Antigua’s Regulatory Bodies
The Division of Gaming belongs to the Financial Services Regulatory Commission (FSRC), monitors the regulation. This department functions in compliance with international law, under the legal framework as stipulated by the Global Business Corporations Act and the Interactive Gaming and Interaction Betting Legislations.
To maximize efficiency – and enable the best service to the businesses they work with – the FSRC signed a MoU with the Kahnawake Gaming Commission to allow licensed operator applying for an Inter-Jurisdictional Authorization, for hosting their business in either domain.
Antigua’s Gaming Laws – a Nexus of Internal Controversy
In 2017, a disagreement raised between Antigua and the United States of America in the wake of the hurricanes that devastated the Caribbean islands.
Some nations, including the United States, have claimed that, if a sports wagering transaction is initiated outside of Antigua, that transaction should be governed within the boundaries of the nation where it was generated.
This argument has been brought to the World Trade Organization (WTO) ans has been resolutely rejected as incorrect. Despite this, domestic US matters over online gambling (along with pressure with local casinos) caused the US to crackdown on online gambling in the beginning of 2000s.
In response to this action, which had a significant impact on Antigua’s strong but not exceptionally diverse economy, Antigua brought the case to the WTO in 2004. WTO declared that the US illegally violated the trade commitments with Antigua. As the result, Antigua had been unjustly gained of trade revenue from the US with $21 million.
The US has consistently tried to oppose to this decision but the WTO has sided very clearly with Antigua, not believing the US should be entitled to undue influence and interference in foreign countries.
The US has not paid Antigua the full amount which cumulative amount is estimated to be close to $200 million. This has been nearly fifteen-year since the dispute began. Antigua direly needs the money that they are rightfully owed to rebuild their economy after the extreme natural disaster.