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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 evaluation on dramatic regulation proposals that may completely open up industry. The committee will closely examine the experiences of other countries, such as for example Sweden, Denmark plus the UK, before drafting its own legislation that the government hopes to implement the following year.

Norway presently has some of the gambling controls that are tightest in Europe free slot machines quick hits. Online gambling is essentially illegal in the united states, with only two state-owned organizations permitted to supply limited games of chance to its citizens, Norsk Tipping and Norsk Rikstoto. Norsk Tipping offers games like lotteries, keno and some sports betting, and falls beneath the jurisdiction regarding the Ministry of Culture and Church affairs, which ensures that players are just 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 government passed a law that banned banks that are norwegian processing all types of gambling transactions, online and live, maybe not just within Norway, but all over the entire world, basically barring Norwegians fro Seguir leyendo Norway On Track for Regulated Online Gambling