand is a freelance writer, with more than 4 years of experience in the industry as an operator, affiliate and poker player. Daniel has decided it was time to try and bring more coverage about the industry to the general public by writing articles about everything from poker to casino.


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