The month of October hasn’t brought any groundbreaking changes, except for the fact that Brazil is a step closer to welcoming online sports wagering. As for Europe, Albania will join the countries where sports betting is regulated while Malta and Italy went live with new measures related to player protection.
This insightful report will give you an overview of key changes in South America, Canada, and the United States. It will also address the most recent updates from Europe and Asia, giving you an all-encompassing retrospective of the most significant regulations worldwide.
South America Highlights
Argentina: By publishing a resolution in the Official Gazette, the government of Mendoza has officially welcomed sports betting and online casinos.
Brazil: The country is closer to having online sports betting regulated, as president Jair Bolsonaro finalized Bill 846/2018 which permits this activity. On the other hand, Bill 442/9 which would greenlight casinos, bingo halls, “the animal game” and online gambling would be vetoed.
Worth adding is that the duty of regulating online sports betting is transferred from the Ministry of Economy to the Ministry of Justice. Moreover, Governor Izolda Cela presented a Bill that aims to permit the expansion of gambling in the state via the private sector.
Chile: Following the approval from the Sports Commission in the Chamber of Deputies, any type of sports betting advertising during sporting events will not be permitted.
Updates from Canada and United States
Ontario: Unlicensed operators need to exit the market before October 31, 2022. In case they fail to do so, they could not only face regulatory action but have the license application revoked as well, in case they submit it in the future.
IGT received five-year approval from OLG, thanks to which the company may install 1,400 self-serve lottery terminals at retailers across the province.
Saskatchewan: PlayNow online betting and gaming platform starts operating on November 3, 2022.
Massachusetts: Although the launch of the state’s retail sports betting market is expected to take place on January 29, 2023, the exact date depends on the number of applications.
Summary of Updates from Europe
Albania: The country seems to be closer to opening its door to sports wagering, as Prime Minister Edi Rama instructed the Government to draft the necessary regulations regarding this activity. Other than the fact that both local and foreign operators will be permitted to apply, and the suggestions on the implementation of max bet levels, no other info is disclosed.
Italy: New set of regulations regarding sports betting and non-sports event betting (except for horse racing), was published. Some of the changes to take place include the decreased stakes (from €2 to €1) and leveled up max winnings (from €10k to €50k).
Malta: MGA presented new guidelines for license holders, unveiling five markers of gambling-related harm each approved operator would have to pay attention to.
Sweden: Spelinspektionen plans to launch the B2B licensing process on March 1, 2023. If everything goes as planned, the new licensing regime could be implemented starting July 1, 2023.
Newest Regulations in Asia
Japan: The National Police and Consumer Affairs Agencies noted that Japanese citizens are strictly prohibited from gambling on foreign betting platforms. This activity is classified as a crime and people caught exercising it risk getting fined or imprisoned.
Philippines: Presented by Senator Joel Villanueva, the Anti-Online Gambling Act bans all forms of online gambling in the country. Consumers who gamble illegally could face imprisonment or penalties.
SOURCE: H2 Gambling Capital, October 2022
The post Newest Set of Gambling Regulations Worldwide – October 2022 Report first appeared on RealMoneyAction.com.