Lawyering in the Online Gambling Sector Part 2 - Non-legal Aspects of the In-house Work

Martin Lycka , Legal Counsel , Betfair Limited

Being an in-house lawyer does not only require top class knowledge of a requisite number of different areas of law but also an in-depth understanding of the products sold by the business as well as non-legal elements that may affect its performance, in particular taxation. This is even more the case in the online gambling sector where competition is tough, regulation is very strict and taxation can seriously impact the future success of the business and its more innovative products. This article will deal with some non-legal aspects of the work of in-house lawyers in the online gambling industry, focussing on the taxation of gambling products and the necessity of cooperating effectively with in-house and external tax advisers, to be able to advise on and deliver external messages about non-legal aspects of the business. It will also deal with the regulatory, tax and other issues associated with the operation of betting exchanges, one of the most innovative products offered across the global online gambling industry. It will highlight some of the challenges an in-house lawyer may face if his objective is to get the innovative products, which some people may find complex, or even controversial, albeit for no good reason, regulated in a new jurisdiction.

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UK Management Gambling September 2014 Vol. 7, No. 28, Summer 2014

Martin Lycka

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Dr. Martin Lycka, LL.M. has worked in the Legal Department of Betfair since September 2009 focusing on EU and competition law as well as regulatory issues. Before joining Betfair Martin worked with Clariant SA, Aliachem, a.s., The Ministry of Foreign Affa

Betfair Limited

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Betfair is one of the world’s largest international online sports betting providers and pioneered the first successful Betting Exchange in 2000. The Betting Exchange, where customers come together in order to bet at odds sought by themselves or offered by

UK Management Gambling September 2014 Vol. 7, No. 28, Summer 2014