North Carolina Governor Josh Stein signed the state's budget on Tuesday, which includes a notable increase in the online sports betting tax and provisions for taxing prediction market platforms, despite …
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Latest in Regulations & Licenses
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Regulations & Licenses
ESMA Confirms Prediction Markets Are Financial Instruments
by Sienna Marques 3 minutes readThe European Securities and Markets Authority (ESMA) has issued a warning regarding prediction markets that feature binary yes-or-no outcomes and fixed payouts, indicating that such markets qualify as restricted financial …
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Regulations & Licenses
Angola Implements Transitional Licensing for Gaming Operators
by Sienna Marques 1 minutes readAngola's Institute of Games Supervision (ISJ) has introduced a transitional licensing framework that grants eligible operators a 30-day period to obtain provisional licenses under the newly implemented Gaming Activity Act. …
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Regulations & Licenses
Gambling Commission Launches Financial Risk Assessments
by Sienna Marques 3 minutes readThe Gambling Commission announced plans to roll out Financial Risk Assessments (FRAs) for customers demonstrating unusual spending patterns. This initiative targets players whose net deposits exceed £5,000 in a rolling …
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Regulations & Licenses
Kazakhstan Blocks $21 Million in Illegal Casino Transactions
by Sienna Marques 2 minutes readKazakhstan's government has reported that banks have successfully blocked over $21 million in transactions related to illegal casino platforms within a span of six months. Prime Minister Oljas Bektenov revealed …
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Regulations & Licenses
Italian Senate Proposes 2% Levy on Domestic Football Bets
by Sienna Marques 3 minutes readA proposal put forth in the Italian Senate aims to establish a 2% levy on all domestic football bets, intending to create a sustainable funding source for the nation’s football …
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Regulations & Licenses
Bet365 and Austrac Reach Agreement on AML Compliance Issues
by Sienna Marques 2 minutes readBet365’s Australian subsidiary, Hillside (Australia New Media) Pty Ltd, has committed to rectifying deficiencies in its anti-money laundering and counter-terrorism financing (AML/CTF) controls. This agreement follows an investigation by the …
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Regulations & Licenses
ESMA Classifies Some Prediction Markets as Financial Instruments
by Sienna Marques 3 minutes readThe European Securities and Markets Authority (ESMA) has issued a warning indicating that prediction markets offering binary yes-or-no outcomes with fixed payouts are classified as restricted financial instruments. In a …
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Regulations & Licenses
Bet365 Implements Remediation Plan with Austrac for AML/CTF Compliance
by Sienna Marques 2 minutes readBet365’s Australian division, Hillside (Australia New Media) Pty Ltd, has committed to addressing deficiencies in its anti-money laundering and counter-terrorism financing (AML/CTF) controls following an investigation by Austrac, the Australian …
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Regulations & Licenses
Czech Republic’s Innovative Approach to Gambling Regulation
by Sienna Marques 7 minutes readDebates surrounding gambling regulation have often followed a predictable path. Operators routinely express concerns that politicians favor attention-grabbing legislation. Regulators counter by saying the industry resists necessary oversight, while public …
