What warning has been issued to Sri Lankan investors?

Question

Accepted Answer

Sri Lanka Warns Investors Against Unlicensed Online Gambling Platforms

Sri Lankan authorities have issued a stern warning to citizens, deeming any investment in unlicensed online gambling platforms as illegal. This advisory comes as part of a broader crackdown on unauthorised gambling operations, which has seen nearly 100 additional online betting websites blacklisted. The move targets platforms operating without the necessary registrations and licence fees required under Sri Lankan law.
Unlicensed Online Gambling Operations Targeted

The Digital Economy Ministry has expanded its efforts to curb illegal online gambling by adding 98 more websites to its list of blocked portals. This action follows closely on the heels of a previous ban on 24 major gambling sites just two days prior. The ministry explicitly stated that the platforms now facing restrictions were found to be operating without the requisite licences.
Specific Platforms Identified for Blocking

Among the prominent online gaming platforms now subject to the ban are well-known international sites such as stake.com, bet365.com, betway.com, and 1xBet.com. These platforms, along with the newly added 98, are now inaccessible to internet users in Sri Lanka under the directive.
Immediate Implementation of Ban Ordered

In an effort to enforce the blacklist effectively, all telecommunication service providers in Sri Lanka have been instructed to implement the ban with immediate effect. This directive aims to prevent access to the identified unlicensed online gambling websites across the country.
Circumvention Methods Acknowledged

Despite the implemented ban, it has been noted that internet users in Sri Lanka can still bypass these restrictions. Access to the blocked sites remains possible through the use of Virtual Private Network (VPN) software, indicating a potential ongoing challenge for authorities in fully enforcing the prohibition.

Reading history

Hide →

This history is cleared when the page is closed.

What warning has been issued to Sri Lankan investors?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

1

0

0

Share with friends