Ireland’s gambling market will get a new regulatory watchdog, although the new body won’t be in place until late-2020 at the earliest.

On Wednesday, Ireland’s government voted in favor of establishing a new gambling regulatory authority, which will be tasked with overseeing all gambling activity in the Republic, including online betting, via the issuing of licenses and the imposing of penalties on operators who fail to toe the line.

A report prepared by an interdepartmental working group suggested the regulator should also be tasked with monitoring gambling marketing, maintaining sports integrity and banning betting inducements such as issuing credit to customers for gambling purposes. The report also suggested the regulator consider imposing daily, weekly and monthly spending limits for gambling.

However, the government cautioned that the formation of the new body, which will report to the Department of Justice, could take up to 18 months. Minister of State David Stanton said the “ultimate aim” is that the regulator will be “self-financing” through fees and levies paid by companies authorized to conduct gambling activity in the country.