Active players: 400.000
Currency: Euro €
Regulated gambling products: National lottery (operated by OPAP) & Fixed-odds sports betting;
Operator types: Online Sportsbooks and land-based betting shops
Designated authority: National Betting Authority
Status: Regulated Market - Betting Law of 2012 that was updated in 2016
ll types of betting or rounds of chance have their place in Cypriot culture. From games, football betting and even steed dashing, betting is interwoven with everyday exercises of Cypriots. Indeed, even in the present day, the Cyprus betting scene is superbly offset with numerous online bookies and an assorted offering of land-based gambling clubs in the north.
After a few web-based wagering acts and changes, the street was cleared for huge worldwide bookies to enter Cyprus. Prior to these guidelines, Bet365, Betfair and Bwin were the ones to rule the web-based betting scene. In the wake of permitting got obligatory, a few organizations chose not to apply for one. Different bookies, like Betfair and Sportingbet, started the procedure however pulled away at last. Every one of these developments made the best possible condition for Bet365 and Stoiximan to verify their situation as pioneers in the controlled Cypriot betting scene, while numerous unlicensed bookmakers still acknowledge CY players. In this way, for all punters searching for superb online bookies to put down a wager, Cyprus accompanies a few engaging choices.