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

Norway currently has some of the gambling controls that are tightest in Europe. Online gambling is largely illegal in the united states, with just two companies that are state-owned to provide restricted games of chance to its residents, Norsk Tipping and Norsk Rikstoto. Norsk Tipping offers games like lotteries, keno plus some sports betting, and falls beneath the jurisdiction associated with the Ministry of community and Church affairs, which ensures that players are just permitted to place bets at certain times of the time and imposes restrictions in the amount players are allowed to bet. Norsk Riksoto, meanwhile, provides parimutuel betting 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 entire world, essentially barringContinue reading