Remote operators that want to offer markets to Irish customers, such as RaceBets, are required to obtain this licence regardless of where they are based.
The company has been offering full betting coverage of UK & Irish racing, since 2012.
RaceBets is now one of the most-recognised brands in the global horse racing betting industry.
The company offers betting on races taking place in 40 different countries – that is three times as many as RaceBets’ nearest rival.
The granting of the Irish licence follows the recent announcement by RaceBets that they also received the full UK gambling licence on 10th August 2015.
Patrick Byrne, RaceBets’ Managing Director, responded to the news by saying ”When the new legislation was introduced, we took the time to implement measures to ensure we were fully compliant.
“We are delighted that we can now operate with a full Irish licence”.
He also added “This is another milestone moment for RaceBets, as we continue to grow our brand in a country steeped in horse racing tradition.