The Gambling Regulatory Authority of Ireland (GRAI) has signed a brand new Memorandum of Understanding (MoU) with the Gibraltar Gambling Commissioner, furthering its efforts to set up cooperative frameworks with fellow playing regulators as Ireland prepares to open its regulated market.
Signed on June 25 in Dublin by GRAI CEO Anne Marie Caulfield and Gibraltar Commissioner Andrew Lynam, the settlement is meant to assist joint oversight of playing operators which can be lively in each jurisdictions. It outlines broad rules of cooperation and creates a basis for ongoing collaboration between the 2 regulatory our bodies.
Third MoU Ahead of Licensing Launch
This settlement is the third in a deliberate collection of MoUs GRAI intends to finalize with worldwide counterparts. As said within the GRAI’s official launch on grai.ie, the aim of those memorandums is to create “information sharing agreements with other regulatory bodies” upfront of Ireland’s first section of playing licensing.
GRAI emphasised the worth of the partnership with Gibraltar, describing the regulator’s involvement as particularly useful in the course of the authority’s preliminary growth section. “The Gibraltarians have given their time generously in the set-up phase of the GRAI and their support and advice has been greatly received,” the assertion famous.
Commitment to Cross-Border Supervision
The MoU units out a transparent framework to allow efficient cooperation between the 2 jurisdictions, significantly the place operators maintain licenses in each areas. The deal permits the authorities “to more easily tackle illegal gambling, share best practices and follow the latest developments in the sector.”
In asserting the settlement, Anne Marie Caulfield underscored the significance of formal regulatory ties: “This Memorandum of Understanding signed with the Gibraltarian Gambling Commissioner Andrew Lynam, representing the Gibraltar Regulatory Authority is a significant step in formalising the working relationship between regulators in Ireland and Gibraltar.”
She added: “Given how many Gambling Operators are active in both jurisdictions this Memorandum of Understanding will be the first step in cementing what will be a positive and mutually beneficial working relationship between both organisations.”
The GRAI additionally expressed appreciation to Lynam and his staff for his or her persevering with assist: “We would also like to take the opportunity to welcome Andrew Lynam, CEO of the Gibraltar Regulatory Authority to Dublin and to thank him, and his team, for their ongoing support and assistance to GRAI.”
Part of a Broader International Strategy
This partnership is consistent with GRAI’s broader initiative to guarantee coordinated supervision throughout borders, particularly in a transnational business the place many operators perform underneath a number of licenses. The authority continues to prioritize constructing relationships with different regulators to improve its oversight capabilities.
The MoU with Gibraltar follows shortly after GRAI’s response to its first public session on the Gambling Regulation Act 2024, which addressed considerations about equity and transparency raised by business stakeholders. The regulator reaffirmed its dedication to constructing a secure and accountable playing surroundings by means of well-regulated practices.
By laying the groundwork for cross-jurisdictional collaboration, the settlement with Gibraltar positions each regulators to higher handle shared tasks and promote excessive requirements of oversight. Further MoUs are anticipated as GRAI approaches the subsequent stage of regulatory implementation.
Source:
GRAI signs Memorandum of Understanding with Gibraltar as part of its MOU series with fellow gambling regulators, grai.ie, 25 Jun 25.
