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European Gaming Congress 2024

Compliance Updates

Breaking News: Legalisation of Gambling in Ukraine has been adopted in the first reading

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The international holding Parimatch welcomes the decision from Parliament on the legislative regulation of gambling in Ukraine.

The adoption of Bill 2285-D in its first reading is the first step towards creating a fair and transparent gambling market, which will, in turn, attract investment and introduce new technology to the country. Once legalized, the market will create thousands of jobs, contribute to both state and local budgets, lead to an increase
in tourism, and will help to counter corruption in professional sports. Also, the increased tax revenues generated will provide much-needed funds to support culture, medicine, and sports in Ukraine.

In order for gambling to be fit for legalization and become an important contributor to the state and society, it is critical that laws are developed in line with best-practice international standards.

Any investor should feel that the market conditions are fair, and, above all, taxation is reasonable. Therefore, by the second reading, we expect amendments will be prepared for the Tax Code of Ukraine. It is essential to balance the price of licenses with tax burdens. International business and Ukrainian companies will not be able to invest in the Ukrainian economy without an understanding of the taxation concept and a transparent model of return on investment.

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People’s deputies of Ukraine shoulder great responsibility when preparing the bill for its second reading, which must meet the highest international standards for legalizing the gambling industry.

Parimatch is open to dialogue and working with lawmakers as part of the finalization of the bill. They are happy to share their comprehensive global expertise and knowledge gained over the years operating as a successful, internationally focused and responsible gambling company.

A major compliance-related update of the Ukrainian gambling industry will be presented during the Prague Gaming Summit by Evgenia Derbal (Head of Legal at Parimatch) and Maksym Liashko (Partner at Parimatch) 

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Compliance Updates

Oddsgate advances in compliance with GLI-33 certification

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iGaming software company Oddsgate continues strengthening its commitment to regulatory standards by obtaining its third certification from Gaming Laboratories International (GLI), the GLI-33.

With a 2024 agenda prioritizing integrity matters and expanding to new markets, the company has met its goals by obtaining licenses in cruciais countries such as Romania and certifications like GLI-13 and GLI-19.

Established as a benchmark in the market, GLI is a respected entity in the gaming and lottery sector, building its reputation since 1989. With a global network of laboratories across six continents, the company holds both American and international accreditations, ensuring compliance with ISO/IEC standards and technical expertise in the gaming, betting, and lottery industries.

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The Brazilian government approves GLI to certify companies and conducts rigorous and thorough testing. In this context, Tiago Almeida, co-founder of Oddsgate, highlights that this process elevates the industry’s standards, especially in a market with recent regulations. By strictly following all the high criteria established, Oddsgate celebrates this advancement, which will bring more quality and security to its activities.

The certification is also strategic for the federal standards already offered to many Brazilian operators and their “.bet.br” domains in pursuit of their local federal Brazilian licence.

The GLI-33 certification covers aspects such as:

• Security Requirements: Protection of sensitive data and system integrity.
• System Integrity: Accuracy and fairness in betting operations.
• Risk Management: Detection and mitigation of fraud and errors.
• Reporting and Audits: Transaction logging and auditing.
• Regulatory Compliance: Adherence to local laws and regulations.

In addition to many other criteria that ensure trust and transparency on betting platforms.

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“Oddsgate is meticulously crafting its strategic initiatives, unwaveringly and continuously striving to elevate our software and services to the highest compliance standards. We aim to cultivate an ecosystem of responsible, secure, and transparent betting for our clients, operators, and the ultimate end player. This partnership with GLI fortifies our position and commitment to these ideals, and this significant accomplishment profoundly gratifies us.” added Tiago Almeida.

Almeida further reinforces that the company will continue this approach and reveals that “The Q4 of 2024 will also be a solid execution period for Odddsgate, as we will announce additional certifications and B2B licenses.” to make the platform increasingly complete and maintain its innovative products and solutions.

The post Oddsgate advances in compliance with GLI-33 certification appeared first on European Gaming Industry News.

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Compliance Updates

beBettor partners with EveryMatrix for light touch financial vulnerability checks

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Data analytics platform beBettor has partnered with EveryMatrix to provide its UK licenced operator partners with frictionless financial vulnerability checks.

In response to Summer 2023 consultations and new UK Gambling Commission regulation coming into force at the end of August this year, beBettor checks will identify financial vulnerability such as where a customer is subject to bankruptcy orders or has a history of unpaid debts.

Checks will initially be introduced at a higher threshold of £500 net deposits in a rolling 30-day period from 30th August 2024. This threshold will then fall to £150 net deposits in a rolling 30-day period from 28th February 2025.

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beBettor technology will be integrated across several of EveryMatrix’s modular platform products to further strengthen its operator partners’ responsible gambling controls for all UK players.

Jake Cachia, Head of Compliance, EveryMatrix, said: “As a business, we pride ourselves in delivering the best service to our operator partners. This will provide our customers with additional robust responsible gambling controls while meeting new UK requirements without any friction so we’re delighted to be working together with beBettor.”

Sonny Cott, beBettor Chief Insights Officer, said: “Our aim is to help operators fully meet this new UKGC requirement in a seamless way that minimises business impact. As the 30th August deadline approaches, we are seeing more and more UK licensed operators opt for our frictionless and non-intrusive financial vulnerability solution. Today, it’s brilliant to announce partnering with EveryMatrix as an award winning sportsbook and iGaming supplier and I look forward to working closely with both EveryMatrix and their operator partners.”

The post beBettor partners with EveryMatrix for light touch financial vulnerability checks appeared first on European Gaming Industry News.

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Compliance Updates

Charity Commission Closes Case Against GambleAware

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The Charity Commission has concluded its investigation into GambleAware without issuing any criticism or findings against the organisation.

Zoe Osmond, CEO of GambleAware, said: “The Charity Commission has written to GambleAware to confirm the case has been closed without criticism, or findings against, the organisation. The Regulator has stated unequivocally that they are ‘assured that the trustees have taken appropriate steps to both ensure its [GambleAware’s] independence from the gambling industry and to address reputational risks arising from its current funding model’.

“Importantly, the Commission has also stated it is ‘satisfied that the Charity’s reliance on industry funding does not impact on decision-making about its activities’. We were pleased to see the Commission acknowledge our robust policies and governance processes as well as the important role our Lived Experience Council plays in providing advice and direction to our activities, among others.

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“Gambling harms have a devastating impact on individuals, families, and communities. GambleAware is wholly dedicated to advancing our charitable purposes for the public benefit, which is why we have long called for the introduction of a statutory levy on the gambling industry to provide long-term sustainable funding for the treatment, support and prevention of gambling harms.

“We urge anyone experiencing harm to reach out. Help and support are available through the National Gambling Support Network and the National Gambling Helpline, offering free, confidential assistance 24/7 to those in need.”

The post Charity Commission Closes Case Against GambleAware appeared first on European Gaming Industry News.

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