The Czech Republic is set to modernise its gambling regulation and open its gambling market to EU and EEA residents, by adopting the new Act No. 186/2016 Coll., on Gambling.
It represents a major step towards regulated online gambling becoming a stable and strong tax revenue stream for the Czech Republic.
But how does skin betting – the latest craze in the online gaming community by which cosmetic in-game “skins” are used as virtual currency to bet on the outcome of matches – tie in with the new legislation?
Vladimir Krasula takes a look at the extent to which the new Gambling Act would permit skin betting and what this means in practice. Read the article here, published on the TwoBird’s eSports ‘Hot topic’ page.