Payment processors under pressure in sweepstakes gaming

Imagine your job is to process millions of transactions every day. To add pressure, you face increasing scrutiny from regulators. Then, to add fuel to the fire, you need to consider potential lawsuits. And this is for just doing your job. This is the reality for payment processors who support the sweepstakes gaming industry.

Massachusetts fines FanDuel $10K for improper bets

MGC imposed a $10,000 fine on FanDuel Sportsbook this week for allowing bets on in-state college teams, a prohibited activity under state law.

US lawmakers propose new framework for online gambling

The US is at the forefront of the evolving online gambling industry. A new framework proposal, crafted by the National Council of Legislators from Gaming States, suggests tax rates of 15 percent to 25 percent and a ban on credit card deposits.

Illegal betting in Dutch sports: KSA takes action

The Dutch gambling authority, Kansspelautoriteit (KSA), has uncovered illegal betting activities by licensed operators, highlighting the need for stricter enforcement to protect sports integrity and prevent manipulation in under-21 and amateur sports.

Breaking down barriers to sweepstakes growth in the U.S.

Imagine you enter an online sweepstake for the chance to change your life by winning big. But then you discover your state has different rules. Or worse still, bans the activity outright. This regulatory maze is the reality for sweepstakes operators in the U.S., where federal laws provide a foundation, but state laws create a patchwork of challenges. The second instalment in our five-part series on sweepstakes gaming examines how operators manage diverse regulations while expanding in a dynamic market.

BGaming expands Latin American footprint with Peruvian license

A leading iGaming content provider, BGaming, has strengthened its presence in Latin America by securing a supplier license in Peru. The provider's engaging portfolio and robust technical platform have been approved by the country's gambling regulator, Mincetur. This certification validates the provider's technical platform and engaging game portfolio, enabling it to partner with local licensed operators.

UK racing faces £3 billion deficit as affordability checks hit online betting

The British horseracing industry is in a state of financial crisis. New figures have revealed that online betting turnover has plummeted by a colossal £3 billion in the last two years. This amounts to a 25 percent reduction in wagers and is being blamed on affordability checks which have recently been introduced. To gamble responsibly in the UK, bettors must undergo affordability checks, providing financial details as proof of their means.

Indonesia takes bold steps to combat online gambling

Indonesia blocked 380,000 online gambling sites as part of the new government’s plan to stamp out illegal gambling activities. Lawmakers are using artificial intelligence to detect and block providers, showcasing a strong commitment to tackling this pervasive issue.

Former EU justice chief suspected of money laundering

Belgian police have initiated a probe against former European justice chief Didier Reynders, for alleged money laundering.

Chris O’Neill appointed Chairperson of VGCCC  

The Victorian government has named Christopher O’Neill as the new Chairperson of the Victorian Gambling and Casino Control Commission (VGCCC). O’Neill, who has served as a Commissioner since 2022, succeeds Fran Thorn, the inaugural chair, who has been in the role since January 2022.