Regulated operators back Brazil’s crackdown on prediction betting platforms
Industry bodies and legal experts support Government move, citing risks of illegal activity, unfair competition and lack of consumer safeguards
Industry bodies and legal experts support Government move, citing risks of illegal activity, unfair competition and lack of consumer safeguards
Several personnel have exited the company amidst operational changes.
Several operators are included in the review, namely CoinToss, Kaprifol, Mr Green and Mr Vegas.
By educating local politicians, the regulator hopes to improve the response against unauthorized operations around the country.
Entain CEE will combine its proprietary trading expertise with Huddle’s modelling and automation capabilities.
Government says campaign targets entire criminal networks through arrests and tougher legislation.
Authorities said the unlicensed platforms lacked age verification systems and in some cases, failed to pay out winnings, as Argentina faces growing scrutiny over youth exposure to offshore betting sites.
Turkish authorities are reportedly considering tougher sanctions for individuals involved in illegal gambling, including the possibility of prison sentences. This policy could well deter black-market activity... or be considered too extreme. So how exactly did we arrive here?
The new Player Protection and Research Unit comes as Kenya overhauls its gambling laws, with stricter licensing rules, tougher penalties and closer scrutiny of mobile betting behaviour.
Government panel backs draft framework but urges caution over constitutional concerns.