Online Casinos in Iceland
According to online casino news sites, gambling has existed in Iceland for centuries. But the first attempt to regulate the gambling market was only in 1926 and under this law casino gambling became formally illegal, which still happens nowadays. As Icelanders cannot play in any brick and mortar casino, they usually turn to online casino sites in Iceland.
|Are online casinos legal in Iceland?||No.|
|Are casino sites in Iceland trustworthy?||Yes.|
|Can I deposit via PayPal/Neteller/Skrill?||Yes.|
|Do online casino sites accept ISK?||Yes.|
Online Casino Laws in Iceland
Although there have been amendments to the previous act, the Law on Lotteries, No. 38/2005 still did not mention casinos. Presumably, then, it remains illegal to play these games both in its land-based and online form. Therefore, there are no Icelandic casino licenses on the offer. Further regulations derive from the Penal Code, which adds to the penalties that one can receive for gambling or providing these games.
However, and due to the fact that there are no domestic online casino sites in Iceland, Icelanders usually access platforms that operate with a license from elsewhere, namely the European Union, as it falls out of the country’s jurisdiction. Moreover, authorities are not actively blocking those websites and players are not prosecuted. On international platforms, they are not only offered several casino games, but also some of the best online casino bonuses and online casino promotions.
Online Casino Payment Methods in Iceland
There are many payment methods available when depositing and withdrawing winnings. Of course, they are all transparent and legitimate, so that operators can keep providing gamblers with safe and fair environments. Accordingly, the credit and debit cards of VISA and MasterCard are fully accepted. But there are also alternatives that are as efficient. These include Skrill, Neteller, ecoPayz or PayPal. More information is available on the online casino reviews directory.
Online Casino Sites Accepting ISK
Although the law prohibits certain forms of gambling such as casino games, there is still a market in Iceland that operators are interested in targeting. As a result, it is possible to find some online casino sites accepting ISK, which allows gamblers to be exempt from conversion fees.