Legalities of taking bets

Mr. Flibble

Does one, or a company, require a license to take a bet? Would Paddy Power for instance have a bookmakers license? Or is it free for all so long as you declare your taxes?

Pj!

I'll take odds that you need a license.

Anyone for a bet?

justshane

im nearly sure you need a bookmakers liscence, quite costy i would imagine.

dsmythy

I'll give you 1/1000000 Forky!

You need a license alright unless you want to be an American style illegal bookie of course!

Pj!

Can I put it in a double with it to rain the the next week? I'll have €5 on if you give me 1/500000

dsmythy

Forky wrote: »

Can I put it in a double with it to rain the the next week? I'll have €5 on if you give me 1/500000

I'll take that bet!*

*Sleet and snow do not count. Maximum bet 99c. At least 5mm of rain must fall at Dublin airport in one day 00.00-23.59 from Thursday January 31st to Thursday February 7th

Pj!

Can I throw in Rafa not to be at L'Pool next season? No need to change the odds.

Mr. Flibble

I take it this is the wrong place to find out how to get a license...

Pj!

Haha, sorry mate. Dunno where you go about it but its a serious business and if you're coming to boards.ie asking where to get a license I'd reckon you aren't taking it serious enough.

Thats if you are trying to get one of course....

jameshayes

Paddy Power Sportsbetting is regulated by the Isle of Man Gambling Supervision Commission under a licence issued under the Online Gambling Regulation Act 2001 on 31 August 2007.

This is at the bottom of the PP page... I presume that you need one if PP has one.. And I presume it's cheaper/easier to get one in the isle of man

Healio

jameshayes wrote: »

And I presume it's cheaper/easier to get one in the isle of man

I believe its for tax purposes

punchestown

[GA] Issue of bookmakers' licences. 7.—(1) Any person to whom a certificate of personal fitness has been given may, within twenty-one days after the issue of such certificate, apply to the Revenue Commissioners in writing in the prescribed form for a bookmaker's licence commencing on such date (being either the next following 1st day of December or a day not more than fourteen days after the date of the application) as he shall specify in the application.

[GA] (2) Every application under this section for a bookmaker's licence shall be accompanied by a photograph of the applicant of the prescribed character and size and taken not more than one year before the date of the application.

[GA] (3) Upon delivery to the Revenue Commissioners of an application under this section for a bookmaker's licence and payment to the Revenue Commissioners by the applicant of the excise duty required by law to be paid by persons taking out such licence as is specified in such application, the Revenue Commissioners shall issue to the applicant a bookmaker's licence in accordance with this section.

[GA] (4) Every bookmaker's licence shall be in the prescribed form and shall state the name and place of residence of the person to whom it is issued and shall have affixed thereto by adhesion the photograph of such person required by this section to be sent by him with the application for such licence, and shall operate and be expressed to authorise such person to act and carry on business as a bookmaker during the period commencing on the date specified therein (which shall be the date specified in that behalf in the application for such licence) and ending at midnight on the next following 30th day of November, but subject and without prejudice to all restrictions and prohibitions for the time being imposed by law in respect of the places in which the business of bookmaking may be carried on.

Mr. Flibble

Cool, cheers.
Looks like its necessary at least.