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UKGC PUBLISHES IN-PLAY BETTING POSITION PAPER

UKGC PUBLISHES IN-PLAY BETTING POSITION PAPER

Considers current regulatory regime as sufficient.

The UK Gambling Commission has published an in-play betting position paper in which it concludes that risks to the licensing objectives from in-play betting is appropriately managed through the current regulatory framework and controls required of licensees.

The Commission considered changes in the market and technological advances in its consideration of in-play betting noting a growing focus on the vertical by other countries, such as Australia

“Evidence does not indicate that further regulatory control measures are required at this time,” the paper reads.  “We will continue to monitor in-play betting for fairness and openness as part of our overall betting compliance programme, and take its particular characteristics into account in our wider work on integrity in sports (and other) betting and gambling related harm”.

The Commission concluded that the current regulatory regime for in-play betting is sufficient, saying further controls are not necessary at this time.

The full position paper can be read here:  http://www.gamblingcommission.gov.uk/pdf/In-running-betting-position-paper.pdf

In related news, the UK Gambling Commission’s consultation on proposed changes to fees for operating license holders closes Friday. 

The Commission urges stakeholders to submit comment before the deadline.

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Gambling News :

Is Gibraltar Out of Luck in US Tax Challenge - Gibraltar's challenge to the UK 15 percent point-of-consumption tax on online gambling operator revenues has already failed in the UK High Court, and it looks as if it may be rejected by the European Court of Justice too.

Quickspin are now available in Denmark - #quickspin The roll-out strengthens the long-standing partnership between the supplier and the operator, with Quickspin games already available on Vera&John’s websites around the world.

UCypher Launches - Indian entertainment and media entrepreneur Ronnie Screwvala has announced the formation of UCypher, an eSports tournament in which ten teams will compete.

Extreme Live Gaming In deal With Betsson - Extreme Live Gaming, a subsidiary of the Novomatic Interactive group, has announced a live dealer product deal with the Betsson online gambling group, with an initial launch planned for Betsson.com, followed by other brands in the Swedish group's portfolio.

Expansion Mode For BoyleSports - The Bambury premises are situated in Kildare, Meath and Dublin and will be refurbished and rebranded after acquisition, with the total of 31 staff remaining in employment..

Safecharge Q4-2016 - Online e-cash processing firm Safecharge, where Playtech's Teddy Sagi is a majority shareholder, released a trading update on its Q4-2016 performance Thursday, flagging record transaction processing volumes and revenues.

ASA Most Controversial Ads of 2016 - Paddy Power's penchant for advertisements that cause a stir saw the betting company mentioned twice in the Top Ten most controversial adverts of 2016 released by the Advertising Standards Authority in the UK Thursday.

Yggdrasi To Enter Italian Gambling Market - Yggdrasil’s Italian offering will include the company's collection of in-game promotional tools, BOOST, improving gamification, and the social sharing tool, BRAG. The company’s mobile product will also be available on its HTML5 iSense 2 platform.

888sport is the latest to join sports betting integrity body ESSA - Major operator 888sport is the latest to join sports betting integrity body ESSA with the company adding its customer base and betting market platforms to ESSA’s global anti-fraud alert and reporting system.

First partypoker live event to be held in Russia - Partypoker’s new live tour will kick off in Russia on March 24, 2017 at Sochi Casino and Resort in association with Club Poker Management. Online Day 1’s will start on partypoker on March 12, 2017.

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