Sports and betting
San Marino is a niche market with rates within the concession model: only permitted operators can take bets with mandatory KYC/AML and responsible play tools (limits, self-exclusion).
Fans primarily follow football (national assembly, regional tournaments), as well as auto and motor sports, cycling and tennis - often through major events in neighboring Italy.
In demand, standard markets 1X2, totals, handicaps and basic live with cashout; advertising is moderate and highly regulated.
The market is compact and tourist-dependent, with activity peaks in seasons of major sporting events nearby.