BETTING RWANDA Rwanda- must learn from Kenia and Uganda 5 years ago Iwo Bulski Post Views: 1,848 Rwanda is a free market economy so it was just a matter of time before new-age trends in this industry like sports betting, came to Rwanda, but perhaps even the regulators didn’t know the dangers that were lurking. A few years ago, the government legalised betting and gambling through a law regulating the industry. Now, many as young as 18 years of age and others older with families, are being ravaged by sports betting addiction that has affected their socio-economic statuses. The English Premier League has resumed, but much as to many it is a source of entertainment — what with the action-packed soccer games, to others the league is just going to feed the monster of the betting addiction. Countries such as Kenya and Tanzania where sports betting existed before Rwanda, governments are taking stringent measures against it. For example, Kenya has declined to renew licences for a number of them. Despite being a strong revenue earner in taxes, sports betting comes with a cost, a socioeconomic one. Although closing betting companies in Rwanda at the moment might be overly reactive, and probably attract lawsuits, the line authority needs to revisit its regulations. In most of the betting houses, there is a sign indicating that it’s prohibited for those below 18 years to play, but this is not strictly observed because no identification is asked in many of these betting houses. The Ministry of Trade and Commerce is currently working on updating regulation for gambling and sports betting but it still needs to do a survey on the impact and cost of the industry on the socioeconomic aspects of the people to make more informed decisions. This week, the first-ever Rwandan online gaming and sports betting system, Gorilla games — which has inbuilt algorithm that flags people who exhibit addiction patterns after which lock the person out of the system — was unveiled. Every player opens an account with them and the in-built algorithm looks at patterns like people who play at odd hours — for instance 2:00 am — but this also seems insufficient to track addiction patterns. Sports betting has been taken as a source of income by some Rwandan, many of whom are unemployed or struggling to make ends meet. As Rwanda adopts modern-day economic trends, which have been embraced by many unemployed citizens, and those prone to get-rich-quick schemes, the government needs to be alert at the regulation level. Rwanda needs to learn from countries like Kenya, Tanzania and Uganda which have interfaced the ugly underbelly of sports betting, yet they also had regulations in place, to learn where they went wrong so it can fix the gaps. Source: rwandatoday.com About Post Author Iwo Bulski Issues related to the gambling business is engaged in more than 30 years. My empirical experience gives me the opportunity to present events and companies from this business with full knowledge and industry knowledge. See author's posts Iwo BulskiIssues related to the gambling business is engaged in more than 30 years. My empirical experience gives me the opportunity to present events and companies from this business with full knowledge and industry knowledge. Facebook Twitter LinkedIn Email Print Tags: betting, Rwanda Continue Reading Previous Uganda – Sportingtech expands in African market with BetOnNext NIgeria – gamblers spend N730bn on sports betting More Stories BETTING Start the year with profitable long-term bets: Discover 4 of the most unusual bets. 4 hours ago Iwo Bulski BETTING NIGERIA PawaTech Group announces new collaboration for its BetPawa brand in Nigeria 4 hours ago Szarlot BETTING CAMEROON EGT Digital partners with Bettomax in various regions of Africa 3 days ago Szarlot BETTING NIGERIA Soft2Bet takes its first steps into Africa 3 days ago Samuel BETTING KENYA Booming Games expands presence in Africa with ChopBet partnership 5 days ago Samuel BETTING GHANA Ghana’s Finance Minister scrap the contentious betting tax 5 days ago Samuel BETTING NIGERIA Sports gambling and major events in Africa and Latin America 1 week ago Szarlot BETTING TANZANIA Betting crisis, the allure of easy money 1 week ago Samuel BETTING NIGERIA Balancing Responsible Gambling, Innovation in Nigeria’s Sports Betting Industry 1 week ago Samuel BETTING WORLD NEWS This has never happened before: 1xBet changes the game rules and increases the welcome bonus to 600,000 NGN! 2 weeks ago Iwo Bulski BETTING GHANA The History of Ghana Football: From Independence to International Success 2 weeks ago Samuel BETTING Highlight Games brings Soccerbet LaLiga to Africa 2 weeks ago Szarlot Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.