Compliance Updates

The most recent compliance updates of the online and land based gaming industry in the European Union, Asia, Russia and Americas

NBA to backup legal sports betting provided the league takes 1 per cent of the operations

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The National Basketball Association (NBA) pointed out that would backup legal sports betting provided the league takes 1 percent of the operations. NBA, which is currently in the act of pushing for legislation of sports betting with the condition of receiving 1 percent of the profits of legal operations, anticipates the ruling of US Supreme…

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Austria Considering New Amendments, Foreign Operators in the Crosshairs

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Austria’s Ministry of Finance is currently in the process of reviewing the country’s Gambling Act aiming to introduce new amendments that could seriously affect the local online gambling market. Namely, the revised Act would seek to completely ban all foreign gambling operators and even request refunds for the losses players accrued playing with these operators over the…

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West Virginia to acquire a law which would give the go ahead for sports betting in the state

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West Virginia seems to be almost close to acquiring a law which would give the go ahead for sports betting in the state. Consequently, both the chambers of the state legislature have signed off on the proposal, emerging as the foremost state legislature to acquire that feat in 2018. In the Friday’s session in Charleston…

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Should gambling keep on track in Utah?

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Should gambling keep on track in Utah? In view of this, the Senate said, do not bet on it moving closer to the loophole. The Senators voted 21-1 to pass SB225, sending it to the House for deliberation. In relation, Weiler, R-Woods Cross, stated that many gas stations and convenience stores in Utah offer what…

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Swiss Financial Regulator,FINMA straightens out the Path for ICOs

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By publicising the  guidelines  (“Guidelines”), explicating  how it intends to implement  financial market legislations in dealing with  enquiries regarding the applicable regulatory framework for initial coin offerings (“ICO”)dated February 16, 2018 FINMA, the Swiss Financial Market Supervisory Authority paves the path for ICOs. The Guidelines complement  FINMA’s earlier Guidance  04/2017, published on September 29, 2017. By issuing…

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A set of bills could be a game-changer for Michigan’s online gambling

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When the current laws say online gambling is beyond the pale. It is anticipated that a set of bills advancing through the Michigan’s legislature could be a game changer for the online gambling industry within the state. In view of this, Rep. Brandt Iden, R-Oshtemo, said he is looking forward to set up online gambling…

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