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It ensures that operators meet industry standards and protect players. The Commission also issues licenses to leading iGaming companies operating in the country. However, the Bulgarian gambling market is not yet fully legal. Nonetheless, the potential for legalization has been promising for—–843169 years.

Legality of online casinos in Bulgaria

If you are planning to set up a casino on Bulgarian soil, you’ll have to look into the legality of real money online casinos in Bulgaria. This country’s gaming laws are regulated by the Bulgarian Gambling Act, which has been amended over the years. The Act is the legal framework for land-based and online casinos in the country, and it governs everything from the licensing process to the security of gaming data. Furthermore, the State Commission on Gambling is responsible for overseeing regulation, auditing, and taxation.

Despite the hefty taxes, the Bulgarian government has made it possible to operate online casinos. The Bulgarian government established a regulatory framework in 2008, which allowed gambling companies to operate in the country. A license was required of gambling companies from any EU member nation, and these companies could operate legally in Bulgaria. The tax rate was originally 15%, but the government recently reduced this to 20% of gross gaming revenue.