Tag #Gambling Regulation

Showing 13 to 16 of 16 results

theguardian.com

🌐 85% Global Worthiness

Feb 12, 22:20

Stake.com Loses UK License Amid Regulatory Concerns

Stake.com, Everton Football Club's sponsor, will lose its UK license by March 11th due to regulatory concerns over its promotions, including one featuring porn actor Bonnie Blue, and previous investigations into cryptocurrency gambling and controversial promotions.

Stake.com Loses UK License Amid Regulatory Concerns

Stake.com, Everton Football Club's sponsor, will lose its UK license by March 11th due to regulatory concerns over its promotions, including one featuring porn actor Bonnie Blue, and previous investigations into cryptocurrency gambling and controversial promotions.

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How did Stake.com's promotional practices and use of cryptocurrency contribute to the regulatory scrutiny and license revocation?

The Gambling Commission's decision to revoke Stake.com's license highlights broader issues within the UK gambling industry, particularly concerning the use of controversial promotions and the ease of cryptocurrency gambling. This action follows previous investigations into Stake's promotions, including one offering a \$10 bet for a \$5,000 wager, and concerns about UK customers using cryptocurrencies despite restrictions. The case underscores the regulatory challenges in overseeing online gambling and the need for stricter controls on marketing and cryptocurrency usage.

news.sky.com

🌐 85% Global Worthiness

Dec 18, 19:12

Illegal Roblox Casinos Shut Down After Sky News Investigation

Following a Sky News investigation, two illegal online casinos, Bloxmoon and RBLXWild, that allowed children to gamble using Roblox logins, permanently shut down after the Gambling Commission took action; a third, BloxFlip, also closed.

Illegal Roblox Casinos Shut Down After Sky News Investigation

Following a Sky News investigation, two illegal online casinos, Bloxmoon and RBLXWild, that allowed children to gamble using Roblox logins, permanently shut down after the Gambling Commission took action; a third, BloxFlip, also closed.

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How did the ease of converting Robux to cryptocurrency facilitate illegal gambling and harm to children?

These illegal casinos exploited Roblox's popularity among children (42% under 13) to facilitate underage gambling. The ease of converting in-game currency to real money, combined with the addictive nature of gambling, led to significant financial losses for some young users. The Gambling Commission's intervention highlights the need for stronger protections.

smh.com.au

🌐 75% Global Worthiness

Jan 30, 13:08

Australia Delays Sports Betting Ad Reform Until After Election

Australia's plan to curb sports betting advertisements has been delayed until after the election due to opposition from media companies, gambling firms, and major sporting codes, jeopardizing the implementation of new gambling regulations.

Australia Delays Sports Betting Ad Reform Until After Election

Australia's plan to curb sports betting advertisements has been delayed until after the election due to opposition from media companies, gambling firms, and major sporting codes, jeopardizing the implementation of new gambling regulations.

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What is the immediate impact of delaying Australia's sports betting advertisement reform until after the election?

Australia's proposed reduction in sports betting advertisements has been delayed until after the upcoming election. This postponement, due to opposition from media companies, betting firms, and major sporting codes, jeopardizes the implementation of new gambling regulations. The initial plan included limiting gambling ads on radio and TV and banning them during live sports and on social media.

abcnews.go.com

🌐 65% Global Worthiness

Dec 5, 01:11

Model Legislation Proposed for Internet Gambling

The National Council of Legislators from Gaming States proposed model internet gambling legislation, suggesting a 15–25% tax rate, a credit card deposit ban, and strict oversight, aiming to standardize regulations across states and generate revenue.

Model Legislation Proposed for Internet Gambling

The National Council of Legislators from Gaming States proposed model internet gambling legislation, suggesting a 15–25% tax rate, a credit card deposit ban, and strict oversight, aiming to standardize regulations across states and generate revenue.

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How does the proposed legislation address consumer protection and responsible gambling, and what is the rationale behind the suggested tax rate?

The proposal, mirroring New Jersey's successful model, promotes consumer protection and responsible gambling practices. It includes deposit limits and a government regulatory agency, addressing concerns surrounding potential harms and ensuring fair play. This standardization aims to prevent a fragmented regulatory landscape.

Showing 13 to 16 of 16 results