KSA Calls For Licensed Bookmakers To Stop Cashback Offers

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KSA Calls For Licensed Bookmakers To Stop Cashback Offers

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A reminder was given by the regulator to its licensees that such offerings are prohibited in the jurisdiction. The memo underlined that bonuses are subject to advertising regulations, something untrue for this specific type.

What's More on That?

More specifically, in the letter, it was said that De Kansspelautoriteit had recently received signals that there are online license holders who try to provide players with their loyalty in the form of a cashback. Such a bonus is a type of incentive that encourages excessive involvement, which is not permitted.

The memo also suggested that cashback bonuses have a motivating effect on games. Giving a player a bonus that partially compensates for his loss encourages them to play more. Additionally, among players who are vulnerable, this may lessen their perception of the risk associated with betting.

The licensing authority informed operators that they had until December 5 to officially confirm that they had ceased offering cashback bonuses.

Giannis Kyriazis

Senior Editor

Articles 139

A Bit About Giannis

I am a content and iGaming specialist with almost three decades of experience in online betting and sports media. I have worked across all kinds of mainstream media, sportsbook and casino operators such as bwin and Sportingbet, and digital gaming publications. I have been producing authoritative betting tips, appealing content, and in-depth analyses of markets and odds with a strong focus on sports betting, covering many sports and leagues. My insights help readers make informed betting decisions and navigate the evolving iGaming landscape strategically.