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Why Maintaining Regulatory Compliance is More Complex Than a Simple iGaming License Acquisition?

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Securing an iGaming license is a non-negotiable condition to start offering services to players in almost any country. This can only be achieved after completion of thorough regulatory vetting, where a business is required to provide a clear source of funds and business plan, pay license fees, and meet other requirements.

Just as no traveler can cross a border without a valid international passport, no gambling business can run in the UK, France, Spain, or other regulated markets without first securing a license, the iGaming industry passport. Unlike with the international passport, however, the license may be revoked at any time if businesses fail to comply with the ever-evolving regulations.

After going through all the rigorous checks and becoming a license holder, most operators mistakenly assume they are legally protected for life; yet, many of them soon find this was an illusion. Regulations rarely stay still, with new rules introduced constantly, often forcing operators to completely restructure the way they operate.

Getting a gaming license is just the beginning of a long story. For a business, maintaining compliance over the long term requires a far greater effort than simply starting.

The main reason is the need to always keep a finger on the pulse. What was a gray zone today may require operators to obtain a local license and comply with international standards tomorrow to avoid being subject to criminal prosecution. This is too often the case in the industry, with iGaming companies putting everyday compliance as their first priority to avoid risks involved with not doing so.

Ongoing monitoring and decoding regulatory change come hand in hand with rising expenses, which only tend to increase over time. Companies spend more on compliance, including investments in advanced KYC systems, transaction oversight, reporting, responsible gaming protocols, and others. Compliance is not a one-time investment but “an ongoing business concern,” according to Inteliumlaw, a team of legal professionals specialized in advising iGaming businesses in both license acquisition and ongoing compliance.

Furthermore, regulators in multiple jurisdictions require iGaming operators to regularly advance their compliance systems by performing annual internal and external audits designed to identify and address any potential weaknesses or gaps. If any significant compliance defects are identified, operators are required to both eliminate them promptly and report the corrective measures to the regulator in a very specific way.

Entering new jurisdictions during scaling also introduces additional layers of regulatory complexity. The fragmented nature of gambling regulations across the world translates into significant investment of both time and money for companies to decode and comply. In the process, firms often need to open a local branch, align their terms and conditions with applicable laws, and fulfill other country-specific requirements.

From new marketing restrictions and self-exclusion rules to additional obligations for a whole gaming vertical, the emergence of a local licensing framework, and a complete ban on specific gambling activity in a targeted jurisdiction(s) – everything can disrupt companies’ operations.

Failing to adapt or simply deciding to ignore new rules, however, can trigger regulators and ultimately lead to news headlines like “[…] fined $1.5M for failing to […],” “[…] license revoked by gambling regulator,” or “[…] regulator orders […] to shut down.”

Therefore, ignoring is not the way, but seeking professional assistance is. Maintaining compliance post-licensing is best done with the help of expert gambling law advisors, who make this process seamless and risk-free, allowing iGaming operators to focus on growth rather than regulatory hurdles. While many of them are limited to assistance with license acquisition, law firms like Inteliumlaw provide comprehensive ongoing legal support and genuinely invest in businesses’ long-term success.

In a landscape where ignoring compliance is impossible and in-house legal staff proves inefficient, relying on expert iGaming lawyers at Inteliumlaw or other industry advisory firms is the most effective way to maintain compliance while sleeping well at night.

The post Why Maintaining Regulatory Compliance is More Complex Than a Simple iGaming License Acquisition? appeared first on European Gaming Industry News.

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GoldenRace launches Goal2Win to bridge the gap between football and numbers

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The world of sports betting and gaming is set for a major shake-up with the launch of GoldenRace’s innovative, new number game, Goal2Win, designed to captivate the massive global football audience. Goal2Win successfully bridges the gap between the universal passion for the “king of sports” and the proven thrill of number-based predictions, offering partners a fresh, high-potential product for monetisation.

Goal2Win is a premium offering that takes the familiar, classic number game format and integrates it with a dynamic, football-centric theme. This unique combination makes the game instantly recognisable yet excitingly new, appealing both to seasoned sports bettors and newcomers seeking an engaging, simplified experience.

Goal2Win is GoldenRace’s proposal to mix innovation and tradition. It offers operators a product that leverages the immense reach of football fandom while delivering the straightforward, engaging gameplay and massive win potential expected from a top-tier number game. It’s a compelling blend of excitement, simplicity, and significant reward potential.

Key features driving engagement and potential winnings:

Goal2Win is engineered for maximum player retention and high stakes, boasting dynamic gameplay and powerful features:

  • Multiplier feature: Players can place the same set of bets across an impressive twenty-two consecutive events, significantly driving up potential winnings and ensuring sustained engagement over time.
  • Jackpots and Mega Jackpots: The game includes tiered winnings with both standard Jackpots and highly coveted Mega Jackpots, promising life-changing sums and acting as a powerful player motivator.
  • Quick picks: For rapid access to the action, the Quick picks option allows the system to randomly select numbers, streamlining the betting process for players.
  • Row/Column selector: Enhancing the user experience, selector buttons enable players to easily pick an entire row or column of numbers, simplifying sophisticated betting.

Goal2Win represents a unique opportunity for operators to tap into the immense global football fanbase with a product that is both innovative and instantly recognisable. It stands poised to become a staple offering, driving higher stakes and attracting a broader demographic to the operators’ portfolio.

The post GoldenRace launches Goal2Win to bridge the gap between football and numbers appeared first on European Gaming Industry News.

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PayAdmit partners with Yaspa to integrate Pay by Bank on its payments platform

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Yaspa, the Pay by Bank fintech, today announced a partnership with PayAdmit, the London-based payment software provider and orchestrator used by merchants across eCommerce, iGaming and digital services. The integration brings Pay by Bank to PayAdmit’s platform, giving its merchants a faster, secure, cost-effective way to accept customer payments with real-time confirmation.

PayAdmit offers a modular payments stack that includes White Label, Cashier Service, Payment Bridge and Payment Concierge Service — a high-touch support layer for resolving payment issues in real time. The platform aggregates 350+ global payment methods and provides streamlined onboarding, enabling merchants to go live in as little as 14 days.

Adding Yaspa gives PayAdmit’s clients a high-conversion bank payment option built for speed, conversion and compliance.

Yaspa’s Head of Commercial, Amie Kadhim, said: “PayAdmit moves fast and sets a high bar on payment performance, reliability and checkout experience. We’re excited to power their next chapter with instant bank payments that are speedy, secure and deliver a smooth, mobile-first experience – boosting approval rates and settling funds immediately.”

For PayAdmit’s merchants, the integration with Yaspa delivers:

  • Real-time deposit confirmation
  • Lower processing costs versus traditional methods i.e. debit and credit cards
  • Reduced fraud and chargeback risk with bank-level authentication
  • A smoother mobile journey with no card details to key in

Yaspa’s benefits align with PayAdmit’s focus on performance, security and a modern, merchant-friendly toolkit.

Vladyslav Kolodistyi, CEO of PayAdmit added: “Our mission is to give merchants a flexible, future-proof payments stack. Partnering with Yaspa adds a best-in-class, instant bank payment option, so clients get higher conversion with less complexity.”

The post PayAdmit partners with Yaspa to integrate Pay by Bank on its payments platform appeared first on European Gaming Industry News.

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Continent 8 appoints Julia Weygandt as Head of Client Growth & New Business

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Continent 8 Technologies, a leading provider of cutting-edge managed IT solutions designed for the global iGaming and online sports betting industry, announces the appointment of Julia Weygandt as Head of Client Growth & New Business.

Based in Malta, Julia will spearhead strategic initiatives to drive customer growth and capture new market opportunities globally, working closely with the existing Sales team and Practice Leads.

Julia brings over 20 years of experience in gaming, entertainment, and technology, with a proven track record in commercial strategy, international market expansion, and strategic partnerships. Her career includes senior roles such as COO at G Games and Tornado Games, and Head of International Partnerships at GAMOMAT, where she successfully scaled operations and delivered significant revenue growth.

Julia is an active advocate for diversity and leadership in gaming, serving as a Board member for Global Gaming Women and leading partnerships for the Behind the Gloves initiative, which combines boxing and corporate engagement to support charitable causes.

Nick Nally, Chief Revenue Officer at Continent 8 Technologies, commented: “Julia’s appointment reflects our commitment to delivering exceptional value and growth opportunities for our customers. Her deep industry knowledge, commercial acumen, and passion for building strong partnerships make her an outstanding addition to our team. We are excited to see the impact she will have as we continue to expand globally.”

Julia Weygandt, Head of Client Growth & New Business, added: “I’ve known the Continent 8 team for a long time; they are a trusted and respected partner to the world’s leading iGaming operators and suppliers, and I am thrilled to join at such an exciting time. My focus will be on driving client success through innovative solutions and strategic growth initiatives, ensuring we continue to lead in this fast-evolving industry.”

The post Continent 8 appoints Julia Weygandt as Head of Client Growth & New Business appeared first on European Gaming Industry News.

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