• About
  • Advertise
  • Privacy Policy
  • Contact
Over View - Your Daily News Source
  • Home
  • News
    • Business
    • Politics
    • Science
  • Lifestyle
    • Food
    • Travel
    • Health
    • Fashion
  • Entertainment
    • Entertainment
    • Sports
  • Tech
No Result
View All Result
  • Home
  • News
    • Business
    • Politics
    • Science
  • Lifestyle
    • Food
    • Travel
    • Health
    • Fashion
  • Entertainment
    • Entertainment
    • Sports
  • Tech
No Result
View All Result
Over View - Your Daily News Source
No Result
View All Result
Home Entertainment

Uganda moves toward centralized payment system for gambling operators

admin by admin
May 3, 2026
in Entertainment, Lifestyle
0
Uganda moves toward centralized payment system for gambling operators
0
SHARES
1
VIEWS

The gambling industry in Uganda is preparing for significant regulatory changes as authorities advance plans to introduce a Centralized Payment System (CPS) for betting transactions. The proposal is included in the Tax Procedures Code (Amendment) Bill, 2025, which would require casinos, sportsbooks, and other gambling operators to process all wagers and payouts through a single payment gateway once the legislation is enacted.

The system would be licensed by the Bank of Uganda and connected to the electronic notice platform operated by the Uganda Revenue Authority. Authorities say the centralized gateway will allow regulators to monitor betting transactions more effectively, improving financial transparency and ensuring accurate tax reporting across the gambling sector.

The proposed framework includes strict penalties for operators who fail to integrate with the system. According to State Minister for Finance Henry Musasizi, companies that do not connect to the centralized gateway could face a fine equal to double the applicable gaming or withholding tax, or 5,500 currency points.

This penalty currently amounts to around UGX 110 million (approximately €26,000), highlighting the financial risks for operators who do not comply with the new requirements.

Although the proposal has not yet become law, officials say the process is nearing completion. The bill still requires approval from the Ugandan Parliament and final authorization from the President before it can take effect.

Once implemented, the Uganda Revenue Authority will operate the centralized payment gateway, while the National Lotteries and Gaming Regulatory Board will continue overseeing the broader gambling industry.

Authorities state that the centralized system is intended to strengthen tax collection, improve regulatory oversight, and reduce underreporting of gambling revenues. The significant penalties attached to the proposal also signal the government’s intention to enforce strict compliance once the system becomes mandatory.

For now, gambling operators across Uganda are closely monitoring the legislative process, aware that once the law is enacted, integration with the centralized gateway will become a crucial requirement for operating in the market.


Milena Yeghiazaryan


Milena Yeghiazaryan


Content Writer

Milena has recently entered the iGaming industry with curiosity, turning the latest industry insights into engaging and accessible content. Passionate about innovation and new opportunities, she enjoys exploring the iGaming world and sharing stories that keep readers informed and up-to-date.


JOIN OUR TELEGRAM CHANNEL

Read More

Previous Post

New Zealand Introduces 15 Online Casino Licenses and Restricts Credit and Affiliate Marketing

Next Post

This is the last day to get the full Office suite on Mac for $45

Next Post
This is the last day to get the full Office suite on Mac for $45

This is the last day to get the full Office suite on Mac for $45

  • About
  • Advertise
  • Privacy Policy
  • Contact

© 2026 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Entertainment
    • Entertainment
    • Sports
  • Lifestyle
    • Fashion
    • Health
    • Travel
    • Food
  • News
    • Business
    • Politics
    • Science
  • Tech

© 2026 JNews - Premium WordPress news & magazine theme by Jegtheme.