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Compliance Updates

ASA Bans 7 Crypto Ads in the UK

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UK advertisements watchdog has banned seven cryptocurrency ads by categorising them as “red-alert priority”. The banned ads include ones by Coinbase and Papa Johns.

The Advertising Standards Authority (ASA) said its rulings follow proactive monitoring of cryptoasset ads, and form part of a wider project that will eventually shape specific guidance around advertising these products in 2022.

It added that consumers need to know about the risks of investing in cryptoassets and companies should make sure that their ads aren’t misleading or socially irresponsible, and don’t take advantage of consumers’ lack of awareness around these “complex and volatile products”.

A Twitter bio for a cryptocurrency trading platform Coinburp, cryptocurrency promotion by Papa John’s and a digital poster for online cryptocurrency exchange Payward were all banned, mainly for “irresponsibly taking advantage of consumers’ inexperience.”

The Coinburp ad also failed to illustrate the risk of the investment, ASA said.

A YouTube video promoting Exmo Exchange, an in-app ad for Luno Money, a paid-for Facebook ad for Coinbase Europe, along with an ad for eToro were also among the offenders.

“We’ll continue to review cryptoasset ads over the next few months, not just for cryptocurrencies but also for nonfunglible tokens and fan tokens, and this will feed into our future enforcement work and guidance,” the authority said.

“Cryptoassets are a red-alert priority issue for us, so we’re conducting proactive monitoring and interventions where we find issues,” said Miles Lockwood, director of complaints and investigations.

“Our rulings published today and over the next few weeks will shape follow-up enforcement work in the new year to bring all cryptoassets ads into line with our expectations and will form the basis of updated guidance.”

“We won’t hesitate to take action against ads that break our rules. We encourage anyone with any concerns about ads they’ve seen to get in touch.”

Elizabeth Rayment, director at Your Mind Media, said the ban of the crypto-related ads by the UK watchdog “comes as regulators move to set up rules around the crypto industry in general, be it trading or advertising to protect retail users”.

“While cryptocurrencies have gained significant popularity recently they are still unknown to many consumers. The understanding of cryptocurrencies, their financial impact and the risk they involve remains limited among the general public and as such, advertising to them can be seen as concerning.”

Compliance Updates

Stats Perform Retains IBIA Data Standards Accreditation

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Stats Perform, the sports tech leader in data and AI technology, has renewed its accreditation of the International Betting Integrity Association’s (IBIA) Data Standards, following an independent audit by eCOGRA.

In early 2021, Stats Perform was the first sports data business to be awarded the accreditation. The renewal highlights Stats Perform’s unwavering commitment to the integrity and quality of its data, which is used by leading betting operators around the world and helps ensure the accuracy and veracity of sports competitions and the betting markets that cover them.

Stats Perform’s dedication to being the leading supplier of both high-integrity and high-quality sports data is recognised by its clients. Being able to display the standards badge over the past 12 months and now into a second year means Stats Perform’s customers have independent assurance and further sets the business apart in what is becoming a more crowded marketplace.

“Having been a consistent advocate for the highest standards of integrity and quality in sports data, Stats Perform was proud to become the first company to champion and receive the accreditation. To successfully renew the accreditation is testament to the ongoing quality and integrity efforts of our sports data operations teams. Stats Perform’s Betting and Opta sports data is chosen by the world’s leading rights holders, sportsbooks and pricing providers to power exceptional in-play betting experiences for millions of global sports bettors,” Andrew Ashenden, Chief Betting Officer at Stats Perform, said.

“Stats Perform’s successful renewal of the Data Standards accreditation demonstrates the importance of the requirements, and the value betting data providers see in them. This is reflected in the outlook of the IBIA’s membership, which views the Data Standards protocols as an essential initiative and one which has a positive impact on the sports betting environment,” Khalid Ali, CEO at IBIA, said.

“Stats Perform has consistently been dedicated to having a positive influence and impact on the sport integrity ecosystem and its support of the Data Standards accreditation is a key component. In addition to raising standards around data supply, we are proud to be working closely with the IBIA and its members on complimentary projects in intelligence and risk assessment to deepen our commitment to the betting industry and the protection of sport,” Jake Marsh, Global Head of Integrity at Stats Perform, said.

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Compliance Updates

On Air Entertainment powers up in the UK

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On Air Entertainment powers up in the UK
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On Air Entertainment has launched into 2022 on a high by extending its premiere live casino offering to UK players.

The exciting new live casino studio’s debut blackjack release is now live in the UK market, signifying another game-changing milestone in its far-ranging expansion plans.

Streaming live from state-of-the-art broadcasting facilities in Riga, Latvia, multiple English-language blackjack tables are now open for UK bets. Reflecting the company’s customer-first approach to game development, the beautifully designed Standard Blackjack deals up one-to-one game presenter support, along with live support in the user interface.

A handful of online casino operators have immediately taken the game live, with more to follow in the coming days.

Alongside OnAir’s successful blackjack title, live casino fans nationwide will soon be able to step up to the wheel of its eagerly anticipated first roulette release, which is set to spin into action on 24 February 2022.

Adding to this initial core offering, the studio is also on track to bring even more classic and targeted games to UK-facing online casinos and their players in the coming months. Established in late 2020 by a bunch of live casino industry pros with a shared passion for revitalising the sector, On Air Entertainment is continuing its mission of bringing competitive, customer-centric entertainment experiences to operators across key regulated markets.

With the UK market locked in, the company has now set its sights on additional jurisdictions, which will open doors for the growing business.

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Africa

GLI Africa Recognised for 20 Years of Accreditation

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GLI Africa Recognised for 20 Years of Accreditation
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Gaming Laboratories International (GLI®) in Africa has been awarded a certificate of recognition from the South African National Accreditation System (SANAS) for maintaining its continuous accreditation for more than 20 years.

SANAS is recognised by the Accreditation for Conformity Assessment, Calibration and Good Laboratory Practice Act, 2006 (Act No. 19 of 2006) as the sole national accreditation body for providing an internationally recognised and effective accreditation.

GLI Africa is accredited by SANAS for Performance Testing (ISO/IEC 17025) and Inspection (ISO/IEC 17020), and the certificate recognises 20 uninterrupted years of accreditation for Performance Testing.

Devon Dalbock, General Manager of GLI Africa said, “This is a fantastic achievement for GLI Africa and demonstrates the extremely high standards the GLI team in Africa and globally consistently work to. This is also great news for our clients and suppliers looking to certify their products for the South African market. By trusting GLI with their compliance testing requirements, they can be assured of the highest levels of integrity and secure in the knowledge that their products will conform to local technical standards.

“The GLI team in Africa has continued to expand throughout the last 12 months to meet the global demand for GLI services with the introduction of 43 new team members, bringing the total to more than 90. We have also launched the GLI complete suite of Integrated Compliance Solutions, which provides companies of all sizes with the tools they need to comply with their regulatory and technical obligations, all in one place.”

GLI is recognized by accreditation bodies worldwide for accreditations to ISO standards for testing ((ISO/IEC 17025), field inspections ((ISO/IEC 17020), product certification (ISO/IEC 17065) and certification of information systems management systems (ISO/IEC 17021). This global scope of accreditations allows GLI the flexibility to serve our customers 24 days hours a day, seven days a week.

 

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