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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.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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