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.
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Table of Contents
Summary of Key Events
Legal Framework of Gambling in Micronesia
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.
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Betandyou
Betandyou: Accredited for its offers and types of offers it has in regards to what it offers to its players.
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1xBet
1xBet: Hence, it is a site that has numerous market alternatives and a very appealing welcome benefit offer.
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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
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