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Gambling News - 'Regulation'
Legal
February 22, 2023
Proposal in Connecticut Calls for Tough Gambling Ad Regulation
The state is one of the few that currently offers not only online gambling but retail, as well as online sports betting services. It was back in October 2021 when Connecticut launched its regulated online gambling and sports betting market. Not unexpectedly, the activity is restricted to people under the age of 21, which is […]
Legal
February 22, 2023
Betr License at Risk after New Breaches Were Identified
The Australian sports betting operator betr landed in hot water after two new regulation breaches were identified. Both violations were described as “serious,” meaning that betr’s license might be on the line. Betr Is in Trouble for Breaching the Code Despite being a fairly new operator, betr is already under scrutiny for having breached the […]
Blockchain
February 22, 2023
Hong Kong Considers Crypto Trading, Launches Consultation on Rules
Currently, China has tough regulations when it comes to crypto trading. In fact, the country has cracked down on the activity and banned such transactions in an effort to protect its population from speculative transactions and fraud attempts. This crackdown resulted in many Chinese crypto-focused web3 businesses giving up on the opportunity to operate within […]
Industry
February 22, 2023
UK Sports Minister Stuart Andrew to Take Over as Gambling Minister
The Racing Post reported that Stuart Andrew, the Sports Minister, is expected to take over as the Gambling Minister from Paul Scully. Andrew’s appointment indicates that the white paper publication process can be restarted, even though the Department for Culture, Media and Sport has not yet confirmed it officially. Scully’s Departure Causes Yet Another Delay […]
Industry
February 20, 2023
New South Wales Moving to Restrict Slot Machines Statewide
The problem of money laundering was the one to receive the most attention up until recently. However, as the citizens’ voices begin to be heard more and more, public perception is also becoming an important factor in the government’s decisions. NSW Government Addressing Slot Machines The Liberal and Nationals New South Wales (NSW) government started […]
Industry
February 20, 2023
Swedish Gambling Authority Changes View on License Requirements
Following a recent verdict by the Administrative Court in Linköping, Spelinspektionen, the Swedish Gambling Authority, has decided to reverse its stance on the role of negative equity in the process of evaluating license eligibility. Gambling Regulator Still Maintains Negative Equity Renders License Unsuitability In December 2019, Avento, the proprietor of Frank Casino and SlotsV, was […]
Industry
February 17, 2023
Colorado Regulator Head Dan Hartman Retires after a Successful Tenure
Hartman was in charge of the regulator when the Centennial State officially introduced legal sports betting in May 2020. His tenure was notable for a level-headed and pragmatic approach, focusing on dialogue with operators and responsible gaming initiatives. Hartman was generally content with the organization’s accomplishments, noting it had more or less mastered the fundamentals. […]
Industry
February 17, 2023
MGA Asks Unlicensed Operators to Self-report their Activity
The Malta Gaming Authority (MGA) has asked unlicensed operators to self-report their activity. This refers to companies that hold a license in European jurisdictions but are not licensed by the MGA. The regulator implied that it might be much more lenient to companies that decide to come forward. MGA Asks Unlicensed Operators to Come Forward […]
Sports
February 16, 2023
Calvin Ridley Applies for Reinstatement, Hopes to Return to the NFL
Calvin Ridley, an American football wide receiver, was suspended from the NFL for wagering on sports. The reformed player acknowledged his mistake and will now try to return to competing. Ridley Wagered on Sports Ridley was suspended after placing several mobile wagers in November 2021. It is known that Ridley placed around 10 bets and […]
Legal
February 16, 2023
10Bet to Pay £620,000 in the UK Due to Multiple Violations
In September 2021, the regulator launched a thorough evaluation of Blue Star Planet Limited, the company behind the 10Bet brand, after an investigation uncovered that the operator had several substantial problems with anti-money laundering (AML) policies and responsible gambling. 10Bet has taken steps to remedy these shortcomings, which is why the UKGC agreed to a […]