Latest News
Bet B2B: Jurisdictions in the gambling business – how to choose?
Online Gambling Control Jurisdiction is specifically established legislation in the regions of the world that allows the regulation and issuance of licenses to companies that operate online gambling and betting sites or develop and supply iGaming software. “These jurisdictions typically have organizations responsible for regulating and regulating licensing activities that provide licensing for consumption,” BetB2B noted.
In order to obtain a iGaming license issued by the relevant licensing authority, it is usually required that the site perform at least part of its activities within a particular jurisdiction.
Such licensing authorities usually screen companies applying for funding. Including verification of their financial activities, business model, security system, fair play controls and participation in anti-money laundering and anti-terrorist financing measures.
When choosing a jurisdiction for an iGaming startup, one of the most important aspects to consider, according to BetB2B experts, is the regulatory framework.
- Choosing a jurisdiction with a well-developed and transparent regulatory framework is essential as it ensures that business is conducted legally and ethically. This helps maintain compliance and builds players and stakeholder confidence.
Another important factor is the tax treatment offered by the jurisdiction. Some jurisdictions provide for more favorable tax structures for iGaming, resulting in lower costs and increased profitability. By choosing such a jurisdiction, startups can allocate resources more efficiently and maximize their financial benefits.
In addition, it is critical to consider the size and growth potential of the iGaming market in a particular jurisdiction. Choosing a jurisdiction with a large and expanding iGaming market gives startups the opportunity to grow their player base and expand their business operations over time.
“Jurisdictions often considered attractive for iGaming startups include Malta, Gibraltar, Curaçao and the Isle of Man”, BetB2B notes. “These venues offer a combination of favorable conditions that make them an attractive choice. However, it is important to conduct a comprehensive study and carefully assess the specific needs and goals of a business before finally deciding on a jurisdiction.”
BetB2B: Types of jurisdiction in the gambling business
There are several types of jurisdictions in which iGaming can be carried out. Among them:
- Licensed jurisdictions, in which the iGaming business is regulated and controlled by government agencies. They usually offer stability and reliability, but require strict adherence to license terms and conditions.
- Offshore jurisdictions, offering more flexible regulation and taxation, but at the same time with a lower level of stability and reliability in terms of legal protection.
- Jurisdictions with special conditions. Some jurisdictions offer iGaming businesses special tax breaks or permits for certain activities.
Each jurisdiction has its own unique features that may influence the choice for your iGaming business. Different countries have their own gambling laws. Some of them may have tougher legislation while others may be more loyal to the industry.
BetB2B notes that jurisdictions offer different tax rates and benefits for the iGaming business, and therefore can significantly affect your profitability. Online gambling control jurisdiction is a specially established legislation in the regions of the world. This legislation requires iGaming companies to obtain the appropriate licenses for their operations. These jurisdictions typically have organizations responsible for the regulation and regulation of licensing activities that provide licensing for consumption.
Gambling Jurisdiction Guide: BetB2B reviews
An important factor in choosing a jurisdiction is its reputation in the iGaming industry, which can inspire more confidence among clients. BetB2B, which has been one of the leaders in the market for providing ready-made solutions for business development in the field of betting and gambling for more than 12 years, has studied in detail the most requested jurisdictions by clients.
1. Europe
European jurisdictions such as Malta and Gibraltar are popular choices for iGaming due to their developed legislation, stability and tax incentives.
Choice factors: Reputation, availability of licensing, taxation, legal protection.
2. USA
The US has recently opened up an iGaming market in some states such as New Jersey and Pennsylvania. It is possible to obtain a license and work in a highly regulated environment.
Choice factors: State legislation, market potential, competition, taxation.
3. Asia
Some countries in Asia, such as the Philippines and Macau, have developed betting and gambling industries and offer favorable business conditions.
Choice factors: Regulation, licensing availability, market potential, cultural differences.
4. Africa
African countries such as Kenya and South Africa have a growing gambling market and offer very lucrative business opportunities.
Choice factors: Legislation, taxation, market potential, stability.
5. MANA (Marshall Islands, Anguilla, Niue, Ascension, Montserrat)
These islands offer special conditions for the gambling business, including tax incentives and flexible regulation.
Choice factors: Taxation, reputation, stability, availability of licensing.
BetB2B experts note that the choice of a particular jurisdiction can be important as it affects the taxation, regulation and legal protections available in a given area of activity.
Therefore, when starting a gambling or betting business, it is important to consider the various jurisdictions in which you can operate in order to maximize the success of your enterprise.
Once you have decided on such a jurisdiction, issued a license and are ready to launch your gambling website, it is worth finding a software provider that will help you create a quality and service.
BetB2B – IT-services for iGaming
BetB2B has been providing IT services to iGaming companies for 12 years for business development. BetB2B is a platform that offers a wide range of services in the betting and gambling industry, including software development and integration, payment processing, marketing and others.
For the convenience of the client and providing guarantees for the successful launch of the project, the company also undertakes to help you choose the right jurisdiction for you to start the iGaming business.
“BetB2B works with companies in various jurisdictions, including Europe, the USA, Asia, Africa and the MANA Islands”, the company’s experts comment. “Our knowledge and many years of experience in the field of requirements and conditions of each jurisdiction help to accurately choose the most suitable option for the client. After all, our goal is not just to launch your gambling business, but also to guarantee the absence of legal problems during work.”
To become a BetB2B client, simply fill out an application on the website bet-b2b.com and wait for a call from the responsible manager.
Latest News
7-Eleven selects Jackpot.com as their official lottery partner
Online Lottery Courier Service Jackpot.com Announces Exclusive Collaboration with 7-Eleven, Inc.
Jackpot.com will serve as the official lottery courier service of 7-Eleven, Inc., initially launching in Ohio and Massachusetts
Jackpot.com – the online lottery courier service that allows consumers to purchase official state lottery tickets on their phone, tablet, or computer – announced today an exclusive collaboration with 7-Eleven Inc., the largest convenience store chain in the world, to serve as their official lottery courier service.
As part of the collaboration, 7-Eleven customers in Ohio and Massachusetts will be able to sign up and play lottery games and scratchers on the Jackpot.com app or website. The program will initially be launched in over 600 7-Eleven and Speedway stores in Ohio and Massachusetts, with a special launch promotion that gives 7-Eleven customers a free lottery ticket on their first deposit by using promo code, “7Eleven”.
“We’re thrilled to work with 7-Eleven, the leading retailer of lottery tickets in the country,” said Akshay Khanna, CEO and co-founder of Jackpot.com. “Leveraging our technology and innovation, we can provide additional convenience for their customers, while adding an additional source of revenue. A true win-win relationship for all.”
By launching in Ohio and Massachusetts in 2023 and 2024, respectively, Jackpot.com aims at adding another avenue for player convenience with one of the most widely recognized brands in the convenience-retailing space. With a presence in Ohio, the nation’s seventh-largest lottery market, and Massachusetts, whose state lottery produced $1.2 billion in net profit for the Commonwealth during the 2024 fiscal year, Jackpot.com’s collaboration with 7-Eleven represents an added layer of accessibility for players.
Jackpot.com remains committed to responsible play and has significantly invested in protocols by allowing customers of legal age to set spend limits and limits on daily deposits, all while providing access to local and national responsible gambling resources, self-exclusion, self-suspension and automated notifications that offer help should problematic behavior be detected. Jackpot.com is also the only lottery courier service to launch with an iCap certification from the National Council on Problem Gambling.
To learn more, visit jackpot.com. First-time users can also download the official Jackpot.com Lottery App on the iOS or Android App Stores, where available.
eSports
The World Esports Summit 2024 Is Here!
The IESF World Esports Summit returns this December to Busan, South Korea. Hosted at the Busan Esports Arena (BRENA) from December 5-6, the Summit will bring together prominent figures from Esports, global brands, government officials, and sports executives for a deep dive into the current Esports trends, its rapid transformations, and future challenges.
This year’s theme, “Building Bridges, Not Barriers, Through the Power of Esports,” will highlight the role of Esports in uniting cultures, ideas, and industries. Under the slogan “We Empower Success,” the
Summit provides a great platform for Esports experts to engage in meaningful discussions and sessions, sharing their insights on trends and presenting forward-looking ideas for our industry.
The event, strategically timed at the close of the competitive season, presents a perfect environment for reflection on the year’s biggest events, industry shifts, and the next steps for Esports. Attendees can follow the expert’s perspectives on topics like:
- (R)Evolution in Esports
- East Meets West
- Esports Integrity: The Role of Referees
- The Rise of International Esports Competitions
- (In Korean) Korea’s Secret Sauce etc.
Also, featured at this year’s event are the IESF World Esports Training Camp and the World Esports Referee Academy.
These are very important IESF programs that are aimed at advancing the skills and professional standards of the next generation of Esports leaders.
Join us in Busan for two days designed to inspire, connect, and empower the international Esports community.
Registration for the World Esports Summit is free and open to all interested attendees.
To register, please complete our online registration form: iesf.formstack.com/forms/wes2024_participation_registration
See you in Busan!
eSports
Akhil Sarin CMO at Easygo named as key note at ICE Esports Conference
Clarion Gaming has confirmed that Akhil Sarin CMO at Easygo, the technology powerhouse behind the success of global brands Stake and Kick will headline the Esports & Games Conference (EGC) taking place on 21 January as part of the ICE Barcelona experience. As a key member of the executive team, Akhil Sarin has been instrumental in securing the high-profile partnerships that have accelerated Stake’s growth, including the Stake F1 team, UFC, Drake, and Premier League Everton FC.
Through these strategic alliances he has amplified Stake’s brand presence at the same time as creating unique, immersive player experiences, in the process setting new industry benchmarks.
Announcing the high profile speaker Will Harding, Head of Esports at Clarion Gaming said: “Securing Akhil Sarin as EGC key note at ICE Barcelona represents a remarkable opportunity for our attendees to gain invaluable insight into cutting-edge strategies in digital and influencer marketing .
“Akhil’s expertise with Stake and Kick.com embodies the forward-thinking, innovative approach that defines the digital marketing landscapes. His participation underscores the calibre of knowledge-sharing that we are committed to delivering at ICE and he is sure to both inspire our attendees and elevate their strategic perspective.”
Looking ahead to ICE Barcelona, Akhil Sarin stated: “Collaborating with Clarion Gaming at ICE Barcelona is an exciting opportunity to showcase Stake’s journey and continued focus on bold partnerships and creative marketing strategies that resonate with audiences.”
He added “The EGC is a vital platform for exchanging transformative ideas and shaping the future of gaming and entertainment. I look forward to discussing Stake’s vision and collaborating with industry leaders to inspire growth and innovation across the sector.”
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