Egypt’s GAFI Proposes Regulatory Framework for Sports Betting and Gambling
Egypt's General Authority for Investment and Free Zones (GAFI) has advanced a regulatory proposal aimed at licensing and overseeing sports betting and gambling activities within the country. The proposed framework includes comprehensive guidelines intended to legalize and regulate both online and offline betting operations. This initiative aims to tackle the widespread problem of illegal gambling activities and create a transparent legal environment to attract legitimate investment into the sector. The regulations detail licensing requirements and operational controls, reflecting GAFI’s strategy to balance economic benefits with necessary oversight. This move aligns with broader government efforts to formalize risky sectors and support their contribution to Egypt’s economy while ensuring compliance with local laws. The final form and enactment of the regulations remain subject to official approval processes.