Altenar offers cash out feature in Italy, following regulation change

Altenar has introduced a sportsbook cash out product in the Italian market after new legislation made it possible in the country.

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The feature comes after the Italian regulator ADM (Agenzia delle Dogane e dei Monopoli), published the PSQF 4.0 protocol, which came into effect on 28 October.

The legal changes have set the minimum stake per bet in multiples of €1 (£0.86) and the maximum payout at €50,000.

From now on, Altenar’s customers will have the ability to cash out easily at any time, as opposed to 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 a long time coming, and we are thrilled to finally be able to offer the Italian market our cash out product.

“This new legislation has opened the door for us to provide players in Italy a truly well-rounded sportsbook, and Altenar is now better placed than ever to compete at the highest level in this market.”

The ability to cash out in sportsbook betting is common in other European countries, such as the UK, and should see the Italian market become more flexible to customers.

Altenar recently gained certification to enter the Netherlands market, with Altenar saying in a statement: “It’s from a strong core of adaptability that Altenar has been able to secure its foothold in the Netherlands market, but it’s also an attribute to what Altenar has to offer.”

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