Ron Mendelson of Fast Offshore clarified that company registration in offshore jurisdictions does not equate to regulatory approval. He emphasized that operators must consider comprehensive licensing, market access, banking, payments, and ongoing compliance from the outset, rather than assuming offshore means unregulated.
Summary based on reporting by CasinoCity Times, which retains all rights to its text and images.
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The Dominican Republic has enacted a new law regulating gambling, with President Luis Abinader appointing Teófilo “Quico” Tabar Manzur to lead the newly formed General Directorate of Gambling (DGJA). This follows the publication of Law 86-26 and the issuance of Decree 684-26.
The Pennsylvania State Police will begin seizing unregistered skill game machines and filing criminal charges on October 14. Businesses operating these devices are advised to remove them and related equipment before the enforcement date.
Stake has secured a license from the Alberta Gaming, Liquor and Cannabis Commission (AGLC), preparing for Canadian expansion. This move brings the online casino and sportsbook to Alberta, Canada's newest regulated online gaming market.
A Finnish professional bettor has won the right to deduct losses from his taxable income following a legal dispute. This ruling allows the bettor to include betting losses in his tax considerations.
A U.S. federal judge has blocked Illinois from enforcing new rules against prediction-market platforms, siding with Kalshi. The judge ruled that sports event contracts offered by platforms like Kalshi likely qualify as swaps under federal law, granting preliminary injunctions.