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Industry
May 29, 2024
bet365 and SGA Have Appeals Over 2021 Penalty Fee Rejected
Leading global betting brand founded in 2000, bet365, and the Swedish Gaming Authority (SGA) have had their appeals on a dispute originating in 2021 rejected by a Court of Appeal in Jönköping. Backstory On March 28, 2020, the sports betting brand that currently employs 7,000+ people and counts more than 90 million customers worldwide provided […]
Industry
May 29, 2024
MGC Fines Fanatics for Offering In-State College Bet
The Massachusetts Gaming Commission (MGC), the state’s gambling regulator, has issued a fine of $10,000 to Fanatics Sportsbook. According to the authority, the gambling company violated the state’s betting rules by allowing customers to wager on an in-state collegiate sports team. The bet in question was placed in December last year. The MGC learned that […]
Industry
May 29, 2024
Sweden: BOS Warns Tax Increase May Link to Rise in Problem Gambling
Ahead of the increase in the gambling tax rate in Sweden, a new report highlighted the potential negative impact of the change. The current tax rate of 18% is expected to increase to 22% for Swedish gambling operators effective from July 1, 2024. This change is expected to bring additional tax revenue but along with […]
Industry
May 28, 2024
Court Revokes Spelinspektionen’s Cease Order against Zimpler
Zimpler, a provider of payment solutions, has successfully appealed an order from the Swedish regulator (Spelinspektionen) to stop providing its BankID services to unlicensed companies. The development follows an order issued in 2023. On July 6, 2023, the Spelinspektionen ordered Zimpler to cease providing BankID payment service solutions to gambling companies that are not licensed […]
Industry
May 28, 2024
Swedish Gambling Authority Fines Hacksaw and Panda Bluemoon
The authority that ensures the legality, safety, and reliability of the Swedish gaming and gambling market, the Swedish Gambling Authority (SGA), has issued a series of warnings and penalties to Hacksaw Studios and Panda Bluemoon for offering online games to unlicensed operators. SGA Deems Hacksaw’s Processes “Inadequate” Hacksaw has been slapped with a SEK2.6 million […]
Industry
May 28, 2024
Ukraine Issues Ban on Gambling Advertising Amid Harm Concerns
Ukraine’s government has opted to ban all gambling advertising in the country. The changes are outlined in resolution No. 583 and come amid an intense crackdown on the gambling industry. The resolution was adopted by the Cabinet of Ministers and aligns with the ongoing efforts to mitigate the negative impact of online gambling on the […]
Industry
May 27, 2024
New Bill May Require iGaming, Betting Companies to Change Data Policies
Across the United States, licensed betting and online gambling operators must comply with the regulatory framework established in each different state. While some rules match, others differ which makes compliance challenging, especially considering that there are nearly 40 states that currently offer legal betting. Now, a newly released draft proposal calls for the establishment of […]
Industry
May 24, 2024
MGA’s GREF 2024 Conference Underscored the Importance of Unity in Regulation
The Malta Gaming Authority just hosted the Gaming Regulators European Forum’s (GREF) 2024 conference in Malta. The important event took place from May 20 to 22 and was attended by more than 90 representatives of regulatory bodies from over 25 countries. This year’s event welcomed regulators from other continents for the first time, expanding the […]
Industry
May 24, 2024
KSA to Take Stricter Action against Halls without Permits
The Dutch gambling regulator Kansspelautoriteit (KSA) announced that it will enforce stricter measures in order to combat illegal gambling machines. This announcement was prompted by the increasing number of reports about violations in the Netherlands. According to the KSA, the authority continues to receive reports about operator companies that do not comply with the Dutch […]
Sports
May 24, 2024
Massachusetts Senate Declines Sports Betting Tax Rate Increase
Available in nearly 40 US states, legal sports betting already reaches a large number of the country’s population. With regulation of the activity in the hands of lawmakers in different states, the tax rate is different from one jurisdiction to the other. Massachusetts was among the states that legalized betting in 2022 but it wasn’t […]
