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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 the web gambling has moved one action closer: the country’s heritage Committee has requested an impact evaluation on dramatic regulation proposals that could completely open up the market. The committee will closely examine the experiences of other nations, such as Sweden, Denmark plus the UK, before drafting its own legislation that the government hopes to implement year that is next.

Norway presently has some of the gambling controls that are tightest in Europe. Online gambling is largely illegal in the nation, with just two state-owned organizations allowed to offer restricted games of chance to its residents, Norsk Tipping and Norsk Rikstoto. Norsk Tipping offers games like lotteries, keno and some sports betting, and falls underneath the jurisdiction regarding the Ministry of community and Church quick hits fever slot machine online affairs, which ensures that players are just permitted 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, maybe not simply within Norway, but all over the world, really barring Norwegians from us