The Swedish gambling regulator has ordered Betfair to pay a penalty fee of SEK4m for offering betting on Under-21s football matches.
Spelinspektionen said the violation, which breaks regulations around betting on only the top four leagues in Sweden, was “serious” and “occurred systematically”.
Betfair has also received a warning from the regulator after its investigation found that it offered betting on a total of 148 U21 Allsvenskan matches during 2021 and 2022.
Swedish customers spent a total of SEK1.1m on betting on 139 of the matches, with Betfair earning SEK5354 in revenue.
Betfair said in response that it has implemented measures to ensure such breaches of the regulations do not happen again, including blocking all betting on Swedish football except for the top two leagues.
South Australia: Gambling Report Urges Primetime Ad Ban
South Australia has banned gambling ads on television from 4 pm to 7:30 pm, now a parliamentary inquiry has concluded Victoria should do similar.
The Public Accounts and Estimates Committee (PAEC) is urging the state government to consider stricter rules on gambling ads during primetime broadcasts and in public places.
“More appropriate regulations and safeguards are needed to protect Victorians, especially our children and young people,” Committee Chair Sarah Connolly said.
The report also urges the government to consider the impact of reducing the total number of electronic gaming machines across the state and update education resources for school students about gambling and alcohol-related harms.
“Our culture has often been described as one that tends to normalise both drinking and gambling,” Ms Connolly said.
“The Committee heard evidence to suggest that this has become more entrenched than ever, with the rise in social media and digital technology.”
Over eight months PAEC reviewed three Auditor-General’s reports relating to the regulation of gambling and liquor, and reducing the harm caused by gambling.
“Our report’s 96 findings and 61 recommendations have been informed by 54 public submissions, three days of public hearings, a Geelong site visit and a youth roundtable,” Ms Connolly said.
Videoslots Granted Key Cyber Security and Privacy Protection Certification
Leading operator awarded ISO 27001 recognition
Online operator Videoslots has attained the ISO 27001 certificate, ensuring the highest level of data protection for its clients and partners in response to the evolving landscape of cybersecurity threats.
In its pursuit of the certification, Videoslots embarked on a comprehensive project including a rigorous assessment of its current security measures and the development of its Information Security Management System (ISMS).
With the importance of safeguarding sensitive information paramount for companies worldwide, Videoslots has now elevated its security protocols to ensure the utmost protection of its data.
The recognition of achieving this standard means that Videoslots and its associated brands have successfully met all the stringent international standards for its ISMS and demonstrates the company’s ability to identify, manage and mitigate information security risks whilst adhering to legal and regulatory requirements.
“By attaining the ISO 27001 certification, we are keeping our data at the highest level of security, reinforcing trust in our brand and bolstering our competitive advantage,” the Chief Technology Officer for Videoslots, David Alamango, said. “It also places us in an elite group of organisations that have made the security of sensitive information a top priority.
“Furthermore, ISO 27001 provides a solid foundation for us to innovate and expand our technological capabilities as we continue to push the boundaries of what is possible.”
Vixio PaymentsCompliance Forms Executive Advisory Board
Vixio PaymentsCompliance, a provider of regulatory intelligence to the global payments industry, has held the first meeting of its newly formed Executive Advisory Board. Vixio established the Board to gain expert insight from a cohort of customers across the tech and compliance ecosystem to inform its product development and address challenges shaping the payments industry.
Chaired by Roseanne Spagnuolo, Vixio’s Chief Product Officer, the Board is composed of 10 senior executives and advisors from different segments of the industry, providing diverse perspectives on the market intelligence needs of legal and compliance professionals, strategic and corporate development leaders, and regulatory or government affairs executives.
The founding board members include:
- Jana Breitkopf, Managing Director, Mercedes pay USA
- Georg von Brevern, SVP Compliance and Regulatory Global, SumUp
- Amy Bobrow, Global Regulatory Compliance and Operations, Mastercard
- Sylvie Calsacy, Global Head of Public and Regulatory Affairs, Worldline
- Nikki Eagers, VP, International Payments Risk and Compliance, Elavon / US Bank
- Ronnette Grant, Global Chief Compliance Officer, Google
- Charles Grech, Interim Chief Executive Officer, Truevo
- Ori Kissos, Director of Global Regulatory Compliance and MLRO, Tipalti
- Johanna Vikström, Chief Risk and Compliance Officer, Trustly
- Alison Wheatley, Global Head of Risk and Compliance, Thredd.
“Vixio has earned a reputation over 15 years for the strength of our content and value of our services. The formation of the Payments Executive Advisory Board will enable Vixio to receive unique input from industry experts to help us develop cutting-edge products and content, to support global compliance teams at a time of increasingly complex regulatory change,” Mike Woolfrey, CEO of Vixio, said.
“The PaymentsCompliance Executive Advisory Board will help facilitate a collaborative approach to designing regulatory solutions that directly meet industry needs in an increasingly global payments landscape. We look forward to sharing our collective knowledge and expertise to support the delivery of innovative regulatory tools and content which will help businesses remain at the forefront of their industry in a transparent and compliant manner and in turn better serve their customers,” said Nikki Eagers, VP, International Payments Risk and Compliance, Elavon / US Bank.
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