Lotteritilsynet to audit illegal gambling transaction blocks
Lotteritilsynet will be auditing nine Norwegian financial institutions to verify whether they appropriately block transactions to and from unauthorized operators or not.
...
Norway to get rid of the gambling monopoly
Norway’s Conservative Party Høyre plans to end the nation’s long-lasting gambling monopoly by 2028.
Norway is the only Scandinavian country with a state-controlled gambling monopoly. In its latest party manifesto, Norway’s Conservative Party Høyre Nordic nation’s long-standing gambling monopoly. Currently, Norway has two dominants. in the gambling market: Norwegian Tipping and Norwegian Rikstoto. Both Norsk Tipping and Norsk Rikstoto suggest slot machines, lotteries, online gambling, sports betting, and horseracing options for their players.
While the Liberals, the current ruling party in Norway, have to propose detailed changes to the gambling industry beyond addressing addiction, on September 9, the Conservative Party suggested a shift toward a licensed market.
The Conservative Party manifesto said:
“Replace the current monopoly model with a license model to increase revenues for the state, have state control of Norwegian gambling, and greater opportunities to help those struggling with problem gambling.”
Legalizing gambling could boost Norway’s economy, increase state revenues, and protect those who suffer from problem gambling.
Counties that have recently legalized gambling
Recently, many countries have legalized gambling in their territory, including Finland, Sweden, and Thailand. The United Arab Emirates is also considering gambling legalization with Wynn’s UAE project.
FAQs
Is gambling legal in Norway?
Gambling in Norway is legal but is regulated under strict laws.
What is the legal gambling age in Norway?
The legal gambling age in Norway is 18.
What changes is Norway’s Conservative Party proposing?
The Conservative Party Høyre, in their latest manifesto, proposes ending Norway’s long-standing gambling monopoly by 2028. They suggest replacing the monopoly with a license model that would increase state revenues, retain state control over gambling, and provide more opportunities to support individuals struggling with problem gambling
Share:
Over 60% of Norwegian children were exposed to gambling ads
Norway’s gambling regulator has recently published concerns about 60% of Norwegian children being exposed to gambling ads in the past year.The statistics for young...
