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{
    "id": 1348037,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1348037/?format=api",
    "text_counter": 171,
    "type": "speech",
    "speaker_name": "Suba South, ODM",
    "speaker_title": "Hon. Caroli Omondi",
    "speaker": null,
    "content": "We also proposed regulation of online gambling. This is where people gamble through the internet or through use of remote communication. This is very addictive. It also presents transnational issues on jurisdiction and opportunities for money laundering and financing of terrorism. We are proposing very strict deposit limits so that people gamble in small amounts to avoid impulsive gambling. We have also proposed restriction on use of prediction apps. In fact, we had a small group of very good Kenyans from the Gaming Awareness Society of Kenya, led by a gentleman called Nelson Bwire and his friend Kiptoo. They educated us on these prediction apps where they give people false sense of comfort as they continue gambling very heavily. There are also issues of public awareness. We have introduced insurance surety schemes equivalent to what obtains in the banking industry depositors protection. This will ensure that those who come to establish gambling businesses in Kenya provide security so that those who have won prizes do not lose out when they run away. There are also new provisions on savings. When people gamble, there will be an amount of money that will be deducted to be saved for their own personal use at a later date. Hon. Deputy Speaker, I would like to note that we still need to do a lot of work in this sector because there are very many challenges, including tax evasion, money laundering and financing of terrorism. There is a requirement that if you want to license somebody, you must vet and undertake security checks and heavy due diligence on their backgrounds. The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor"
}