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Norway On Track for Regulated Online Gambling

4 Mar , 2020,
Beth Weissman
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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 customs Committee has requested an impact evaluation on dramatic regulation proposals which could completely open the market up. The committee will closely examine the experiences of other nations, such as for example Sweden, Denmark and the UK, before drafting its own legislation that the federal government hopes to implement year that is next.

Norway presently has some of the gambling controls that are tightest in Europe. Online gambling is basically illegal in the country, with only two state-owned organizations permitted to supply limited games of opportunity to its residents, Norsk Tipping and Norsk Rikstoto. Norsk Tipping offers games like lotteries, keno and some sports betting, and falls underneath the jurisdiction associated with the Ministry of customs and Church affairs, which ensures that players are merely allowed to place bets at certain times of the time and imposes restrictions on 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 banks that are norwegian processing all forms of gambling transactions, online and live, maybe not just within Norway, but all over the world, basically bar

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