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 ambition to legalize on line gambling has moved one step closer: the country’s community Committee has requested an effect evaluation on dramatic regulation proposals that may completely open the market up. The committee will closely examine the experiences of other nations, such as for instance Sweden, Denmark together with UK, before drafting its own legislation that the federal government hopes to implement the following year.

Norway currently has some of the gambling controls that are tightest in Europe. Online gambling is essentially unlawful in the united states, with just two state-owned organizations permitted to provide limited games of chance to its residents, Norsk Tipping and Norsk Rikstoto. Norsk Tipping provides games like lotteries, keno plus some sports betting, and falls underneath the jurisdiction of the Ministry of society and Church affairs, which ensures that players are only allowed to place bets at certain times of the day and imposes restrictions in the amount players are allowed to bet. Norsk Riksoto, meanwhile, offers parimutuel gambling 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 world, really barring Norwegia Continue reading