Cyprus tightens gambling oversight as regulated betting turnover tops €1.3 billion in 2025

Cyprus is moving into the next phase of gambling regulation after regulated betting turnover passed €1.3 billion in 2025. The part that matters for PSPs and B2B suppliers: the National Betting Authority is now looking at direct supervision for technology providers, not just the licensed operators they serve.

1. The market is regulated under the Betting Law of 2019, which currently covers licensed retail sports betting operators and online sports betting companies through two licence types. Class A licences apply to land-based betting operators, while Class B licences cover online sports betting businesses operating legally within Cyprus.
2. Licensed operators pay a 10 percent tax on net betting revenue plus an additional statutory contribution of 5 percent. Of that extra contribution, 4 percent goes to sports development projects and 1 percent funds programmes aimed at protecting young people and reducing gambling-related harm.
3. According to the National Betting Authority, regulated betting turnover in 2025 rose by approximately 8 percent compared with the previous year. Online betting remains the largest segment of the regulated industry, while retail betting shops continue to contribute to employment and the national economy.
4. Panagiotis Trisokkas, President of the National Betting Authority of Cyprus, said the current framework has helped establish a stable and well-regulated market, but additional reforms are needed because technology suppliers now play an increasingly important role in the global gambling industry.
5. One of the main proposals under consideration is to bring business-to-business gambling technology suppliers under direct regulatory supervision for the first time. The companies in scope include firms developing gaming platforms, betting software, trading services, risk management tools and other technology used by licensed operators across Europe and other regulated markets.

For high-risk businesses, the key signal is not just market growth but regulatory reach. Cyprus has already built a two-licence betting framework with operator taxes and statutory contributions; the next step appears to be moving closer to the B2B layer that sits underneath the licensed brands.