Offshore casino operators can no longer outsmart the Norwegian Media Authority as it will soon be able to put an end to the long-time TV advertising loophole.
Norway is taking all the necessary steps to completely eradicate TV gambling ads in the country as part of its measures to ensure its people’s safety and welfare.
The Norwegian government prepares to amend the Broadcasting Act and empower the Norwegian Media Authority to require all TV distributors and internet providers in Norway to block all forms of illegal marketing conducted by overseas casinos.
Efforts to achieve this goal started way back 2017 and were followed by a consultation in April 2018 launched by Lotteri-og stiftelsestilsynet (Lottstift).
When the Act gets amended and the law enacted, only two state-owned bodies, namely Norsk Tipping and Norsk Rikstoto, will be allowed to offer gambling services and to advertise gambling in the country.
A success in the government’s latest efforts will further solidify its strict regulations, especially when pertaining to payments. In fact, Norway has given banks the power to block certain transactions at the beginning of this year.
This means that online casinos, whether fiat or Bitcoin casino, that take advantage of the said loophole to promote casino games and promos will no longer have any means to advertise their products and services in Norway.
Moreover, players do not have the option to use crypto for casino games and sports betting as the country does not approve of crypto gambling.
Meanwhile, an August report published last year said TV broadcasters in Norway could lose up to 500 million NOK per year when the TV advertising ban is in full effect.
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