Recently, the Democratic Alliance (DA), an official opposition to the South African-based ANC, officially submitted a new bill to parliament called the Remote Gambling Bill (B11-2024). The ultimate goal of the bill is to regulate remote gambling in South Africa.

Reasons for the new legislation:

The legislation comes after two years of consultation and drafting with industry experts. In addition, the action came in response to the ANC’s notable mistakes in its failure to provide adequate regulations and safeguards within the iGaming industry.

In a related development, in 2008, the President approved the National Gambling Amendment Act, which is responsible for the official regulation of iGaming. Nevertheless, nearly 16 years later, the industry still has a legal vacuum because the law is still not in effect.

This is very concerning given the huge developments and developments in internet use since then. Failure to officially regulate this particular form of gambling can lead to criminal activity and a weakening of the rule of law. At the same time, the public is not protected at the same level as when utilizing land-based gaming businesses. At the same time, the absence of regulation leads to the loss of jobs and billions of rand in income from other gambling jurisdictions.

In addition, over the past 16 years, the ANC has made it clear that it has no intention of protecting the industry and players from criminal elements, which is why the DA is responsible for providing sufficient protection in this way, by formally filing the legislation mentioned by the private commissioner.

A description of the law:

The bill’s main goal is to formally regulate licenses overseen by certain state officials rather than centralized national gambling boards, which are now just shadows of the past. It also aims to comply with the Financial Information Center Act 38 (FICA) of 2001, protect minors and vulnerable groups, regulate advertising from interactive/online gambling organizations, and provide procedures for complaints related to licensing.

As already mentioned, the bill has been in the process of drafting for more than two years to find and achieve an ideal balance between administration, regulation and protection, according to official press releases.

In this regard, with local and national elections approaching on May 29, the ANC is likely to fall below a 50% majority, meaning it won’t get the most votes in a fledgling parliament that can vote down a bill only for shallow reasons because its backers are from the opposition party.

Legislation such as the Remote Gambling Bill (B11-2024) (pdf) is an important link in protecting at-risk individuals. If the ANC fails, the FBI could allow it to be the first of many to save South Africa’s regulated markets. 에볼루션 바카라사이트