Betting industry news

    BreakingRegulatory

    DCMS urged to ban regulated gambling operators from sports sponsorships

    DCMS urged to ban regulated gambling operators from sports sponsorships

    A research consortium, Local Health and Global Profits (LHGP), is urging the UK's Department for Digital, Culture, Media and Sport (DCMS) to broaden its proposed ban on unlicensed gambling sponsorship in sports to include all regulated operators. While supporting action against the black market, LHGP believes extending the ban is crucial for public health and reducing gambling harm.

    Better Collective and Yahoo Sports partner to bring fans comprehensive sports betting coverage, data, and technology

    Better Collective and Yahoo Sports have announced a partnership to provide comprehensive sports betting coverage, data, and technology to fans. Yahoo Sports will integrate Better Collective's data and tech across its products and distribute select Action Network content within its betting hub. This collaboration aims to enhance sports betting understanding for a broad audience.

    Connecticut sends cease-and-desist orders to nine prediction markets

    Connecticut has issued cease-and-desist orders to nine prediction market operators, targeting illegal gambling activities within the state. Governor Ned Lamont and Consumer Protection Commissioner Bryan T. Cafferelli initiated these actions to curb unlicensed operations. This move follows an estimated $40 billion wagered on NFL games via prediction markets, highlighting increased regulatory scrutiny.

    Sunderland signs multi-year deal with Shuffle amid heightened black market scrutiny

    Sunderland AFC has signed a multi-year sponsorship deal with Shuffle, a crypto-centric online casino and sports betting platform that operates without a UK Gambling Commission license. This partnership is controversial given increasing scrutiny on football clubs promoting gambling and the platform's unlicensed status in the UK, raising questions about regulatory oversight. The deal highlights ongoing tensions between sports sponsorship and responsible gambling practices within the UK.

    Two more plead guilty in UK election betting case

    Two more plead guilty in UK election betting case

    Anthony and Laura Lee, two more Conservative figures, have pleaded guilty to cheating in connection with bets placed on the 2024 UK general election date. This scandal involves illegal betting activity by individuals with insider knowledge, raising questions about betting integrity and regulatory oversight. Several other Conservative Party members are also under investigation for similar offenses.

    Mor Weizer: Line must be drawn on tech supply to illegal operators

    Playtech CEO Mor Weizer used the company's H1 earnings call to emphasize the industry's responsibility to cut off technology supply to illegal gambling operators, despite refusing to comment on ongoing litigation with Evolution AB in New Jersey. This stance highlights a critical issue for major B2B suppliers regarding market integrity and regulatory compliance. The refusal to discuss the Evolution litigation suggests its sensitivity and importance to Playtech.

    BreakingRegulatory

    Germany cracks down on €6bn illegal gambling ring

    German authorities have launched a major crackdown on an illegal gambling network, following a three-year investigation into heightened money-laundering risks flagged by the Financial Action Task Force (FATF). Eleven premises were raided, targeting an operation reportedly handling €6 billion in stakes. This initiative aims to combat criminal activities threatening the German economy and market integrity.

    Couple at the forefront of 2024 Conservative campaigning plead guilty after election bets

    Two individuals closely associated with the UK Conservative Party, including its Head of Campaigning, have pleaded guilty to cheating offences under the Gambling Act 2005. Anthony Lee and his wife, Laura Lee, admitted to placing bets on the date of the 2024 UK general election using insider information. This development is part of a wider scandal involving bets made by political figures on the election timing.