Tag Archives: football index

UKGC issues feedback notice on licensing and enforcement consultation  

consultation

The UK Gambling Commission (UKGC) has reminded industry stakeholders that its consultation on its approach to licensing, compliance and enforcement policy will close on Wednesday 9 February 2022.  Launched on 17 November, the Commission seeks guidance on its ‘Statement of Principles’ that have led UK gambling’s regulatory policy with regards to risk assessment, licensing operators and key personnel, carrying out …

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Andrew Rhodes’ role at UKGC reportedly set to become permanent

Interim UK Gambling Commission (UKGC) CEO Andrew Rhodes is reportedly set to take on a more permanent role at the regulatory body, according to The Guardian. The newspaper reported that the government has made the decision due to Rhodes’ commitment to cracking down on ‘recidivist behaviour’ by betting and gaming operators, ahead of the publishing of the 2005 Gambling Act …

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Year in Review Part Four – UKGC reaches conclusions and M&A sagas come to a close

The final quarter of the year saw huge news across a range of areas of the international betting and gaming industry, as two major acquisition sagas concluded – with differing results – and the UKGC made a number of important announcements.  In the second half of 2021, the betting sector closely followed a prominent transatlantic development, as major US player …

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Year in Review Part Two: Bidding battle for Hills and legislative backlash in Germany

The second quarter of 2021 saw major developments across the European betting industry, as Germany introduced a new tax regime, British regulators came under increasing scrutiny and a major bidding contest got underway. In Germany, April saw the ratification of the federal Fourth Interstate Treaty on Gambling (GlüNeuRStV) by the Bundesländer of Saxony-Anhalt, following approval by 13 other states.  The …

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Year in Review Part One: Gambling Act review commences and firms count the costs of 2020

As 2021 began, the UK betting sector was fixated with the onset of the review of the 2005 Gambling Act review, the outcomes of which would become clearer as the year progressed. The overhaul of the UK’s regulatory gambling regime did not just catch the eye of industry leaders, however, as Chancellor of the Exchequer Rishi Sunak voiced his concerns …

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UKGC launches consultation on licensing and enforcement principles 

The UK Gambling Commission (UKGC) has this morning launched a consultation seeking feedback on its licensing, compliance, and enforcement policy procedures.  Open until 9 February, the consultation aims to build upon the UKGC’s ‘Statement of Principles’ that have established regulatory policies in relation to – risk assessment, licensing operators and key personnel, carrying out compliance activities and regulatory/criminal enforcement. Feedback …

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APBGG calls for industry action against the UKGC

The All-Party Parliamentary Betting & Gaming Group (APBGG) has extended its inquiry, examining the competencies of the UK Gambling Commission (UKGC) as the regulatory body of British gambling.  The decision follows significant evidence submitted to the group, outlining the seriousness of alleged failings by the UKGC governing the gambling sector. The APBGG launched its inquiry following industry concerns that the …

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UKGC issues public warning on unlicensed Sorare 

The UK Gambling Commission (UKGC) has alerted the public that Blockchain-based fantasy football operator Sorare (Sorare.com) does not carry a UK gambling licence.  The Commission warned players that “any activity completed on the site by consumers in Great Britain is outside of the gambling regulations that a licensed operator should comply with”. Launched in 2018, Sorare is an Ethereum blockchain …

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Rhodes offers UKGC perspective on Football Index enforcement  

Andrew Rhodes, the interim Chief Executive of the UK Gambling Commission (UKGC), has published a video response to the independent review of the collapse of Football Index.  As noted last week, the Commission has established new practices in how it evaluates the risks of novel products recommended by the review and to strengthen its working relationship with the Financial Conduct Authority …

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