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Industry
September 26, 2023
CFTC Rejects Kalshi’s Congressional Betting Proposal
In addition to sports betting, placing wagers on different events has been gaining popularity over the last few years. Along with that, came attempts to place wagers on political outcomes, an activity that is criticized rightfully given its nature. Back in 2020, KalshiEX LLC became the first regulated financial exchange dedicated to trading event contracts. […]
Industry
September 26, 2023
Denmark Introduces Customized Player ID for Enhanced Consumer Protection
In a move aimed at enhancing consumer protection and curbing issues related to underage gambling and money laundering, the Danish gambling regulator, Spillemyndigheden, has declared that as of October 1, players must present a ‘Player ID’ when making wagers at physical retailers. Customized Player ID Enhances Consumer Protection The Player ID will be directly linked […]
Industry
September 25, 2023
NSW Prepares to Test Cashless Gaming, Invites Companies to Participate in the Trial
Liquor & Gaming New South Wales announced that it will be responsible for overseeing the upcoming cashless gaming technology trial in the Australian state and invited industry bodies to participate. Hosted by The Independent Panel on Gaming Reform, the trial will explore the potential of cashless systems to change gambling in NSW. According to the […]
Industry
September 25, 2023
Lotteritilsynet to Ensure Banks Do Not Interact with Offshore Operators
Norway continues its battle against unlicensed gambling websites. As offshore operators continue to target consumers in the country, the local gambling regulator, Lotteritilsynet, decided to monitor several banks to make sure they don’t interact with such companies. As outlined in Section 5 of the Norway Gambling Act, Norway prohibits banks from allowing customers to deposit […]
Industry
September 25, 2023
Public Health Experts Lambast Gambling Companies’ Underhanded Tactics
In a scathing editorial published in the journal Health Promotion International, a consortium of twelve public health experts has raised concerns about the tactics employed by gambling companies. The academics likened these strategies to the ones used by the tobacco industry, arguing that these companies are funding research into the harms of their activities while […]
Industry
September 25, 2023
US President Biden’s Battle Against ‘Junk Fees’ Sparks National Debate
US President Joe Biden has reaffirmed his commitment to combating the proliferation of hidden fees, colloquially known as “junk fees,” that often catch consumers off guard when making reservations or purchasing tickets. President Biden’s Crusade Against Deceptive Pricing Tactics Gains Momentum In recent posts on X (Formerly Twitter), President Joe Biden voiced his concerns over […]
Industry
September 22, 2023
Las Vegas Gaming Companies May Benefit from Business Travel Recovery
Three and a half years ago, the global COVID-19 pandemic impacted nearly all industries across the globe. The entertainment, hospitality and gambling sectors weren’t spared, and tribal and commercial casinos across the US endured temporary restrictions, including closures. Despite the huge impact of the pandemic on the gaming and hospitality sector, visitation is gradually returning […]
Industry
September 22, 2023
IGSA Confirms Creation of Cyber Resiliency Committee
The largest technical standards development organization focused on creating standards for the global gaming industry, the International Gaming Standards Association (IGSA), announced it forged a new committee that seeks to elevate the standards for cybersecurity. Confirmation about the new Cyber Resiliency Committee (CRC) came Thursday and it comes amid an increasing concern about a growing […]
Industry
September 22, 2023
Leading Gambling Executives to Participate in G2E 2023 Keynote
The world’s premier gathering of commercial and tribal gaming professionals, G2E, is planned to take place next month between October 9 and October 12. The much-anticipated event for the gambling sector will feature a dynamic keynote with recognizable executives from the industry. The keynote will precede the grand opening ceremony of the expo floor on […]
Industry
September 22, 2023
AML Operation Seizes $1.7bn in Assets in Singapore
Last month, an operation by the Singapore National Police against a group of foreign nationals, allegedly involved in money laundering and other criminal activities, including online gambling and scams, resulted in the arrest and charges against 10 individuals. At the time of the announcement, an estimated S$1 billion ($732.2 million) in assets were seized. In […]
