Publication date: 04 Jan 2025
What happened at the end of last year? What was the significance of 2024 in the gambling and betting industry? 3S.INFO provides comprehensive information on gambling regulation around the world, including new laws and bills, changes to terms and conditions, and advertising rules for online casinos and bookmakers.
Top 5 important events for online betting and gambling in 2024
The most important event for betting and gambling in 2024 is the beginning of gambling regulation in Brazil. Although it is still a complicated and confusing process, the audience is huge! At the beginning of 2025, 14 operators received licenses, more than 50 companies are working on temporary licenses until some problems are fixed. The country’s budget received more than 320 million dollars. At the same time, the country started active blocking of illegal casino and betting sites. By the decision of the Ministry of Finance of Brazil over 5000 platforms with gambling services have already been blocked.
In 2024, Curaçao initiated a licensing program with the objective of enhancing its reputation as a reputable business jurisdiction. The regulatory authority of Curaçao has adopted a policy of strict compliance, including the refusal to issue sub-licenses. To ensure integrity, operators seeking to provide gambling services under a Curaçao license are now subject to thorough and precise verification. Additionally, the regulatory authority has specified that the validity of the issued license is restricted to countries with local regulatory frameworks.
In November 2024, poker was recognized as an intellectual sport on par with chess and esports. This development was the culmination of a collaborative effort between the International Mind Sports Association (IMSA) and the World Poker Federation (WPF).
In September 2024, reports emerged of a potential introduction of a federal law on the regulation of casinos and betting offices in the United States. Currently, the decision to regulate licensing is made at the state level, which can hinder the full implementation of conditions and legal operation within state borders. The proposed bill, if enacted, could streamline operations for gambling operators. However, it is noteworthy that the bill has received a negative response from representatives of the US gambling industry.
In 2024, many countries have decided to legalize and regulate gambling:
- Earlier this year, the Albanian authorities lifted the ban on betting and allowed 10 operators to accept sports betting.
- In April, the Uzbek government authorized the issuance of betting licenses. The new regulations for bookmakers in Uzbekistan took effect on January 1, 2025.
- In October, the United Arab Emirates issued its inaugural casino license. At present, the project is conducted offline. However, it is imperative that the country’s authorities acknowledge and recognize the potential benefits of gambling.
- Georgia has distinguished itself in the gaming industry with the introduction of an “offshore license” on December 1, 2024, which allows the country to accept bets from foreign players. This development is reminiscent of the controversial law No. 55, adopted in 2023 in Malta, which allowed the country to attract players from around the world under a Maltese license. However, the Georgian law has not yet received the same level of public scrutiny.
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