Norwegian Culture Minister Thorhild Widvey is seeking to liberalize Norway’s online gambling laws.
Norway’s ambition to legalize on the web gambling has moved one action closer: the country’s community Committee has requested an impact evaluation on dramatic legislation proposals which could completely open up industry. The committee will closely examine the experiences of other countries, such as 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 tightest gambling controls in Europe. Online gambling is basically unlawful in the country, with only two companies that are state-owned to offer restricted games of opportunity to its residents, Norsk Tipping and Norsk Rikstoto. Norsk Tipping provides games like lotteries, keno plus some sports betting, and falls under the jurisdiction associated with Ministry of community and Church affairs, which ensures that players are merely allowed to place bets at certain times of the time and imposes restrictions regarding 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 forms of gambling transactions, online and live, not simply within Norway, but all over the entire world, basically barring Norwegian Continue reading “Norway On Track for Regulated Online Gambling”