Malta has become a popular destination for sports betting, attracting players from all over the world. Among them are UK players who are under self-exclusion. There are a lot of casinos not on Gamstop licensed by the MGA that many Brits find appealing. For clarity, Malta betting sites are sportsbooks that hold a licence granted by the Malta Gaming Authority (MGA). The MGA ensures fairness, security and responsible gambling in Malta.
In this article, we will delve into the world of Malta’s online gambling market, discussing its aspects, and licensing requirements, and examine the advantages and disadvantages they offer. Additionally, we will provide insights into payment methods, the range of sports offered, and address frequently asked questions for those considering placing bets on this Mediterranean island.
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Table of Contents
Gambling Laws – How Are Top Online Betting Sites Malta Offers Regulated
Since its creation in 2001, the MGA has been responsible for regulating online gambling. In fact, it was the first EU country to take on iGaming regulations, and it has attracted many entrepreneurs. In a way, this commission has set industry standards that other countries like the UK followed.
As of 2018, new sports betting sites Malta operators can get approved faster because the licence acquisition process was streamlined. Namely, they reduced the number of different types of licences and started to offer just a B2B and B2C licence. This has added some flexibility to the businesses they regulate, licensed Maltese bookmakers can easily develop more services without having to struggle with licence applications. In addition, the MGA doubled the licence term from five years to ten years. Therefore, bookmakers only have to submit an application for a B2C licence.
In October 2021, they amended the Gaming Authorizations and Compliance Directive to simplify the approval process. Moreover, the majority of these changes focus on the assignment roles that the operators need to make, keeping it simple.
Is It Legal to Bet at MGA Betting Sites for UK Players?
Yes. Players from the United Kingdom are allowed to gamble on the MGA-licensed websites or in Malta-based betting companies. However, the site should also be registered with the UK Gaming Commission if it wants to accept players from this nation. That being said some operators are based offshore and are regulated by MGA. At the same time, these aren’t on Gamstop so they allow Brits to play even if they are under self-exclusion. The real upside is that MGA sites are among top European bookmakers which guarantees better player safety.
Malta Gaming Authority Betting Sites Licencing Requirements
To get an MGA licence, operators have to comply with strict standards, which makes them the safest betting sites international. These include financial soundness, reasonable gaming practices and also strong customer security measures. In addition, there are some basic conditions that every applicant must meet. Every officer, authorised individual, shareholder, director, beneficial owner, or ultimate beneficial owner is required to submit the following documents:
- For each company owner and applicant, a police good conduct certificate is required to be no older than three months.
- Passing a “Fit and Proper Test.”
- Ability to fill the key positions in the company. Alternatively, if this cannot be done at the time of application, Fast Offshore can provide the team members to take up these functions.
- Original bank references from all owners and applicants that are no older than 3 months.
- Duplicate copies of the passports for all owners and applicants.
- A comprehensive business plan.
- A compliance and software audit.
- Details of all the gaming software used and also third-party agreements.
- All operations and gaming servers must be in Malta.
The goal here is to minimise corruption and money laundering. Have a strong AML and KYC policy, and of course use certified software that guarantees fairness. As a token of appreciation, the players are given rights like transparency, fair play and also access to the mechanisms for socially responsible gambling to guarantee safe betting in Malta.
Best Sports Betting Sites Malta
Be sure to check the table below for more information on the best sports betting sites licensed by MGA. There, users can learn more about the main features of the sportsbooks not on Gamstop, as well as the welcome bonus they offer.
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|Good customer support, diverse gaming options, innovative features
The Pros and Cons of the Top Sports Betting Sites Malta
The top Malta online sportsbooks often have numerous advantages that set them apart from other bookies. For instance, there are non Gamstop horse racing sites that have amazing event coverage, and offer more options compared to those operators that are in the UK. In addition, players may find competitive odds in Malta sportsbooks as well as benefits that might not be available on locally regulated sites.
Here’s a brief overview of Malta betting sites pros and cons
- ➕ Credit Card Acceptance: Sportsbooks generally accept credit card payments, offering convenience to players.
- ➕ Crypto-Friendly: Many MGA licensed sites support cryptocurrency transactions, providing additional flexibility.
- ➕ Independent Betting Companies: There are several reliable Maltese betting operators, which aids in fostering healthy competition and innovation.
- ➕ Wide Range of Sports: Particularly notable for football and horse racing enthusiasts, offering diverse sports markets.
- ➕ Not on Gamstop: MGA licensed sites are often not part of the UK’s Gamstop program, providing an option for self-excluded players.
- ➕ Better Odds: If you read Malta sports betting reviews you’ll often see how they are praised for offering competitive odds
- ➖ Higher Wagering Requirements: Some MGA licensed sportsbooks may have higher wagering requirements for bonuses.
- ➖ Trust Issues with Independent Licences: While there are reputable independent operators, not everyone trusts them. After all, they prefer larger brands that their government can hold accountable.
- ➖ No UK Self-Exclusion: These sites aren’t on Gamstop, which means UK players who are under self-exclusion are free to use them.
The Payment Systems at the Online Betting Sites Malta
Another reason why these operators are regarded as some of the best non UK betting sites is their accessibility. Players can use all of the widely accepted banking as well as cryptocurrencies.
- Credit/debit cards – Visa and MasterCard
- E-wallets – GooglePay, ApplePay, Skrill, Neteller, PayPal
- Bank transfers – Regular international transfer (may take a few days to process)
- Cryptocurrencies – Bitcoin, Ethereum, Tether
Available Sports From the Best Online Betting Sites Malta – Most Popular Sporting Events
Apart from the numerous payment methods, not Gamstop bookies with football in Malta offer a good range of sporting events, with special emphasis on football and horse racing.
In addition to wide event coverage, players are offered a diverse range of markets, giving them more flexibility when they gamble. So if you want the best offshore sports betting experience possible, you should take advantage of those options and place some daring bets. Some of the most popular sporting events to bet on on these platforms include:
- Horse Racing
- Formula 1
Alternatives for MGA Betting Sites
FAQs About the Malta Gaming Authority Betting Sites
➤ Can you gamble in Malta if you are a foreigner?
Yes, MGA licensed operators accept players from all over the world, but the sites do have some country restrictions. Make sure you check that list to be certain you are allowed to play.
➤ How to bet on new online betting sites Malta?
Easy, all you need to do is find a licensed sportsbook, sign up, deposit the money into your account, and start playing. You can use one of the sites we have suggested here. All of these user-friendly Maltese betting sites allow for quick registration.
➤ What are the best betting sites Malta?
Some of the top betting sites are Velobet, Goldenbet, and FreshBet Sportsbook. There are many other operators out there so you can browse our site to find more reliable brands.
➤ What betting offers can I find at Maltese sportsbooks?
You can gamble on events and matches from pretty much any popular sport or esports. These sites have extensive market coverage so you can create all sorts of unique tickets that don’t have to do with an outright winner.
➤ Is betting legal in Malta?
Yes, they were among the first EU countries to legalise online gambling and they set standards for regulating these businesses.
➤ What are the most popular payment methods among punters in Malta?
Credit cards, e-wallets, and vouchers. In addition, some sites will allow you to use cryptocurrencies for deposits and withdrawals.
➤ What is the gambling regulator in Malta?
The Malta Gaming Authority (MGA) is the main regulatory body that oversees the gambling business and issues Maltese gambling licences.
➤ What are the most popular sports for betting in Malta?
The most popular betting options in Malta are football and horse racing, but Malta sportsbooks provide a diversity of options to fit many different tastes.