It is reported that US dollars equivalent to at least MNT 10 billion are outflowing from Mongolia through illegal casinos and gambling companies. This is one of many reasons which caused increase in the value of the US dollar as a foreign currency.
On December 26, 2022, the Minister of Justice and Internal Affairs, Kh.Nyambaatar, said that the government should take specific measures to improve the legal environment for foreign companies operating in casinos and online gambling.
Unlicensed foreign companies such as “1xBet”, “Linebet”, “Bet365” were operating illegally in Mongolia. The Communications Regulatory Commission of Mongolia blocked the access to the “1xbet.mn” website from the country and blacklisted it. Further steps are being taken to block mobile phone numbers and applications using to access those sites.