The Straits Times reports
Key proposals
Social gambling
• Physical social gambling among family and friends to be allowed, subject to criteria
• Online social gambling among family and friends not allowed
• Strong enforcement action against syndicates that exploit exemption
Mystery boxes, arcade games, claw machines
• Prize cap of $100
Online and video games
• Virtual items to remain in context of gameplay and entertainment
• Gambling, betting, wagering with virtual items not allowed (that is, skin-betting sites, which involve the use of virtual cosmetic game items to make wagers, are to be banned)
• In-game monetisation for free-to-play games allowed, subject to conditions similar to those of business promotion lucky draws
Penalties
• Differentiation between operators, agents and punters, in decreasing order of culpability
• Raised penalties for repeat offenders who are operators and agents, to increase deterrence
• No raised penalties for punters who are repeat offenders, as enforcement efforts are to focus on enablers
Definition of gambling
• Broadened to cover existing and emerging gambling products
• Technology-neutral
• Products such as financial products regulated by the Monetary Authority of Singapore to be carved out from definition
Read full article at https://www.singaporelawwatch.sg/Headlines/Plans-to-broaden-scope-of-laws-on-gambling
Also read
Singapore to permit social family gambling under proposed amendments to gambling law
Singapore to permit social family gambling under proposed amendments to gambling law
