G3 Newswire

    Senator questions government focus on illegal land based gambling in Chile

    Senator Karim Bianchi in Chile has criticized the government's focus on illegal land-based gambling, arguing that scrutiny should also extend to online betting platforms. As president of the Senate's Security Commission, Bianchi raised this point within the context of the government's anti-organised crime agenda. This indicates a potential shift in regulatory attention towards the online sector in Chile.

    Cantor Fitzgerald adds institutional block trading to prediction markets

    Cantor Fitzgerald, a global investment bank, has launched institutional block trading for prediction markets, positioning itself as one of the first full-service investment banks to offer this service to institutional clients. This move expands access to prediction markets for large-scale financial players. Prediction markets are often seen as a form of regulated betting on future events.

    The CFTC Chair should listen to CME CEO Terry Duffy on the dangers of unregulated gambling prediction markets

    CME Group CEO Terry Duffy has voiced strong concerns about unregulated prediction markets, likening them to 'carnival barkers.' Dennis Kelleher of Better Markets urges the CFTC's Innovation Advisory Committee to heed Duffy's warnings, emphasizing the dangers these unregulated platforms pose. This debate highlights a push for stricter oversight and regulation of prediction market activities, which often operate in a grey area between finance and gambling.

    Exalogic and Fast Track bring agentic CRM to Italy's regulated market

    Exalogic, a prominent platform provider in Italy, has partnered with Fast Track to integrate agentic CRM workflows for its network of over 20 licensed Italian brands. This collaboration aims to enhance player engagement and retention within Italy's regulated gaming market. The technical integration and compliance alignment are complete, with several Italian operators already utilizing the new CRM capabilities.

    BreakingRegulatory

    UK's black market to take £800m in bets across the new Premier League season

    The UK's illegal gambling black market is projected to handle up to £800 million in bets during the new Premier League season, with approximately £20 million already wagered with criminal operators on the opening weekend. This figure is anticipated to increase by a further £200 million throughout the season. Such activity highlights the scale of unregulated betting and its impact on the licensed market.

    TrafficGuard: The World Cup exposed the hidden cost of player acquisition

    TrafficGuard estimates over $100 million in betting advertising spend during the World Cup delivered no new player value due to fraud and inefficiencies. This highlights a significant industry-wide issue where a substantial portion of the $4-8 billion annual ad spend in online gaming is wasted on non-converting traffic. The article suggests this represents a persistent challenge in optimizing player acquisition costs.

    Virgin Bet steps up South Africa push with ‘A Good Bet’ campaign

    Virgin Bet has launched its first major brand campaign, 'A Good Bet', in South Africa, marking a significant step in its strategy to establish itself in its first market outside the UK. The integrated campaign, which began on August 21, will run across various media channels including television, out-of-home, digital, and social platforms. This move highlights Virgin Bet's commitment to expanding its international footprint.

    Gama warns illegal gambling is thriving in the shadows

    Former Uruguayan gambling regulator Luis Alberto Gama, now with Gaming Consultores, highlights that illegal gambling's primary challenge isn't its size but rather how it operates covertly. He argues that the industry and regulators must address this shadow economy, which undermines legal frameworks and operations. This perspective emphasizes the ongoing threat posed by illicit betting activities.

    BreakingRegulatory

    Brazil betting sector pushes back on prohibition debate

    Brazil's betting industry, represented by ANJL and Grupo Globo, held a seminar discussing post-regulation challenges, including security, taxation, and sporting integrity. Key industry figures emphasized the sector's economic and social benefits, advocating against any moves towards prohibition. They highlighted the importance of a well-regulated market for job creation and tax revenue.

    Chile casino tender leaves investors cold

    Chile's Superintendencia de Casinos de Juego (SCJ) saw a disappointing outcome in its latest casino licensing round, with only two of five concessions attracting qualifying bids. Major cities like Pucon, Coquimbo, and Puerto Varas received no offers, highlighting a lack of investor interest in the current tender conditions. This suggests potential issues with Chile's regulatory framework or market attractiveness for casino operators.