Online Sports Betting in Cyprus
Sports betting is one of the most popular forms of gambling in Cyprus and there are many land-based shops across the country. The game has been regulated since 2012 with the creation of the National Betting Authority, which is the same body responsible for online sportsbook sites in Cyprus.
|Is online sports betting legal in Cyprus?||Yes.|
|Are sports betting sites in Cyprus trustworthy?||Yes.|
|Can I deposit via PaySafeCard/Neteller/Skrill?||Yes.|
|Do online sports betting sites accept EUR?||Yes.|
Online Sports Betting Laws in Cyprus
The Betting Law of 2019 [L. 37(I)/2019] has legalized sports betting in both its land-based - through their own shops or through authorized representatives - and online form. According to the act, there are two licenses available: Class A and Class B.
In this way, online operators must apply for the Class B license in order to run online sportsbook sites. And, as stated by Section 65, “Internet service providers are obliged to apply a blocking system to prevent their clients-users from accessing betting service providers who do not hold a Class B license”.
However, as only a few companies have acquired a Cypriot sportsbook license, players are seeking ways through which they can access platforms with higher odds and a wider variety of sports to bet on. Furthermore, those operators usually offer better opportunities, such as online sportsbook bonuses and online sportsbook promotions.
Online Sports Betting Payment Methods in Cyprus
Operators are willing to provide bettors with safe and fair environments, which is why it is very important that they only accept fully transparent money transactions. Accordingly, the credit and debit cards of VISA and MasterCard are usually available. But there are also other alternatives that are as efficient and reliable. These include Skrill, Neteller, PaySafeCard or PayPal. For more information, consult the online sportsbook reviews directory.
Online Sports Betting Sites Accepting EUR
Sports betting are the only legal form of online gambling in Cyprus, which means there are a few domestic platforms, but also international operators willing to target the country. As a result, players don’t have to pay conversion fees, because there are several online sports betting sites accepting EUR.