Oulala.com has now officially been handed the first official B2B skill games licence from the MGA (Malta Gaming Authority). The daily fantasy sports platform provider has successfully reached its long awaited milestone which was to get regulated within a different activity rather then iGaming in general.
With lack of proper regulations in the UK regarding Daily Fantasy Sports, Oulala needed a remote gambling license in order to properly offer it services in the UK market and that is what they did.
At first, European regulators did not show very much interest in exploring the Daily Fantasy Sports option as a source of new income for the country and the economy. However, Maltese regulators realised that there could be some good potential in DFS regulation that can positively impact the economy in the near future.
Benjamin Carlotti, co-founder and Managing director at Oulala said that;
"The MGA was in fact the first regulator to acknowledge our needs"
He also expressed his excitement about the situation when saying
''We are incredibly proud to be participating in the development of a licensing framework that regulates skill-based games, fantasy sports included. This was a highly significant step in the right direction, and our hope is that other European regulators will soon follow suit.''
Oulala is one of the best DFS and award-winning fantasy football platform for API integration as well as a complete turnkey solution provider for all those wishing to immerse themselves into the world of online Daily Fantasy Sports.
The Malta Gaming Authority has been working on this licence for 2 years now of which is giving some exciting results. The new category of controlled skill games will specifically regulate DFS as a game of skill and not as gambling.
MGA's Executive Chairman, Joseph Cuschieri said during the presentation that
"The Malta Gaming Authority is pleased to be issuing a B2B licence for fantasy sports to OulalaGames Ltd under the new skill games regulations. The regulatory framework ensures a high standard of player protection and game fairness whilst allowing operators space for growth and innovation. It is for this reason that operators such as Oulala have chosen Malta as their primary place of establishment."
We truly wish all the success possible to Oulala in their new and exiting looking future!