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Legal
July 25, 2023
Sports Betting Legislation in Brazil Gains Traction
Brazil, a country identified for the high potential of its sports betting market, made a major move toward regulated sports betting after the country’s President, Luiz Inacio Lula da Silva, signed a Provisional Measure (PM) that paves the way for the activity. The announcement comes after significant delays but represents a milestone moment as it […]
Legal
July 25, 2023
US Fifth Court of Appeals Sides with PredictIt in CFTC Lawsuit
PredictIt is a popular platform that enables customers to place wagers regarding the outcome of financial, as well as political events. The betting platform has been involved in a lawsuit for quite some time now after the Commodity Futures Trading Commission (CFTC) asked it to discontinue its offering last summer. In response, PredictIt filed a […]
Legal
July 24, 2023
Betsafe Evades Sanction in Lithuania after Regulatory Breaches
The Gambling Supervision Service under the Ministry of Finance of the Republic of Lithuania, the gambling regulator in the country, unveiled details regarding a new probe into Lošimų strateginė grupė UAB, trading as Betsafe. On Monday, the regulator confirmed that it conducted an inspection of the company and uncovered breaches of the regulation related to […]
Legal
July 24, 2023
Australian Federal Court Hits Illegal Gambling Operator with Fine
The Australian Federal Court has ordered a company that was believed to have offered illegal online gambling services, to pay a fine of AU$5 million ($3.4 million). Announcement about the enforcement action came Monday and follows complaints raised by two customers of the online gambling operator. The decision of the Federal Court also comes after […]
Legal
July 21, 2023
UK Says No to Regulating Crypto as Gambling
According to the government, the proposal by a lawmaker in the country to regulate crypto as a form of gambling would mean that – although crypto would have been dealt a reputational blow – the regulators themselves would be at a loss on how to address cases such as the collapse of FTX. Crypto Cannot […]
Legal
July 20, 2023
Hawkeyes Lineman Absent From Big Ten Media Days Amidst NCAA Investigation
The National Collegiate Athletic Association (NCAA) investigation targeted 41 athletes and one employee at the University of Iowa and Iowa State University, alleging they violated gambling-related rules. Defensive lineman Noah Shannon admitted he was among these suspects, preferring to wait for the review to end before representing his team during Big Ten Media Days. Shannon […]
Legal
July 20, 2023
Steve Wynn Agrees to Pay $10M and Cut Ties with Nevada Gaming
Steve Wynn, the former CEO of Wynn Resorts, has agreed to pay a fine of $10 million to settle his outstanding trouble in Nevada. In addition, the mogul will leave Nevada gaming for good. Mr Wynn has been in hot water in the state after he was accused of sexual abuse and misconduct against female […]
Legal
July 18, 2023
Betfred Fined Over Multiple AML and Social Responsibility Failures
The UK Gambling Commission (UKGC) has issued a £3.25 million ($4.25, current conversion rates) fine to Betfred following an investigation that uncovered a number of social responsibility and anti-money laundering (AML) violations. The commission noted that the failings in question occurred between January 2021 and December 2022. The UKGC listed Betfred’s shortcomings, noting that the […]
Legal
July 17, 2023
UK Gambling Commission Reviews 888 Holdings’ Operating Licence
The future of online betting group 888 Holdings, which owns William Hill, has been cast into uncertainty as its license to operate in the UK comes under review by the UK Gambling Commission (UKGC). Former GVC Executives’ Proposed Appointments Trigger Investigation into 888 The three individuals, Lee Feldman, Kenny Alexander, and Stephen Morana, had previously […]
Legal
July 14, 2023
Gambling Expansion in North Carolina Is Possible, Lawmakers Says
There are currently three casinos that offer land-based gambling in North Carolina. The venues are run by two Native American Tribes and provide vital support in the form of jobs and proceeds for different initiatives. Yet, North Carolina recently expanded its gambling activities by legalizing online sports betting. While retail betting options have been available […]
