Cryptocurrency
Trading Blows: Cloudbet’s expert take on the rebounding NBA season
As the NBA goes back to work – and hopes for no more Bubble trouble – the trading team at Cloudbet, the leading crypto sportsbook and casino, breaks down the latest market movers, telling you who’s hot and who’s not in the Disney World Laboratory.
- League leaders reassert their claims over the championship: While they both dropped a game apiece during the scrimmages, the Milwaukee Bucks and Los Angeles Lakers showed enough to firm up their respective chances to take the Larry O’Brien Championship Trophy home.
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- The long layoff has benefited teams with older or injured star players: For the Lakers, the hiatus allowed Lebron James to give his 35-year-old body a solid rest. The last time he did so, for the All-Star break in February, James then went on a tear to lead his team on a 7-2 run. He certainly bounced back in style during Thursday’s thrilling nightcap win.
- For the Bucks, Giannis Antetokounmpo – a clear favourite this season to win his second-straight Most Valuable Player award – was able to rest a sprained knee sustained in a March game against the Lakers.
- Both teams come to the restart refreshed and recharged. The Lakers are favourites to win the 2019-2020 title, with their line moving to 3.31 (~ 9/4; or +231;), from 3.34 (+234) prior to the scrimmage. Strong showings from their second and third-string players, especially in the third scrimmage game with James and Anthony Davis on the bench.
- The Bucks are just behind, at 3.45 (~ 5/2; or +245), from 3.53 (+253). Antetokounmpo clearly shone during the practice matches, with more-than-ample support from fellow starters Khris Middleton and Brook Lopez.
- Los Angeles Clippers lose ground in title race: While still third-favourite to win the championship, the Clips have been big drifters in the market since the scrimmages began.
- Among the top units, this team has been most impacted by the Covid bubble restrictions, with two key players (Lou Williams and Patrick Beverley) in quarantine after temporary family-related absences.
- Williams, the Clips’ leader in assists, was pilloried in social media for a much-publicised and ill-advised visit to an Atlanta strip club while on leave.
- Another player, Montrezl Harrel, has yet to return from family leave.
- This means a much diminished squad takes on the Lakers in their restart opener on July 30, and they’re unlikely to be back at full strength until at least the second week of the rebooted competition – that’s tough, given that there are only eight seeding match-ups to play.
- With these travails in mind, bets on the Clips to win it all are currently paying 4.15 (~ 3/1; or +315). Their probability of a championship now stands at 24.1%, roughly a percentage point lower than before the practice scrimmages began.
- Houston Rockets cement their status among the top four title favourites: Even though they ended the pre-Covid season with the league’s 10th-best win-loss record, the Rockets have worked their way in as fourth-favourites to win the title.
. One train of thought has it that they more than others will benefit from the long break: four of their key players, including stars James Harden and Russell Westbrook are 30 or older, and the shorter season will shelter them from the extended wear-and-tear of a normal season.
- Harden worked out like a fiend during the layoff, coming to Disneyworld with a noticeably slimmer physique. Already the league’s top scorer this season, he unsurprisingly led his team’s point production over the three scrimmage matches.
- Westbrook was a question mark after testing positive for Covid in mid-July, but emerged from the NBA’s quarantine protocol in time to play solid minutes in all of his team’s three scrimmages.
- Houston’s odds of a championship this season firmed over the past week to 15.1 (~ 14/1; or +1415) from 15.6 (+1460).
- One setback emerged this week, with starter Eric Gordon injuring his ankle during H-Town’s victory over Boston. No clear movement in prices yet, as the market awaits test results to determine his immediate playing future.
- Toronto Raptors gain ground in title race: The defending champions’ performance this season prior to the league’s suspension (72% win rate) shows that they’re still a force to be reckoned with even after losing star player Kawhi Leonard to the Clippers.
. The Raps won two out of their three scrimmages, which also saw the return of center Marc Gasol, who spent the hiatus rehabbing his dodgy hamstrings and dropping a significant amount of weight.
- Clipper odds for a repeat championship have narrowed from 18 to 16.9 (~ 17/1; or +1591).
- They’ve now displaced the Boston Celtics at fifth in the outright lists to take the title.
- New Orleans firms up its chances for a playoff spot in the West: The Pelicans won its three practice match-ups, including a 21-point drubbing of the Bucks on July 27, all without its star rookie Zion Williamson, who had been in quarantine following a family-related absence from the bubble.
. The big news this week was Williamson resuming practice, an appearance warmly welcomed by teammates: He’s the Pellies’ second-highest scorer and has missed 44 games this season due to knee and ankle injuries.
- His return plus a solid scrimmage showing has improved the prospects for their performance in the West (see below).
- Also increases the interest over the tussle for the final play-off spot in that conference. The Memphis Grizzlies are current favourites to take that spot, paying 1.64 (~ 4/6; or -156), with New Orleans next at 3.81 (~ 11/4; or +281).
- Western Conference outcomes have been reframed, thanks to the above reasons: The Clippers’ personnel issues means they’ve lost the slim edge they previously had over the Lakers as favourites to take the West.
- Team Lebron is now tops with odds of 2.58 (~ 6/4; or +158) over the Clips at 2.66 (~ 13/8; or +166).
- The biggest improvement in fortunes belongs to the Rockets, with a line of 7.28 (~ 6/1; or +628) currently giving them a 13.7% chance of winning the conference, or 2.1 percentage points higher than before scrimmages began.
- The other big move was New Orleans: While they’re still unfancied as conference champs, their line moved from 54.6 into 31.1 (~ 30/1; or +3013).
NBA quarantine protocol:
New NBA protocol implies that players could be tested as often as daily during this resumption. If a player has a confirmed positive test, he must undergo treatment and rest for at least 14 days without exercising. In order to return, the player must pass cardiac exams and also test negative for the coronavirus twice in a 24-hour period.
On July 21, the NBA reported zero cases of the coronavirus following the testing of 346 players, and the league has gone three weeks without a positive result.
Prices are as compiled by Cloudbet and are current as of 4pm HK time on July 30
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Compliance Updates
Romania Bans Polymarket Over Illegal Cryptocurrency Betting Activities
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Romania’s National Office for Gambling (ONJN) has officially blacklisted Polymarket, a prominent prediction market that allows users to bet on future events, citing its operation as an unlicensed gambling platform. The decision comes amid heightened concerns over crypto-based betting during recent election cycles, where Polymarket reportedly saw trading volumes surpassing $600 million.
ONJN asserts that Polymarket’s “counterpart betting” model – where users wager against each other on future outcomes – falls squarely within the scope of Romanian gambling regulations. The regulator clarified that regardless of whether bets are placed using fiat currency or cryptocurrencies, they are legal gambling activities that require appropriate licensing. ONJN President Vlad-Cristian Soare emphasised that the issue is about compliance with the law, not technology, stating, “It’s about the law, not the platform’s blockchain foundation.”
Although Polymarket promotes itself as an “event trading” platform, ONJN concluded that its operational structure – where users place bets on the outcomes of unpredictable events and the platform earns commissions – meets the legal criteria of gambling. Consequently, Romanian internet providers are now mandated to block access to the platform.
The post Romania Bans Polymarket Over Illegal Cryptocurrency Betting Activities appeared first on European Gaming Industry News.
AUSTRAC
AUSTRAC Cracks Down on Cryptolink for Late Reporting
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AUSTRAC has issued Cryptolink an infringement notice of $56,340 and accepted a court-enforceable undertaking that addresses the company’s AML/CTF deficiencies.
The action follows AUSTRAC’s Crypto Taskforce identifying late reporting of large cash transactions and weaknesses in the company’s money laundering and terrorism financing risk assessments.
AUSTRAC CEO Brendan Thomas said the package of infringement notices and the enforceable undertaking is designed to ensure useable intelligence does not slip through the cracks.
“The infringement notice addresses previous non-compliance around reporting and the enforceable undertaking seeks assurance that Cryptolink has improved its risk assessments and strengthened its AML/CTF controls,” Mr Thomas said.
“Crypto ATMs are one of the highest risk money laundering channels in Australia at the moment. They are being exploited by criminals to launder money and move scam proceeds. This is not conjecture. It’s what our Crypto Taskforce observed and has been backed up by the work of our law enforcement partners.”
As part of the enforceable undertaking, Cryptolink must engage third party reviewers to:
• validate whether the business has reported all required threshold transactions to AUSTRAC
• assess whether the business has implemented effective controls for large cash transactions
• review Cryptolink’s money laundering and terrorism financing risk assessment to ensure it is fit-for-purpose.
Cryptolink has fully cooperated with AUSTRAC and paid the infringement notice in full. Payment of an AUSTRAC infringement notice is not an admission of liability.
The enforcement action comes after intensive engagement with crypto ATM operators since late 2024.
Working in partnership with law enforcement, AUSTRAC’s Crypto Taskforce estimated that 85% of transactions made by the 90 most prolific crypto ATM users were the proceeds of scams and money mule activity.
“Scams are one of the biggest drivers of suspicious activity and criminals have been using crypto ATMs to move and cash out stolen funds,” said Mr Thomas.
A recently released Australian Institute of Criminology report found more than 40% of cybercrime victims are revictimised, often within months.
“With this in mind we want people to be cautious of making transactions to any wallet they don’t control and thinking twice in circumstances where someone asks you to deposit money into a crypto ATM.”
The second stage of the Crypto Taskforce is focussed on high-risk operations.
“Criminals don’t care how they hurt people, they care about making money,” said Mr Thomas.
“We want to work with the digital currency exchanges to harden the sector against exploitation but if operators don’t take this seriously, we will take action.”
The post AUSTRAC Cracks Down on Cryptolink for Late Reporting appeared first on European Gaming Industry News.
CasinoWebScripts
CasinoWebScripts Launches Revamped Crypto Casino Platform with Advanced Features
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CasinoWebScripts, a leading provider of casino software and game content, has released its newly upgraded cryptocasino platform. The launch strengthens the company’s position as a top solution for operators who want full control, flexibility and innovation in the blockchain gambling space.
With over 15 years of experience in iGaming development, CasinoWebScripts has redesigned and expanded its digital-currency casino solution to deliver a cleaner interface, faster performance and a broader range of tools that give operators a genuine competitive edge.
New Lobby UI and Improved User Experience
At the core of the update is a reworked lobby interface. The new design is clean, responsive and modular, so operators can display games, promotions and categories in a way that matches their brand identity. The platform optimises game grouping, filter logic and launch speeds across desktop and mobile devices to provide smoother navigation and faster content access.
Key Advantages of the Platform
CasinoWebScripts’ cryptocasino platform introduces a powerful feature set that few other providers combine in a single package:
• Provably Fair Replay for In-House Games — every spin or game round can be verified through transparent, cryptographical algorithms
• Compatibility with Any Cryptocurrency — operators can integrate any coin supported by their wallet infrastructure, without being limited to specific tokens.
• Comprehensive In-House Tools — the platform includes a complete suite of management and marketing features such as a bonus system, reward-code system, daily login wheel, affiliate module and more, all built to the highest standards.
• Flexible, Fair Pricing — pricing models scale with the operator’s growth, ensuring fairness and transparency from launch to expansion.
• Source Code Licensing & Exclusive Rights — operators can purchase full source-code access for complete customization and branding control. Exclusive licensing is available for those who want proprietary game content.
Oscar Stevens, Business Development Manager at CasinoWebScripts, said: “This launch focuses on what operators actually need — transparency, control, and independence. With provably fair replays, full crypto compatibility, and source-code options, our platform gives clients the freedom to own and shape their casino business entirely.”
The post CasinoWebScripts Launches Revamped Crypto Casino Platform with Advanced Features appeared first on European Gaming Industry News.
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