Compliance Updates

Sweden’s Spelinspektionen Submits Match-fixing Regulations for EC Approval

Published

4 years ago

May 22, 2020

Reading Time: 2 minutes

Swedish gambling regulator Spelinspektionen has submitted new rules on match fixing to the country’s National Board of Trade, for the board to notify the European Commission of the changes, and has conducted an impact assessment of the rules.

The new rules would limit betting to the top four divisions of football. Also, betting on Swedish Cup would be limited to matches featuring teams from the top four tiers. Markets for matches involving foreign clubs would only be permitted when each participating team is from the top four tiers of each country’s footballing pyramid. Operators would only be able to take bets on international matches from under-21 level upwards.

Last month, when it announced the plans to ban betting on lower-league matches, Spelinspektionen also proposed banning betting on training matches or friendlies entirely, but opted to continue to allow international friendlies.

In addition, betting must not be offered in the event of a rule violation such as a yellow card or penalty in football, while betting must not be offered on individual performance of anyone under 18 years of age.

Also, licensees will be required to produce annual reports on potential match-fixing activity.

The new rules on match fixing can only take effect after the EU Commission has given its opinion, which takes just over three months. Spelinspektionen said the rules could come into effect no earlier than the end of 2020.

“Match fixing is considered as one of the biggest threats to sports today and as a result of this as well against betting and the companies that provide betting. There are, as far as can be judged, great risks in offering bets on games at low divisions in football,” Spelinspektionen said.

“Monitoring from both sports federations and the media is lower and the athletes do not make money and are thus more vulnerable. There is also a risk of athletes or whole associations coming in contact with match fixing at lower levels and then taking the problem up through the pyramid with any sporting success,” it added.

Spelinspektionen also said it was aware of the risk that the restrictions could apply in encouraging more players to play on unlicensed sites.

“The unlicensed gaming market is never further away than a click on your computer or phone,” it said.

Compliance Updates

Elys BMG Group Announces Approval for The Ugly Mug Sportsbook in Washington, DC.

Published

10 hours ago

April 19, 2024

GamingAmericas.com

elys-bmg-group-announces-approval-for-the-ugly-mug-sportsbook-in-washington,-dc.

Elys BMG Group announced that The Ugly Mug in Washington D.C. has been granted provisional approval from the District of Columbia Office of Lottery and Gaming Regulation and Oversight Division (DCOLG) to open its sportsbook at 723 8th St. SE. As the fourth privately owned sportsbook venue in the District powered by Elys’ innovative Gameboard betting technology, The Ugly Mug stands as a testament to Elys’ commitment to bringing cutting-edge solutions to local businesses and sports enthusiasts.

The grand opening for The Ugly Mug sportsbook is anticipated to occur during the week of April 27th. Elys will unveil the grand opening festivities, promotions, and events as the date draws closer.

With easy access to sports wagering and a classic American menu in a relaxed setting, The Ugly Mug sportsbook is set to become a premier destination in the Navy Yard region of Washington D.C. and is another step forward for Elys becoming the leading betting technology provider for neighborhood sportsbooks in the US.

Compliance Updates

GoldenRace is now certified in the Netherlands

Published

1 day ago

April 18, 2024

George Miller

goldenrace-is-now-certified-in-the-netherlands

Reading Time: < 1 minute

GoldenRace, global provider of award-winning Virtual Sports and betting solutions, has recently obtained a certification for its highly acclaimed Virtual Sports and Games in the Dutch market.

GoldenRace successfully navigated the stringent regulatory landscape of the Netherlands, and now will be providing its impressive betting products into the Online Dutch market, which will be an important advancement in our operational expansion.

The Netherlands betting scene is on the cusp of a substantial growth phase and with GoldenRace’s latest certification, we introduce to the Dutch market a range of highly popular games tailored to desktop and mobile, in both scheduled and on-demand modes.

Among the offer, players will enjoy our most-played Virtual Football line-up – including Football Single, Leagues, World Cup and Euro Champions-, adrenaline-pumping 3×3 Basketball and MMA and top-notch races as Horse Racing, Greyhound Racing and Grand Prix Indianapolis 60. Last but not least, our Number Games, such as Spin2Win. All ready to captivate Dutch players.

The post GoldenRace is now certified in the Netherlands appeared first on European Gaming Industry News.

Compliance Updates

MGA: Update to the Incident Reporting Requirements

Published

1 day ago

April 18, 2024

George Miller

mga:-update-to-the-incident-reporting-requirements

Reading Time: 2 minutes

The Malta Gaming Authority would like to inform its licensees of updates made to the Incident Report mechanism available through the Licensee Portal The information hereunder outlines relevant guidance and procedures for the submission of an Incident Report through the updated reporting instrument entitled the ‘Technical – Information Security Incident’.

As mandated by Articles 37(2)(c) and (d) of the Gaming Authorisations and Compliance Directive (Directive 3 of 2018), “Licensees shall notify the Authority forthwith, and in any case no later than three (3) working days after, the following:

(c) Any breach of the licensee’s information security that adversely affects the confidentiality of information relating to players;

(d) Any breach of the licensee’s information security that precludes players from accessing their accounts for a period exceeding twelve (12) hours.”

In this regard, Licensees are obliged to submit an Incident Report in order to notify the Authority of the circumstances relating to an information security breach that meet the above specified criteria. Additionally, Licensees are advised to remain mindful of any further obligations emanating from the General Data Protection Regulation (EU/2016/679) and any relevant legislation.

The Technical – Information Security Incident option will be accessible through the “New/Change” dropdown menu via the Portal. Upon selection, users will be directed to the applicable sections of the ‘Technical – Information Security Incident’ where all compulsory fields and any relevant documentation must be submitted to the Authority.

Upon submission, the Incident Report shall undergo review by the Authority. Any missing information that may be identified by the Authority, shall be requested accordingly from the Licensee. It is imperative that any pending clarifications are addressed in a timely manner.

If no further clarifications are deemed necessary by the Authority, the Incident Report will be closed off accordingly, and any relevant documentation will be securely filed for record-keeping purposes.

Any Incident Reports left in ‘Draft’ form (i.e. opened but not effectively submitted) for a period of ninety (90) days shall be automatically discarded.

The post MGA: Update to the Incident Reporting Requirements appeared first on European Gaming Industry News.