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Industry
May 13, 2024
UKGC Executive Emphasizes Importance of Constructive Industry Relations
Recently, the gambling regulator in the UK, the Gambling Commission, unveiled extensive changes in an effort to boost the safety of gamblers in the country. The described changes are in line with the ongoing efforts of the UK government for the overhaul of the gambling sector, initiated as a result of the review of the […]
Industry
May 13, 2024
CFTC Considers Banning Derivative Betting on Sports and Elections
Ahead of the presidential elections in the United States, a financial regulator has moved closer to implementing a ban on derivatives for betting on political contests and sports. Although it remains unclear if the ban would be implemented in time or if at all, in case this happens, bettors looking to place wagers on the […]
Industry
May 10, 2024
Brazil Implements New 15% Player Winnings Tax
Brazil’s Federal Revenue Service has introduced new guidelines for taxing net prizes obtained from fixed-odds lottery bets, subjecting them to a Personal Income Tax (IRPF) rate of 15%. This development marks another step forward in the country’s efforts to finalize its updated gambling legislation, ushering in a safe and sustainable market that will benefit all […]
Sports
May 9, 2024
BetMGM CEO Cautions against Prop Bets on Illegal Sportsbooks
The sports betting expansion across the United States helped bring legal wagering to residents in nearly 40 states. Yet, concerns about the negative impact of the activity, especially around excessive gambling and the integrity of sports, continue to mount. Recently, amid reports of athletes being abused by gamblers on social media, different leagues and stakeholders […]
Industry
May 8, 2024
Brazil Unveils New Regulations Ahead of Gambling Industry Launch
Brazil’s Ministry of Finance has unveiled updated regulations ahead of the anticipated launch of the country’s sports betting market. The new ordinance, issued by the Betting and Prizes Secretariat and published in the Federal Official Gazette, introduces vital provisions ensuring the integrity and security of the industry amidst new industry trends and rising global challenges. […]
Industry
May 8, 2024
Draft in Spain Includes Decree on Gambling Ads for Social Media Influencers
A few years ago, in 2020, Spain introduced its Royal Decree, a law that effectively imposed heavy restrictions, particularly for gambling advertising. In light of the tough measures, gambling operators no longer had the option of advertising their products freely. Yet, the restrictions were appealed by Jdigital, the country’s online gambling trade association, which argued […]
Industry
May 7, 2024
SPA Confirms That Brazilian Operators Must Add .Bet to Their URLs
The Secretariat of Prizes and Betting (SPA) of Brazil’s Ministry of Finance has concluded that licensed operators will be required to add .bet to their domain names. As a result, operators’ URLs will need to have .bet.br after the company name. This decision has been discussed for a while now as the secretariat was uncertain […]
Industry
May 7, 2024
Australians Favor Age Verification for Pornography, Gambling, Says Poll
Gambling is identified as a serious public health issue in Australia. Known as the world’s biggest losers, Aussies lose hundreds of thousands of dollars daily, making the losses hundreds of millions on a monthly basis and billions annually. Understanding the significant impact gambling has on society, the country’s government is considering changes to the gambling […]
Industry
May 6, 2024
Ontario Students Embroiled in Illegal Gambling Operation
Orillia, Ontario, has become the focal point of an alarming online gambling scheme targeting high school students, prompting a police investigation. Reports surfaced in April revealing that a gambling website called Topbets lured underage individuals. Once signed up, students found themselves embroiled in a dangerous cycle of debt, accompanied by threats from those behind the […]
Sports
May 3, 2024
Sandro Tonali Receives a Suspended Ban for Violating FA’s Code
Sandro Tonali has received a two-month suspended ban for his gambling violations. The ban is suspended until the conclusion of the 2024-25 season and will come into effect if Tonali commits a new violation. The FA charged the midfielder with 50 breaches of FA Rule E8 for placing bets on football matches between 12 August […]
