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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 on line gambling has moved one step closer: the country’s community 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 countries, such as for instance Sweden, Denmark and the UK, before drafting its own legislation that the federal government hopes to implement next year.

Norway currently has some of the tightest gambling controls in European countries. Online gambling is largely illegal in the united states, with only two state-owned companies allowed to provide limited games of possiblity to its residents, Norsk Tipping and Norsk Rikstoto. Norsk Tipping provides 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 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, provides parimutuel gambling exclusively for horseracing.

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In 2010, the federal government passed a law that banned banks that are norwegian processing all kinds of gambling transactions, online and live, not just within Norway, but all over the planet, basicall