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    <title>Global South World - Financial Tools</title>
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    <description><![CDATA[News, opinion and analysis focused on the Global South and rising nations across the world. Delivered by journalists on the ground in Africa, Asia, Europe and the Americas. From politics and business to technology, science and social issues, Global South World is the first place to come for accurate and trusted information.]]></description>
    <item>
      <title>Why online lotteries and betting are now illegal in Mongolia   </title>
      <link>https://www.globalsouthworld.com/article/why-online-lotteries-and-betting-are-now-illegal-in-mongolia</link>
      <guid isPermaLink="true">https://www.globalsouthworld.com/article/why-online-lotteries-and-betting-are-now-illegal-in-mongolia</guid>
      <pubDate>Tue, 03 Jun 2025 14:30:50 Z</pubDate>
      <description><![CDATA[<p>The country’s parliament has passed new legal amendments that not only outlaw these activities but also introduce tougher penalties for those involved in promoting or organising them.</p>
<p>The amendments were made as part of changes to the Law on Permits and several related laws, including the Criminal Code, the Law on Advertising, and tax regulations.</p>
<p>Under this new directive, anyone found running an illegal gambling or betting operation or helping to do so by sharing personal accounts, mobile numbers, or digital wallets can now be prosecuted under criminal law.</p>
<p>Authorities say  the ban is meant to close legal loopholes and stop the rapid growth of unregulated online gambling platforms, which have raised concerns about addiction, fraud, and their impact on vulnerable groups, especially the youth.</p>
<p>Advertising paid lotteries and betting games is now also illegal.</p>
<p>The revised laws hold both individuals and companies accountable if they promote gambling or encourage  children  to take part in it.</p>
<p>This includes digital promotions or influencer-led campaigns targeting young audiences on  social media .</p>
<p>The new rules come as Mongolia also approved its financial planning documents for the next three years, including a government debt strategy and budget forecasts.</p>
<p>Officials said tighter regulation of online gambling is part of wider efforts to ensure financial stability and reduce risky economic behaviour.</p>
<p>The government had previously faced criticism for lacking strong controls over digital betting, which has become more accessible due to the rise of mobile apps and digital payments.</p>
<p>According to lawmakers, these changes mark a firm step toward protecting public welfare and promoting responsible use of  technology .</p>
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      <source url="https://www.globalsouthworld.com">Global South World</source>
      <media:content url="https://gsw.codexcdn.net/assets/asVVeCEzZdA0FcZEn.jpg?width=1280&amp;height=720&amp;quality=75&amp;r=fill&amp;g=no" medium="image" type="image/jpeg">
        <media:credit role="photographer">Amr Alfiky</media:credit>
        <media:credit role="provider">REUTERS</media:credit>
        <media:title>FILE PHOTO: Mongolia's President Ukhnaagiin Khurelsukh</media:title>
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      <dc:creator><![CDATA[Wonder Hagan]]></dc:creator>
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