Connect with us

EMEA

IBIA and NBO Join Forces to Advocate for Open Online Gambling in Norway

Published

on


Pioneering Change: IBIA and NBO Collaborate to Reform Norway’s Gambling Sector

In a landmark move, the International Betting Integrity Association (IBIA) and the Norwegian Industry Association for Online Gaming (NBO) have inked a Memorandum of Understanding. This partnership signifies a united front in advocating for a competitive, regulated Norwegian online gambling market, challenging the country’s current state monopoly.

Aligning for a Regulated Market

The MoU between the IBIA and NBO marks a crucial step towards promoting a licensed gambling framework in Norway. Despite Norway’s firm grip on gambling through state-run entities Norsk Tipping and Norsk Rikstoto, this new alliance aims to create a cooperative platform for advocating regulatory changes. Both organizations emphasize the need for a licensing regime that benefits all stakeholders.

Challenging the Monopoly: A Call for Open Competition

By supporting the call to open Norway’s market, the IBIA and NBO are confronting a longstanding state monopoly. They argue that a lack of licensing for regulated betting operators impedes market oversight, consumer protection, and effective betting integrity measures. The collaboration seeks to highlight these issues and propose viable solutions for a more open gambling environment.

Addressing Offshore Betting Revenue

H2 Gambling Capital’s projections suggest that a significant portion of Norway’s online betting revenue may flow to offshore operators by 2024. This trend underscores the urgency of the IBIA and NBO’s mission to establish a comprehensive and regulated gambling framework, prioritizing consumer protection and betting integrity.

Advertisement

Norwegian Government’s Current Stance

Contrasting with neighboring Finland’s shift towards ending its gambling monopoly, the Norwegian government has shown little interest in opening its market to private operators. Instead, recent legislative proposals suggest a move towards stricter enforcement actions, including DNS blocking measures against unlicensed gambling sites. This approach, while aimed at protecting consumers, presents challenges to the IBIA and NBO’s advocacy efforts.

Conclusion:

The Memorandum of Understanding between the IBIA and NBO represents a pivotal moment in the quest for a regulated online gambling market in Norway. By joining forces, these two influential bodies aim to reshape the Norwegian gambling landscape, advocating for a system that balances regulation with open competition. As they navigate the complexities of government policies and market dynamics, their collaboration could potentially herald a new era for Norwegian gambling, benefiting players, operators, and regulators alike.

Jerome, a valuable addition to the Gamingo.News team, brings with him extensive journalistic experience in the iGaming sector. His interest in the industry was sparked during his college years when he participated in local poker tournaments, eventually leading to his exposure to the burgeoning world of online poker and casino rooms. Jerome now utilizes his accumulated knowledge to fuel his passion for journalism, providing the team with the latest online scoops.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

EMEA

Dutch Regulator Intensifies Supervision in 2024 to Ensure Safe Gambling

Published

on


Dutch Regulator KSA’s 2024 Supervisory Agenda Targets Responsible Gambling

As a seasoned gambling professional, staying updated on regulatory agendas is crucial for navigating the ever-evolving landscape of the industry. The Dutch gambling regulator, Kansspelautoriteit (KSA), has unveiled its ambitious Supervisory Agenda for 2024, outlining strategic initiatives to reinforce responsible gambling practices and combat illicit operations. In this comprehensive guide, we delve into the key objectives set forth by the KSA, shedding light on the regulatory priorities shaping the Dutch gambling landscape in the coming year.

The KSA’s Supervisory Agenda for 2024 underscores its unwavering commitment to promoting responsible gambling and safeguarding consumer welfare. Central to its mission is the amplification of “Safe Play” measures, aimed at fostering a secure and transparent gambling environment for all stakeholders. With a renewed emphasis on regulatory oversight, the KSA aims to bolster its supervisory framework to address emerging challenges and uphold the integrity of the Dutch gambling market.

In its pursuit of regulatory excellence, the KSA will intensify its scrutiny of operators’ duty of care measures, emphasising the importance of proactive interventions to prevent problem gambling behaviours. By implementing a data-driven approach to risk-based monitoring, the regulator aims to identify and mitigate potential harm swiftly, ensuring that operators fulfil their obligations to prioritise player protection.

Furthermore, the KSA’s agenda for 2024 includes targeted measures to disrupt the supply chain for unlicensed online gambling. Recognising the proliferation of illicit operators, the regulator will employ investigative tactics to dismantle unauthorised gambling networks and hold perpetrators accountable. Through rigorous enforcement actions and collaboration with law enforcement agencies, the KSA seeks to root out illegal gambling activities and preserve the integrity of the licensed gambling sector.

Advertisement

A key focal point of the KSA’s supervisory efforts will be the enforcement of advertising regulations, with a particular emphasis on safeguarding vulnerable demographics, including young people. In response to recent findings highlighting breaches in advertising standards, the regulator remains steadfast in its commitment to curbing irresponsible marketing practices and promoting socially responsible advertising within the gambling industry.

In a recent revelation, the KSA unveiled the results of its investigation into unlicensed gambling advertising, exposing widespread non-compliance among affiliate sites. Of the 33 gambling websites scrutinised, 14 were found to have flouted regulations, including targeting individuals who had self-excluded from gambling activities. Such violations underscore the urgency of the KSA’s enforcement efforts to curb illicit advertising practices and protect consumers from exploitative marketing tactics.

As the Dutch gambling landscape evolves, the KSA’s Supervisory Agenda for 2024 serves as a beacon of regulatory diligence and consumer protection. By prioritising responsible gambling initiatives and cracking down on illicit operators, the regulator reaffirms its commitment to fostering a safe, fair, and sustainable gambling environment for all. As industry professionals, it is imperative to align with the KSA’s vision and actively contribute to the advancement of responsible gambling practices in the Netherlands.

Advertisement

Continue Reading

Trending

Gamingo.News stands as a premier digital destination dedicated to delivering top-tier news and insights in the gaming and gambling industry. This specialized media outlet garners the attention of over 120,000 readers each month, providing them with engaging content, current news, and in-depth analyses.
The platform offers extensive coverage of various facets of the gaming world, including both online and brick-and-mortar gaming, wagering, esports, updates on regulations and compliance, as well as technological innovations. Regular content includes daily news stories, press releases, unique interviews, and comprehensive reports on events.
Moreover, Gamingo.News organizes webinars pertinent to the industry and offers detailed reports, establishing itself as a comprehensive information source for those interested in learning about gaming market operators, suppliers, regulators, and professional services. The portal's main objective is to keep its large audience informed about the latest news, trends, and developments in the gaming and gambling sectors. It focuses particularly on the European igaming market but also covers significant global news, proving to be an invaluable tool for gaming professionals, operators, and enthusiasts.

For inquiries, reach out at: sales@gamingo.news

For editorial or PR submissions, contact: media@gamingo.news

Copyright © 2024 Gamingo.News.