How the iGaming Market Is Regulated in the Baltics 2021-02-03 The Baltic region is home to three sovereign republics, Latvia, Estonia, and Lithuania, all of which lie on the east coast of the Baltic sea. All three states boast membership in the European Union (EU) and are part of the European Economic Area (EEA). They are known for their liberal outlook and flat tax rates. The countries successfully transitioned to market-driven economies once they regained their independence after the collapse of the Soviet Union. Their progressive approach extends to gambling. All three Baltic states have introduced adequate regulatory frameworks that aim to protect residents from the dangers associated with playing at unregulated offshore websites.