The authorities in Singapore are putting in place new regulations regarding gambling, aimed at creating a balance between the legal and illegal sectors. One of these changes is a proposal to amend the definition of gambling and increase penalties for repeat offenders.
More operators may be granted exemption certificates in the future. The first gambling laws were introduced in the early 19th century, and the government is urging operators to abide by these rules. The latest regulations will come into effect later this year.
Currently, online gambling singapore is prohibited in Singapore because of difficulties in verifying the social connections between the players. The police will be tough in enforcing such laws and will pursue criminal gambling syndicates. In addition, the new Gambling Control Bill will empower the GRA to issue gambling operator licenses and oversee key gambling products. The changes are expected to make the online gambling industry more regulated and safer. While the new laws are not yet in place, the reforms will make it easier for players to access online gambling in Singapore.
Physical social gambling is also not prohibited in Singapore, but it can be difficult to withdraw winnings. This is because most people in Asia use bank transfers to move money, and banks in Singapore will not process payments to or from gambling sites. Additionally, gambling sites outside of Singapore were declared illegal in 2015.