Cyprus Parliament Begins Discussions On Sports Betting Law Amendment

Cyprus parliament begins discussions on sports betting law amendment. One of the proposed modifications to the sports betting legislation requires the use of a percentage of all tax revenue obtained from betting to help, train and treat footballers at all levels in Cyprus.

The legislation suggests that 0.3% of all sports betting profits will be allocated to the Professional Players’ Association PASP programmes. Such services include promoting the mental health of football players.

PASP’s programmes also support the Red Button initiative, which aims to immediately detect fixed matches, as well as providing education and support to PASP members through college scholarships, specialised training, and more.

These programmes are beneficial to the entirety of Cypriot football, including players themselves, clubs, the Cyprus Football Association and all other bodies involved in the sport.

“We salute this proposal put forth at the House of Representatives which has finally triggered a discussion after a period of three years. We are certain that the relevant officials will decide what’s best for the common good of Cypriot sports,” Spyros Neofytides, executive president of PASP, said.

[image: LSD For Society]

bitcoin
Bitcoin (BTC) $ 10,490.35 0.18%
ethereum
Ethereum (ETH) $ 339.63 0.32%
tether
Tether (USDT) $ 1.00 0.16%
ripple
XRP (XRP) $ 0.232524 0.10%
bitcoin-cash
Bitcoin Cash (BCH) $ 215.28 0.42%
polkadot
Polkadot (DOT) $ 4.17 3.27%
binancecoin
Binance Coin (BNB) $ 23.83 1.02%
chainlink
Chainlink (LINK) $ 8.18 7.90%
crypto-com-chain
Crypto.com Coin (CRO) $ 0.152234 0.04%
litecoin
Litecoin (LTC) $ 44.77 2.59%
S&P 500  ^GSPC 
$3,236.92  $78.65  (-2.37%)
Dow Jones Industrial Average  ^DJI 
$26,763.13  $525.05  (-1.92%)
NASDAQ Composite  ^IXIC 
$10,632.99  $330.65  (-3.02%)
Russell 2000  ^RUT 
$1,451.46  $45.50  (-3.04%)
Crude Oil Nov 20  F*CL.NYM 
$39.44  $0.4900  (-1.23%)
   
$0.0000  $0.0000  (0.00%)