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Compliance Updates

Gambling.com Group Approved to Provide Sports Betting Services in Colorado

George Miller

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Gambling.com Group Publishes Q2 2020 Interim Report
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The U.S. subsidiary of Gambling.com Group Plc, KAX Media America Inc, has completed the application process and has been approved by the Colorado Limited Gaming Control Commission to provide marketing services to licensed gaming operators in the state.

“As more states move to legalize sports betting, we will be there in each state to ensure bettors are aware of the differences between locally regulated and offshore options,” said Charles Gillespie, Chief Executive of Gambling.com Group. “Whether you’re a Broncos, Rockies, Avalanche or Nuggets fan, our team of journalists, analysts and handicappers will give Colorado sports fans the best chance to beat the sportsbooks in what will surely be one of the most exciting sports betting markets in America.”

With four major professional sports teams, 33 land-based casinos and more than 5 million residents, the foundation is in place for Colorado to become a leader in the regulated American market.

Max Bichsel, VP, US Business at Gambling.com Group adds, “Colorado has the opportunity to be a gold standard for other states looking to establish a legal, regulated sports betting market in 2020 and beyond. With broad support for mobile betting, a reasonable tax rate of 10%, and an open, free-market approach, sports betting companies will bring the best sports betting products and experiences to Colorado.”

Since the Professional and Amateur Sports Protection Act (PASPA) was overturned in May of 2018, Gambling.com Group has been granted regulatory approval to offer its services to operators in Indiana, New Jersey, Pennsylvania and West Virginia. Colorado became just the second state to legalize sports betting by ballot measure – after Arkansas – when Proposition DD was approved by voters in November.

 

For more information on Colorado’s legal sports betting market visit: https://www.gambling.com/us/colorado.

 

SOURCE Gambling.com Group Plc

Compliance Updates

Solverde Group Secures Online Sports Betting Licence in Portugal

Niji Narayan

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Solverde Group Secures Online Sports Betting Licence in Portugal
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Solverde Group has secured online sports betting licence in Portugal. The new licence will enable Solverde to accept online sports bets through its Solverde.pt website.

Solverde, which operates five land-based casinos across Portugal, also holds an online casino licence in the country, offering a range of casino-style games via Sasinosolverde.pt.

The new licence comes after the national regulator Serviço de Regulação e Inspeção de Jogos (SRIJ) last month revealed that online gambling revenue drastically increased under lockdown.

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Central Europe

Berlin Interior Minister Andreas Geisel Approves German State Treaty

Niji Narayan

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Berlin Interior Minister Andreas Geisel Approves German State Treaty
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Berlin’s Interior Minister Andreas Geisel has approved the federal regulatory framework for gambling, clearing the way for the city mayor Michael Müller to sign the legislation.

Minister approved the current draft of Glücksspielneuregulierungstaatsvertrag (GlüNeuRStV) at the Berlin Senate hearing on September 15. However, it must now be presented to the city’s House of Representatives to be ratified by the Berlin parliament. The GlüNeuRStV must go through this process in each of Germany’s 16 states, and be signed by the head of state, and ratified by its parliament. In total, 13 of the 16 states must approve the legislation for it to come into force as planned from 30 June 2021.

However, states will begin to implement the Treaty from 15 October this year, under a transitional regime in which operators will be permitted to offer online sports betting, poker and slots.

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Compliance Updates

Sweden’s Spelinspektionen to Ban Betting on Sporting Violations

Niji Narayan

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Sweden’s Spelinspektionen to Ban Betting on Sporting Violations
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Spelinspektionen, the Swedish gambling regulator, is going to implement a ban on betting on sporting violations, including yellow and red cards, free kicks and penalties in football from 1 January 2021.

The regulator will also ban betting on all but the top four divisions of football in Sweden (Allsvenskan, Superettan, Division 1 Norra and Södra) and the six regional Division 2 leagues as well as on under-21 internationals. Betting on the individual performance of players aged under 18 will also be banned in all sports played in Sweden.

“Football is a high-risk sport when it comes to match-fixing and there are special risks with low divisions. Surveillance is poorer and practitioners do not make money from their sport. The Swedish Gambling Authority has therefore chosen to place special emphasis on football and has taken into account views received from the consultative bodies,” Spelinspektionen said.

Gustaf Hoffstedt, secretary general of online gaming operators’ association Branschföreningen för Onlinespel (BOS), criticised the move as political, claiming it was designed to appease the National Athletics Association, Swedish Football Association and politicians rather than enforce regulatory good sense.

He said: “Spelinspektionen claims to have found a well-balanced point between different interests but there is no balanced point in this matter. Either you believe restrictions for licensed companies lead to reduced match-fixing [or not].

“In that case, I wonder why Spelinspektionen can be content with these relatively peripheral restrictions. In that case, the only responsibility would be to impose restrictions on almost everything if one is so convinced that they have a positive effect.

“The Swedish Gambling Authority is often blamed for a lot of things when in fact it is the government that is to be held accountable.

“This case is unique however in that it is the SGA itself that has chosen to impose the restrictions and this without any analysis of their effect. This, of course, damages SGA’s reputation.”

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