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Unregulated FIFA gambling site gets fined
While everyone is talking about the growth of the esports, it goes without saying that the regulators have been taking very little action to make betting on electronic sports safes. Well, things have changed, at least in the UK. Recently, United Kingdom Gambling Commission (UKGC) has taken action against the video game betting site for the first time in its history.
As reported on Norske Casino website, Craig Douglas and Dylan Rigby have been fined a total of 255,000 GBP for running a website that allows people to bet on the virtual football games by using a FIFA in game currency. Apart from running this site, Craig Douglas was leading a famous YouTube channel with over 1,300,000 subscribers, which was the main traffic driver to the gambling website.
Even though the size of the penalty may sound horrifying, the main reason for taking action and issuing a fine by UKGC of nearly 320,000 USD is the audience. Unlike regular betting sites that target players of a proper age, the court believes that the video game betters are often underaged.
Still, some people may have an obvious doubt. If the players had to place bets using virtual in-game currency, why is there any penalty at all? Video gaming is actually a billion dollar industry and there is quite some demand for the gaming money, the virtual currency can actually be sold both online and offline. Hence, it does have a monetary value.
Craig Douglas and Dylan Rigby developed a website that accepted deposits from the FIFA game and allowed betting on various football video games. As a result, both Craig Douglas and Dylan Rigby were charged with operating gambling facilities without a license and advertising illegal gambling. Craig Douglas was fined a total of 91,000 GBP and Dylan Rigby received a fine of 164,000 GBP.
Oink Country Love Slot Launches -
Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.
Tim Chung Wins MPNPT Manchester -
The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.
MPNPT Manchester Day 2 -
Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!
3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
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