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Industry
October 3, 2024
US Appeals Court Greenlights Kalshi to Relaunch Election Betting
About a year has passed since the legal battle between Kalshi, the New York-headquartered regulated exchange and prediction market, and the Commodity Futures Trading Commission (CFTC). In a surprise turn of events, an appeal filed by the latter with the Court of Appeals for the District of Columbia Circuit sided with the former on Wednesday […]
Industry
October 2, 2024
Brazil Allows 89 Operators to Operate Until the End of the Year
Brazil’s Ministry of Finance announced that 89 operators will be permitted to offer their products by the end of the year. The country had previously announced that the period from October 1 to December 31 will be a transitional phase during which only those serious about doing business in Brazil will be allowed to operate. […]
Industry
October 2, 2024
MGA Suspends Goldwin’s Authorization Over Customer-Unfriendly Practices
The Malta Gaming Authority (MGA) announced that it has suspended the authorization awarded to Goldwin, the company behind Westcasino. The gambling company has been accused of sporting anti-player policies and possibly failing to meet its obligations to the customers in a timely manner. The Operator Must Allow Customers to Withdraw Funds According to the MGA, […]
Industry
October 2, 2024
VGW Exits Connecticut Amid Pushback Against Sweepstakes
VGW Holdings, a leading operator of sweepstakes games, has ceased its operation in Connecticut following a cease and desist order from the Connecticut Department of Consumer Protection. This comes amid an increased pushback against the controversial sweepstakes industry. VGW Holdings Exited Connecticut The Connecticut Department of Consumer Protection sent a letter to VGW in February […]
Industry
October 2, 2024
Italy Tightens Grip on Gambling Firms amid Concerns About Money Laundering
The global gambling industry is frequently used as a front for different unlawful activities such as money laundering for example. Despite the efforts of the operators, casinos, online gambling platforms and betting providers can fall victim to such illicit activities. Considering that gambling operators deal with significant sums, they are obligated to comply with different […]
Industry
October 1, 2024
Brazil to Enforce Crackdown Plan Aimed at Illegal Gambling
At the start of September, Brazil announced it was ready to block several websites offering risky products leading to excessive gambling. The decision was aligned with the country’s ongoing efforts to enhance player protection, especially in the context of the upcoming opening of the regulated betting market scheduled for January 1, 2025. At the start […]
Industry
October 1, 2024
Wyoming Lawmakers Eye iGaming Legalization Opportunities
Wyoming lawmakers are considering the possibility of expanding the local gaming market, potentially even launching regulated online casino gaming. To that end, experts will conduct a study on the state of the local industry and determine whether iGaming would benefit the local market. Wyoming Considers Online Casinos As Wyoming considers the future, the Wyoming Gaming […]
Industry
September 30, 2024
Brazilian Lawmakers Introduce New Safer Gambling Bills
As Brazil prepares to launch regulated sports betting, lawmakers continue to discuss potential safer gambling measures. Officials have launched two measures that would protect vulnerable players from gambling harm as addiction-related concerns grow. New Measures Would Protect the Vulnerable from Harm Senator Alessandro Vieira introduced PL 3,718/2024, a measure that would limit betting among senior […]
Industry
September 30, 2024
Former Regulator Exec Advocates for Stronger Gambling Framework
There are different regulations when it comes to gambling in states across the US. While some states permit casino and sports betting, others prohibit such forms of gambling. Just like the regulation can vary from one state to the other, so can the legal gambling age. In some US states, the minimum age required for […]
Industry
September 30, 2024
Tim Costello Criticizes NRL, AFL for Ignoring Problem Gambling
Gambling is recognized as a serious public health issue in Australia. The scale of the issue is evident, especially considering the annual losses to gambling hit AU$32 billion ($21.6 billion) based on data supplied by the Queensland Government Statistician’s Office. In that line of thought, meaningful changes are long overdue, and the time has come […]
