Compliance Updates
FANDOM SPORTS Retains Segev LLP as Lead Counsel for Global iGaming Licensing
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FANDOM SPORTS Media has retained Segev LLP as lead counsel for all endeavours pertaining to global iGaming licensing. The Company will be undertaking a strategic review to prioritise jurisdictions that will enable the firm to expand its regulatory footprint efficiently and at scale.
Segev LLP employs a strong iGaming team with corporate, commercial, IP commercialisation, M&A, private equity finance, public markets finance, privacy and data, and regulatory and compliance experience.
In advance of the iGaming initiative, the Company has also secured a domain and brand identity surrounding the betting platform. www.gamersatodds.com unifies the business plan and opportunity that the Company will be executing upon.
“We are pleased to take definitive steps towards accelerating our dual initiatives of the all ages Esports engagement platform and the pure play regulated Esports betting platform. Regulated Esports betting is now a mainstream business opportunity and there is an implied quantifiable value for these types of businesses. We look forward to accelerating our licensing initiatives and building a true global Esports betting brand that is fully regulatory and compliant,” David Vinokurov, CEO and President of Fandom Sports, said.
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Compliance Updates
Missouri Sports Betting Launch Delayed Until Fall 2025
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Missouriâs plan to launch legal sports betting this summer has been delayed after Secretary of State Denny Hoskins rejected an emergency rulemaking request filed by the Missouri Gaming Commission (MGC). The decision, announced on February 21, means that regulators must follow the standard rulemaking process, effectively pushing the anticipated June launch to late summer or fall 2025.
Hoskins stated that the proposed emergency rules, which were submitted to Governor Mike Kehoe on January 27, did not meet the legal requirements for emergency approval.
Under Missouri law, emergency rulemaking can only be granted if there is âimmediate danger to public health, safety, or welfareâ or if the rule is necessary to âpreserve a compelling governmental interest that requires an early effective date.â Hoskins determined that sports betting regulations did not meet these conditions, meaning they must proceed through the standard rulemaking process, which includes a public input period.
The MGC had initially targeted June 2025 as the marketâs launch date, despite the stateâs legal deadline requiring that wagering begin no later than December 1, 2025. Following Hoskinsâ rejection, the MGC confirmed that its proposed licensing rules, which were filed alongside the emergency request, will become effective on August 30, 2025.
The post Missouri Sports Betting Launch Delayed Until Fall 2025 appeared first on Gaming and Gambling Industry in the Americas.
Australia
VGCCC Concludes Underage Gambling Investigation
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âNothing can make up for the harm a Melbourne family experienced as a result of the failure by multiple operators to prevent a young teen from gambling between May 2022 and October 2023,â Victorian Gambling and Casino Control Commission (VGCCC) CEO Annette Kimmitt AM said.
Her comment followed the conclusion of VGCCCâs most comprehensive action to date for underage gambling â more than 2000 hours of investigations, 14 prosecutions against 10 entities, 98 charges and fines totalling half-a-million dollars.
The VGCCC investigation was prompted by concerns reported by the mother of the then 17-year-old, whose neurodiversity, in addition to his age, put him at high risk of gambling harm.
Ms Kimmitt said: âI can only imagine how difficult it was for the mother to come to us and I commend her for doing so. I hope the outcomes and conclusion of these proceedings bring her some comfort, following the significant trauma she and her family have gone through.
âWhen industry is not diligent about complying with its legal and social obligations, the consequences for everyday Victorians can be serious and long lasting, which is why the VGCCC is determined to hold operators to account.â
The final case was heard before the Magistratesâ Court of Victoria on Thursday 13 February. Correct Bet Pty Ltd, the operator of the Coburg TAB outlet, pleaded guilty to two charges and was fined $3000 without conviction and ordered to pay VGCCC costs of $5500.
Magistrate Hodgson considered that Correct Bet had no prior convictions in 14 years of operation across multiple venues and had implemented additional measures, including staff training, mobile phone policy changes, and regular CCTV monitoring.
Separately, on Friday 7 February, Supreme Edinburgh Pty Ltd, trading as the Duke of Edinburgh in Brunswick, pleaded guilty in the Magistratesâ Court to three counts of breaching the Gambling Regulation Act 2003. The operator was fined $2500 and ordered to pay VGCCC costs of $4950.
Ms Kimmitt said: âIt is a venueâs responsibility to ensure minors do not access a designated gambling area, let alone gamble, no matter how determined or convincing a child might be.
âWe welcome the outcome of these court hearings, which bring to a close all prosecutions involving this family. Unfortunately, the familyâs recovery from this experience is likely to take a lot longer and leave a painful scar.â
The post VGCCC Concludes Underage Gambling Investigation appeared first on European Gaming Industry News.
Compliance Updates
Swedish Government Appointed Marcus Isgren as Investigator of Swedish Gambling Act Review
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The Swedish Government has appointed Marcus Isgren, chairman and head of the Swedish Board of Consumer Complaints (ARN), as Investigator of Swedish Gambling Act Review.
The Gambling Act of 2018 established the framework for the regulation of competitive online gambling in Sweden from January 2019. However, studies have suggested that player protection measures have been insufficient, while the wording has also allowed some unlicensed gaming operators to go unchallenged. Isgren must deliver a report by September 17.
Swedenâs licensed gambling operators will hope to have Isgrenâs ear as he begins the review. The online gambling industry association Branschföreningen för Onlinespel (BOS) has called for the government to close what it describes as loopholes in the 2018 Gambling Act that prevent action against unlicensed operators that donât use the Swedish language or currency.
This month, a Swedish court quashed an injunction issued by the national gambling regulator Spelinspektionen against the payment provider Zimpler due to a lack of âconcretenessâ in the definition of illegal gambling offerings. It noted that the wording of the Gambling Act states that operators are only deemed to be targeting Swedish players if they use the Swedish language or list the Swedish Krona.
Launching the review, Minister for Financial Markets, Niklas Wykman, said that clamping down on the black market would be a priority for the review.
âWe will do this by amending the Gambling Act so that it becomes more appropriate. This is one of the single most important measures for a safer and healthier gambling market,â he said.
The post Swedish Government Appointed Marcus Isgren as Investigator of Swedish Gambling Act Review appeared first on European Gaming Industry News.
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