Norway On Track for Regulated Online Gambling

Norway On Track for Regulated Online Gambling

Norwegian Culture Minister Thorhild Widvey is seeking to liberalize Norway’s online gambling laws.

Norway’s ambition to legalize on line gambling has moved one action closer: the country’s community Committee has requested an impact assessment on dramatic regulation proposals that could completely open up the marketplace. The committee will closely examine the experiences of other nations, such as for instance Sweden, Denmark plus the UK, before drafting its own legislation that the federal government hopes to implement the following year.

Norway presently has some of the gambling controls that are tightest in European countries. Online gambling is largely illegal in the united kingdom, with only two state-owned companies permitted to supply limited games of possiblity to its residents, Norsk Tipping and Norsk Rikstoto. Norsk Tipping offers games like lotteries, keno plus some sports betting, and falls under the jurisdiction associated with the Ministry of Culture and Church affairs, which ensures that players are merely allowed to place bets at certain times of the time and imposes restrictions in the amount players are allowed to bet. Norsk Riksoto, meanwhile, offers parimutuel wagering exclusively for horseracing.

Nothing to Bank On

In 2010, the federal government passed a law that banned Norwegian banks from processing all kinds of gambling transactions, online and live, not simply within Norway, but all over the planet, es „Norway On Track for Regulated Online Gambling“ weiterlesen