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Compliance Updates

Smarkets introduces betting exchange to Swedish market

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Betting exchange Smarkets has launched in Sweden after receiving approval from the national regulator. The London-headquartered company operates one of the world’s leading peer-to-peer platforms for trading on sport, politics and current affairs, and it is now available to users in Sweden at smarkets.com.

Smarkets will become the second licensed betting exchange in Sweden, where online gaming and betting operators reported revenues of SEK14bn (£1.2bn) in 2019, according to figures from regulator Spelinspektionen and the Swedish Tax Agency.

As well as its UK base, Smarkets also has offices in Los Angeles and Malta, and is one of the industry’s only operators to own its full technology stack.

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Jason Trost, Smarkets CEO/Founder, said: “We know that customers in Sweden have been eagerly anticipating us going live, so I’m very excited to launch the Smarkets exchange there.

“I am confident that our market-leading prices and superior product will appeal to Swedish customers. The fact that we own our tech stack is one of the reasons we are able to offer the best pricing in the industry, and I’m really looking forward to growing our user base in Sweden.”

Sweden is the second new market in which Smarkets has recently launched. Whilst Swedish customers will be able to use the Smarkets betting exchange, the company also introduced its SBK sportsbook app to bettors in the US state of Colorado in June, and plans to release SBK in Indiana before the end of the year. Smarkets has been available to users in the UK and Ireland since 2010.

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Compliance Updates

BETBY SECURES GLI-33 CERTIFICATION, PAVING THE WAY FOR STRATEGIC MARKET EXPANSION

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BETBY, a leading sportsbook supplier, has announced that it has successfully attained the GLI-33 “Events Wagering System” certification. This achievement reinforces BETBY’s dedication to compliance and operational excellence, enabling the provider to deliver its innovative, tailored solutions to operators in markets regulated under GLI-33 standards, such as Brazil, and beyond.

Developed by Gaming Laboratories International (GLI), GLI-33 is a comprehensive framework that sets the benchmark for regulatory compliance in the sports betting industry.  It is trusted by numerous jurisdictions worldwide as a foundational standard, adaptable to meet specific national and regional regulatory requirements. Widely regarded as a prerequisite for market entry in numerous regulated jurisdictions, the certification ensures that wagers are conducted in a manner that is fair, secure, auditable, and properly managed.

Achieving GLI-33 certification is a significant landmark in BETBY’s global expansion strategy. The framework’s broad acceptance across regulated jurisdictions positions BETBY at the forefront of compliance and innovation, allowing the provider to deliver localized, engaging, and secure betting experiences to operators and players worldwide.

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“GLI has over 35 years of experience and is accredited as a testing and certification laboratory basically globally,” said Ilze Ramolina, Head of Legal at BETBY. “This makes GLI a trusted partner for certification, ensuring that BETBY meets the stringent requirements in newly regulated regions like Brazil, while also paving the way for future certifications in other markets. This milestone underscores our commitment to delivering compliant, high-quality solutions to operators worldwide.”

The post BETBY SECURES GLI-33 CERTIFICATION, PAVING THE WAY FOR STRATEGIC MARKET EXPANSION appeared first on European Gaming Industry News.

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Compliance Updates

Betsson Group Accredited with the Latest Version of ISO 27001

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Betsson Group has transitioned from the ISO 27001:2013 certification to the ISO 27001:2022 certification, following a confirmation by the British Assessment Bureau (BAB), an internationally recognised body accredited by the United Kingdom Accreditation Service (UKAS) – the sole body appointed by the UK Government to provide accreditation to certification bodies in the UK. This milestone highlights Betsson’s systematic approach to protecting sensitive information, including customer data, employee details, intellectual property, financial information and third-party data.

Betsson Group obtained the ISO 27001:2022 certification by ISO, the International Organisation for Standardisation in December 2024, replacing the ISO 27001:2013 certification, first obtained in 2019 and consistently maintained it in the successive years.

The ISO 27001 standard supports companies with guidance for establishing, implementing, maintaining and continually improving an information security management system. Meeting this standard means that a business has a solid plan to manage risks related to data security owned or handled by the company and that this system respects all the best practices and principles enshrined in the standard. The ISO 27001:2022 builds on the ISO 27001:2013 version with minor tweaks to some clauses, Annex updates and the addition of new controls. It also refreshes some terminology and definitions to stay in sync with the latest industry standards.

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With cyber-crime and new threats on the rise as well as the fast pace of technology advancements , the adoption of ISO 27001 as a standard equips businesses like Betsson Group with a tried and tested security framework which help it become more risk-aware and be in a better position to proactively identify and address weaknesses, whilst striving to continually improve its secure posture.

ISO 27001 certification is also highly respected by regulators and licensing authorities, streamlining Betsson Group’s processes for acquiring new gaming licenses while reinforcing trust and credibility with stakeholders.

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Compliance Updates

KSA Imposes Fine on Winning Poker Network for Unlicensed Gaming

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Dutch gambling regulator Kansspelautoriteit (KSA)has fined illegal operator Winning Poker Network (WPN) €1,275,000. WPN allowed Dutch players without the necessary permit, which is prohibited.

Dutch players could go to the website americascardroom.eu to gamble illegally. The KSA then informed WPN that it intended to impose a penalty payment order, after which it would no longer be possible to play on the website. WPN owns several (illegal in the Netherlands) websites, including truepoker.eu. This website remained available to Dutch people, after which the KSA still imposed a penalty payment order on WPN, stating that it would stop offering the website on all its sites.

KSA Chair Michel Groothuizen said: “A penalty payment order is an effective way to quickly take illegal supply off the air. However, these types of parties should not think that they will get off easy with this, so we also impose fines for the violation committed. In doing so, we hit them where it really hurts, namely in their wallets.”

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In addition to imposing a penalty payment, the KSA can also impose sanctions for the period in which the illegal offer was available. This is also the case here. The imposed fine was increased due to so-called aggravating circumstances: practices that aggravate the seriousness of the offence. For example, WPN charged players extra costs if they had not logged in for a long time (inactivity costs) and it pretended to be a reliable party by brandishing a foreign licence. The KSA takes this type of consumer fraud very seriously.

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