Western Europe

Constitutional Court of Belgium invalidates a 2016 constitutional amendment which calls for gambling operators to pay 21% VAT

The HALLO ECHO

The Constitutional Court of Belgium invalidated a 2016 constitutional amendment on Thursday which called for online gambling operators to pay a 21% value-added tax on their Belgian operations. The online gambling market was regulated by Belgium in the early 2010 when amendments to the Gaming and Betting Act of 1999 were publicised in the Belgian Official Gazette.…

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Autorité des marchés financiers (AMF),France calls forth companies using cryptocurrencies to adhere to certain rules

The HALLO ECHO

The stock market regulatory body of  France, the Autorité des marchés financiers (AMF) has ruled that companies using cryptocurrencies must adhere to certain rules. The decision comes on the heels of an analysis of the legal qualification of cryptocurrency derivatives, which the AMF conducted post an escalation in the number of online trading platforms offering…

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Betting Companies halted from GAA Sponsorship

The HALLO ECHO

As a motion prohibiting the involvement of betting companies received inordinate back up at the Annual Congress, the BETTING companies have been halted from sponsoring GAA teams, competitions, playing gear, and facilities. While addressing the first motion of a busy Congress at Croke Park, Roscommon’s, Michael Rock affirmed that gambling has now emerged as an…

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Premier Lotteries Ireland adjures the Government to spare National Lottery from threat

The HALLO ECHO

The Premier Lotteries Ireland (PLI),  which provides online and in-store lottery services in Ireland, called on the country’s government to halt offshore companies that offer betting on draws. The Irish Sun newspaper reported that PLI met with a number of ministers to discuss the issue in an effort to establish a “legislative solution to prevent damage…

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Research calls for German authorities to halt video game loot boxes

The HALLO ECHO

The German authorities along with a group of critics in one accord have come to the forefront demanding the regulation of video game loot boxes This is in consequence of a scrutiny that revealed that video games were adopting gambling elements. As per the Welt Am Sonntag’s reports, Germany’s Commission for Youth Media Protection, part of…

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Dutch Financial Markets Authority alerts of Cryptocurrency Investment Risks, Bans Gambling-Like Binary Options

The HALLO ECHO

The Netherlands Authority for the Financial Markets (AFM) demands restrictive measures on bitcoin and altcoins investment and betting on the price of bitcoin when banking firms are warning that a bitcoin bubble could dwarf the 1600s Dutch tulip mania. In an interview with local media outlet de Volksrant, Merel van Vroonhoven, the Chairwoman of the AFM, affirmed that…

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