There will be a weekly deposit limit in Belgium

There will be a weekly deposit limit in Belgium

The deposit limit will apply to all players when the Royal decree comes into effect on October 20.

Each week will be calculated on the last seven days of activity and will move continuously, the decree said, with all players’ limits to be reset to 200 when the decree enters into force in October.

There is a provision in the decree for players to request an increase in the deposit limit. If the player is listed in the Central Individual Credit Register of the National Bank of Belgium as being in default of payment, the operator must first notify Belgium’s Gaming Commission.

Three days after the request is made, the deposit limit can be removed if the player is not listed.

The BGC will monitor players who have had their deposit limit removed to make sure they don’t default on their payments. If a player is flagged, they will have their weekly deposit limit restored.

The operator will have to process the lower deposit limit request immediately. Each operator with which the player has an account is required to make such requests.

To avoid becoming a problematic gambler and to keep the game fun, it is recommended not to spend more than 5% of your income on gambling. If you win 2,000, your deposit limit should not be more than 25 per week.

The new royal decree came after the Council of State in Belgium upheld the BGC’s interpretation of a number of rules, including its decision to enforce deposit limits even though the steps for these limits to be increased cannot be implemented yet.

Some restrictions, such as one on minimum self-exclusion times, were overturned.

Summary:

Belgium’s Gaming Commission (BGC) has announced that a new royal decree will come into effect from 20 October, with the deposit limit to apply to all players across all verticals. Each week will be calculated on the last seven days of activity and will move continuously, the decree said, with all players’ limits to be reset to 200 when the decree enters into force in October.