Tag Archives: Compliance

  1. Home
  2. Compliance
Ontario orders halt to all UFC betting amid integrity concerns
December 1, 2022

Ontario orders halt to all UFC betting amid integrity concerns

Bookiecity

The Alcohol and Gaming Commission of Ontario (AGCO) has ordered all operators in the province to stop taking bets on the Ultimate Fighting Championship (UFC) due to integrity concerns.

The Ontario regulator said that operators should stop offering any UFC betting with immediate effect.

Ontario – which launched its regulated betting and igaming market on 4 April of this year – has a number of rules intended to protect sporting integrity.

All events for which betting is permitted “must be effectively supervised by a sport governing body which must, at minimum, prescribe final rules and enforce codes of conduct that include prohibitions on betting by insiders”.

In addition, there must be “integrity safeguards in place which are sufficient to mitigate the risk of match-fixing, cheat-at-play, and other illicit activity that might influence the outcome of bet upon events”.

The UFC in October amended its rules and regulations to ban its fighters from betting on UFC events.

However, AGC..

Continue Reading

DSWV partners IBIA to protect sporting integrity
November 14, 2022

DSWV partners IBIA to protect sporting integrity

Bookiecity

The German Sports Betting Association (DSWV) and the International Betting Integrity Association (IBIA) have signed a Memorandum of Understanding (MoU) in an effort to protect sports integrity.

Under the arrangement, the DSWV and IBIA will work in partnership and coordinate their activities on betting and related integrity issues in Germany.

The two associations will bring together their expertise on activities aimed at promoting a viable regulated sports betting market in the country that has high consumer channelling and related consumer, sports and operator integrity protection measures.

“The partnership between the DSWV and IBIA is another welcome step forward for the German sports betting industry,” DSWV president Mathias Dahms said. “With its many years of international experience and expertise in the field of sports integrity, the IBIA will support us in strengthening the regulated market and protecting it from manipulation.

“We therefore look forward to many joint projects..

Continue Reading

Towards intolerance of illegal operators
June 28, 2022

Towards intolerance of illegal operators

Bookiecity

Illegal online gambling remains a threat to both player protection and government tax yields. Yet, as Paul Girvan explains, most regulated jurisdictions continue to tolerate operators making money outside of the regulatory environment. Could more be done to fight the unlicensed sector?

Online gambling has existed since the inception of the internet, and over time we have seen increasing concern arise from the issue of black market gambling.

Equally, nearly all countries implementing legal market controls have encountered rising rates of gambling harm and negative social consequences, the causes for many of which remain outside the licensed market.

While there is much talk about the “licensed level playing field”, it’s hard to see how any marketplace is effectively levelled to the benefit of any parties if it tolerates the presence of the illicit black market. These shadow operators reap a competitive advantage as their regulated competitors pay a licence fee and taxes and comply wi..

Continue Reading

Early takeaways from Ontario igaming
June 15, 2022

Early takeaways from Ontario igaming

Bookiecity

With the first regulated igaming market to open to non-monopoly operators launching in a province with nearly 40% of the Canadian population, Ontario was always going to be an enticing prospect. Geoffrey Smorong provides analysis of the opening two months for iGB Affiliate.

On 4 April, the first Canadian province went live with a regulated igaming market for private operators, as Ontario officially opened its door to non-government operated online casinos and sportsbooks.

Ontario boasts a population of nearly 15 million, making it one of the largest new North American markets for regulated online gaming. The Ontario iGaming market will likely be a sizable one financially, as it’s expected to generate gross revenues of CA$989m by the end of this year and CA$1.86bn by 2026, according to VIXIO.

A couple of months have now passed, making this an ideal time to assess how the launch of the expanded igaming market in Ontario has gone so far.

Early engagement

The Ontario igaming marke..

Continue Reading