Online gambling is ceaselessly increasing in South Africa and the continent at large. And with the Democratic Alliance political party controlling gambling activities, the issue of not having the regulatory gambling bill looked into has finally been laid to rest.
One of the party’s press briefings made it known that the bill is yet to be thoroughly discussed and passed into law. However, “…by not regulating this gambling activity, the erosion of the rule of law and criminal activity is being encouraged, while the public is not effectively protected,” the Democratic Alliance party expressed.
In light of this, online bettors are admonished to note the areas in these regulations will take their entire course once signed into law.
First, regulating and issuing licenses to online betting companies by provincial authorities will be fully backed by law. On this note, the bill will cover all the processes online betting companies need to undergo before obtaining their licenses.
Lastly, the regulations will curb all gambling ads and protect customers’ data. This implies that its full operation will comply with South Africa’s Financial Intelligence Centre Act (FICA).
Once these have been examined and passed their readings by the National Assembly, stakeholders’ views may be considered before the President signs the bill into law.