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{
    "id": 680804,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/680804/?format=api",
    "text_counter": 134,
    "type": "speech",
    "speaker_name": "Hon. A.B. Duale",
    "speaker_title": "",
    "speaker": {
        "id": 15,
        "legal_name": "Aden Bare Duale",
        "slug": "aden-duale"
    },
    "content": "Basically, anyone with a mobile phone can gamble in Kenya, particularly, sports betting, which at times has little or no subscription fees. We are dealing with a matter of disclosures as it relates to online gambling. Gambling is a major international commercial activity with a legal gambling market totaling to an estimated value of Kshs40 trillion. When it comes to gambling, many jurisdictions in the United States of America (USA) and Europe have very strong, stringent regulations and licensing policies. The question is whether this is found in the Kenyan market. Is there disclosure on the part of those who get involved in online gambling? Every child in our families has a mobile phone. At night, you will find your children in a room with their phones betting, particularly on a major sporting activity. As Hon. Chepkong’a said, it is very tricky because you might bet for a team to win or you decide to bet for both to win. Ultimately, the teams draw, the match goes to extra time and there are penalties. You end up losing because you did not anticipate that. There must be strict regulations and legislation requiring that all gambling devices that are used are ratified by certain institutions. Kenya should join countries that have created very good regulations. Looking at the history of Kenya, the only thing I found was that the Ministry of Sports created the Kenya Sports Betting Fund. Up to now, there is nothing in that Fund. The operators include Sportpesa, Betway, Oxygen 8, Justbet, Betin Kenya and many others. The regulatory framework for sports betting is incorporated in the Betting Lotteries and Gaming Act, Cap.131 of the Laws of Kenya. This is the Act that establishes the Betting Control and Licensing Board, which is tasked with licensing and regulating the gaming industry in Kenya. My problem with this sector is regulations. We must table regulations in this House to deal with this matter. We dealt with the matter of interest rates. This House passed a law on interest rates which is awaiting assent by the President. We are fighting interest rates, so that we can secure the hard-earned savings of the people of Kenya. If we, as a House, have come together and decided to deal with the matter of interest rates, then, this is a more serious matter. People get huge sums of money online with no disclosure to the taxman and no regard for the Financial Reporting Centre and institutions that are created by the law to deal with what goes 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."
}