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PayPal Introduces New Software to Help Block Gambling Transactions

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PayPal Introduces New Software to Help Block Gambling Transactions
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PayPal, one of the largest and most popular online payments services, has recently adopted new software to help give customers better control over their gambling habits. The software, developed by Gamban, allows users to set up a block to prevent their accounts from being used for gambling transactions. This move comes not long after the UK banned gambling sites from accepting credit card payments.

PayPal is widely used around the world, processing over 3 billion transactions a year, with a value of $311 billion US dollars. While the majority of these are for online shopping and other online purchases, the service is also used on gambling platforms. PayPal has become a popular way of making deposits and withdrawals at online gambling sites, as it’s fast, safe and easy to use. Users can create an account, add funds from their bank or card and then make simple online payments.

Because of how popular it is all over the world, most online gambling services accept payments made using PayPal. It’s used international, so a wide range of the best online casinos and sports betting sites offer support for PayPal payments. Most iGaming platforms advertise this fact to their users, letting them know they can sign up and easily make a deposit to start playing.

Why Does PayPal Allow Users to Block Gambling Transactions?

Although gambling is fun for most people, it can become a habit and even an addiction. There has been a strong push lately for iGaming sites to encourage responsible gaming, as well as offering support for those with a problem. Most iGaming licence providers will only offer licences to sites that protect players and encourage them to gamble responsibly.

One of the most effective ways of encouraging responsible gambling is giving users the ability to block transactions. Most sites will offer deposit limits that allow players to set how much they’re allowed to deposit each week or month. In addition, the UK recently banned all gambling sites from accepting payments from credit cards.

In 2019, PayPal reviewed its services and found that a significant percentage of transactions were used for online gambling. While this wouldn’t normally be an issue, the review also found that a lot of these transactions were linked to problem gambling. As such, it partnered with Gamban, a software provider, to introduce an automatic blocking system.

PayPal users can now go into their settings and set the service to automatically block all payments made to an iGaming site. This allows anyone with a gambling problem to easily refrain from adding funds to a gambling site if they’re trying to recover. In a statement, Gamban announced that the move was a welcome one that, along with self-exclusion and support, would give players a better chance of recovery.

What Does This Mean for the Future of iGaming Payments?

With gambling authorities such as the UK Gambling Commission now paying close attention to responsible gambling, iGaming sites need to be more mindful of what payments they offer and how they treat players. Additionally, payment services themselves need to consider the impact of allowing unrestricted gambling payments.

As software solutions improve, payment providers have more options that allow them to give players control over their spending habits. This software can automatically detect if a payment is made at any kind of gambling site, including those that are gambling-related. Users can set it to block transactions at gambling tip sites or other sites involved in iGaming.

Other payment services may also follow suit over the coming months and years, with most payment providers also wary about being associated with problem gambling. The more payment services that get on board, the better, as problem gamblers will be able to control their habits more easily and avoid falling into debt. 

Compliance Updates

ELA Games obtains the MGA Recognition Notice

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ELA Games is delighted to announce that it has been authorized by the Malta Gaming Authority. Marking the beginning of our expansion into select global markets in collaboration with MGA.

ELA Games continues its strategic expansion in Europe and it is another major step in its ability to access distribution and commercial partnerships with companies based in the iGaming hub of Malta.

Mike Cini, Business Owner at ELA Games, commented: “We’re delighted to have obtained our MGA Recognition Notice as it is another major milestone in our regulatory expansion. Malta is the leading iGaming hub in Europe and being authorized there will enable us to work even more closely with our operators and bring player engagement to the next level for our partners.”

ELA Games focuses on producing high quality products that are stacked with gamification features, quality design and animation. Recent releases include Vikings Wild Cash and Lucky Dwarfs. They have already received amazing feedback from operators and players and the studio looks forward to signing more partnerships and launching more games in the coming months.

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World Archery Teams Up with FeedConstruct on Betting Rights Deal

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Breaking Boundaries! FeedConstruct, a leading provider of sports data solutions, is thrilled to announce its groundbreaking partnership with World Archery, marking the first-ever exclusive betting data and video partnership for the esteemed international federation.

According to this partnership, FeedConstruct obtains the worldwide exclusive rights to the Betting Data Collection and Betting Streaming for various archery disciplines, including Target Archery and Indoor Archery.

We are proud to announce our groundbreaking partnership with World Archery,” stated Narek Harutyunyan, Head of Content Acquisition of FeedConstruct. “Through this collaboration, we aim to elevate the popularity of archery as a betting market, providing accurate data insights for an enhanced fan experience. This partnership marks a significant milestone for both FeedConstruct and World Archery.”

The partnership encompasses the Recurve and Compound bow styles and captures the thrilling action from archery matches featuring the world’s notable athletes, such as Kim Woo-jin (South Korea), An San (South Korea), Mete Gazoz (Turkey), Deepika Kumari (India), Brady Ellison (United States), Mike Schloesser (Netherlands), Sara Lopez (Colombia) and many more.

As part of this partnership, FeedConstruct will cover hundreds of archery matches per year across a wide range of events, including the Hyundai Archery World Cup, Hyundai World Archery Championships, continental championships, and many more international and regional events. This extensive coverage will contribute to the growth of archery as a betting market and provide an engaging experience for fans worldwide.

“We’re thrilled to have agreed archery’s first-ever data partnership with Feedconstruct,” said World Archery President Prof Dr Ugur Erdener. “This cooperation will ensure that the sport’s international betting market is properly monitored and helps to fund the athlete education programmes that keep fair play at the heart of archery’s competition values.

Archery is a sport practiced and enjoyed worldwide with a rich history and global appeal. Talented athletes from around the globe compete at World Archery’s major tournaments and multisport events like the Olympic Games, where the sport first featured in 1900.

South Korea is widely regarded as the world-leader in Recurve archery, having secured an impressive 27 out of 39 gold medals on offer at the Olympics since 1984, while China, India, and Mexico are among the nations delivering regular results on the international stage.

FeedConstruct is excited to leverage its expertise to enhance the archery betting experience, offering accurate and reliable data insights for informed decision-making.

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Gaming

Gambling Business Group bring land-based experts to ICE Hub

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Cross-sector strategic body, The Gambling Business Group, has outlined a timetabled programme of land-based gaming expert insights which will be delivered from the GBG Hub at February’s edition of ICE – the world’s largest business-to-business gambling show.

Taking placing across the opening two days of ICE, the list of topics and experts confirmed to date includes sessions dedicated to Age Verification (Tony Allen: Age Check Certification Scheme), Compliance (Howard Gant: IHL Smart Hub), Data Protection (Richard Dutton: Elias Partnership), Licensing (David Lucas: Lucas Licensing), Responsible Gambling (Kirsty Caldwell: Betsmart Consulting), Security (Jim Leitch: Link Integrated) and Technical Standards (Rob Wheeler of RBW Systems: Gambling Business Group).

The Gambling Business Group Executive Team is working in partnership with the Institute of Licensing, the professional body for licensing officers to develop a GBG tailored programme on Thursday 8 February, the last day of ICE.

Peter Hannibal, co-founder and Chief Executive of The Gambling Business Group, said: “The 2023 edition of the Hub was a tremendous success enjoyed by members and non-members alike. We want to build on that platform for ICE 2024 and have been consulting with our members about enhancements and improvements to their ICE experience. The list of topics that we will be covering from the Hub at ICE is a product of those discussions. This is not a complete list and we envisage adding new sessions and experts as we get closer to the exhibition opening on 6 February making the GBG Hub at ICE an invaluable resource and meeting place for land-based operators.”

Registration to attend what will be the last edition of ICE held in London prior to its relocation to Barcelona in 2025, has opened. The free exhibition pass to be part of what will be an historic edition of the world’s largest and most international gaming expo can be secured at https://ice.reg.buzz/step/1?ticket=exhibition-pass.

ICE Visitors can arrange a specific slot to meet the experts by contacting amanda@gamblingbusinessgroup .co .uk

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