Betting industry news

    BreakingRegulatory

    DGOJ begins meetings with contributors to Spain’s Gaming Law reform

    The DGOJ (Dirección General de Ordenación del Juego) has commenced a round of meetings with entities that submitted contributions regarding the reform of Spain's Gaming Law. These discussions aim to review feedback and refine proposed changes to the regulatory framework. The initiative signals progress towards legislative amendments affecting the Spanish gaming sector.

    ADM releases version 1.2.1 of procedures for verifying licensee communication protocols

    ADM (Agenzia delle Dogane e dei Monopoli) has released an updated procedure, version 1.2.1, to support the verification of communication protocols between licensee systems and the central system. This document outlines the technical requirements and processes for ensuring data exchange integrity and compliance. Operators in the Italian market must adhere to these updated protocols for system integration and reporting.

    Anti-Money Laundering Updates

    The Malta Gaming Authority (MGA) has published new updates concerning Anti-Money Laundering (AML) regulations. These updates likely provide clarification or amendments to existing guidelines for licensed operators to ensure compliance. Industry professionals should review the MGA's official communications for specific details on the revised AML requirements.

    MGA

    Coljuegos health collections rise 39% through August on sports betting growth in Colombia

    Colombia's gambling regulator Coljuegos collected COP977.220 billion for the country's subsidized health system from January to August, a 39.38% increase year-over-year. This growth, representing an additional COP276.099 billion, is primarily attributed to the robust performance of sports betting. The figures demonstrate significant revenue generation from the regulated gambling sector for public health funding.

    BreakingRegulatory

    Brazil sets 6 October deadline for betting market shutdown

    Brazil has set an October 6 deadline for the shutdown of its regulated betting market, with operators prohibited from accepting new deposits and required to disable their websites and applications. Provisional Measure No. 1,394, signed by President Lula da Silva, bans the operation, offering, and intermediation of fixed-odds betting throughout the country. This measure outlines the timeline for the complete cessation of licensed betting activities.

    BreakingRegulatory

    Brazil betting industry weighs Supreme Court challenge to Lula ban

    The Brazilian betting industry is preparing a legal challenge against the newly imposed gambling ban and associated website shutdowns, with operators considering a Supreme Court appeal. This coordinated response follows President Lula da Silva's signing of Provisional Measure No. 1,394, which prohibits various betting activities. Operators aim to prevent their platforms from being closed down by the October 6 deadline.

    BreakingRegulatory

    Brazil puts banks and technology platforms at centre of betting crackdown

    Brazil's government is implementing a new enforcement regime targeting illegal betting, placing responsibilities on banks, payment institutions, telecom companies, app stores, and internet platforms. Provisional Measure No. 1,394 prohibits fixed-odds betting nationwide, including services offered from abroad to Brazilian residents, after the licensed market closes. This significantly broadens the scope of entities involved in combating unauthorized gambling operations.