Compliance Updates
HALLO Compliance Network to Discuss Sports Integrity in the US
HALLO Compliance Network, the platform bridging the gap between technology and the law, and Home of monthly online meetups fostering growth, education, and collaboration, returns with its 2nd HALLO Compliance Meetup featuring a powerhouse panel on “Safeguarding Integrity in Sports“!
The next HALLO Compliance Network Virtual Meetup will take place on December 19 via Zoom at 12:00 PM EST, featuring a compelling panel discussion that delves deep into the pressing issues surrounding sports integrity, match-fixing, and betting addiction.
The sports betting industry, including operators, providers, regulators and customers, recognizes that the essence of exhilarating sports betting lies in fair sports competitions. Consequently, numerous gambling laws prioritize the pivotal element of sports integrity. Locally, various educational initiatives have been implemented, and on a global scale, the Macolin Convention—a unique initiative dedicated to promoting fairness in sports—has garnered ratification from nine countries and signatures from an additional 32. Moreover, major sports federations such as the IOC and FIFA have initiated their own programs and initiatives in support of this cause.
The HALLO panel will have a closer look at how the prevention of the manipulation of sports competitions looks like in the US at this point in time, five years after first states regulated sports betting.
Meet the Panelists
This powerhouse panel features renowned experts in the field of sports integrity and regulatory compliance:
– Jim Brown, Head of Integrity Services, North America & Athlete Wellbeing globally at Sportradar
– Martin Lycka, SVP American Regulatory Affairs & Responsible Gambling at Entain
– Jai Maw, Co-Founder and President of Betting Hero
– Bill Pascrell III, partner at Princeton Public Affairs group and long-time advocate for reasonable regulations in igaming and sports betting in the US.
HALLO Compliance Network brings together a distinguished panel of experts to shed light on critical topics, exploring the multifaceted challenges and innovative solutions in the industry.
Discussion Topics
- Confronting Match Fixing: Is match fixing a significant concern in the US? We’ll explore its prevalence, the effectiveness of the educational and sports systems in combating it, and the role of legislation.
- A Global Perspective:Understanding why match fixing is a hot topic in regions like Asia, Europe, and South America, and discussing the cultural and systemic differences.
- Technological Implications: Examining how new technologies like deepfakes impact sports integrity, alongside the growing intersection between esports and sports integrity.
- International Initiatives: Delving into the Macolin Convention, educational campaigns, and transparency projects aimed at tackling these issues globally.
- Betting Addiction Among Athletes: Addressing recent cases and the ongoing challenge of betting addiction in the sports community.
This panel promises an in-depth exploration of the challenges facing sports integrity today, offering perspectives from legal, regulatory, technological, and ethical viewpoints. Join us for a session that’s as informative as it is engaging, perfect for professionals, enthusiasts, and anyone keen on understanding the evolving landscape of sports integrity.
Register Now For the 2nd HALLO Compliance Virtual Meetup!
Register and Tune in on December 19 via Zoom at 12:00 PM EST | 09:00 PST
Introducing HALLO Compliance Network and its Mission
The Acronym “HALLO” stands for “Highly Aligned Leaders in Legal Operations”. As the name suggests, HALLO Compliance Network is a platform putting Legal Operations at the forefront, especially in the contemporary Technology sector.
HALLO is a platform for bridging the gap between technology and the law, combining a trusted directory of legal experts specializing in Gambling, Blockchain, Fintech, and AI, and monthly virtual meetups focusing on learning and networking. HALLO is your Global Compliance Guide in Today’s cutting-edge fields, connecting Highly Aligned Leaders in Legal Operations.
Welcome to HALLO Compliance!
Register Now Free to harness the knowledge of the HALLO Virtual Meetups!
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Australia
NSW Govt Appoints New Board Members to ILGA
The NSW Government has made appointments to the board of the Independent Liquor and Gaming Authority (ILGA), including a deputy chairperson and two new members.
Associate Professor Amelia Thorpe and Nicholas Nichles have been appointed following a rigorous public expression of interest selection process. Additionally, existing member Chris Honey has been appointed deputy chairperson.
ILGA is a statutory decision-maker responsible for a range of liquor, registered club and gaming machine regulatory functions including determining licensing and disciplinary matters.
The appointments follow the end of the term of appointment for outgoing deputy chairperson Sarah Dinning, and also fill vacancies that existed on the board.
Mr Honey, who was appointed a member of ILGA earlier in 2024, has been named deputy chairperson until the end of his current appointment term (11 February 2027).
Mr Honey has extensive experience in the advisory and restructuring field, including working extensively in highly regulated sectors.
Associate Professor Thorpe and Mr Nichles have both been appointed for four years commencing 6 November 2024.
Associate Prof Thorpe is with the Faculty of Law & Justice at the University of New South Wales and an Acting Commissioner of the NSW Land and Environment Court.
Mr Nichles was previously a Consul General and Senior Trade and Investment Commissioner for Australian Government agency Austrade, based in the US.
The new appointments bring the ILGA board membership to seven. The new appointments will join chairperson Caroline Lamb, new deputy chairperson Mr Honey and current members Cathie Armour, Jeffrey Loy APM and Dr Suzanne Craig.
The post NSW Govt Appoints New Board Members to ILGA appeared first on European Gaming Industry News.
Compliance Updates
Ireland’s New Gambling Regulator to Begin Work on Phased Basis Next Year
Ireland’s new gambling regulator is likely to begin overseeing betting businesses in the Republic midway through next year, industry figures predict.
President Micheal D Higgins recently signed the new Gambling Regulation Act, which overhauls licensing and creates a new authority to govern betting firms, into law. Industry figures forecast that the new regime should begin operating midway through next year, a key point for many businesses as they will have to renew online betting licences by that time.
Government also has to pass several milestones before the new Gambling Regulatory Authority of Ireland can start functioning, including appointing the seven people the body requires.
Minister for Justice Helen McEntee appointed senior civil servant Anne Marie Caulfield as chief executive designate of the authority in summer 2022. Her office has 11 staff. According to the Department of Justice, the State’s Public Appointments Service will shortly begin recruiting the authority’s seven members.
The Minister will appoint the candidates the service recommends.
The department could not say when the authority would start regulating but noted this would happen in a phased “timely manner” after its establishment.
Jack Chambers, Minister for Finance, earmarked €9.1 million for the authority next year in this month’s budget. That includes €4 million for technology.
Ms Caulfield wrote to industry organisations last week confirming that her organisation would begin its work on a “phased basis” but pointing out that it has already completed many preparations. In a statement she said that the authority was committed to keeping the industry fully informed so businesses can “plan for the new regulatory regime”.
Meanwhile, the Public Service Appointments Service last week advertised for someone to head the authority’s social fund. Under the new law’s provisions, betting businesses will contribute to this fund which the authority will use to tackle problem gambling.
Betting businesses regard the fund’s establishment as one of the key steps towards establishing the new regime.
Alongside that, they say that the authority will also have to set up its new licensing system. The law demands that all gambling businesses operating in the Republic be licensed and makes it a criminal offence to operate without a proper permit.
Lawyers at Arthur Cox recently noted that current permits are preserved until licensing sections of the act come into force. Existing high street and online bookies’ licences will have a run-off period, but lawyers said that how this would work in practice depended on how the regulator developed the new system.
Betting businesses are keen that the authority works on a national self-exclusion register for customers who voluntarily ask bookmakers not to take their bets. Currently, most individual bookies have systems where customers who fear they have a problem, or are at risk, can exclude themselves in this way.
The post Ireland’s New Gambling Regulator to Begin Work on Phased Basis Next Year appeared first on European Gaming Industry News.
Compliance Updates
Tennessee Sports Wagering Council Takes Action Against Illegal Sportsbook
The Tennessee Sports Wagering Council through its executive director issued $50,000 in fines to Bovada.lv, an unlicensed and therefore illegal sportsbook operating in Tennessee.
Bovada failed to comply with cease and desist letters delivered to addresses in Curaçao, and Council investigators placed wagers through Bovada’s platform on three separate occasions, including as recently as October 16, 2024.
The Sports Gaming Act authorizes the Council to impose a $10,000 fine for the first offense of accepting wagers without a license, which rises to $15,000 for the second offense, and $25,000 for the third offense. Subsequent offenses may lead to the imposition of a $25,000 fine for each occurrence, an occurrence being a single wager accepted in Tennessee.
In the cease and desist letters, the Council ordered Bovada to allow all Tennessee users to withdraw any funds currently held by the unlicensed sportsbook.
“The Sports Wagering Council recommends that Tennessee users of Bovada withdraw their funds immediately. Our primary role is the protection of the public interest through a safe, regulated environment, and Tennessee sports bettors need to know that just because they can access a sports betting website or app inside Tennessee’s borders does not mean it is licensed to do business here,” Mary Beth Thomas, Executive Director of Tennessee Sports Wagering Council, said.
Legal sportsbook operators provide important bettor protections not found in the illegal market. If an individual wagers with unlicensed sportsbooks, their sensitive financial and personal information may not be protected and could even be shared with criminal enterprises. The bettor’s money could be withheld or disappear without a way to recover it.
The SWC is working closely with its network of law enforcement at the state and federal level to eradicate illegal sportsbooks such as Bovada and others.
Tennessee is the largest “online-only” sports betting market in the US, with more than $4.7 billion wagered in Tennessee last fiscal year through online sportsbooks licensed by the Council.
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