By The Weekly Edge desk ·
iGaming Today reported that Ireland is requiring gambling payments to follow a closed loop under its new anti-money laundering strategy. It also increases scrutiny of cryptocurrency and cooperation between financial authorities and law enforcement.
Gambling operators face tighter payment tracing and cryptocurrency scrutiny under the strategy.
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The proposed negotiating document excludes an EU-wide online gambling tax from the draft budget negotiations.
Existing Irish gaming licensees should keep renewing licences, while new applicants should continue with Revenue during GRAI’s transition.
Horse racing stakeholders are engaging Irish ministers to oppose a potential EU-wide gambling tax.
Betting operators retain Ireland’s 2% tax rate, while horse racing receives increased state funding in 2027.
GRAI’s funding constraints delay online operator licensing and limit enforcement against overseas operators serving Irish customers.