SBC Eurasia Editorial Team is happy to present a quick recap of the gambling industry events, news, regulations, and partnerships that happened last week.
Russia’s Finance Minister Anton Siluanov has approached President Vladimir Putin with a proposal to consider legalizing online casinos. While the Philippine gaming regulator PAGCOR has reduced the tax for operators of live sports betting to 15%, while the rate for virtual sports remains at 30%.
The guaranteed launch of Finland’s new gambling market marks a historic turning point for European gambling regulation, as the final EU member state dismantles its online monopoly structure. While loss limits have become the core of Finland’s safer gambling recommendations, prepared by the Gambling Risk and Harm Assessment Group at the Ministry of Social Affairs and Health.
The Brazilian state reaped big financial rewards from the gambling sector in the first year of the new regulated market, according to the Federal Revenue Service (FRB). While Italian Prime Minister Giorgia Meloni has accelerated reforms in the country’s gambling sector.
The UK Gambling Commission (UKGC) has launched a consultation proposing increases to licence fees for gambling operators across Great Britain.
European and Nordic authorities require an expanded capacity and greater regulatory coordination to understand the black market on online gambling, an academic review claims.
Google’s rules and requirements around gambling advertising will become stricter later this year, amid widespread political and public concern about the extent of industry marketing. While PayPal’s Honey browser faces significant backlash as three major affiliate networks terminate their partnership with the publisher amid fraudulent claims.
TikTok has finalized an agreement to launch a separate version of the app in the U.S., effectively ending nearly a year-long legal battle over a potential ban of the platform. While the American Gaming Association (AGA) is facing another round of exits as two key stakeholders in gaming relinquish their memberships with the trade group.
The Lithuanian gambling regulator has concluded its investigation into the use of the Betsson brand in the name of the Lithuanian Basketball League and decided not to impose a fine, as the violation was corrected during the inspection. While bet365 has stated that it intends to continue contesting the binding instruction issued by the Netherlands gambling regulator.
BetConstruct AI has launched Choice Gaming, a studio giving operators full control over content. While iGaming company Instasoft has unveiled its first comprehensive turnkey solution.
DAZN is further expanding its reach into prediction markets, though the firm probably wouldn’t call its new platform ‘betting’ or ‘wagering’ to be exact – and its contemporaries in its new realm of predictions certainly don’t like their products being referred to as this.
The National Basketball Association (NBA) is making quite the impact across Europe, according to the latest betting stats from Entain.
Sports betting solutions provider SOFTSWISS has completed the second of two major appointments in its technology leadership this month, naming a new Chief Technology Officer (CTO).
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