Betting industry news

    iGaming cannot permit AI use to run wild

    iGaming cannot permit AI use to run wild

    The article emphasizes the transformative potential of AI within the iGaming sector, likening its power to a 'powerful machine gun' that requires careful and responsible implementation. It warns against unregulated AI use, suggesting that unchecked integration could drastically alter industry dynamics.

    BreakingRegulatory

    AUSTRAC finalises enforceable undertaking with Sportsbet

    Australia's financial intelligence agency, AUSTRAC, has finalized its enforceable undertaking with Sportsbet after the betting operator successfully rectified significant deficiencies in its anti-money laundering and counter-terrorism financing (AML/CTF) controls. This outcome signals AUSTRAC's commitment to ensuring reporting entities maintain robust AML/CTF frameworks.

    BreakingRegulatory

    Ohio lawmakers seek online betting ban

    Ohio lawmakers have introduced a bill that would severely restrict sports betting, including eliminating online wagering, banning parlays and prop bets, capping bets at $100, and imposing new advertising and payment restrictions. This proposed legislation would drastically alter the sports betting landscape in Ohio if passed.

    BreakingRegulatory

    Data inconsistences and ‘self-harm on an immense scale’, industry reacts to financial risk assessment rollout

    Data inconsistences and ‘self-harm on an immense scale’, industry reacts to financial risk assessment rollout

    The UK gambling industry is reacting strongly to the Gambling Commission's rollout of financial risk assessments, with concerns raised about data inconsistencies and the potential for 'self-harm on an immense scale.' Shadow Gambling Minister Louie French MP has called on the government to 'take control of the Gambling Commission' amidst the controversial implementation.