New Zealand’s government has announced plans to regulate online casinos by 2026, introducing a licensing system aimed at enhancing consumer protection, minimizing gambling-related harm, and ensuring tax compliance. This move marks a significant policy shift aimed at regulating rather than expanding gambling activities.
The proposed regulatory framework, outlined by Internal Affairs Minister Brooke van Velden, involves auctioning a limited number of licenses to online casino operators. Each license will be valid for three years, emphasizing strict adherence to regulatory requirements with a focus on consumer protection and harm minimization.
Key aspects of the regulatory plan include:
- Age Restrictions: Players must be at least 18 years old.
- Game Limitations: Licenses will permit the operation of online casino games exclusively, excluding sports betting and lotteries.
- Advertising Regulations: Licensed operators will be permitted to advertise, albeit with strict restrictions, to manage the exposure and influence of gambling activities.
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