Sorare Claims No Forms of Regulated Gambling Are Currently Available on Its Platform

Sorare Claims No Forms of Regulated Gambling Are Currently Available on Its Platform

The non-fungible token (NFT)-based football platform Sorare.com has sent a statement to the Gambling Insider to respond to the recent notice of the UK Gambling Commission (UKGC). In its statement, the operator revealed that, for the time being, it does not provide British consumers with any forms of regulated gambling services. As Casino Guardian reported, the major gambling regulatory body of the UK warned local customers that Sorare offers its services without an operating licence issued by the local competent authorities. In response, the NFT football platform has insisted that…

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William Hill Refuses to Sign Up to Irish Bookmakers Association’s Safer Gambling Code

William Hill Refuses to Sign Up to Irish Bookmakers Association’s Safer Gambling Code

British bookmaker William Hill has turned down requests to sign up to the Irish Bookmakers Association’s (IBA) Safer Gambling Code that has already been approved by gambling operators in the country. The Code calls for gambling advertising to be suspended from live television, and, even more importantly, for players to be no longer able to use credit cards to fund gambling transactions. However, the bookmaker’s refusal to sign up to the Safer Gambling Code threatens to cause a major disagreement in the local gambling sector, as it has undermined the…

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Star Entertainment’s Shares Slump Following Illegal Activity and Money Laundering Claims

Star Entertainment’s Shares Slump Following Illegal Activity and Money Laundering Claims

Star Entertainment’s share value has experienced a significant decline after the Australian gambling giant faced allegations that it has been allowing illegal activity at its casino venues for years. According to a joint report issued by three news outlets, the gambling operator has had links to organised crime and has been involved in money laundering and fraud. Star Entertainment, however, has turned down the claims, which resulted in a share value slump, as “misleading”. The gambling company further noted that it operates in an industry that is heavily regulated and…

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UKGC Warns Customers That Sorare Operates without UK Licence

UKGC Warns Customers That Sorare Operates without UK Licence

The major regulatory body of the gambling industry in the UK issued a customer information notice regarding the fantasy game for football Sorare. The UK Gambling Commission (UKGC) revealed that it came to the watchdog’s attention that the football-themed online platform Sorare.com, can be accessed by consumers in Great Britain. The British gambling regulator warned that the website has not been licensed by the UKGC. The watchdog further explained that operating without a licence means that all activities that are being completed on the website by British customers are outside…

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Leaked Documents Show Football Index Transferred £15 Million to Another Company to Pursue Global Expansion

Leaked Documents Show Football Index Transferred £15 Million to Another Company to Pursue Global Expansion

The owners of the Football Index website transferred customers’ stakes worth approximately £15 million to a connected company that spent the money on developing technology to sell similar products in other countries as the gambling platform collapsed in the UK. The Athletic reported of a document, according to which the aforementioned sum was transferred from BetIndex, the company that operated the Football Index website, to a holding company called Index Labs a part of the so-called “Project Hadron”. As mentioned above, the owners of the virtual stockmarket for football players…

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BoyleSports Gets Permission to Transform Old Chocolate Shop into Betting Shop

BoyleSports Gets Permission to Transform Old Chocolate Shop into Betting Shop

BoyleSports (UK) Limited is to transform the Old Chocolate Box in Clitheroe into a betting shop following the decision of the local authorities to make a change and see the retail space used as a betting office. As part of the development, three part-time and three full-time jobs are set to be established. If everything goes according to plan, the betting shops will be open seven days a week, from 8:00 AM until 10:00 PM. In its application to the Ribble Valley Borough Council, seeking to turn the former chocolate…

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Gambling Operators to Become Subject to New Annual Financial Crime Levy Designed by the UK Treasury

Gambling Operators to Become Subject to New Annual Financial Crime Levy Designed by the UK Treasury

Gambling companies in the UK will become subject to a new levy that is set to be unveiled by the Government’s economic and finance ministry. Recently, the UK Treasury has confirmed plans to bolster the country’s fight against economic crime by the implementation of a new levy on companies that are subject to anti-money laundering (AML) regulations. As unveiled in draft legislation published last month, firms that are liable to the Money Laundering, Terrorist Financing and Transfer of Funds Regulations of 2017 will be required to pay a fixed fee…

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Flutter Entertainment Announces Any Howe’s Appointment as FanDuel CEO as Matt King’s Successor

Flutter Entertainment Announces Any Howe’s Appointment as FanDuel CEO as Matt King’s Successor

The Irish gambling and bookmaking holding company Flutter Entertainment has appointed Amy Howe as head of its FanDuel business as the group is still considering a possible spin-off of the US-based unit. The appointment was confirmed by the chief executive of Flutter, Mr Peter Jackson, who praised Ms Howe for her efforts while leading the operator’s commercial functions after becoming part of the company. Ms Howe joined the betting giant’s sports betting and daily fantasy sports betting arm at a presidential position in February. Then, in July, she was appointed…

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Minimum Age for Participation in National Lottery Games Set at 18 as of the Beginning of October

Minimum Age for Participation in National Lottery Games Set at 18 as of the Beginning of October

As of October 1st, the UK Government has officially banned children under 18 years of age from playing the National Lottery or purchasing scratchcards. The change has been made as part of the authorities’ decision to increase the minimum age for participation in games of the National Lottery from 16 to 18. In the UK, children under 18 have been suspended from accessing online gambling since April, but the ones aged 16 or over have still been able to purchase scratchcards and lottery tickets in brick-and-mortar betting shops. Now, the…

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Westpac Updates Its Bank App’s Digital Gambling Block Functionality to Reach More Customers

Westpac Updates Its Bank App’s Digital Gambling Block Functionality to Reach More Customers

Westpac Group, one of the largest banks in Australia, has added more functionalities to its digital gambling block feature in order to provide its customers with more ways to suspend their gambling transactions in real-time. Under the most recent changes, the bank’s digital feature will become available for more than two million personal debit card customers of BankSA, St. George and Bank of Melbourne. Earlier in 2021, Westpac officially announced the launch of app functionality that offered its customers the opportunity to suspend themselves from making deposits to online gambling…

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