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Compliance Updates

Ukraine’s Rada Fast-Tracks Gambling Readings

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Mirroring European counterparts, The Ukrainian parliament (Rada) has had to make drastic changes to combat the impacts of COVID-19, impacting its legislative tools and timetables.

Rada’s position is further weakened in the face of a backlog of legislative readings as President Volodymyr Zelensky ordered a sweeping senior cabinet reshuffle in March, having fallen out with powerful First Minister Oleksiy Honcharuk.

Nevertheless, the SoP Party of Zelensky retained its 2020 timetable to finalise provisions attached to Bill-2285D and restore supervised gambling to Ukraine by the end of the year.

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At the end of January, the last reading of Bill-2285D “Gambling Act” was conducted, as MPs reviewed much-criticised tax draft amid unsatisfactory counter amendments.

Silence was cast on the progress of the bill until this week, when Danylo Hetmantsev, Head of the Finance Committee of Rada, said in an interview that a Parliamentary Committee should fast-track the readings of gambling legislation.

Hetmantsev emphasised that the actions of the committee did not support Bill-2285D being approved in law. Instead, the minister stressed that the Bill had been swamped by more than 3500 amendments submitted to its draft legislation to establish the federal gambling system for Ukraine.

Hetmantsev, President Zelensky’s chief economic advisor, expressed optimism that SoP would finalise Gambling Law legislation by the end of the year, holding a crucial pledge to revitalise Ukraine’s economy and industry.

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Balkans

Bulgarian National Revenue Agency, the State Agency for National Security and the Gambling Operators Join Forces Against Money Laundering and Terrorist Financing

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The Bulgarian National Revenue Agency, the Specialised Administrative Directorate “Financial Intelligence” of the State Agency for National Security and branch organisations of the organisers of gambling operators will join efforts against money laundering and the financing of terrorism. This became clear during a working meeting, which took place on March 20 at the invitation of the Director General of the National Revenue Agency Rumen Spetsov, and his deputy Georgy Dimov.

The participants discussed the possibilities for the branch organisations of gambling operators to monitor the implementation of measures against money laundering and the financing of terrorism by their members. The talks also discussed changes in normative and sub-normative acts regulating the activity in the sector, which would lead to better accountability and guaranteed protection of the public interest.

During the meeting, it was decided that representatives of the National Revenue Agency would discuss with the branch gambling organisations issues related to the implementation of normative and sub-normative acts, providing guidelines for the correct fulfilment of obligations by gambling operators.

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“The National Revenue Agency is partner-oriented and is available to assist businesses in fulfilling their obligations by the current legislation. We highly value the commitment of industry gambling organizations in the prevention and effective fight against money laundering and terrorist financing,” said Rumen Spetsov – Director General of the National Revenue Agency.

The post Bulgarian National Revenue Agency, the State Agency for National Security and the Gambling Operators Join Forces Against Money Laundering and Terrorist Financing appeared first on European Gaming Industry News.

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Compliance Updates

Wisconsin Division of Gaming Awards Genius Sports Sports Betting Contractor License

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Genius Sports Limited, the official data, technology and commercial partner that powers the ecosystem connecting sports, betting and media, announced that it has been certified by the State of Wisconsin Division of Gaming as a gaming-related contractor with immediate effect.

With the addition of Wisconsin, Genius Sports now holds 50 licenses or equivalent, or is otherwise permitted to operate, in North America across the U.S. states, territories, tribes and Canada powering award-winning official data, streaming, and marketing solutions for leading sportsbooks and lotteries.

“We are honored that the State of Wisconsin Division of Gaming has authorized Genius Sports to provide state-licensed sportsbooks with access to our groundbreaking NFL products and media solutions. As the majority of U.S. states legalize sports betting, Genius Sports welcomes the opportunity to work with states like Wisconsin, on providing sports fans with our exclusive official NFL sports data-powered solutions for betting,” Mark Locke, CEO of Genius Sports, said.

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Brazil

GLI® First Lab to Achieve Accreditation by the Secretaria De Prêmios e Apostas to Certify Betting Systems, Live Game Studios, and Online Games to be used by Fixed-odds Lottery Operators for Brazil

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Gaming Laboratories International (GLI®) has become the first laboratory to achieve accreditation to certify for betting systems, live game studios, and online games to be used by fixed-odds lottery operators by the Secretaria De Prêmios e Apostas (SPA) in Brazil.

The accreditation means GLI is authorized to test and certify equipment, programs, instruments, and devices that comprise betting systems, live game studios, and online games to be used by fixed-odds lottery operators for the recently enacted national regulatory regime of Brazil.

“We commend the outstanding work that SPA has done in creating a regulatory framework by adapting global best practices to their jurisdiction need and thank them for the transparency and professionalism of this laboratory accreditation process,” said Karen Sierra-Hughes, GLI Vice President for Latin America, Caribbean, and Spain. “We are grateful for the trust put in our work by Brazilian operators and suppliers in the past years in their self-regulatory efforts to voluntarily adhere to compliance processes, which puts them in the position to transition effortlessly to the rise of regulations that are in development today. We have witnessed the efforts that the government and the industry had made throughout all these years to regulate different forms of gaming and lottery, and we feel fortunate to have been part of it while sharing our global expertise and putting the local focus needed in providing support customized to the Brazil culture and particularities of this unique market. We are looking forward to being part of this very exciting time in Brazil and now finally also as an official accredited laboratory for this great country.”

GLI has been working with regulators, lotteries, and industry stakeholders across the Latin American and Caribbean region for more than 26 years in their efforts towards regulation, sustainable growth, and eradicating illegal gaming. In Brazil, GLI has been side by side with government entities and all industry stakeholders for nearly 20 years, participating in public hearings in the Senate, Chamber of Deputies, and State government level, and in recent years, adding strategic local representation to strengthen their local support.

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This milestone is the latest for GLI in Latin America. Last month, GLI became the first lab to achieve accreditation to test online gaming, wagering, and retail sports betting in Peru. Last year in Brazil, GLI was the first lab authorized to test and certify for the Lottery of Parana LOTTOPAR, and GLI will become accredited in all states where laboratory accreditation will be required in Brazil.

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