All posts tagged: lossbased

Dutch regulator KSA issues ruling on loss-based bonuses

Dutch regulator KSA issues ruling on loss-based bonuses

The Kansspelautoriteit (KSA) has acted to enforce a stricter ruling around loss-based bonuses following a wide-ranging investigation. Specifically, the Dutch gaming regulator has changed the terminology around its guidelines on cashback bonuses to address concerns on the matter and for the purposes of good legislation. As reported by Gambling Insider, the probe found a problem with the existing terms, leading to the adoption of the term “bonus based on loss,” which will be implemented immediately. Cashback incentives, a familiar feature across online casinos and sportsbooks, tend to operate on a loss-based model where players receive a part of their losses back as free bets or spins. KSA is concerned as it believes all forms of this type of bonus contravene the Dutch Gambling Act, which prohibits the practice in the Netherlands due to fears the bonuses encourage increased risk-taking, higher stakes betting, and an increase in the frequency of play. Following the investigation, the KSA issued a formal warning to one license holder who was found to have offered such a bonus. In contrast, others …