German Betting Regulator Allegedly Lifts License Hurdle for Dazn
Get Ready for Dazn Bet in Germany!
Looks like Dazn Bet is gearing up to join the German betting market, following in the footsteps of giants like Tipico and 888. If the rumors are true, the national regulator, GGL, would've given the green light for the debut of the dedicated Daznbet.de domain in the nation.
As of now, trying to access the website brings up a pop-up requesting a username and password – an indication that the launch could be happening soon. This would be the third country for Dazn Bet, as it already made its mark in Spain and the United Kingdom earlier this year.
Betting on the Rise for Dazn Bet
While many might find it surprising, the expansion of Dazn Bet into the betting industry is no fluke. This company has been growing globally for a while now. Back in January 2022, they brought on board a gambling veteran, Shay Segev, as their CEO, signaling their intention to venture beyond just streaming subscriptions and raking in revenue from broadcasting rights.
In many ways, Dazn Bet is mimicking the path trodden by FuboTV. Remember when they attempted to incorporate an integrated sportsbook into their dedicated streaming platform? Well, they ultimately scrapped the idea, as it didn't seem promising for shareholder value. But Dazn Bet is feeling confident that they can avoid such a pitfall.
Dazn Bet's presence in Germany hasn't been officially confirmed, thanks to a lack of explicit information. However, Dazn itself, with its strong broadcasting rights and market reach in Germany, holds exclusive live rights for major football leagues like LaLiga, Bundesliga, and Serie A for the upcoming years[2][4]. This indicates that they're here to stay in the German sports media market.
If Dazn Bet does manage to secure the necessary approval from the Gemeinsame Glücksspielbehörde der Länder (GGL), Germany's national regulator for sports betting services, expect to see some exciting action in the German betting scene!
If Dazn Bet successfully secures approval from the German regulator, Germany's national regulator for sports betting services known as GGL, it will expand its business from sports media to finance by introducing a dedicated sportsbook, joining the competitive German betting market, similar to Tipico and 880. With technology and innovation as its vital components, Dazn Bet aims to distinguish itself from its competitors, following the footsteps of FuboTV, yet striving to avoid the pitfalls experienced by the latter in integrating a sportsbook.
