Online Sports Betting in Iceland
Sports betting is very popular in Iceland. In fact, it was one of the first forms of gambling to be legally introduced to Icelanders when Islensk Getspa was founded in 1952. And the company does offer online betting, though this is rather limited. For this reason, bettors usually opt for international online sportsbook sites.
|Is online sports betting legal in Iceland?||Yes.|
|Are sports betting sites in Iceland trustworthy?||Yes.|
|Can I deposit via PayPal/Neteller/Skrill?||Yes.|
|Do online sports betting sites accept ISK?||Yes.|
Online Sports Betting Laws in Iceland
According to the Law on Lotteries, No. 38/2005, bookmakers can apply for a license as long as they comply with the requirements of the Ministry of Justice and Ecclesiastical Affairs. If irregularities are found or operators are caught providing services illegally, they will face the penalties stated in Article 11 of the same law and the Penal Code.
Due to strict regulations, there hasn’t been room for the industry to grow. But there are no reports of the authorities blocking foreign online sportsbook sites, neither of prosecuted players. In this way, Icelanders can freely access offshore platforms that offer several sports to bet on and considerably higher odds. Moreover, they can also claim some of the best online sportsbook bonuses and online sportsbook promotions on those websites.
Online Sports Betting Payment Methods in Iceland
There are several payment methods available when depositing and withdrawing winning. Of course, they are all fully transparent and legitimate, so that operators keep providing bettors with safe and fair environments. Accordingly, the credit and debit cards of VISA and MasterCard are usually accepted, but there are also other alternatives. These include Skrill, Neteller, PayPal or ecoPayz. For more information, consult the online sportsbook reviews directory.
Online Sports Betting Sites Accepting ISK
The offer is still very small within the country, which is why operators, try to create strategies that appeal to Icelanders such as online sports betting sites accepting ISK. As a result, bettors are exempt from conversion fees.