Betting Sites in Micronesia

Micronesia, Federated States of refers to an island country in the Asia Pacific and is part of the Caroline Island group. This country was colonially set free on the 3rd of November 1986 and, in the recent past years, has considered an uptake in the population’s activity in sports betting. This is a complete conceptual guide to betting sites in Micronesia including the sports betting and gambling laws of the country, the governing bodies of the betting sites in Micronesia and few of the best online sports betting platforms.

Betting Sites in Micronesia

1986: The beginning of the exploration of gambling industry regulation.

2000: Initial experience of the given athlete in the Olympic Games.

2005: National baseball team receives the bronze medal at the South Pacific Games.

2011: Pilar Shimizu gets a bronze in the Pacific Games.

2014: David Katoatau emerge gold winner at the Commonwealth Games.

It should be noted that each of the four states of the Federated States of Micronesia has its view regarding gambling. Here is a brief idea regarding the changes in gumal laws over the time.

  • 1885: Spain colonised Micronesia and therefore introduced the legal systems of the western world.
  • 1947: UN had entrusted Micronesia to the United States of America after the end of World War II.
  • 1979: The FSM was set up, it approved a constitution and created the basis for state laws.
  • 1986: FSM-US Compact of Free Association went into force that signified FSM’s independence.

Thus, it is possible to state that at the moment of the study, the federal level has not adopted specific laws regulating gambling, while each state has its own legislation that directly affects the functioning of both land-based and online casinos.

Regulatory of Betting Sites in Micronesia

The legal environment is also somewhat complicated due to the presence of various rules and regulating authorities in each of the states in Micronesia. These are the main analyzed agencies

  • Pohnpei Gaming Commission: Governs the gambling activities that take place in the Pohnpei area of the world or region.
  • Kosrae Gaming Board: Enforcement of gambling in Kosrae since gambling is mostly forbidden in the state.
  • Chuuk and Yap Gaming Authorities: These states have their own regulatory authorities but up to the moment these states do not have casinos.

Prohibited and Permitted Bets

It is quite a challenge to know the rights and the wrongs in Micronesia. Here’s a breakdown:

Permitted Bets

  • Sports Betting: Permitted but with very little or no oversight.
  • Lotteries: A few of the states allow local lotteries.
  • Social Gambling: Raffles, in small amounts and not for gambling are usually allowed.

Prohibited Bets

  • Online Casinos: Does not fall under the prohibited list, but neither is it allowed.
  • Foreign Investment in Casinos: Especially limited in the states like Kosrae.

Gambling Licenses and Fees

The process of acquring the gambling license in Micronesia is rather complicated due to the fact that there are too many state laws and regulations. Here’s what you need to know:Here’s what you need to know:

License Types

  • Sports Betting Licenses: Given out by the individual states for local operators.
  • Lottery Licenses: They are also state of issue and are mainly used in local community lottery.

Fees and Taxes

  • License Fees: Ranges from state to state and from one type of gambling to another type of gambling activity.
  • Gambling Taxes: It is usually low targeting local players to encourage them to invest in the business.

Best Betting Sites in Micronesia

Currently no locally based online betting site is existing but international betting sites are accessible to people of Micronesia. Below are some of the most frequent options.

Dafabet

Dafabet: Concerning the offers it provides, many options for sports betting are here, and bonuses are satisfactory.

Up To £130 + £5 Free Bets Visit Site

Betandyou

Betandyou: Accredited for its offers and types of offers it has in regards to what it offers to its players.

Up To £120 + £30 Free Bets Visit Site

1xBet

1xBet: Hence, it is a site that has numerous market alternatives and a very appealing welcome benefit offer.

Up To £100 Visit Site

Historic Progress of the Micronesian Sport

Despite its size, there is much that one can tell about the significance of sports in the Micronesian experience starting with major events that have motivated its people.

  • 2005: The national baseball team recently got the bronze medal at the South Pacific Games.
  • 2000: The history of participation of Micronesia in the Olympic Games starts from.
  • 2011: Pilar Shimizu received a bronze medal in the 200m freestyle at the Pacific Games 2003 held at the Hiropolitan Island.
  • 2014: Weightlifter David Katoatau has won Gold in weightlifting in the games of the common wealth.
  • 2017: The bronze medalist of the World Championships is Churandy Martina of the Netherlands Curaçao.

Sports Star Glory

Thus, Micronesia has raised some athletes that have taken part in the international competition.

  • Pilar Shimizu: The first Micronesian who won the international medal and the first man who became the participant of Olympic Games.
  • David Katoatau: More to it, Seiko was the first to come up with a gold medal winning technique in an international event.
  • Churandy Martina: To start with to emerge as a winner of the World Championships’ medal.

Neighboring Countries’ Gambling Laws

Although our main focus is the laws regarding gambling in the UK, as a broader perspective, below you will find brief information on the legislation of three neighboring countries.

Guam:

  • Legalization Year: 1977
  • License Types: This is a case of casino and lottery.
  • Tax Rate: 15%

Marshall Islands:

  • Legalization Year: 1999
  • License Types: Sports betting and casino can be put in the same category since they are both forms of gambling.
  • Tax Rate: 10%

Palau:

  • Legalization Year: 2003
  • License Types: Lottery and bingo.
  • Tax Rate: 12%

Conclusion

Micronesia betting sites provide a special opportunity for people from this country and other countries which are involved in betting. In this case, the legal framework varies depending on the area while there are also possibilities of expansion. To be in the loop and get the best out of your betting, it is advisable to join our community and delve more into Micronesia’s betting sector.

FAQ: Betting Sites in Micronesia

Related content

Betting Sites in Oceania: Best Bookmakers

Betting Sites in Papua New Guinea

Betting Sites in Papua New Guinea

Papua New Guinea lies in the southwestern Pacific Ocean, adjacent to Indonesia’s Irian Jaya Province to the west and is situated just to the north of Australia across the Torres Strait. It was granted independence on September 16 1975. In ... Read More about Betting Sites in Papua New Guinea
Betting Sites in Australia

Betting Sites in Australia

Australia is located in the region of the South Pacific and the Indian Ocean with its main land mass being the Australian mainland together with other islands like Tasmania. Australian became an independent country in the year 1931 but remains ... Read More about Betting Sites in Australia
Betting Sites in Kiribati

Betting Sites in Kiribati

Kiribati is a group of 33 islands located in the Pacific Ocean, specifically in the central part of it. It emerged to independence on the 12 of July, 1979 and named its self Kiribati. To the many, sports betting in ... Read More about Betting Sites in Kiribati
Betting Sites in Vanuatu

Betting Sites in Vanuatu

Vanuatu is a Melanesian archipelago located in the western part of the South Pacific Ocean, 1,900km east of Brisbane, Australia. An archipelatic nation that became independent on the 30th of July in 1980, Vanuatu has embraced gambling over the years ... Read More about Betting Sites in Vanuatu
Betting Sites in Fiji

Betting Sites in Fiji

Fiji is a country in the southwest Pacific Ocean that comprises of 332 islands out of which 106 are Conveyor Fiji. It gained its independence on 10th of October in 1970 and opted to be part of the commonwealth. It ... Read More about Betting Sites in Fiji
Betting Sites in New Zealand

Betting Sites in New Zealand

New Zealand is located in the south west part of the Pacific Ocean, opposite side of the Tasman Sea from Australia. The country comprises of the North Island, the South Island, Stewart Island as well as other minor islands. New ... Read More about Betting Sites in New Zealand
Betting Sites in Tonga

Betting Sites in Tonga

Tonga is located in the western part of the South Pacific and lies to the west of the International Date Line and touches Fiji to the west. Tonga is a sovereign state located in the south part of Oceania having ... Read More about Betting Sites in Tonga
Betting Sites in Tuvalu

Betting Sites in Tuvalu

Tuvalu is a Polynesian Archipelago situated in the Pacific Ocean, between Hawaii and Australia with the total of nine small coral atolls. It gained its autonomous administration on the 1 st of June, 1978, and independence on the 1 st ... Read More about Betting Sites in Tuvalu
Betting Sites in Marshall Islands

Betting Sites in Marshall Islands

The Marshall Islands are situated in the part of the world known as Micronesia in the Central Pacific Ocean. It has 29 atoll islands and 5 small islands together making it 1,225 islands and reefs. As has been seen, the ... Read More about Betting Sites in Marshall Islands
Betting Sites in Samoa

Betting Sites in Samoa

Samoa is an island country situated in the southern Pacific Ocean in the western part of the Samoa Islands chain. The country has only one city and that is the capital city of the country which is Apia. It was ... Read More about Betting Sites in Samoa
Scroll to Top