Regulatory Checklist for Launching Global Sportsbook Operations
Launching a global sportsbook is an exciting yet highly regulated business venture. With the sports betting market projected to surpass hundreds of billions in revenue worldwide, it’s no surprise that entrepreneurs, operators, and sportsbook software providers are eager to get a piece of the action. However, the path to establishing a compliant and successful sportsbook is paved with complex legal, technical, and operational requirements. This regulatory checklist outlines the critical steps you must take to ensure your sportsbook operates legally, securely, and profitably across multiple jurisdictions. 1. Understand Your Target Markets and Jurisdictions Before you begin development or marketing, clearly define your target markets. Each country (and sometimes even individual states or provinces) has unique sports betting laws, licensing procedures, and tax obligations. Key considerations: Identify whether sports betting is legal in your desired markets. Research the legal age re...