Kazakhstan mulls regulations as online betting booms

    Published in: Latest IntelligenceKazakhstan is debating whether to introduce new regulations on bookmakers to bring greater clarity to the country’s expanding online sports betting market.The move is being considered amidst a boom in online gambling in the country, driven by increasing internet penetration and rising per capita incomes. The popularity of internet gambling has also been aided by a ban on casinos in most of the country imposed by President Nursultan Nazarbayev in 2007.The national ban gave operators just three months to move out from the cities to two designated casino zones, Kapchagai and Schuchinsk. Before the ban was introduced, there were 132 casinos and over 2,000 slot rooms, but only 53 betting shops, according to InterGame.Aside from the national casino ban, there is almost no regulation on gambling apart from prohibiting access to people under 21 years, creating a regulatory vacuum and encouraging the rise of illegal operators.Zakir...

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