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 state lottery industry globally," the LNB conveyed.
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.
Access to Polymarket has been restricted in several jurisdictions, including Singapore and Taiwan.
Thailand.- The Cyber Crime Investigation Bureau of Thailand plans to ban decentralized prediction marketplace Polymarket, as it may be deemed an online gambling website, which is illegal in the country.
Thailand’s cybercrime authorities stated that suspending Polymarket is crucial to preventing the public from becoming victims of online gambling and to stop the use of cryptocurrency for illegal activities. The police did not specify the timeline of a potential shutdown.
The cyber police said that the website facilitates betting on global events through cryptocurrencies, which would fall under illegal online gambling in the country.
Access to Polymarket has been restricted in several jurisdictions, including Singapore, Taiwan, and the US. Earlier this week, Singapore’s Gambling Regulatory Authority (GRA) ordered local internet service providers to restrict access to the prediction market platform. The regulator argued the crypto prediction platform is “an illegal gambling site operated by an unlicensed gambling service provider”.
