Latest News
MGA Publishes its 2024 Annual Report and Financial Statements
The Malta Gaming Authority (MGA) has published its Annual Report and audited Financial Statements for the financial year ending 31 December 2024. The report offers an in-depth overview of the performance of Malta’s land-based and online gaming sectors during 2024, while also highlighting the Authority’s key activities and regulatory developments over the past year. It also offers a medium-term outlook for the broader gaming industry, reflecting emerging trends, regulatory shifts and the evolving market landscape.
Key Highlights from 2024
Supervisory Activity & Enforcement
In 2024, the MGA received 28 applications for new gaming licences and issued 17 licences. In addition, the Authority received a further 12 gaming licence renewal applications from operators to renew their gaming licence that was bound to expire in 2024 and issued eight licence renewals.
Low-risk games require a permit, which is valid only for a singular event and expires when the event is concluded. To this end, the MGA issued 1812 permits for non-profit tombola, 19 permits for non-profit lottery and 84 certificates for commercial communication games.
As part of the Authority’s process to assess applications, the MGA carried out just under 1200 criminal probity screening checks on authorised persons, persons holding qualifying interest, directors, key persons and any third parties providing funding or exercising control over an authorised person in both the land-based and online gaming sectors. The Fit and Proper Committee made 64 decisions, 16 of which determined that the criteria to be considered as fit and proper were not met.
The Supervisory Council reviewed 30 gaming licence applications, including new and renewal requests. Out of these, two applications were rejected on the grounds that information or submissions provided were false, misleading, inaccurate, or materially incomplete following the completion of the “Minded Letter” process. One application remained in the “Minded to Refuse” stage.
In 2024, the MGA concluded 13 compliance audits and 116 desktop reviews.
The Authority was notified by the licensees of 123 Technical Information Security Incidents, which the MGA investigated to ensure that no licensed activity was adversely affected.
The Commercial Communications Committee took seven decisions regarding possible breaches of the Gaming Commercial Communications Regulations.
In 2024, the Authority also issued 35 warnings, 25 administrative penalties amounting to €306,250 and reached three regulatory settlements amounting to €61,522. The MGA also suspended two licences and cancelled eight.
AML/CFT Oversight
43 AML/CFT compliance examinations were initiated by the FIAU or by the MGA on its behalf.
60 examinations were concluded, and 11 closure letters were issued to licensees who either addressed the identified issues or where the findings from the compliance examinations were not deemed to be serious and/or systematic.
The FIAU imposed remediation measures and/or administrative penalties on six licensees. The total administrative penalties issued amounted to just under €185,000.
The Authority conducted 37 interviews on prospective MLROs to ensure that candidates meet the required standards of knowledge and awareness of the Maltese AML/CFT legal framework.
Player Protection and Inspections
As part of its efforts to safeguard players and promote responsible gambling, the MGA resolved 3372 requests for assistance (including spill-over from 2023).
To continue safeguarding player funds, the Authority received 1897 player funds reports and carried out 27 data extractions during the reporting period.
The Authority conducted 40 responsible gambling-themed website checks and issued 27 observation letters outlining the issues and areas for improvement.
The MGA investigated 83 cases involving websites that published misleading information and issued 29 public notices on its website.
During the reporting period, the MGA carried out just over 9000 inspections on Gaming Premises (including casinos and commercial bingo halls), Controlled Gaming Premises, National Lottery Outlets including National Lottery Outlets – Controlled Gaming Premises and Non-Profit Tombola.
National and International Cooperation
In 2024, the MGA received 244 suspicious betting reports from licensees and shared 247 alerts on suspicious betting. The Authority participated in 30 investigations across different jurisdictions.
The MGA collaborated with enforcement agencies, sports governing bodies, integrity units and regulatory authorities on 31 requests for information and participated in 39 data exchanges.
The MGA received 85 requests for international collaboration from other regulators. Most of the requests received were generic requests for cooperation or requests for background checks as part of authorisations processes.
The Authority issued 59 official replies to provide feedback on the regulatory standing of its licensed operators to the relevant authorities requesting the information.
The MGA collaborated with local regulating authorities and governing bodies on 161 requests for information.
“Resilience is not just about endurance – it’s about adapting with purpose and staying focused on what matters,” CEO Charles Mizzi said.
“Over the past year, we improved how we work, strengthened our internal processes, and continued investing in the people and systems that support effective regulation. As the sector continues to evolve, the MGA remains committed to anticipating challenges, adapting with purpose, and upholding the standards that define Malta’s reputation as a trusted jurisdiction.”
The post MGA Publishes its 2024 Annual Report and Financial Statements appeared first on European Gaming Industry News.
TRUEiGTECH has announced the launch of an enterprise-grade prediction market platform, designed to help operators, platform owners, and institutions build outcome-based or event-driven trading markets at scale.
As traditional sports betting, media monetization, and trading platforms face growing competition and regulatory complexity, prediction markets are emerging as a fast-growing adjacent category. By converting collective expectations into tradable probability signals, operators can offer differentiated products without the need for entirely new user acquisition channels.
TRUEiGTECH-built prediction markets are already deployed by operators across the USA and Europe, with additional rollouts underway. Once a niche, prediction markets are now becoming primary offerings for iGaming operators. Analysts forecast that leading platforms could handle $1 trillion in annual trading volume by 2030, up from roughly $10 billion today, with revenues potentially exceeding $10 billion.
Why Operators Are Turning to Prediction Markets
Prediction markets offer several advantages:
-
“Bet-on-anything” model – create markets across business, finance, entertainment, politics, and emerging trends.
-
Faster market entry – ideal for existing iGaming operators with infrastructure in place.
-
Early-mover advantage – tap into a category still developing globally.
-
Global momentum – strong uptake in the U.S. and other regulated markets where event-driven participation is growing.
Flexible Deployment Models
TRUEiGTECH co-founder Prish Kumar explained:
“We provide turnkey and bespoke prediction market platform development solutions. Plus, we also offer prediction market clone development and prediction market API integration solutions.”
Operators can use TRUEiGTECH platforms to launch new prediction markets or extend existing offerings, with flexibility and scalability at the core. The platform is designed to be regulation-ready for markets in the USA, Europe, and other regulated jurisdictions.
TRUEiGTECH: Enterprise iGaming Solutions
TRUEiGTECH specializes in enterprise-grade betting and trading infrastructure, offering:
-
Casino Platforms – AI-driven online casino software , multi-game aggregation, player account management, and compliance-ready architecture.
-
Sweepstakes Platforms – legally structured software for markets with restricted real-money gaming.
-
Sportsbook Software – advanced odds management, risk control tools, and real-time in-play betting.
-
Casino Games – responsive slots and custom content optimized for performance and integration.
-
Lottery Platforms – supporting draw-based, instant win, and hybrid formats with regulatory reporting.
All solutions are built for regulated markets across the USA, Europe, LATAM, and the UK.
Contact
Head of Marketing
Prish K
TRUEiGTECH
The post TRUEiGTECH Unveils Enterprise-Grade Prediction Market Platform for Operators appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.
TRUEiGTECH has announced the development of an enterprise-grade prediction market platform designed to help operators, platform owners, and institutions launch outcome-based or event-driven trading markets at scale.
As traditional sports betting, media monetization, and trading platforms face increasing competition and regulatory complexity, prediction markets are emerging as an adjacent category with significant growth potential. By converting collective expectations into tradable probability signals, these markets provide operators with a differentiated product without requiring entirely new user acquisition channels.
TRUEiGTECH built prediction markets are already used by operators across the USA and Europe with additional deployments underway. Prediction markets have transitioned from experimental niche platforms to primary offerings by iGaming operators.
Analysts forecast leading prediction platforms will handle roughly $1 trillion in annual trading volume by 2030, up from about $10 billion today. Revenue, meanwhile, could rise to $10 billion+ by 2030.
TRUEiGTECH’s decision to build prediction market software and platforms at this juncture will certainly prove useful for business owners and operators looking to enter the industry with the right product.
Operators are increasingly drawn to this segment because it offers:
- A “bet-on-anything” model, enabling markets across business, finance, entertainment, politics, and emerging trends.
- Faster entry compared to traditional sportsbooks, especially for existing iGaming operators with established infrastructure.
- Early-mover advantage in a category that is still taking shape globally.
- Strong momentum in the U.S. market & across the globe, where demand for event-driven participation continues to accelerate.
TRUEiGTECH Offers Prediction Market Platforms in Multiple Ways
TRUEiGTECH’s co-founder, Prish Kumar, shares the multiple models and solutions available as a part of the company’s prediction market offerings.
“We provide turnkey and bespoke prediction market platform development solutions. Plus, we also offer prediction market clone development and prediction market API integration solutions.”
With TRUEiGTECH, operators can launch prediction markets or extend existing business offerings. By focusing on flexibility and scalability, TRUEiGTECH aims to position prediction markets as an accessible expansion path rather than a complex standalone venture.
With this launch, TRUEiGTECH enters the prediction market space as an infrastructure provider focused on enabling operators to build and launch regulation-ready prediction platforms in the USA, Europe and other regulated markets.
About TRUEiGTECH
TRUEiGTECH is a software development company which specializes in enterprise-grade betting and trading infrastructure development. The company builds turnkey and custom platforms for;
- Casino Platform: AI-empowered online casino software featuring multi-game aggregation, player account management (PAM), secure payment systems, and compliance-ready architecture for regulated markets.
- Sweepstakes Platform: Legally structured online sweepstakes software designed for markets where traditional real-money gaming is restricted, enabling operators to monetize engagement while maintaining regulatory alignment.
- Sportsbook Software: Comprehensive sportsbook software solutions featuring advanced odds management, robust risk control tools, real-time in-play betting capabilities, and scalable architecture designed for seamless multi-jurisdiction operations.
- Casino Games: Responsive casino and slot games, with custom gaming content developed through expert casino game development processes, optimized for performance, player retention, and seamless integration into existing gaming platforms.
- Lottery Platforms: Advanced lottery software solutions supporting draw-based, instant win, and hybrid formats, with capabilities for retail POS integration, ticket management, and regulatory reporting.
TRUEiGTECH’s iGaming solutions are built for globally regulated markets, including the USA, Europe, LATAM, and the UK.
Contact
Head of Marketing
Prish K
TRUEiGTECH
The post TRUEiGTECH Unveils Enterprise-Grade Prediction Market Platform for Operators appeared first on Americas iGaming & Sports Betting News.
TRUEiGTECH has announced the development of an enterprise-grade prediction market platform designed to help operators, platform owners, and institutions launch outcome-based or event-driven trading markets at scale.
As traditional sports betting, media monetization, and trading platforms face increasing competition and regulatory complexity, prediction markets are emerging as an adjacent category with significant growth potential. By converting collective expectations into tradable probability signals, these markets provide operators with a differentiated product without requiring entirely new user acquisition channels.
TRUEiGTECH built prediction markets are already used by operators across the USA and Europe with additional deployments underway. Prediction markets have transitioned from experimental niche platforms to primary offerings by iGaming operators.
Analysts forecast leading prediction platforms will handle roughly $1 trillion in annual trading volume by 2030, up from about $10 billion today. Revenue, meanwhile, could rise to $10 billion+ by 2030.
TRUEiGTECH’s decision to build prediction market software and platforms at this juncture will certainly prove useful for business owners and operators looking to enter the industry with the right product.
Operators are increasingly drawn to this segment because it offers:
- A “bet-on-anything” model, enabling markets across business, finance, entertainment, politics, and emerging trends.
- Faster entry compared to traditional sportsbooks, especially for existing iGaming operators with established infrastructure.
- Early-mover advantage in a category that is still taking shape globally.
- Strong momentum in the U.S. market & across the globe, where demand for event-driven participation continues to accelerate.
TRUEiGTECH Offers Prediction Market Platforms in Multiple Ways
TRUEiGTECH’s co-founder, Prish Kumar, shares the multiple models and solutions available as a part of the company’s prediction market offerings.
“We provide turnkey and bespoke prediction market platform development solutions. Plus, we also offer prediction market clone development and prediction market API integration solutions.”
With TRUEiGTECH, operators can launch prediction markets or extend existing business offerings. By focusing on flexibility and scalability, TRUEiGTECH aims to position prediction markets as an accessible expansion path rather than a complex standalone venture.
With this launch, TRUEiGTECH enters the prediction market space as an infrastructure provider focused on enabling operators to build and launch regulation-ready prediction platforms in the USA, Europe and other regulated markets.
About TRUEiGTECH
TRUEiGTECH is a software development company which specializes in enterprise-grade betting and trading infrastructure development. The company builds turnkey and custom platforms for;
- Casino Platform: AI-empowered online casino software featuring multi-game aggregation, player account management (PAM), secure payment systems, and compliance-ready architecture for regulated markets.
- Sweepstakes Platform: Legally structured online sweepstakes software designed for markets where traditional real-money gaming is restricted, enabling operators to monetize engagement while maintaining regulatory alignment.
- Sportsbook Software: Comprehensive sportsbook software solutions featuring advanced odds management, robust risk control tools, real-time in-play betting capabilities, and scalable architecture designed for seamless multi-jurisdiction operations.
- Casino Games: Responsive casino and slot games, with custom gaming content developed through expert casino game development processes, optimized for performance, player retention, and seamless integration into existing gaming platforms.
- Lottery Platforms: Advanced lottery software solutions supporting draw-based, instant win, and hybrid formats, with capabilities for retail POS integration, ticket management, and regulatory reporting.
TRUEiGTECH’s iGaming solutions are built for globally regulated markets, including the USA, Europe, LATAM, and the UK.
Contact
Head of Marketing
Prish K
TRUEiGTECH
-
Christer Fahlstedt7 days agoPaf has halved its loss limit since 2018
-
Aphrodite’s Kiss4 days ago
Love on the Reels: Slotland Introduces “Aphrodite’s Kiss”
-
Amusnet4 days ago
Week 7/2026 slot games releases
-
Denmark5 days ago
RoyalCasino Partners with ScatterKings for Company’s Danish Launch
-
Latest News6 days ago
WinSpirit’s UnValentine’s Day: A New Take on February Engagement
-
Bryndís Hrafnkelsdóttir6 days ago
NOVOVISION Implemented at the University of Iceland Lottery
-
40 Treasures6 days ago
CT Interactive Enters into Partnership with Mozzartbet.rs
-
Finnish Institute for Health and Welfare6 days ago
Finland’s Health Authority Launches “2-4-2” Gambling Risk Limits Ahead of Expected Advertising Boom
