Norway’s Oil Fund holds $3.25bn in gambling investments
Norway’s Government Pension Fund Global held $3,246,707,536 in gambling and iGaming investments as of 30 June 2025, reportedly. The holdings represented 0.167% of the fund’s total value, stated as $1,941,071,971,596. A late-2024 ethics assessment did not exclude any gambling companies, while a government-appointed committee has until 15 October 2026 to review the Council on Ethics’ mandate.
The holdings show operators and investors the scale of the fund’s exposure to gambling companies despite Norway’s domestic restrictions.