BETTING RWANDA Rwanda- must learn from Kenia and Uganda 4 years ago Iwo Bulski Post Views: 1,662 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 KENYA Betting firms tax remittance hit Ksh 15B in FY2022/23 2 days ago Szarlot BETTING GHANA Why ‘Sewing Machine’ is trending in the world of sports betting 3 days ago Samuel BETTING NIGERIA The growing trend of mobile betting in Nigeria 4 days ago Samuel BETTING NIGERIA Innovations in responsible gambling: Betbonanza’s initiatives for safer betting 4 days ago Samuel BETTING ZAMBIA Amplifying Sports Betting with Music Ambassadors 5 days ago Szarlot BETTING UGANDA Uganda: Man Wins Shs 300,000 in Sports Betting, Dies Mysteriously 5 days ago Szarlot BETTING KENYA Exploring OdiBets: A Game-Changer In Kenyan Sports Betting 6 days ago Samuel BETTING NIGERIA BetCorrect unveils AI-Powered online betting platform 6 days ago Szarlot BETTING KENYA Expand the war on betting addiction 1 week ago Samuel BETTING TANZANIA Exploring the thrills of sports betting in Tanzania 1 week ago Szarlot BETTING SOUTH AFRICA Online betting platform SunBet cashes in R90m 1 week ago Samuel BETTING TANZANIA How youths can get out as industry grows 2 weeks ago Samuel 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.