Saturday, April 11, 2026
Jobs
  • Login
  • Register
StockMarket.et
Weekly Newsletter
  • News
    • Stock News
    • Business
    • Economy
  • Capital Market
    • Learn Stock Market
  • Crypto
    • Crypto News
    • Learn Crypto
    • Crypto Glossary
  • Tech
  • Regulation
  • Birr FX Rate
  • Publications
  • Tools
    • Stock Market Data
    • Birr FX Rate
  • Biritu l ብሪቱ
  • Data Hub
No Result
View All Result
  • News
    • Stock News
    • Business
    • Economy
  • Capital Market
    • Learn Stock Market
  • Crypto
    • Crypto News
    • Learn Crypto
    • Crypto Glossary
  • Tech
  • Regulation
  • Birr FX Rate
  • Publications
  • Tools
    • Stock Market Data
    • Birr FX Rate
  • Biritu l ብሪቱ
  • Data Hub
No Result
View All Result
StockMarket.et
No Result
View All Result

Ethiopia Revokes Licenses of All Sports Betting Companies

StockMarket.et by StockMarket.et
December 15, 2025
in Business, Regulation
Reading Time: 1 min read
126
A A
0
Ethiopia Revokes Licenses of All Sports Betting Companies
AI is thinking...

The Ethiopian Lottery Service has announced the revocation of licenses for all sports betting companies operating in the country, effective December 6, 2018.

In an official statement, the Service said the decision was taken in line with directives issued by the Government of the Federal Democratic Republic of Ethiopia and the regulatory authority granted to the Lottery Service by law. The measure applies equally to all betting companies, including those previously banned.

Related articles

New Player Destta Targets Informal Remittance Market with Transparent Transfers

New Player Destta Targets Informal Remittance Market with Transparent Transfers

April 9, 2026
Ethiopian Investment Holdings Logo

$720M Boost: Ethiopia’s SOE Reforms Shift from Risk Control to Growth Engine, Says World Bank

April 8, 2026
U.S., Iran Move Toward Ceasefire Deal as Oil Prices Drop

U.S., Iran Move Toward Ceasefire Deal as Oil Prices Drop

April 8, 2026
Ethiopia Posts Record $6.76 Billion Export Revenue in Eight Months

Ethiopia Posts Record $6.76 Billion Export Revenue in Eight Months

April 1, 2026
Load More

According to the statement, the revocation follows a comprehensive national review of the betting and financial sector, which uncovered widespread illegal practices, violations of licensing agreements, and illicit money transfers posing risks to national security.

As part of the directive, all sports betting activities—whether physical, digital, or otherwise—must be immediately suspended. Deposit gateways are required to cease operations, no new bets may be accepted, and all server data, financial records, and user information must be preserved and kept confidential. The Service warned that any destruction, alteration, or concealment of evidence will be punishable under criminal law.

Financial institutions, including banks, payment instrument issuers, and payment system operators, have also been instructed to block betting agencies from conducting any sales or payment-related activities with immediate effect.

The Ethiopian Lottery Service stated that it will strictly enforce the decision in cooperation with relevant government institutions and warned that any party violating the directive will be held legally accountable.

Tweet104ShareShare29Share166
StockMarket.et

StockMarket.et

Your Trusted Source for News, Insights, Analysis, and Updates on the Ethiopian Capital Market.

Related Posts

New Player Destta Targets Informal Remittance Market with Transparent Transfers
Bank

New Player Destta Targets Informal Remittance Market with Transparent Transfers

by StockMarket.et
April 9, 2026
0

Destta, a U.S.-registered fintech company, has officially launched the beta version of its global remittance platform in Ethiopia, positioning itself...

Ethiopian Investment Holdings Logo
Business

$720M Boost: Ethiopia’s SOE Reforms Shift from Risk Control to Growth Engine, Says World Bank

by StockMarket.et
April 8, 2026
0

Ethiopia is accelerating a major transformation in its state-owned enterprises (SOEs), shifting from a focus on risk management to unlocking...

U.S., Iran Move Toward Ceasefire Deal as Oil Prices Drop

U.S., Iran Move Toward Ceasefire Deal as Oil Prices Drop

April 8, 2026
Ethiopia Posts Record $6.76 Billion Export Revenue in Eight Months

Ethiopia Posts Record $6.76 Billion Export Revenue in Eight Months

April 1, 2026
180,000 Metric Tons of Oil Stalled: Hormuz Closure Triples Global Prices, Squeezes Ethiopia’s Fuel Supply

180,000 Metric Tons of Oil Stalled: Hormuz Closure Triples Global Prices, Squeezes Ethiopia’s Fuel Supply

April 1, 2026
Ethiopia Sends Non-Essential Public Workers on Leave as Fuel Shortage Deepens

Ethiopia Sends Non-Essential Public Workers on Leave as Fuel Shortage Deepens

March 30, 2026
Load More
  • Trending
  • Comments
  • Latest
Ethiopia Revokes Licenses of All Sports Betting Companies

Ethiopia Revokes Licenses of All Sports Betting Companies

December 15, 2025
Ethiopian Federal Police Charges Fintech Investment plc Founders in 1.7 Billion Birr Fraud Case

Ethiopian Federal Police Charges Fintech Investment plc Founders in 1.7 Billion Birr Fraud Case

March 28, 2026
EIH Deputy CEOs on Ethiopian digital lottery inauguration

Ethiopia Launches Its First-Ever Digital Lottery

April 13, 2025
AliExpress Set to Enter Ethiopian Market, Signaling Major Shift in E-Commerce

AliExpress Set to Enter Ethiopian Market, Signaling Major Shift in E-Commerce

August 8, 2024
Ports, Land-Lock, and Logistics: Ethiopia’s Strategic Maritime Dilemma

Ports, Land-Lock, and Logistics: Ethiopia’s Strategic Maritime Dilemma

1
Ethiopia’s Capital Market Authority (ECMA) Launches Three Draft Directives to Strengthen Regulation of Capital Markets

Ethiopia’s Capital Market Authority (ECMA) Launches Three Draft Directives to Strengthen Regulation of Capital Markets

0
Ethiopia Enacts Proclamation to Establish Capital Markets System, Paving the Way for Economic Growth

Ethiopia Enacts Proclamation to Establish Capital Markets System, Paving the Way for Economic Growth

0
What is Cryptocurrency?

What is Cryptocurrency?

0
The Data Problem: Why No One Really Knows What’s Happening

The Data Problem: Why No One Really Knows What’s Happening

April 9, 2026
New Player Destta Targets Informal Remittance Market with Transparent Transfers

New Player Destta Targets Informal Remittance Market with Transparent Transfers

April 9, 2026
Mastercard Deepens Ethiopia Push as StarPay and Choice Microfinance Seal Strategic Digital Finance Deals

Mastercard Deepens Ethiopia Push as StarPay and Choice Microfinance Seal Strategic Digital Finance Deals

April 8, 2026
Ethiopian Investment Holdings Logo

$720M Boost: Ethiopia’s SOE Reforms Shift from Risk Control to Growth Engine, Says World Bank

April 8, 2026

Empower individuals with the knowledge and tools necessary for successful participation in the Ethiopian Capital Market.

NEWS

  • Markets
  • Business
  • Economy
  • Tech

IN DEPTH

  • Magazine
  • Interview
  • Opinion

EXPLORE

  • Data Hub
  • Biritu I ብሪቱ
  • Newsletter
  • Birr FX rate

Mobile Apps 

StockMarket Weekly

Stockmarket.et covers economy, business, finance and capital market. 

Haile Kenenisa
Haile Kenenisa@example.com
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Contact Us

© 2026 StockMarket.et by PiSpace

Welcome Back!

Sign In with Google
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Google
OR

Fill the forms bellow to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • Login
  • Sign Up
Forgot Password?
Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.
body::-webkit-scrollbar { width: 7px; } body::-webkit-scrollbar-track { border-radius: 10px; background: #f0f0f0; } body::-webkit-scrollbar-thumb { border-radius: 50px; background: #dfdbdb }
No Result
View All Result
  • News
    • Stock News
    • Finance
    • Crypto News
    • Regulation
  • Learn
    • Learn Stock Market
    • Learn Crypto
    • Crypto Glossary
  • Market Data
    • Stock Market Data
  • Business
  • Publications
  • Data Hub
  • Birr FX Rate
  • Biritu l ብሪቱ
  • Jobs
  • Contact Us
  • Login
  • Sign Up

© 2025 StockMarket.et by PiSpace.

Weekly Newsletter
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Terms & Conditions and Privacy Policy.