gambling
🙈Brazil🇧🇷: regulatory loophole allows illegal betting sites to withdraw funds even after blocks Paid Members Public
🙈Brazil🇧🇷: regulatory loophole allows illegal betting sites to withdraw funds even after blocks These platforms use payment institutions (IPs), which do not require authorization from the Central Bank to move funds. ▶️What’s the key issue? 👉Under current regulations, a payment institution requires official authorization from the Central Bank only
😳Kazakhstan🇰🇿: criminal cases launched against influencers promoting online casinos Paid Members Public
😳Kazakhstan🇰🇿: criminal cases launched against influencers promoting online casinos Authorities state that fines alone are insufficient to deter repeat offenders who break the rules. Therefore, the regulator is considering classifying such actions as facilitation of illegal gambling. This interpretation would allow the application of laws similar to those prosecuting pyramid
😳Peru🇵🇪: Gambling industry pressures regulator, demands multimillion-dollar tax refunds Paid Members Public
😳Peru🇵🇪: Gambling industry pressures regulator, demands multimillion-dollar tax refunds One year ago, the government enacted Legislative Decree No. 1,644, extending the selective consumption tax (ISC) to online casino and sports betting operators. While the measure was initially welcomed, the regulator has now decided to review and amend the regulation.
😳India🇮🇳: Cabinet approves bill banning real-money online betting and slots Paid Members Public
😳India🇮🇳: Cabinet approves bill banning real-money online betting and slots The new regulation aims to criminalize operators, advertisers, and financial intermediaries linked to gambling. Ministers have attempted to distinguish gambling from e-sports and casual games, albeit with caveats. ▶️The bill defines “real-money online game” as any digital game requiring a
😱Ghana🇬🇭: regulator introduces mandatory biometric verification for all forms of gambling Paid Members Public
😱Ghana🇬🇭: regulator introduces mandatory biometric verification for all forms of gambling The Ghana Gambling Commission (GCG) has given operators 14 days (from receipt of written notice) to submit a compliance plan and 16 additional days to integrate the required tools into their operations. ▶️Ghana’s national ID card is now
😱Once in Latam: most gambling companies published their Q2 results Paid Members Public
😱Once in Latam: most gambling companies published their Q2 results In short, Brazil🇧🇷 and Mexico🇲🇽 are leading, while Colombia🇨🇴 and Peru🇵🇪 face challenges due to tax pressures. ➡️In Brazil, gambling and betting have been regulated for 8 months, and so far things are progressing smoothly. It is currently the fastest-growing
⚡️Gambling in the Netherlands: review of license holder data on the agenda Paid Members Public
⚡️Gambling in the Netherlands: review of license holder data on the agenda The Dutch Gambling Authority (KSA) has strengthened oversight of the Central Database (CDB), which stores information on licensed gambling operators. ▶️The goal is to tighten compliance checks. ▶️Context: gambling and betting in the country are regulated by the
🙈Philippines🇵🇭: Central Bank prepares new rules for online gambling Paid Members Public
🙈Philippines🇵🇭: Central Bank prepares new rules for online gambling The regulatory push continues. This time, it targets e-wallets, banks, and other financial service providers, who must remove within 48 hours any links or icons in their apps that redirect users to online gambling platforms. ▶️Context: These restrictions mainly aim at