Singapore regulator considers updating remote gambling license to permit prize trading
The Gambling Regulatory Authority (GRA) of Singapore will start public consultations. This is about proposed changes to its remote games of chance (RGOC) licence.
The current Gambling Control Act started on 1 August 2022. The industry has kept changing since that time.
The GRA notes that many players use in-game marketplaces. They trade and get items for their games. These items include graffiti, stickers, weapons, and weapon skins.
These are done on third-party platforms. Type 2 RGOC licensees cannot offer these platforms or services themselves.