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Santa Casa da Misericórdia de Lisboa (SCML) managed in the early 2000's to expand its monopoly in the Portuguese market in internet betting. Specifically, SCML was the only one to be licensed to operate online in Portugal with the adoption of legislative decree 282 in 2003. Local authorities have banned operators who continue to welcome Portuguese punters.
The situation changed in 2015 when Portuguese authorities made a significant move towards the liberalisation of the local market in gaming, when they chose to grant foreign bookmakers licences. The Decree-Law No. 66 was issued on 29 April 2015, and the Legal Regime of Online Gambling and Betting (RJO) was created. When it formally enters into effect on 28 June 2015, this will be the principal regulatory legislation for any online betting business in the nation. It should also be noted that the RJO has been modified three times since it entered into force on 29 December 2017.
Multibanco is the most popular deposit method among Portuguese bettors. This interbank mechanism allows gamers to make immediate bank transfer deposits free of charge. The only drawback is that it can not be used as a means of withdrawal. Besides Multibanco, credit/debit card payments are also common and all other internationally popular payment options, such as e-wallets such as Neteller, Skrill, and vouchers like Paysafecard, are the same thing.
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