Compliance Updates
PIN-UP Global Intends to License the Platform for the Peruvian iGaming Market
As required by Peruvian law, international iGaming holding company PIN-UP Global intends to license its software and find a partner company.
In the context of changes in the regulation of the iGaming market in Peru, PIN-UP Global initiated the process of licensing its products and searching for licensed partners, notifying the government authorities. For the period it will take to enter the Peruvian market under the new legislation with a future partner, the holding company officially prohibits the use of PIN-UP products and brand in the region.
For the holding company, this is a consistent continuation of its journey into the B2B market, which opens up new opportunities for partnerships and will allow to provide a better user experience with PIN-UP platforms. The main objective of the holding company is to conduct efficient and transparent operations in all markets, relying on the legislation of each jurisdiction.
Recall that earlier PIN-UP Global updated the list of countries in which the use of the brand and its products is prohibited. PIN-UP as the leader of the iGaming market makes such strategic decisions taking care of its reputation and complying with the principles of responsible gaming.
Compliance Updates
Vixio Supports NCPG in Groundbreaking Responsible Gambling Review of US Sports Betting Regulations
A first-of-its-kind comparative analysis state-by-state, the report evaluates states’ regulations against NCPG standards
Vixio, a leading provider of regulatory intelligence solutions and research services, is proud to support the National Council on Problem Gambling (NCPG) by producing a groundbreaking research report that cross-references states’ online sports betting regulations against NCPG’s Internet Responsible Gambling Standards (IRGS).
The new report involved a thorough analysis of the applicable laws, regulations and standards of every U.S. state with legal mobile sports betting in order to assess how closely their formal regulatory requirements align with the independent best practices recommended by the IRGS.
Keith Whyte, NCPG Executive Director, explains, “Partnering with Vixio Regulatory Intelligence on this landmark evaluation allowed for NCPG to highlight both the progress made and the critical gaps that remain in the alignment of state sports betting regulations with NCPG’s player protection standards. The report offers a comprehensive framework for states seeking to improve consumer safeguards and promote responsible gambling.”
Vixio Chief Analyst James Kilsby joined NCPG experts for a webinar to digest the report on September 24. Kislby will also be moderating a panel at G2E Vegas on U.S. sports betting’s ever-changing regulatory landscape.
“At Vixio Regulatory Intelligence, we are committed to providing independent, data-driven insights and research that help regulators and policymakers make informed decisions,” Kilsby said. “We’re proud to partner with the National Council on Problem Gambling to drive positive regulatory changes and ensure player protection remains a top priority in this evolving industry.”
The report analysed jurisdictions that offered legal mobile sports wagering as of June 2024, comprising 30 different states and the District of Columbia.
SoftGamings, the market leader in iGaming solutions and services, announced the arrival of the Tobique Gaming License on the market. The move reflects the company’s commitment to enhancing regulatory compliance and expanding its footprint in the competitive iGaming industry.
Tobique Gaming, managed by the Tobique First Nation in western New Brunswick, Canada, oversees the issuance of online gambling licenses through the Tobique Gaming Commission (TGC) — a regulatory body established under the Tobique Gaming Act of 2023. This initiative is known for its stringent standards and emphasis on responsible gaming. Furthermore, it promotes economic development within the Tobique First Nation community.
The Tobique Gaming license provides operators an entry point into the online gaming and gambling industries. With it, businesses and iGaming operators can conduct operations in various global regions and offer multiple services, from betting to casino games and lottery promotions. The best of all is the streamlined application process, which lasts only 4 to 6 weeks.
SoftGamings is fully prepared to support clients and those interested in obtaining this license. Leveraging its innovative technology and diverse game portfolio, SoftGamings is ready to support clients in navigating the application process and leveraging the benefits of the Tobique Gaming License. The company’s comprehensive services include game development, casino management systems, and payment integrations, making SoftGamings a preferred partner for numerous operators and developers worldwide.
Consequently, helping the clients obtain the Tobique Gaming license and being an entry point represents a significant milestone in SoftGamings’ ongoing efforts to refine its service offerings, maintain the highest standards of gaming integrity, and bolster its regulatory standing. As the company moves forward with this licensing process, it anticipates a positive impact on its operations and continued success in delivering exceptional gaming solutions to its global clientele.
Compliance Updates
BAGO Welcomes Positive Developments in Young People’s Gambling Behaviour, But Calls for Stricter Controls
BAGO, the Belgian federation of private gambling operators, is pleased with the latest figures from the Flemish Expertise Centre for Alcohol and other Drugs on the gambling behaviour of young people. In 2023, 12.4% of young people reported having bet on sports at some point, which is a slight decrease compared to the previous year (12.5%). For casino games, we can see a similar slight decrease to 5.3% in 2023 who had ever played (5.5% in 2022).
These figures show a clear stabilisation and even a decrease in the number of young people under 18 who participate in gambling for some games, despite the fact that the survey took place before the introduction of stricter rules on advertising and the increase in the minimum age. BAGO has always advocated an increase in the minimum age to 21 and strongly supports measures to better protect young people.
Despite the ban on gambling for under-18s that has been in place for years – which has been extended to 21 since 1 September – the participation of young people in certain games of chance is still too high. Because recognised providers apply strict age checks and have invested heavily in player protection in recent years, minors mainly gamble on illegal websites or via physical products from the National Lottery. Recent figures, published in L’Echo , show that 60% of the Belgian gambling market consists of unlicensed providers. BAGO therefore advocates stricter controls to ensure that young people under the legal minimum age do not have access to games of chance.
BAGO emphasises that the Gaming Commission must be sufficiently effective to tackle the illegal gambling circuit effectively. In this circuit, minors can still gamble, without any form of protection and there is no age limit. In addition, BAGO finds it illogical that the increase in the minimum age to 21 years does not apply to all National Lottery products and therefore calls for equal protection for young people. In addition to control and equal treatment, prevention is an essential part of keeping young people away from gambling.
The post BAGO Welcomes Positive Developments in Young People’s Gambling Behaviour, But Calls for Stricter Controls appeared first on European Gaming Industry News.
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