Gambling

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

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

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

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.

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

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

Philippines considers taxing POGOs with 5%

The Philippines Representative Joey Salceda filled a new bill in the House of Representatives proposing a new 5% tax on the revenue generated by the Philippines Offshore Gaming Operators (POGOs) and their service providers register as resident corporations. The bill also sets out a $10,000 monthly tax on table games, and a $5,000 monthly fee levied on random number generator (RNG) based games such as … Continue

Ukraine government approves new gambling law

Ukraine government has approved the new Action Program, which includes draft legislation that would regulate gambling in the country. The content of the draft bill (No. 2285) is not currently publicly available, but according to the cabinet’s announcement, the law would permit gambling “exclusively on the territory of hotels, with the use of gambling equipment with software that meets international standards.” The government was on … Continue

Romanian cryptocurrency legislation. Virtual currency trading regulations.

No matter if we discuss the Bitcoin, Etherum, Ripple, etc., or even the so much waited for Libra from Facebook, all cryptocurrencies tend to capture more and more of people’s attention. The main interest is in speculative gains such as those generated by the fluctuations of these cryptocurrencies in relation to the classical currencies such as Dollar or Euro. In addition to the people who … Continue

B.C. government changes the Gaming Control Act to support First Nations communities

The changes proposed by the BC government to the Gaming Control Act will ensure a stable, long-term source of revenue for B.C. First Nations. If passed, will provide B.C. First Nations with 7% of BC Lottery Corporation’s net income for 23 years. The gaming control amendment act will allow the government to finalize a long-term agreement to share approximately $100 million per year from provincial … Continue

France adopts new gambling regulations

The French government has introduced new gambling regulations, including the creation of a new gambling authority the National Gambling Authority (L’autorité nationale des jeux – ANJ), before the planned privatisation of state-owned gaming and lottery operator FDJ. The new authority will be composed of nine members who will be appointed for a term of six years, with the French president appointing the president of the … Continue

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