Italy’s igaming reset: A new oligopoly emerges

Tuesday, December 9, 2025 8:42 PM
Photo:  Shutterstock
  • Martin Bjoerck, iGaming Business

When Italy activated its long-awaited online gambling overhaul merely a few weeks ago — in November 2025 — it did so with the precision of a state determined to redesign, and not just regulate, its digital betting economy.

What had been trailed for half a decade suddenly materialized in a single stroke: a market of more than 400 operating domains was compressed into a mere 52 licenses, each tied to a single online identity. As the dust settles, Italy’s iGaming market no longer resembles a competitive sprawl of brands, but a concentrated field dominated by heavyweight incumbents.

It has become clear that this reform is a structural reset designed as a move toward transparency, compliance and a regulated, safer market.