European Union
Swiss Parliament agrees on gambling law

Switzerland is finally about to pass a unified law on gambling after the Parliament agreed on the final details about taxes.
A single gambling law is about to be achieved in Switzerland after the Parliament agreed on a compromise over taxes on winnings from lotteries and sporting bets. The country is close to unifying gambling legislation under a single law that would regulate the industry altogether.
The Parliament members concurred on taxing lotteries and sporting bets only when winnings cross US$1.029 million and overcame the final hurdle that delayed the unified law. The decision sets equal taxation criteria over all forms of gambling, unlike it’s currently set, having winnings from lotteries and sporting bets taxed and not money won in Swiss or foreign casinos.
The new legislation is set to replace the 1923 Lotteries and Betting Act and the 1998 Gambling Act and will take a tougher stance on online betting.
As underage gambling is one of the main concerns regarding the online segment, tha law-to-be was created with a view to protect minors and also prevent money laundering. It will limit online betting games to entities based in Switzerland and winnings from online gambling will also be subjected to income tax.
-
Africa3 days ago
New Governing Board of the Gaming Commission of Ghana Sworn in
-
Africa6 days ago
pawaTech strengthens its integrity commitment with membership of the International Betting Integrity Association
-
Baltics6 days ago
Estonian start-up vows to revolutionise iGaming customer support with AI
-
Asia6 days ago
FIFA, NBA, UFC and More Sports Events Go Live – Crypto Sportsbook BETY Offers Global Sports Betting Coverage 2025
-
Gambling in the USA6 days ago
Gaming Americas Weekly Roundup – June 16-22
-
Africa5 days ago
SA Rugby Renews its Partnership with Betway
-
Asia5 days ago
Polemos Announces Partnership with Guinevere Capital
-
Industry News7 days ago
Arizona Department of Gaming Releases March Sports Betting Figures