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 aspiration to legalize online gambling has moved one step closer: the country’s Culture Committee has required an effect assessment on dramatic regulation proposals which could completely open the market up. The committee will closely examine the experiences of other countries, such as for instance Sweden, Denmark and the UK, before drafting its own legislation that the government hopes to implement year that is next.

Norway currently has some of the tightest gambling controls in Europe. Online gambling is largely illegal in the united kingdom, with only two state-owned companies permitted to provide limited games of opportunity to its citizens, Norsk Tipping and Norsk Rikstoto. Norsk Tipping offers games like lotteries, keno plus some sports betting, and falls under the jurisdiction of the Ministry of customs and Church affairs, which ensures that players are just allowed to place bets at certain times of the day and imposes restrictions regarding the amount players are allowed to bet. Norsk Riksoto, meanwhile, offers parimutuel betting exclusively for horseracing.

Nothing to Bank On

In 2010, the government passed a law that banned banks that are norwegian processing all forms of gambling transactions, online and live, maybe not simply within Norway, but all over the world, really barring Norwegians from making use of t Continue reading “Norway On Track for Regulated Online Gambling”