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Bet365 Reacts to Paysafe Illegal Online Gambling

BET365 REACTS TO SPOTLIGHT ALLEGATIONS OF UNLAWFUL ONLINE GAMBLING (Update)
 
Ripples from accusations aimed at Paysafe by short seller trigger a response from one of the largest firms in the online gambling industry.
 
Accusations of supporting illegal online gambling conduct aimed at Paysafe earlier this week by alleged Paysafe short-seller, Spotlight Research, have triggered a defensive response from one of the largest operators in the international online gambling industry, Bet365.
 
Part of the Spotlight allegations against Paysafe, an online payments group offering well known online payment vehicles like Neteller and Skrill, involved Bet365 and the Chinese market, and Bet 365 has responded by claiming it has no physical presence in China and is not breaking Chinese laws.
 
Describing the Spotlight claims as “self-serving, misleading and inaccurate”, Bet 365 explained that as a company it takes its legal and regulatory obligations very seriously; is licensed by appropriate regulatory authorities across a range of jurisdictions; and is compliant with all relevant legislation.
 
“There is no legislation which expressly prohibits the supply of remote gambling services into China by operators who are based outside China," the Bet365 statement observed. “Bet365 has no people, assets or infrastructure in China and does not engage any agents, aggregators or intermediaries, for any purpose, in China.
 
“In the view of Bet365, and its lawyers, Chinese law does not extend to the provision of services into China by gambling operators and service providers who themselves have no nexus with the territory.
 
“Accordingly, Bet365 considers Spotlight Research’s analysis of the relevant legislation and statements surrounding the alleged illegality of the provision of remote gambling services into China remotely to be self-serving, misleading and inaccurate.”



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League of Legends Live Odds - This week, Betradar, the premium partner for the betting industry worldwide, has officially launched live odds for League of Legends, developed in conjunction with esports big data specialists DOJO Madness.

JETS Media Traineeship awarded to Shelley Birkett and Jason Kiely - The 10-week RMG – JETS Media Traineeship will cover all aspects of the media, including presentation, punditry, production, digital, marketing and PR.

Comunio in deal with - One of the leading providers of fantasy sport across Europe, Comunio, has kicked off its pre-season build up by signing a transfer deal that will see Sportradar

McGregor’s Odds vs. Mayweather Get Even Shorter - Conor McGregor is still the underdog for his August 26 superfight in Las Vegas with Floyd Mayweather Jr., but his odds are improving. McGregor has shortened from +375 last week to +350 at press time, with Mayweather moving from –550 to –500.

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MLB Odds: Yankees vs. Jays at Rogers Centre - The Toronto Blue Jays (56-61, –14.26 betting units) are moving slowly up the AL Wild Card standings, and they can get closer to the Promised Land by beating up on the injury-plagued Tampa Bay Rays (59-60, –2.79 units). Game 2 of their four-game series is Tuesday at 7:07 PM ET on Sportsnet.

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