ATLANTIC CITY, N.J. (AP) — In one of the most sternly worded rebukes they have ever issued, New Jersey gambling regulators have fined DraftKings $100,000 for reporting inaccurate sports betting data to the state, which it called “unacceptable conduct” that demonstrated weaknesses in the company’s business abilities. The errors resulted in regulators having to post...
Tag: regulation
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Finland prepares for liberalised gaming market in 2027
Commercial gambling operators will be active in Finland by early 2027, according to a draft gambling bill presented by the country’s Ministry of the Interior. The government initially set out plans to end Veikkaus’ current monopoly by 2026, and it plans to meet that deadline. However the market will not launch until 2027, with operators...
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Increased gambling tax in Sweden comes into effect
Sweden’s increased excise tax on gambling comes into effect from today, Monday, July 1. The new tax, up to 22 per cent from 18 per cent, covers all verticals and received mixed reaction from across the industry in Sweden before being approved by the government in May. The gambling regulator, Spelinspektionen, said while it had...
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Aposta Ganha CCO: Regulated firms could make up 80% of Brazil online gambling
Hugo Baungartner, chief commercial officer for Brazilian online operator Grupo Aposta Ganha said he expects Brazil’s online gambling market to be 80% regulated once it is up and running in 2025. Speaking during the latest episode of iGaming Business’ ‘World Series of Politics’ podcast, Baungartner told hosts Brendt Idan and Brendan Bussman, “We know that...
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Alberta to follow Ontario roadmap in launching commercial online gambling market
Alberta’s administration is to follow fellow Canadian province Ontario’s blueprint by launching a regulated online gambling market. Alberta, which includes the cities of Calgary and Edmonton, would open up its market in line with Ontario’s launch in 2022. Commercial online gambling has since contributed CA$2.7bn (US$1.97m) to Ontario’s GDP, according to figures released this week....
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States, Trai jump into the fray to regulate online gaming
In the absence of a self-regulatory mechanism for online gaming proposed by the Ministry of Electronics and Information Technology (MeitY) in April last year, multiple regulatory offshoots are emerging for the sector. These include laws being framed by states including Tamil Nadu and Karnataka to curb online real money gaming. At the central level, the...
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Missouri sports betting ballot campaign garners support
A campaign to put a sports betting ballot to Missouri voters could well get over the line after assistance from the US state’s professional sports teams. As reported by the Associated Press, the club mascots of the Cardinals, Royals and St. Louis Blues garnered over 340,000 voter signatures on Thursday. The campaign requires around 180,000...
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TN govt proposes stringent action on online gambling advertisements – ET BrandEquity
Image used for representative purpose only The Tamil Nadu government on Thursday said it has proposed to take stringent action against those advertising online gambling, online gaming of chance, betting, etc., by putting up hoardings, posters, banners, or autorickshaw branding to promote their website/apps in the state. The members of the public could share information...
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UK Approved Bodies found Team-AB to aid regulatory understanding
UK Approved Bodies and those undergoing the designation process have announced the foundation of Team-AB. Team-AB represents UK Approved Bodies in their dealings with key stakeholders, including: theMedicines and Healthcare products Regulatory Agency (MHRA), industry trade associations and other stakeholder groups where a combined effort is beneficial. Team-AB will provide a forum for applicant and...