The Maltese government is reportedly likely to succumb to external pressure soon and ratify a Council of Europe initiative against match-fixing in the Macolin Convention, despite years of dispute over what should actually constitute "illegal sports betting".

According to Sunday's report from the Malta Today newspaper, the small island state appears to have finally withdrawn its veto on rules introduced to obstruct illegal gambling activities about seven years ago. The government of Prime Minister Robert Abela is allegedly concerned that any failure to comply with the rules of the Macolin Convention could place his country officially on a "gray list" of risky jurisdictions.

Determination of condemnation:

The newspaper reported that it was intergovernmental

Financial Action Task Force (FATF) organization could hit Malta with this unwanted term tomorrow after the nation The 2014 poll failed anti-money laundering regulations conducted by an expert of this international organization Moneyval committee. This move could allegedly have a detrimental effect on the country's economy and get foreign companies to seek safer environments elsewhere .

Constant difficulty level:

Malta Today reported that protocols related to the Macolin Convention were first introduced in 2014 and have since been ratified by seven The Council of Europe Member States. However, the 28th national authority was allegedly prevented from implementing an anti-match system for the block as a whole because of many years of veto from Malta.

Important translation:

The newspaper said Malta is concerned that the Macolin Convention defines sports betting as "

illegal”If it is the case in a jurisdiction where such activities are prohibited. The nation previously allegedly expressed concerns that the implementation of the proposed legislation could prevent operators legally licensed by its own Malta Gaming Authority against the possibility of expanding or maintaining a business abroad.

Successful consent:

Nevertheless, the threat of listing on the list of potentially suspicious financial jurisdictions prompted Malta to change its position and

to consider the actual possibility of withdrawing your long-term veto towards the implementation of the Macolin Convention. One unnamed older source allegedly told the newspaper that " we'll probably have to bow our head and just take care of it ”While the second revealed that the government continued to demand clarification on the matter.

Pessimistic perspective:

Malta is rumored to be home to a raft of licensed name operators, developers and iGaming vendors providing their products and services players and related companies around the world. These companies allegedly moreover they serve as the main source of tax revenue for the national treasury, although the implementation of the Macolin Convention may now jeopardize this success by forbidding such firms from operating in jurisdictions where their goods " are not allowed ”.