Maldives Bookmakers

Maldives is a country located in the South Asia region of the Indian Ocean, specifically belonging to the Indian sub-region. It is about 600 kilometers southwest of Sri Lanka. It is also a country with strict gambling laws influenced by Islam. When it comes to gambling, especially when many offshore online gambling sites allow players from the Maldives. This article aims to briefly introduce the gambling laws and legislation, regulatory bodies, licensing requirements, taxes, and the overall outlook for sports betting in the Maldives bookmakers.

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Table of Contents

Summary of Key Events

1968: First Penal Code passed with gambling as one of the prohibited activities.

2008: New constitution supporting the prohibition of gambling enacted.

2015: Penal Code amended and the penalties for online gambling relieved.

2004: Athens Olympics: Mohamed Hussain gets a bronze medal.

2011: AFC Player of the year goes to Ali Ashfaq.

Maldives Bookmakers Gambling Laws History

Early Legislation

The Maldives has always been very rigid on its laws concerning gambling mainly because of the Islamic influence. The legal framework of gambling has been based on Shari’a law, which provides for complete prohibition of gambling.

Key Legislative Milestones

1968: Adoption of the first Penal Code that prohibited gambling and provided stiff measures such as imprisonment that could last up to one year.

• 2008: The prohibition of gambling was maintained in the new constitution that was enacted under President Maumoon Abdul Gayoom’s leadership.
• 2015: The introduction of a new Penal Code that was less liberal than the previous one but which also lowered the severity of the measures taken against online gambling.

Bookmakers Regulatory Agencies

In the Maldives, which is an Islamic country, the regulation of gambling including sports betting involves several ministries and agencies whose main role is to make sure that any activities in this area are in conformity with the Islamic laws.

Key Agencies Include:

• Ministry of Islamic Affairs: Supervises the application of the provisions of Shari’a law concerning the prohibition of gambling.
• Maldives Police Service: It implements anti-gambling laws and goes for operations in order to close down any gambling operations.
• Ministry of Home Affairs: It collaborates with other agencies to patrol and check on activities that are unlawful and ethically wrong in the country.

Bookmakers Gambling Licenses and Fees

Licensing Framework

Due to the complete ban on gambling in the country, there is no domestic licenses for the bookmakers in the Maldives. Nevertheless, most of the Maldivians gamble on offshore online sportsbooks that are licensed in other countries.

Offshore Licensing

• Licensing Authorities: A large number of bookmakers that accept players from Maldives has licenses issued by the Malta Gaming Authority, the UK Gambling Commission, and the Curacao eGaming Licensing Authority.
• Fees: Licensing fees depend on the territory, it is usually a one-time license fee, but with an annual renewal fee. For instance, Malta Gaming Authority requires an application fee of € 5000 and an annual fee of € 25000.

Bookmakers Gambling Taxes

Domestic Context

Since there is no legal gambling operations in Maldives, there are no domestic gambling taxes. Nevertheless, offshore bookmakers are bound with the tax laws of their licensing jurisdiction.

International Taxation

The bookmakers located in jurisdictions with gambling legislations are usually subject to paying taxes as provided by the laws of the respective country. For instance:

• United Kingdom: UK based remote bookmakers are obliged to deposit 15% of their profit earned from their operations in the United Kingdom.
• Malta: The gross gaming revenue is also subject to a tax of 5% from bookmakers.

Prohibited and Allowed Bets

Prohibited Bets

Sports betting like all other forms of gambling are prohibited in the Maldives. This applies to all establishments that have a presence locally whether physical or online.

Allowed Bets

There is no legal gambling within the territory of the Maldives; however, many of its residents engage in sports betting using offshore websites. These bookmakers offer a wide range of betting markets, including:

• Football: English Premier League, UEFA Champions League and other high profile football tournaments.
• Cricket: International and domestic T20 leagues match betting.
• Tennis: Grand Slam tournaments and ATP/WTA events are the two kinds of tennis tournaments that are played around the world.
• Others: Horse racing, basketball and esports.

Current State of Sports Betting

However, due to legal risks, sports betting is popular among the Maldivians who use the services of the international web-based bookmakers. Here are some key points about sports betting in the Maldives:

Popular Sports for Betting

• Football: Currently the most popular sport for betting, many Maldivians follow the international leagues of this sport.
• Cricket: Another special, especially during the Indian Premier League and ICC Cricket World Cup.
• Tennis, Basketball, and Esports: It is worth mentioning that the given trend is also popular among the younger generations of bettors.

Offshore Betting Platforms

Currently, the people of Maldives prefer using the offshore bookmakers for betting on sports. These platforms provide coverage of sports events, competitive odds, and other betting options.

Regulatory Environment

Although the Maldivian government does not control these offshore platforms, players can decide to bet with reliable licensed international bookmakers to protect themselves from fraud.

Achievements in Sports in the Maldives

• 2004: Mohamed Hussain gets a bronze medal in the men’s 200m sprint event during the Athens Olympics.
• 2006: Ahmed Naseem bags a bronze in the men’s 200m freestyle category at the Asian Games.
• 2011: AFC Player of the Year: Ali Ashfaq.
• 2018: Maldives claims the gold in men’s beach volleyball event at the Asian Games.
• 2011: Maldivian swimmer Ibrahim Fazeel brings home a medal from the Asian Games for the first time ever.

Conclusion

Thus, despite the Maldives’ adherence to the anti-gambling laws because of the country’s Islamic background, the interest in sports betting remains. In the case of Maldivians, the principal way to access sports betting is through offshore online sites. It will be useful for potential bettors to know the legal situation, history, and contemporary realities to avoid getting lost in this sphere and act responsibly.

FAQs for Maldives Bookmakers

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