Sri Lanka legalises online betting, targets grey market By Bandula Sirimanna View(s): View(s):Sri Lanka’s new Gambling Regulatory Authority (GRA) is to bring online betting onboard under a structured, high-tax legal framework in a state of rapid transition from an unregulated “grey market”. Online betting is now legally recognised under the Gambling Regulatory Authority Act, No. While the GRA is still in the process of formalising all the licences, established online betting sites like STBet continue to lead the way in the local digital space. Sri Lanka is competing to become “India’s Macau,” using the luxury integrated resorts such as the $1.2 billion City of Dreams in Colombo to boost its associated betting and tourism revenue. The landscape of cricket betting in Sri Lanka has also seen a massive shift with the implementation of the new Act.

Source: Sunday Times March 14, 2026 19:02 UTC