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NEWS 31 May 2017
Kenyan MPs reject 50% gambling tax
By Robert Simmons
Members of Parliament in Kenya have overwhelmingly rejected the introduction of measures that would see the country's gambling tax rise to 50%.

Current legislation applies a 7.5% tax on sports betting, with a 5% tax on lotteries and a 15% tax rate on cash prize competitions.

The Kenyan parliament voted last week to only apply the 50% tax rate to gaming, lottery and other revenues, keeping the current 7.5% rate on sports betting. However Kenyan lawmakers called for a second vote on the issue, culminating yesterday with the rejection of the proposed tax changes on all gambling categories.

Kenyan Treasury Secretary Henry Rotich, the chief proponent of the 50% tax rate rise, said that the hike was meant to discourage problem gambling, with the additional proceeds being used to fund cultural and arts programmes across Kenya.

Announcing the proposed rise earlier this year he said: “The expansion of the industry has had negative social effects on society, especially on the youth and vulnerable members of society.”
RELATED TAGS: Online | eSports | Sports Betting | Legal & Regulatory | Lottery
IN-DEPTH 21 February 2018
Blockchain: Better the Devil you know?
The battle of the blockchain rages on. The technology that underpins cryptocurrency has proved deeply divisive, both in the gaming industry and wider financial markets. Up until now blockchain has suffered from a reputation as a tool for circumvention of controls and a platform for the underworld, but could the decentralised and transparent nature of the technology transform the gaming landscape as it promises? We asked two of the world's leading experts on blockchain gaming if it has finally come of age