To gain a clearer understanding of the potential risks associated with gambling, Brazil’s federal government has formed the Interministerial Working Group on Mental Health, Prevention, and Harm Reduction of Problem Gambling. The initiative brings together representatives from key government ministries, including sports, finance, health, and the Secretariat of Social Communication of the Presidency. The working...
Tag: responsible gambling
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Zimbabwe introduces 10% tax on sports betting winnings
Zimbabwe’s finance minister, Mthuli Ncube, has proposed a 10% withholding tax on gross winnings from sports betting. The announcement came during the presentation of the 2025 National Budget in parliament last week. The tax, effective from 1 January 2025, will be levied on all winnings regardless of their size. Ncube highlighted the rapid growth of...
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More people are calling P.E.I.’s gambling support line. The province says that’s a good thing
Calls to Prince Edward Island’s gambling support line have risen over the past few years, but provincial officials say that’s not necessarily a bad thing. In fact, rather than a rise in gambling rates, the province said the increase points to evidence that more people are taking advantage of supports available to curb what can...
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How Bitcoin Is Changing the Future of Online Gambling Regulation
As the world of online gambling continues to evolve, one of the most pressing issues is the future of gambling regulation, particularly in relation to cryptocurrency, with Bitcoin at the forefront. The rise of Bitcoin and other cryptocurrencies has revolutionized the online gaming sector, offering new levels of privacy, security, and global access. However, these...
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Online Gambling Market in North America Forecast to Reach $27.49 Billion by 2029 – Industry Analysis with Country-Specific Insights by Type of Gambling, Platform and End-user
Company Logo North American Online Gambling Market North American Online Gambling Market Dublin, Oct. 02, 2024 (GLOBE NEWSWIRE) — The “North America Online Gambling Market by Country, Competition, Forecast and Opportunities, 2019-2029F” report has been added to ResearchAndMarkets.com’s offering. The North America Online Gambling Market was valued at USD 13.36 billion in 2023, and is...
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This study suggests Canadian regulators should pace themselves when crafting RG rules
Within a year of launching legal online gambling in Canada, complaints about frequency and content of advertising were common. A new study suggests regulators are moving too quickly to appropriately address the issue. The Canadian Gaming Association Wednesday (25 September) released an academic and policy study. It posits that new gambling regulations in Canada are...
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The best gambling sites in the UK
From physical and online casinos to bookmakers and sports betting sites, the UK gambling market has evolved into an intricate, sophisticated product catering for total beginners to seasoned punters. And with gambling continuing to increase in popularity, it is helpful to know the best and safest gambling sites to use. To that end, we’ve reviewed...
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Underage Gamblers Beware: Regulated Online Casinos to Forfeit Winnings and Adopt Biometric Age Verification Tools
Minimum Deposit Casinos WATERFORD, Ireland, Aug. 22, 2024 (GLOBE NEWSWIRE) — In a bid to double down on underage gambling, regulated online casinos globally will forfeit the winnings of those found to be under the legal age. As the gambling industry draws a firm line against illegal play, it is also adopting cutting-edge biometric facial...
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The Future of Sports Betting in Maine: Trends and Predictions – Study Breaks
As more states embrace the legalization of sports betting, it’s crucial to explore the trends and predictions that will shape the future of this industry in Maine. This blog will delve into the potential developments, technological advancements, and market trends that could define the landscape of sports betting in the Pine Tree State. Legal Landscape...
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The Juice Is Loose: Bet-Tracking App Finds Favor Among Analysts
While most sports betting operators seem to be settling into defined market-share tiers six years after the repeal of PASPA made such gambling a nationwide possibility, the industry is still relatively nascent. And when it comes to the critical sub-genre of responsible gambling, Jordan Bender, a senior equity research analyst at Citizens JMP, feels the...