Regulation & Law

Online operators must, in general, adhere to existing payment schedules, though the regulator noted there would be case-by-case exceptions.

Velipekka Nummikoski will leave Veikkaus after 14 years, ending an executive tenure within the leadership ranks of Finland’s state-owned gambling firm. Veikkaus’ Deputy Chief Executive Officer joined the gambling monopoly before the establishment of the current Veikkaus and will leave as the state-…

As expected, UK Prime Minister Andy Burnham’s plans to move against the retail betting and gaming industries by removing the Aim to Permit rule have prompted a lot of discussion. It hasn’t even been a week since Burnham took to X to call out vape shops, betting and “dodgy businesses”. The PM wants…

What is Google’s gambling advertising policy? Google’s gambling advertising policy sits under the broader Gambling and Games policy published in Google’s Ads Help Center. In short, Google permits the promotion of gambling, but only by advertisers certified by Google for the specific country they’re…

A New Jersey man has pleaded guilty to defrauding nearly 100 victims of more than $47 million in what has been seen as a major Ponzi scheme that saw the man purport that he would invest the money, only to end up spending it on his gambling habit. Man Pleads Guilty as His Ponzi Scheme […]

After a seven-year ban failed to eliminate sports betting, Albania is preparing to license up to 10 online operators.

South Korean police have arrested 58 people accused of operating illegal online gambling websites that used the brand and trademarks of casino operator Kangwon Land Inc, according to local media. The cyber investigation unit of the Gyeongbuk Provincial Police Agency said the suspects included a Rus…

Online gaming operators in the Philippines must direct investment in workforce training into “three critical pillars”, says Ellen Joy Almanza, managing consultant at Buenas PH, an online casino licensed by the Philippine Amusement and Gaming Corp (Pagcor). They are, she said, “embedding volume-scal…

The Philippine Amusement and Gaming Corp (Pagcor), the nation’s casino regulator-cum-operator, says 16 of its Casino Filipino sites and branches have secured the ISO 9001:2015 certification, following a series of surveillance audits earlier this year. The certification was presented to Pagcor chair…

The post CFTC Invokes Emergency Powers To Keep Kalshi Running In New York appeared first on SportsHandle. The Commodity Futures Trading Commission ordered Kalshi on Aug. 11 to keep its exchange running in New York, a move that puts the federal agency directly in the path of a state lawsuit seeking…

As the CFTC moves closer to formalising rules on prediction markets, the regulator may conduct a review of the controversial products.

In a landmark move for Colorado casino workers, employees across Bally’s three Black Hawk properties voted to organize with Teamsters Local 455, according to union officials. The vote, conducted through a card-check process, applies to 110 workers across Bally’s East, North, and West properties in…

South Korean police have broken up an international online gambling ring that used illicit pornography—including explicit media exploiting minors—to lure players to its sites. The Korean National Police Agency, working alongside Europol and the U.S. Department of Homeland Security, arrested a South…

JPMorgan Chase (NYSE: JPM) reportedly ended its banking relationship with Polymarket last October as regulatory scrutiny intensified around the prediction market operator. Citing unidentified sources with knowledge of the matter, The Financial Times reports that the largest U.S. bank debanked Polym…

Macau continues to seek ways to lessen its economic dependence on casino gambling. The local government announced this week a plan to raise non-gaming sectors’ gross domestic product (GDP) contribution to 60% by 2030. Macau Chief Executive Sam Hou Fai unveiled the “New Blueprint, New Journey, New O…

Repealing the UK’s ‘aim to permit’ licensing principle risks messy and potentially major legislative changes for the UK’s already beleaguered retail gambling sector.

A New Jersey man has pleaded guilty to defrauding nearly 100 victims of more than $47 million through a Ponzi-like investment scheme, with much of the stolen money used to cover his “gambling habit.” The United States Attorney’s Office for the District of New Jersey said Thursday (Aug. 13) that Leo…

The line between gambling and investing has never been murkier, with federally regulated prediction markets increasingly resembling sportsbooks. Yet the Internal Revenue Service (IRS) is telling Americans to stick with state-licensed betting platforms when gambling. With prediction markets licensed…