The Malta Gaming Authority (MGA) has published its licensee guidance on the ‘impact of the UK’s exit from the European Union’. Updating stakeholders, the MGA details that its Brexit guidance solely relates to affairs within its regulatory remit and that licensees should be aware of further business consequences resulting from Brexit. The MGA advises licensees to review UK and EU …
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The International Betting Integrity Association (IBIA) has submitted its response to the European Commission (EC), in relation to the state of Lower Austria drafting its ‘Sports Betting Act’ which seeks an assessment on compatibility with European Union laws. Last August the executive of Lower Austria, published its draft legislative mandate seeking to comprehensively revamp its state wagering laws, that have …
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In the third of a series of columns on international gambling legislation, GVC’s Director of Regulatory Affairs Martin Lycka ruminates on the development of the online gambling market in Germany. __________________ Once upon a time, there were sixteen kings in a land in the heart of Europe. The land’s credo was thou shalt not gamble online. Nevertheless, the kings’ subjects …
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Industry trade body the European Gaming and Betting Association (EGBA) has reiterated its call to European policymakers to introduce a binary of rules for the online gambling sector, in the wake of a new study presented to the European Parliament’s ‘Internal Market and Consumer Protection Committee’. The EGBA continues its mandate supporting a European cross-border online betting agenda, detailing that current regulatory conditions …
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In the first of a series of columns on international gambling legislation, GVC’s Director of Regulatory Affairs Martin Lycka takes a look at the history of gambling law and identifies the key elements that link the most successful regulations. When I joined the online gambling industry ten years ago one of the ultimate regulatory goals was to convince the European …
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iovation, the TransUnion owned fraud prevention and authentication solutions provider has published a critical report developed in partnership with consumer research advisory Aite Group titled “PSD2: Advent of the new payments market in Europe.” The report incorporates original research and analyses on the consequences for the global online payments and its wider stakeholders on the revised provisions of the European Union Payment Services Directive (PSD2). …
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With Brexit factors and implications on the minds of all UK business stakeholders, Matt Harrod, VP of Europe at Processing.com examines whether interchange rates and PSD3 are the least of the gaming/betting industries worries… ___________________ Everyone should probably be aware by now that the UK is due to leave the European Union at 11pm on Friday 29th March 2019, deal or …
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Maarten Haijer, Director General of the European Gaming & Betting Association (EGBA), has urged European Union policymakers to push for the development of a common rulebook on online gambling protections, standards and safeguards. Writing a guest post on EU news source Politico.eu, Haijer reaffirms EGBA’s position that a reported +12 million European online gambling consumers are being underserved by inconsistent …
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Seeking to expand its regulatory frameworks for new technology disciplines, the Italian Senate Committee for Corporate Affairs has approved the nation’s first blockchain focused legislative directives. The draft mandate aims to deliver an initial legislative framework for technologies and IT systems, which operate financial transactions/engagements/exchanges through decentralised registries, ledgers or crypto-based protocols. Developing its first legislative proposals, the Italian Senate …
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The UK Gambling Commission (UKGC) begins 2019’s legislative agenda publishing its industry guidance on ‘preventing money laundering and combating the financing of terrorism – (fourth edition)’. The UKGC’s report is led by the recommendations of the Financial Action Task Force (FATF), a European Union inter-governmental body responsible for setting international standards on anti-money laundering (AML) and counter-terrorism financing (CTF) frameworks and …
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