Altenar introduced a sports betting cashout product to the Italian market after new legislation made such a launch possible in the country.
The appeal comes after Italian regulator ADM (Agenzia delle Dogane e dei Monopoli), published the PSQF 4.0 protocol, which took effect on October 28. The legal changes set the minimum stake per stake to multiples of €1 (£0.86) and the maximum payout to €50,000.
From now on, Altenar customers will be able to easily cash out at any time, rather than having to wait until the bet reaches its natural conclusion – although this extra choice, of course, makes the betting experience more complex for the sports bettor.
Commenting on the new product feature, Francesco Papallo, Regional Director at Altenar, said: “The introduction of this regulation change has been going on for a long time and we are excited to finally be able to offer our cashout product to the Italian market”.
“This new legislation has opened the door for us to provide players in Italy with a truly complete bookmaker, and Altenar is now better positioned than ever to compete at the highest level in this market,” added Papallo.
The ability to cash out on sports betting is common in other European countries such as the UK and should make the Italian market more flexible for its players.
Alterar achieved certification to enter the Dutch gaming market
Altenar recently obtained certification to enter the Dutch gaming market. The company highlighted the importance of this achievement in an official statement: “It is from a strong core of adaptability that Altenar was able to guarantee its presence in the Dutch market, but it is also an attribute of what Altenar has to offer”.