Online gambling to be legalized in Switzerland

After over a decade of prohibition, online gambling may finally be declared legal in Switzerland this year.

The Swiss government announced earlier this week that the 1998 gambling laws were under review and may see alterations to liberalize online gambling in the second half of 2013.

A new online gambling draft law is set to be up for consultation and review later on this year and the bill will most  likely serve to regulate and allow online gambling in Switzerland for the first time since online casino games became widespread and popular more than 10 years ago.

Although details of the to-be-proposed future regulations have not yet been released, the Swiss government has stated that these will most likely include a significant tax on online casinos, as well as extensive funding and attention focussed on shielding vulnerable groups such as children and the retired from online casino games.