Month: November 2019

First Blockchain-based Sports Betting License granted on Isle of Man

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The Isle of Man Gambling Supervision Commission (GSC) awarded the license to RoBET, the first blockchain-based sports betting business to obtain it. The SolutionsHub, an Isle of Man-based authority that specializes in crypto and blockchain gambling licensing, supported them with its application. On the new platform, users can bet on 17 different sports using Ethereum, Bitcoin and their own RAC tokens. It manages all sports … Continue

Sweden ready to launch new anti-money laundering reporting system

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Spelinspektionen, Swedish gambling regulator, has unveiled a new anti-money laundering (AML) for the gambling operators to report suspicious financial transactions and terrorist financing. The goAML system is a fully integrated software solution developed specifically for Financial Intelligence Units (FIU’s) by the United Nations Office on Drugs and Crime (UNODC), as part of its strategic responses to financial crime, including money-laundering and terrorist financing. goAML opens … Continue

Russia approves Crimea gambling zone, forst casino to open in 2022

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The Russian Prime Minister Dmitry Medvedev has approved and signed legislation approving the creation of a designated “Golden Coast” gaming zone located on the southern coast of the disputed region of Crimea. The zone, which the government expects will open its first casino by 2022, will take up an area of 146,851 square meters (0.147 sq km/32.3 acres) and be located near a small village … Continue

Google relaxes gambling advertising rules in U.S.

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Google has further relaxed its policy regarding gambling advertising in the United States. In the 15th October ads policy update, Google search engine giant announced that clients from Indiana, Iowa, Pennsylvania, Montana, Rhode Island, and some other international countries can join those in Nevada, New Jersey, and West Virginia, will be able to advertise for sports betting through Google advertising services. There have been many … Continue

Michigan House Legalizes Sports Betting and Fantasy Sports

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This Wednesday the Michigan House of Representatives legalizes sports betting, internet gaming and gambling on fantasy sports, even though lawmakers haven’t reached a consensus with Gov. Gretchen Whitmer. The Sports Betting Act passed by a vote of 63-45. The new bill introduces an 8.75% tax on sports betting, and an extra 3.25% tax for Detroit casinos. For online betting, the tax would start at 4% … Continue

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