Regulator asks Norsk Tipping to launch betting loss limits – Responsible Gambling

Norwegian regulator Lotteri-og Stiftelsestilsynet has asked monopoly operator Norsk Tipping to reduce the availability and number of casino games on its site, and to introduce loss limits for sports betting.

In the regulator’s 2021 annual report, it found that customer numbers and turnover had reached an all-time high for Norsk Tipping, one of the country’s two monopolies alongside errands operator Norsk Rikstoto.

“There may be several reasons for the growth,” the regulator said. “One of the reasons may be that people going through the corona pandemic have had more free time due to restrictions on leisure activities.”

This came despite the operator reducing its monthly loss limit for “high risk” games from NOK10,000 (£869/€1,037/$1,117) to NOK7,500 in December 2020, before to reduce it further, to NOK 5,000, in September. 2021.

While noting that this represents a success for the pipeline, the regulator added that it had asked the operator to further strengthen its player protection measures.

“Lotteri-og Stiftelsestilsynet has rated casino games and [Norsk Tipping sportsbook brand] Oddsen against responsible gambling requirements, and we have asked the company to strengthen measures aimed at reducing the gambling activity and turnover of at-risk gamblers,” the report states. “Among other things, we offered to reduce the availability and reduce the number of games to [casino brand] Kongkasino.

“Furthermore, we are asking Norsk Tipping to consider introducing a loss limit for Oddsen.”

Furthermore, Lotteri-og Stiftelsestilsynet hailed the success of its measures to limit unlicensed gambling. In particular, it said it had taken steps to block transactions to offshore locations, following new payment blocking rules that came into effect in 2020.

“Banks are frequently contacting customers who are gambling, to inform them of the ban and that this is why they are stopping deposits and winnings from illegal online gambling,” the regulator said. “Many of the players who contact us and the banks have gambling problems and often large gambling debts because they are gambling for money they cannot afford to lose.

“Many people don’t know that they are playing unlicensed games of chance in Norway. According to banks, many customers stop playing or use legal providers when they realize that only Norsk Tipping and Norsk Rikstoto are licensed to offer online casino games and sports games.

At the end of the year, Lotteri-og Stiftelsestilsynet threatened Unibet operator Kindred with daily fines of NOK 1.2 million (£99,447/€118,649) if it did not stop trading in Norway following a legal challenge related to unlicensed gambling. However, Kindred said it would continue to do business in the country.


Source link

Back To Top