Iceland iGaming market: regulation and data, CasinoRank

Online casino: ProhibitedLegal online products come only from state operators.
Regulator: Ministry of JusticeStart of regime not yet established
Legal basis: Lög um happdrætti (Act on Lotteries), No. 38/2005Knowledge base, 2026-10-08
Research coverage: 58% 7 of 12 applicable fields, 1 conflicting. How it is scored

Legal status by product

Baseline research contract v1.1

Product	Finding	State	Source
Online casino	Prohibited	Known	Knowledge base, 2026-10-08
Sports betting	State monopoly	Reported	Research, Oct 2026 (2 sources)
Online poker	Not yet established. Research queued.	Unknown	None
Lottery	State monopoly	Reported	Research, Oct 2026 (2 sources)
Land-based casino	Prohibited	Reported	Research, Oct 2026 (2 sources)

Desk research and the knowledge base disagree on one finding. Both are shown until a primary source resolves them.

Regulation

Licensing model: Online prohibited (knowledge base) / State monopoly (desk research)Knowledge base, 2026-10-08
Governing law: Lög um happdrætti (Act on Lotteries), No. 38/2005Knowledge base, 2026-10-08
Citation: Lög nr. 38/2005 (13. maí 2005)Knowledge base, 2026-10-08
Minimum age, online: 18 yearsKnowledge base, 2026-10-08

Regulators covering Iceland

Ministry of Justice (Iceland)0 licensed brands

Brands in the knowledge base holding each regulator's licence, as of 2026-10-15.

Licensed and offshore brands

Knowledge base, as of 2026-10-15

How many brands hold a licence that covers Iceland, and how many say they accept players from it. A brand saying it accepts players is a declaration in its own terms, not proof of traffic or of a local licence.

Brand access declarations for Iceland, of 1,721 brands tracked

Accept players from Iceland56933.1%
Exclude Iceland in their terms37521.8%
No declaration77745.1%

Hold a licence covering Iceland0brands

List Iceland as a focus market39brands

Offers marked available3welcome offers

Brands serving Iceland Licence status, access terms and offer history per brand

The brand list, licences and how access terms changed over time are in the enterprise dataset.

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Market data

Enterprise

Market share by brand Part of the Iceland dataset Search visibility by brand and affiliate Part of the Iceland dataset Offer benchmarks Part of the Iceland dataset

What would change this page

In progressA government proposal from November 2025 would create a central regulator; it was still before parliament in 2026.

Licences granted, suspended or revoked by the regulator
Changes to stake, deposit, bonus or advertising rules
Tax changes for operators or players
A change in brand access declarations of more than 5% in a month

Latest on Iceland

No news about Iceland yet.

All news

Other state monopoly markets

Market	Region	Accept players	Exclude	Focus market	Offers
Iceland	Europe	569 33.1%	375	39	3
Åland Islands	Europe	0 0.0%	394	2	0
Austria	Europe	627 36.4%	440	294	173
Faroe Islands	Europe	0 0.0%	386	2	0
Moldova	Europe	434 25.2%	562	3	1
North Macedonia	Europe	557 32.4%	383	1	2
Norway	Europe	704 40.9%	369	221	248

Not legal advice

This describes the law and its evidence. It does not tell anyone what they may do.

Independent of placement

No brand pays to appear in this data. Research coverage is decided separately from commercial activity.

Gaps stay visible

Unknown and conflicting items stay on the page until a primary source resolves them.

Sources

Iceland gambling supervision (SBC News)sbcnews.co.uk
Government of Iceland: Ministry of Justicestjornarradid.is

Identifier: CR-JUR-IS
Research depth: Baseline
Desk research: Oct 2026
Knowledge base snapshot: 2026-10-15
Sources: 2 cited, low confidence