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Legal
January 3, 2024
California Tribes Divided over Sports Betting Proposal
Currently, California is among a handful of states that are actively trying to legalize sports betting. With the activity available in 37 US states, as well as DC, more lawmakers are warming up to the idea of the benefits of legal betting. One effort toward legalizing wagering on sports is led by Eagle1 Acquisition Corp. […]
Legal
January 3, 2024
Battle against Illegal Gambling in Alabama to Gain Momentum
Illegal gambling is once again in the sights of lawmakers in Alabama. With illegal gambling running rampant across the state, lawmakers identified the need for robust and effective legislation that would repeal illegal gambling. Such efforts are likely to resume during the new regular session of the legislators. Yet nothing is certain considering that successful […]
Legal
January 3, 2024
Maine Legislators to Resume Efforts for Tribal Gambling Expansion
Maine’s federally recognized tribes have been offering online sports betting since the launch of the state’s legal market early in November last year. This became possible after state lawmakers legalized online sports betting back in May 2022. Now, efforts of the legislators to expand the gambling options for Maine residents are likely to resume, a […]
Legal
December 22, 2023
Betting and iGaming Await Final Approval in Brazil
Sports betting and online gambling may become a reality for Brazil as early as 2024 after an important decision taken by the country’s Chamber of Deputies. In a final voting session on Thursday, the Deputies voted to approve Bill 3,626/2023, a proposal that called for the regulation of sports betting, as announced by Agência Câmara […]
Legal
December 22, 2023
Bulgaria Introduces Drastic Fee Hikes for Gambling Operators
Bulgaria has finalized an overhaul of fees for gambling operators, increasing costs between two and four times. These measures should bring in roughly BGN 200 million ($112.62 million) in additional revenue for the government. This amendment, integrated into the final provisions of the 2024 State Budget Law, garnered support after significant deliberations involving the country’s […]
Legal
December 21, 2023
Swedish Court Orders Betsson to Pay Back Client’s Losses
In a landmark ruling by the Swedish Patent and Market Court of Appeal, Betsson, a prominent betting company, has been mandated to refund all losses the plaintiff, a man suffering from a gambling disorder. This development has significant long-term consequences and follows similar cases in other European jurisdictions. Betsson May Face Other Such Lawsuits According […]
Legal
December 21, 2023
Alabama Senator Fears Gambling to Win Democrats Election
Efforts for the repeal of Alabama’s prohibition on gambling date back more than two decades. Back in 1999, voters in the state rejected a proposal that called for the establishment of a lottery and similar efforts since have not gained much traction. While lawmakers identify the potential benefits of legal gambling, no bill has made […]
Legal
December 20, 2023
Virginia AG Weighs DFS Games in Sports Wagering Decision
Daily fantasy sports (DFS) is a popular activity across the United States. Despite its popularity, the activity has seen scrutiny recently with more states strengthening their rules applicable to DFS operators and some even outright banning fantasy contests. DFS games in major sports betting markets such as New York and Michigan were banned earlier this […]
Legal
December 20, 2023
Malta’s FIAU Imposes Fine on Trannel International for Compliance Failures
Malta’s Financial Intelligence Analysis Unit (FIAU) has slapped a hefty fine of €222,736 ($244,085) on Trannel International Limited, a subsidiary of the Kindred Group, for significant lapses in compliance with regulatory standards. FIAU Exposes Trannel’s Risk Analysis Shortcomings with Critical Compliance Deficiencies The FIAU’s investigation revealed that Trannel had failed to conduct proper risk analyses […]
Legal
December 20, 2023
FBI Claps Back at MGM Cyber Criminals with Decryption Tool
According to the Justice Department, a coalition of law enforcement agencies in Europe and the United States has been able to foil the plans of the hacker organization which launched a series of attacks on the hospitality and gaming sector in the USA, and notably targeted gaming and hospitality company MGM. Hackers Mount Debilitating Attacks […]
