Switzerland votes to block foreign betting sites in the country: Referendum – Research Snipers

Switzerland votes to block foreign betting sites in the country: Referendum

Stop taking money away from Swiss consumers, was an indirect message to all big betting websites. The Swiss voters on Sunday Referendum have endorsed new gambling law to block foreign betting sites.

The new gambling act in Switzerland got the support of 72.9% of voters, despite accusations the final results show that the new law builds upon online censorship. The new act will take effect from 2019. According to the sources it is one of the stickiest laws in Europe which will not allow any outsiders to operate in Switzerland, only Swiss-certified casinos and gaming companies will be entitled to operate in the country.

However, the government says it is designed to curb gambling addition in the country and both the houses in the parliament have already passed the legislation.

The bill will allow Swiss companies to offer online gambling products and services for the first time, the bill will also restrict foreign companies to operate and offer their products and service in the country. The people opposing this law call it “Censorship of the Internet

Earlier youth wings from various political parties collected as many as 50,000 signatures necessary to set up a referendum in order to overturn the new act. But the government was in favour of the act which discourages the gambling addicts and youth to fall prey into this bad habit.

Justice Minister Simonetta Sommaruga said in a statement, “The law would be indispensable, it would also allow the government to tax gambling revenue and direct revenues in order to fund anti-gambling measures.”

In Switzerland people spend roughly $253 million per year on gambling on foreign betting sites told the government.

The campaigners say it will cost the government money, as the new law increases the threshold of taxable winnings from 1,000 Swiss Francs to 1 million. According to Luzian Franzini, co-president of the Greens youth group, the government is setting a dangerous trend. Mr Franzini told AFP that there is a generation gap between the young voters, aged voters and lawmakers, while young voters are standing on one side and the others on the other side, they are not understanding the consequences what the law could do to the internet, he added.