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Lithuania to regulate online gambling

Lithuania to regulate online gambling

Later this year a new proposal for a law to regulate online gambling could be introduced to the Lithuanian Parliament, according to several news outlets.

Until recently opinions have been divided regarding whether online gambling should be regulated or not and even though in practice online gambling has never been formally recognized, Lithuanians have been able to gamble online unrestricted using services provided by offshore gambling companies, especially the ones located in Europe.

The voices in favor of regulation claim that regulating and licensing companies to operate within Lithuanian borders would ensure that players would have a fair and responsible outlet to their favorite pasttime. It would also allow the country to weed out on shady operators and corruption.

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