Betting industry news

    BreakingRegulatory

    German casino President warns that excessive bureaucracy could mean the end for German casinos

    Kerstin Kosanke, President of the German Casino Association, has raised concerns that upcoming EU cash limit regulations and national anti-money laundering requirements could lead to the demise of German casinos due to excessive bureaucracy. She suggests Germany risks following Sweden's path where stringent regulations severely impacted the land-based casino sector.

    Match Fixers are Often Victims & Efforts Must Prosecute Corrupters, Panel Tells House of Lords

    During a UK House of Lords committee meeting regarding the Macolin Convention, experts highlighted that match-fixers are often victims coerced into illegal activities. The International Tennis Integrity Agency (ITIA) CEO emphasized the need to prosecute those who corrupt athletes, rather than solely focusing on the athletes themselves, to effectively combat international match-fixing.

    Polymarket booted out of the Czech Republic

    Polymarket, a prediction market platform, has been banned in the Czech Republic for operating as an unlicensed gambling platform. The Ministry of Finance has ordered internet service providers to block access within 15 days, adding the Czech Republic to a list of European countries cracking down on such platforms.