The legislators are actively moving towards the legalization of gambling entertainment in Belarus. On April 1, a standard regulation came into force under which online casinos can legally operate and provide their services throughout the country. 2WinPower experts offer a brief overview and analysis of the new rules.
Table of Contents:
The President signed a document on the online casino legalization
The law “On the improvement of legal regulation of gambling business” is gaining ground
It becomes mandatory to connect to a remote cash structure
Sets out the prohibition of the publication of information on the planning of gambling entertainment
As can be seen from the provided information, the legalization of online casino in Belarus takes place in several stages. April 2019 was marked by the fact that the bookies on the Internet, the organizers of the sweepstakes and the online casinos can lead their activities on an absolutely legal and transparent basis.
In parallel with the legalization, several new rules for online gambling are being introduced, the development of which is the responsibility of the Council of Ministers of the Republic of Belarus. More interesting, the legislators plan to restrict user access to sites that publish information about game planning.
The government of the Republic of Belarus gives operators enough time to organize gambling absolutely legally and honestly. Probably, now is the best time to enter this market, while it is not crowded yet.
After obtaining a license, you will need to form a special security deposit (it is expected that its amount will be about $1 million), which will protect players and their winnings in case of the enterprise bankruptcy. The same money can be used to pay taxes to the state budget in the event of force majeure.
Another requirement of the government to the online casino is the need to open access to the tax authorities and a special monitoring centre to the database. The access will be remote, but the regulator will be able to inspect the work of the company at any time.
It is planned to apply another way to control the operation of the web casino and the transfers of funds in the gambling sphere — the mandatory connection of operators (since August 2019) to a computerized cash system.
As for the players, now visiting the casino is open to them only after reaching the age of 21 (previously it was possible to join the game from the age of 18).
Web casinos in Belarus are legalized in several stages, and the changes will eventually affect the entire gambling market of the country: bookmakers, land-based casinos, slot-machine parlours. We can definitely say that now is a great time to enter the market of the Republic of Belarus.
Changes in the legislation discover new prospects for the development of online business. Do not miss your chance! 2WinPower specialists will help you to launch a successful gambling project and quickly recoup your expenses. Ask us about our special offers!
No reviews yet, be the first.
The Legalisation Prospects of The Brazilian Betting Market Amid the Pandemic
The specialists from 2WinPower are eager to share with you our view on the gambling situation in the country, its potential, possible succes...
Retention of Sportsbook Audience on a Website with TV Games from 2WinPower
Our experts are ready to illustrate how the newest software from 2WinPower will be a lifesaver for the barely survivable betting establishme...
How to Buy Online Casino Software in Vietnam
Vietnam is a promising area for the online gambling business development. Find out where to find reliable software providers for operating i...
How to Buy Online Casino Software in Japan
Find out how to choose suitable casino software for running an online casino in Japan, known as a very promising area for the online gamblin...