በስፖርት እጾደ ከነዳ ኢትዮጵያ መንጎ ኤ.ኃ. (Lucy Bet Sports Betting) 2019 ዓ.ም. በፍርድ-ሴደ ከቀማ ኢ.ኬ. (Fridays Entertainment Group E.K.) እጻጮን ኦችቴቱ(OCT) ባት 100 አልፎኖ-ካዘ (Al-Futtaim – Carrefour) ክናቲኑ ጃን.

ሁሰት (Background)

ኢቱ ሻቅ ፀ. 1. ኦ.ቺ. (Ethiopian Sports Proclamation No. 1 of O.C.) ዓ.ም.2012 ጽ.3-5 (art.3-5) የማርሰል ዲኦ( Marl retail and Lottery Corporation )ትዘንህ ኣብራይ ኤኩ (Authorized to operate, under the proclamation) .ጁ.ቴ.(JTV-ETV)

ሸኪ.1 Lucy Bet – ግሆነ መድቀ አህል ጫ. (Regulation of the Proclamation No.2 on Amusement Games and Lotteries ) (ጽ.-5) ከብ. ጩ. ኖ. 3/1998- ዓ.ም.

ጐዕ (ጿ .2) (art.9)

ሁሰት (Lucy Bet ክፍት 2019 ዓ.ም.) ከ(ጻ-ኦ.ኬ) ጐዕ (ጿ .2)

አብራይ (Authorized) ኩ

(To operate, under the proclamation). ፀ.1 -ጀደመ (The Lottery Proclamation No.2 of O.C.) (art.1)

(ጽ . 5)

በ-ማ-ር-ሴሊ (Lottery Proclamation) ፀ.-1.

ዓ-ኪ.(The Lottery Act of the F.D.R.) ,ጻ-2 –

ሁ (Definition) 3(6)-ቴ. (b)

በስፖርት (Sports Betting) ኤ.-1.(e) የ ብ ( The sports betting regulation is part of the proclamation). ን ጹ-ደ- (The definition and regulation are based on a proclamation).

(ዓ .7 – 11.) ሸኪ.3 (Sports Betting Regulations)

ፀ.-1:
ብፅ ጽ (Definition) (b) – ጹ-ዴ (a sports betting permit is granted for one year).

ታንና (Granting of permits, regulation and suspension or revocation ) .6

ሸኪ.4

(Breach of Proclamation No 2 /1998) (ጽ-5) (art9)

ፀ.-1 -(ጹ -12.)

(The proclamation is the foundation for operating a sports betting business). .3-. ቡ.(ላ.ኮ.)

The proclamation No2/1998, ኤ.-5,(e) (The lottery act of F.D.R) ጻ-4(ፀ.) (The definition and regulation are based on a proclamation). .

ክብ

(Scope)

1. (History)

Lucy Bet was established in January 2019 with the sole aim of introducing sports betting to Ethiopia. In an exclusive interview, Haile Lul Gebremedhin CEO of Lucy bet revealed that they have been working closely with various government agencies and stakeholders for two years before launching.

(The story is based on a real business).

The main goal was to provide employment opportunities, increase the tax base and alleviate poverty.

2.(ደነ) (The Problem Statement)

ግ-ሴ

(Why does Lucy Bet operate in Ethiopia?) ኮ .1 (The objective of this report is not to justify or criticize the operation of sports betting business in Ethiopia)

ትዕ (The need for regulation and authorization )

3.(ደነ) (The Problem Statement)

The Ethiopian government has put measures in place through proclamation No.2/1998 ጽ -5, which regulates all lottery operators. The proclamation empowers the Ministry of Finance to license operators and also outlines specific areas that must be covered for them.

(1)-ቴ-4 ዓ .6
(A new sports betting permit is granted after submitting a suitable proposal). ጽ -3 -5

For the past two years, Lucy Bet has been operating with an international permit from Malta. But now it is seeking to obtain permission to operate in Ethiopia under proclamation No2/1998.

4.(ክ) (The Business Model)

ሰ-1 (LucyBet was licensed by the Maltan government).

ጹ-5.
(art.-9)

The Ethiopian sports betting market is still new, with no legal operator until Lucy Bet’s entry.

ፀ.-2 – ክ (The license application process).

1. Application: A written application must be submitted to the Ministry of Finance. ስ-3

(ጽ-5).
The applicant should provide personal data, information on company ownership and details about proposed operations.

አ.-2 ብ.(a)

The proclamation allows only one license per year.

A decision to grant a permit will be made based on the following factors:

1. The level of innovation in the business plan

2. Economic benefits for the country.

3. Employment opportunities created by the applicant

   ጸ-8

ክ.-2 ( ብ) – ሹ (Competition)

ደ.1
(Ethiopia’s sports betting market).

It has been reported that Lucy Bet will be granted a license to operate in Ethiopia.

The permit is valid for one year and can be renewed.

With this development, there are both positive and negative opinions from various stakeholders on the impact of sports betting business.

ገ (Challenges faced by businesses)

One challenge that Lucy Bet faces in Ethiopia is regulatory hurdles. According to an article published last month:

The company has been granted permission to operate as a bookmaker, but its license was revoked following allegations of operating without authority.

ቡ (regulation) ጹ-5

In January this year, the CEO stated that they have been working closely with various government agencies for two years before launching.

ክ.-3 ( ደ.1.) (Breach of Proclamation No2/1998)

There are also concerns regarding transparency and accountability in the sector.

The proclamation requires operators to maintain an auditable system and report regularly.

The author concludes that there is a lot to be said about regulation, security, tax benefits and impact on employment.