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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. […]
Legal
September 26, 2023
Australia Pushes Age Classification for Gambling Games and Loot Boxes
Loot boxes are a part of many popular modern video games. The feature offers an activity that is similar to a game of chance where players can open, unlock or break a loot box and receive a random prize. Australia is the latest country to implement changes related to loot boxes as a part of […]
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 […]
Legal
September 25, 2023
Stakeholders in Germany Ask for Changes to Gambling Regulations
Ratified by the German Federal States in March 2021 and adopted on July 1 of the same year, the 2021 Interstate Gambling Treaty (GlüNeuRStv) imposes a general ban on online gambling with the exception of licensed traditional lotteries, sports betting, horse racing, online poker, virtual slot machines, online poker, and online casino games, to a […]
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 21, 2023
Chile Bans Offshore Sportsbooks But Operators Remain Adaptive
A few days ago, The Supreme Court of Chile decided to ban unlicensed sports betting websites. However, weeding out offshore sportsbooks might prove a difficult task. Accepting a protection appeal by Superintendencia de Casinos de Juego, Chile’s gambling regulator, the Supreme Court issued the ban on sports betting websites on internet service provider (ISP) Mundo […]
Industry
September 21, 2023
Sweden Unveils Plans to Increase Gambling Tax
In 2019, Sweden reregulated its online gambling market, granting licenses to operators and enabling them to offer their services legally to customers in the country. At the time, a tax rate of 18% on gross gaming revenue (GGR) was applied, one that is relatively high when compared to other European countries. Yet, a new proposal […]
Industry
September 20, 2023
ACMA Remains Vigilant, Blocking Five More Offshore Gambling Websites
In its latest action, ACMA has identified five offshore gambling websites – Viperspin, Just Casino, Betandplay, Play Fina, and Comic Play Casino – operating in breach of Australia’s Interactive Gambling Act 2001. The authority has been steadily intensifying its efforts, hoping to curb illegal offshore gambling activities within the country. ACMA Intensifies Its Efforts as […]
Sports
September 20, 2023
ICC Charges Eight Players and Officials for Breaching Anti-Corruption Rules
The International Cricket Council (ICC) has brought charges against eight individuals, including players and officials, for alleged violations of anti-corruption regulations within high-profile cricket games. While the attempts to violate the game’s integrity failed, the alleged activities have led to steep charges. This recent controversy highlights cricket’s mixed relationship with sports betting and the ICC’s […]
