Tag: Legal
BetConstruct B2C arm Vbet to pay £340,000 over AML and safer gambling failings.
BetConstruct’s B2C sports betting and igaming arm Vivaro Limited – trading as Vbet – will pay a £337,631 ($412,000/ €381,000) regulatory settlement to the Gambling Commission, due to anti-money laundering and player protection failings. The Gambling Commission said an investigation conducted in 2020 and 2021 uncovered “significant weaknesses” in the operator’s processes in relation to
Jake Paul’s Betr launches real money offering in Ohio.
Influencer Jake Paul’s microbetting start-up Betr will now begin accepting real-money deposits and withdrawals in Ohio, after a “soft launch” on 1 January. In August 2022, Paul – alongside SimpleBet founder and CEO Joey Levy – launched Betr, a microbetting offering, designed at allowing players to place bets on fast-resolving markets. Paul is president of
BetMGM warns potentialities of information breach.
Entain-MGM joint venture BetMGM has warned that “certain BetMGM patron records were obtained” in a data breach earlier this year. BetMGM said it believed the breach occurred in May of this year, though it only became aware of it last month. The breach allowed unauthorised personnel to see “personal information of some patrons such as
DCMS Select Committee launches inquiry into UK Government’s handling of gambling.
The Digital, Media, Culture and Sport (DCMS) Select Committee has launched an inquiry into the government’s regulation of gambling, due to “warnings that more needs to be done to protect people”. The DCMS Select Committee is made up of 11 MPs – between the Conservative party, Labour Party, Scottish National Party and independents – that
Player receives €14,000 in German illegal sports betting reimbursement case.
The Köln Regional Court has confirmed that a player has been reimbursed for €14,000 (£12,195/$14,845) after placing bets with unlicensed sports betting operator Brivio Limited. The plaintiff had participated in sports betting on Vulcanvegas.com between 2020 and 2022. This website is operated by Brivio Limited, which is based in Cyprus. The plaintiff’s losses were estimated
EGBA calls for EU-wide standards for markers of gambling harm.
The European Gaming and Betting Association (EGBA) has called for the European Commission to bring in EU-wide standards for markers of gambling harm, in order to help create consistent approaches to reducing harm across the continent. The European Committee for Standardisation (CEN) creates a number of European Standards, which are used in trade across member
Norway regulator pauses Kindred fines again in latest U-turn.
Norwegian regulator Lotteritilsynet will once again pause its daily fines against Kindred, having now determined that the Unibet operator does not target Norway. The pause is the latest step in a long saga between Kindred and authorities in Norway, including Lotteritilsynet. Lotteritilsynet in September warned Kindred that it would impose a fine of NOK1.198m (£98,902/€113,930/$116,930)
Ukraine cancels licences of three “Russian-controlled” operators.
The Ukrainian Commission for the Regulation of Gambling and Lotteries (KRAIL) has cancelled the licences of three online gaming operators that it determined were ”controlled” by Russian nationals. KRAIL made the decision to cancel the licences for the operators to do business in Ukraine at its regular meeting. According to information submitted by the Security