Compliance Updates

Stake.com’s UK operation now live

Published

2 years ago

December 16, 2021

Reading Time: 2 minutes

Fast-growing global cryptocurrency betting & gaming operator & Watford FC principal sponsor’s UK B2C platform launched on stake.uk.com

Stake, one of the world’s fastest-growing cryptocurrency betting & gaming operators and principal sponsor of Watford FC have ramped up their global expansion with the launch of UK-licensed website, www.stake.uk.com

Since launch in 2017, Stake has grown to process over 30 billion bets a year, including handling five percent of global Bitcoin transactions and 10 percent of global Dogecoin transactions.

The UK platform will offer customers a range of sportsbook, casino and gaming products, powered by TGP.

Running in partnership with TGP Europe and licensed by the UK Gambling Commission, the site launches as part of the global operator’s expansion plans beyond core markets of Canada and Latin America which are managed by Stake’s core operations teams spread in Australia and Serbia.

At launch, Stake.com will offer a number of unique and exclusive betting markets and propositions for UK customers covering major eSports, entertainment and political events along with traditional sports betting markets.

Stake’s UK offering will include a range of responsible gambling tools including systems to allow customers to set deposit limits, take timeouts and self-exclude. Stake is a verified member of the Crypto Gambling Foundation, meeting their fairness and transparency requirements.

Stake’s UK offering will not accept cryptocurrency payments or transactions, processing all payments in fiat currency only in line with UK licensing regulations.

Stake announced a club-record partnership with Watford FC for the 21/22 season, culminating in the iconic Shiba Inu dog adorning the club’s shirt sleeves for the first time. To celebrate the UK launch, Stake are offering Watford fans an exclusive ‘Stake x Watford First Goal Payout’ promotion, meaning if the Hornets score first in any Premier League game and fail to win, Stake will still pay out on all bets on a Watford victory.

Dominic Rae, Sponsorships Manager for Stake said: “Following a successful launch our UK-facing and licensed website stake.uk.com is now live, offering sportsbook, casino and gaming products to the UK.

“Customers will have access to a range of sportsbook markets including odds coverage of unique betting events in esports as well as a full suite of responsible gambling tools, designed to offer a safe and entertaining experience to all customers.”

Asia

WorldMatch Certifies Games for the Philippines

Published

12 hours ago

May 21, 2024

Niji Narayan

worldmatch-certifies-games-for-the-philippines

Reading Time: < 1 minute

WorldMatch has announced the release of the first batch of its certified games for the Philippines market. This significant milestone marks a crucial step in the company’s global expansion strategy and commitment to providing high-quality gaming experiences to Filipino players.

The initial batch, comprising carefully selected games certified to meet the regulatory standards of the Philippines, promises to offer a wide variety of entertainment options for players in the country. From classics to modern titles, each game has been designed to deliver an engaging and enjoyable experience for users.

“This is an exciting moment for us. We are thrilled to bring our expertise and innovation to the Philippines market and collaborate with brand new partners to deliver extraordinary gaming experiences to local players,” said Xhuljana Demerxhiu, Head of Sales at WorldMatch.

The post WorldMatch Certifies Games for the Philippines appeared first on European Gaming Industry News.

Compliance Updates

NIGC Announces Acting Chair

Published

1 day ago

May 20, 2024

GamingAmericas.com

The National Indian Gaming Commission announced the President’s appointment of Associate Commissioner Sharon M. Avery as Acting Chair of the Agency, effective May 15, 2024. Secretary of the Interior Deb Haaland recently appointed Avery to a three-year term as Associate Commissioner, effective May 6, 2024. Avery will serve both as Associate Commissioner and Acting Chair until a presidentially appointed, Senate-confirmed Chair is in place.

As Acting Chair, Avery has the same statutory authority to lead the Agency and take official actions as a Senate-confirmed appointee.

“I am humbled the administration has entrusted me with the distinguished opportunity to serve as the NIGC Acting Chair. In this capacity, and to the best of my abilities, I will diligently execute my duties and responsibilities designated by the Indian Gaming Regulatory Act to continue the Agency’s regulatory oversight of tribal gaming facilities without disruption, until a permanent Chair has been confirmed,” said Avery.

Avery is an enrolled member of the Saginaw Chippewa Indian Tribe of Michigan. She has been with the NIGC for over four years where she has served as an Associate General Counsel in the NIGC Office of General Counsel. Before joining the NIGC, Avery served for more than 10 years in the legal department for the Saginaw Chippewa Indian Tribe of Michigan. Most recently, she served as the Tribe’s General Counsel for Tribal Operations.

Compliance Updates

Spillemyndigheden: Anti-Money Laundering- A report to the police must be followed up by a notification

Published

2 days ago

May 20, 2024

Niji Narayan

spillemyndigheden:-anti-money-laundering-a-report-to-the-police-must-be-followed-up-by-a-notification

Reading Time: < 1 minute

Notifications to the Money Laundering Secretariat is one the most important sources of information on money laundering and financing of terrorism. A notification is information about a potentially criminal act, and it cannot be replaced by a report to the police.

Gambling operators are obligated to notify in accordance with section 26 of the AML Act. The obligation to notify means that gambling operators must immediately notify the Money Laundering Secretariat if they know of, suspect, or have reason to believe that a transaction, funds or an activity is or has been linked to money laundering or financing of terrorism.

Notifications are essential for the role of the Money Laundering Secretariat, as notifications can in themselves constitute a case. In addition, a notification about a suspicion can be part of a larger case of other suspicious matters.

Police reports cannot replace notifications

There are no exceptions to the obligation to notify even if you have reported the matter to the police. In case a gambling operator has reported a customer to the police, the gambling operator must also notify the Money Laundering Secretariat which is an authority independent from the police.

The post Spillemyndigheden: Anti-Money Laundering- A report to the police must be followed up by a notification appeared first on European Gaming Industry News.