Archive | December, 2018

UK-facing firms rattled by escalating penalties

David Clifton is quoted in the front-page article of this month’s iGaming Times entitled “UK-facing firms rattled by escalating penalties”. The article focuses on the recent regulatory enforcement action taken by the Gambling Commission against Daub Alderney, Casumo Services and Videoslots for AML and social responsibility failings and the Commission’s resolve to take regulatory action against individuals […]

E-gaming regulation put under the spotlight

The cover feature article of this month’s EGR Compliance 6, entitled “A Blueprint for success”, poses this question:  “At a time when the activities of regulators the world over are coming under increasing scrutiny, would going back to the drawing board with regulation ultimately create a more successful and prosperous e-gaming market?” The article (that can be downloaded […]

GambleAware evaluates self-exclusion schemes and welcomes Barclays’ gambling spend blocking tool

Evaluation of Multi-Operator Self-Exclusion Schemes GambleAware has commissioned Ipsos MORI to conduct an evaluation of the online and each of the non-remote Multi-Operator Self-Exclusion Schemes (“MOSES”). The evaluation will take a phased approach, the first phase of which will focus on: research into overall awareness of self-exclusion, MOSES, and barriers to their use, preliminary research with MOSES […]

Parliamentary inquiry into links between gaming & gambling, loot boxes and eSports

It has been announced that the Digital, Culture, Media & Sport Select Committee is launching an inquiry that will include consideration of the following questions: What are the links between gaming and gambling? What are the effects of in-game spending, especially on children, and does it need stronger monitoring or regulation? What challenges and opportunities do […]

David Clifton comments on matched betting

David Clifton’s comments on matched betting are quoted in a Gambling Compliance article entitled “IBAS Managing Director warns operators of welcome bonus risks” that focuses on remarks made by Richard Hayler, managing director of the Independent Betting Adjudication Service at the Remote Gambling Association’s AGM that gambling operators’ welcome bonuses do “more damage than good to the industry’s reputation”. […]

Consultations published on binary options and spread bets

The Financial Conduct Authority (FCA) is proposing within two consultation papers rules to address harm to retail consumers from the sale of certain complex derivative products including binary options and contracts for differences (“CFDs”). Binary options (i.e. financial products that involve an investor “betting” on whether an event will happen or not) are no longer regulated by […]

UK land-based casinos and Gambling Commission score well in latest FATF evaluation report

The Financial Action Task Force (“FATF”) has published its Fourth Round Mutual Evaluation Report that summarises the anti-money laundering and counter-terrorist financing (“AML/CFT”) measures in place in the United Kingdom as at the date of its assessors’ on-site visit from 5 to 23 March 2018. It analyses levels of compliance with the FATF Recommendations and the […]

“EU Framework for Online Gambling” Manifesto follows critical consumer protection study

The European Gaming and Betting Association (“EGBA”) – the Brussels-based industry body representing leading online gaming & betting operators established, licensed and regulated within the EU – has published a manifesto entitled “An EU Framework for Online Gambling” in which it asks EU policymakers to take action so that: EU citizens have a high level of […]