This archive report was first published on 4 July 2019.
Kenya's online betting industry is set to face significant entry barriers under a proposed gaming law that seeks to curb gambling and regulate the sector.
The Gaming Bill 2019, currently before the National Assembly, proposes that online betting firms pay up to Sh500 million to set up shop in the country.
Proprietors of companies will be required to pay Sh100 million in licensing fees, while online betting firms will also need to deposit a Sh200 million refundable cash security with the regulator and provide proof of Sh200 million capital to sustain operations.
The proposed law provides more clarity on the financial requirements for operating a gaming business in Kenya, which has grown rapidly over the last five years to Sh200 Billion from Sh2 Billion, employing 5,000 people.
According to official data, unemployed youth spend an average Sh5,000 on betting per month, highlighting the need for regulation in the sector.
The Bill also seeks to impose tighter checks and controls on online betting, including real-time monitoring through a system to be installed by the proposed National Gaming Authority.
Online gaming firms will be required to provide a website platform as well as all visual and audio communication channels, including particulars and location of servers and operator's system.
