Instagram and TikTok to Block Illegal Gambling Ads – Steep Fines Incoming

Greece is implementing a stricter framework to combat illegal gambling, introducing measures such as freezing payments to and from unlicensed providers. The new legislation aims to curb the proliferation of illegal betting activities and protect both the public and state revenues.

Heavy penalties are set to be imposed on individuals and entities involved in the promotion of illegal gambling. Fines can reach up to 50,000 euros for those advertising or promoting illicit games through websites, applications, social media, influencer content, or promotional codes. The regulations also strengthen player identification checks to ensure that betting occurs exclusively through licensed operators.

Furthermore, the new measures target physical locations like internet cafes and clubs that facilitate illegal gambling. These establishments face strict sanctions, including fines and potential closure for up to one year. Changes are also being made to the taxation of online gaming profits, such as online poker and live casinos. Winnings will be taxed per gaming session, with a tax-free threshold of 100 euros.