The LNB received an award during the World Lottery Summit 2024 in Paris.
El Salvador.- The National Lottery of Beneficence of El Salvador (LNB) was honored with a recognition for its leadership in responsible gaming practices during the World Lottery Summit 2024. The event was organized by the World Lottery Association (WLA) and took place from October 21 to 24 in Paris.
During a ceremony held at the Summit, the president of the LNB, Javier Milián, received the distinction. The institution highlighted: "This award reflects the efforts that the entire LNB family makes, achieving a solid and reliable institution that responds to the commercial, technological, and social challenges typical of state lotteries."
In 2023, the institution launched the "Responsible Gaming" campaign based on the seven principles of responsible gaming established by the WLA. The initiative prioritizes the well-being of players and their families, promoting healthy entertainment and minimizing the risks associated with gambling addiction.
See also: The LNB of El Salvador signed a cooperation agreement with the Institute Grow Together
"The recognition from the WLA is an honor that motivates us to continue improving and providing ethical and safe entertainment, as well as continuing to bring benefits to thousands of Salvadorans. We maintain the commitment to always act with transparency, ethics, and best practices, demonstrating that El Salvador is also a benchmark in the industry of state lotteries globally," conveyed by the LNB.
This year, the National Lottery of Beneficence of El Salvador became the official sponsor of the Closing Tournament 2024 of the Tigo Sports Cup. In a press conference, Yamil Bukele, president Ad Honorem of the National Institute of Sports (INDES) and the Salvadoran Basketball Federation (FESABAL), presented the details of the tournament.
The Ibero-American Corporation of State Lotteries and Betting (Cibelae) invited participation in the webinar on the "Certification Process of the WLA Responsible Gaming Framework", which will take place on Thursday, November 14.
This event, organized in collaboration with the WLA and DigitalRG, aims to delve into the certification process of the WLA Responsible Gaming Framework.
The Gambling Regulatory Authority deemed the prediction market platform as an “illegal gambling site” operated by an unlicensed provider.
Singapore.- The Gambling Regulatory Authority (GRA) has ordered local internet service providers to restrict access to the prediction market platform Polymarket. The regulator argued the crypto prediction platform is “an illegal gambling site operated by an unlicensed gambling service provider”.
Singapore Pools is the only permitted sports, lottery and horse betting operator in Singapore. Under Section 20(2) of the Gambling Control Act 2022, a person who gambles in Singapore or knows a premise is an unlawful gambling venue can be fined up to SG$10,000 (US$7,450) and imprisoned for up to six months. Under Section 18(3)(a), any person found to be involved in conducting an unlawful betting operation as an operator can face a fine up to SG$500,000 (US$372,500) and imprisonment up to seven years.
Although the GRA has not yet released an official public statement regarding this matter, there have been no enforcement actions against Polymarket listed in the public directory.
The Ministry of Home Affairs (MHA) blocked more than 3,800 illegal gambling websites in the first eight days of the year.
More than 145,000 illegal gambling transactions involving the Singapore public, amounting to about SGD37m (US$27.0m), had been blocked as of December 31, 2024, as reported by The Straits Times.
Minister of Home Affairs, K. Shanmugam, said during a session in the city-state’s parliament: “These blocking measures have impeded access to illegal online gambling to some extent. However, this approach is clearly not foolproof as illegal operators can easily create new websites, and we do not have the ability to know of every gambling website.”
He further encouraged the public to report to the police illegal websites, apps, advertisements and bank accounts used by illegal gambling operators.
