Latvian officials have been taking at look at the country's online gambling legislation.
Latvian Lotteries and Gambling Supervisory Inspection and the Ministry of Finance have initiated changes in the legislature that controls offline and online gambling.
Amendments for the online gambling sector include a massive redesign of the current rules, regulations and the enforcement of the rules.
As in the US, banks and money processors will be required to block all transactions from unlicensed online gambling operators and a five per cent gambling tax on GGR will be imposed.
Advertising for the Olympic Games and other related events that are sanctioned by the Latvian Olympic Committee and other sport federations will be allowed for licensed online gaming operations.
The age restriction to access online gambling services in Latvia will be 21 years old.
