KSA reprimands 711 over deposit wagering requirement in Netherlands
The KSA reprimand identifies withdrawal conditions requiring some customers to gamble deposited money before withdrawing it.
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The KSA reprimand identifies withdrawal conditions requiring some customers to gamble deposited money before withdrawing it.
The warning clarifies that operators may require wagering before withdrawals only in connection with bonuses and under strict conditions.
711 faces possible sanctions if it repeats the withdrawal practices, giving operators a concrete compliance consequence for imposing deposit wagering requirements.
Operators must meet the regulator’s strict conditions for wagering deposited funds before allowing withdrawals.
Operators should ensure customers can return deposits to their original payment method without wagering.
The actions address operator duty of care and restrictions on gambling advertising.
The actions distinguish a warning for TOTO Online from a financial penalty for 711.
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