The Future of Betting in Cyprus: Regulatory Perspectives

This one-hour webinar examines key regulatory and legal requirements for betting operators in Cyprus. It covers National Betting Authority oversight, anti-money laundering obligations, and marketing rules, highlighting common compliance pitfalls and upcoming industry changes.

Level: All levels
Duration: 1 hour
Delivery: Live online
CPD: 1 units

Course overview

Betting regulation in Cyprus keeps changing, and operators face growing demands on anti-money laundering (AML), advertising and player protection. This one-hour webinar covers the main legal and regulatory requirements for betting businesses in Cyprus: the Betting Law and the role of the National Betting Authority, AML obligations, and the rules on influencer marketing and sponsorship. It also looks at where operators most often fall short and what changes are on the way. The session ends with an introduction to three follow-on training programmes that cover each topic in more depth.

What you will learn

Identify the main legal and regulatory requirements for betting in Cyprus, including the role of the National Betting Authority.
Recognise the most common AML risks faced by licensed betting operators.
Explain the basic advertising, sponsorship and player protection rules that apply to betting marketing.
Assess how current industry trends may affect compliance, responsible betting and day-to-day operations.
Identify the areas where they or their teams would benefit from further training.

Syllabus

Cyprus Betting Law and Regulatory Framework

Overview of the Cyprus Betting Law 37(I)/2019, as amended.
Role and responsibilities of the National Betting Authority (NBA).
Main obligations of licensed betting operators.
Where operators struggle with compliance, and what is changing.

AML Compliance: Main Risks and Challenges

AML obligations under Cyprus law and NBA requirements.
Risk-based approach, customer due diligence and transaction monitoring.
Common AML risks in the betting sector.
Internal controls and staff training.

Influencer Marketing, Sponsorship and Player Protection

The NBA Advertising Code of Practice.
Legal issues in influencer marketing and sponsorship agreements.
Advertising restrictions, responsible betting and protection of minors.
New digital marketing channels and the regulatory risks they bring.

Summary and Next Steps

Recap of the main compliance points.
Introduction to the three follow-on training programmes and what each one covers.

Q&A Session

Who should attend

Directors and senior managers of licensed betting operators.
Compliance officers, AML officers, risk managers and regulatory affairs staff.
Lawyers advising on betting, gaming, corporate and regulatory matters.
Accountants, auditors and other financial professionals who work with betting operators.
Marketing, advertising, digital media and sponsorship professionals.
Staff responsible for responsible betting, player protection and customer due diligence.
Anyone who wants a clearer picture of how the betting industry in Cyprus is regulated.

Prerequisites

Training materials

Certification

Issue of a Certificate of Attendance*: Yes

*Certificate confirms attendance only. CPD recognition is subject to the applicable requirements of each professional body or association.

Your trainers

Chrysothemis ValanidouLawyer | Business Solutions Consultant | Professional Trainer | Founder, Startwise Ltd

Chrysothemi Valanidou is a lawyer and regulatory consultant with more than ten years’ experience in the betting and gaming industry. She was previously CEO of a licensed betting operator in Cyprus, where she was responsible for management, corporate governance and regulatory affairs. A member of the Cyprus Bar Association since 2015, she specialises in licensing, AML, responsible gaming, advertising and marketing rules, and corporate law. She is the founder and director of Startwise Ltd, which advises businesses on strategy, business development, corporate matters and marketing, with a focus on meeting legal and regulatory requirements. She also designs and delivers training on AML, responsible gaming, betting law and advertising compliance, drawing on her experience both as a lawyer and as an operator.