image credit: un.org
In a public announcement today, the Lotteries and Gaming Board of Zimbabwe which falls under the Ministry of Home Affairs warned the public against illegal internet betting, lotteries and gaming activities.
The announcement cited the Lotteries and Gaming Act, chapter 10:26.
The gaming board noted that:
“There are no internet Bookmakers (sport betting), lottery, totalizators, casino etc licensees in Zimbabwe. Therefore members of the public, banks and other financial intermediaries outh to be vigilant and report any such activities….”
The gaming board is looking to enforce the laws of Zimbabwe to shut down any local companies running betting, lottery, and gaming internet platforms.
However, in the event that the public is using international companies websites, the gaming board is powerless to stop or persecute anyone for it, their jurisdiction only applies to local companies.
The statement resembles the RBZ’s public warning against MMM Global Zimbabwe.
If MMM Global Zimbabwe was a locally registered company, it could be within the reach of Zimbabwean law, but since people are using a foreign website and company, there is no way of stopping the Ponzi/pyramid scheme .
It is worth noting the increase in Governments interest in financial activities happening online outside of their systems.
Instead of warning the public, the gaming board should update its ACT to accommodate terms and conditions of a license for an online betting, lottery and gaming house.
In 2016, it is really surprising that online gambling houses are illegal, especially with the high revenues gambling house accrue and then pay in taxes and license fees to the Gaming Board.
You can find the Betting and Totalizator Control Act here.