LV BET

What we know about LV BET

According to our research, the contracting party of LV BET is Fairload Limited (C71200), based at 115B, Suite 3, Old Mint Street, Valletta, VLT 1515, Malta. The platform holds a licence from Malta (MGA/B2C/282/2015).

Legal assessment

Online casino services aimed at Austrian players require a licence in Austria. Without this licence under the Gambling Act, the underlying contract is void. According to the settled line of the Austrian Supreme Court (OGH), losses can be reclaimed retroactively for up to thirty years.

Unlike online casinos, sports betting is generally legal in Austria. A reclaim may be possible through partial legal incapacity under Section 865 Austrian Civil Code. The pathological gambling addiction during the loss period is established by expert opinion in the proceedings, and we organise the specialist medical report together after instruction. A claim is generally economically viable from around 50,000 euros of loss per provider.

The litigation route applies regardless of where the betting provider is based. Even Austrian-licensed online betting providers can be sued, as long as the betting relationship arose online. Betting cafés with cash on site are a different constellation.

How we proceed

The assessment of your case is free of charge. In the event of success, R. M. Prozessfinanzierung GmbH retains from 35 percent of the amount obtained, and the remaining amount goes to the enquiring person. Legal representation is handled by cooperating lawyers. We bear the litigation costs.