The Republic of Cyprus is proceeding with plans to expand access to a regulated online sports betting market. The president of the Cyprus National Betting Authority (NBA), Ioanna Fiakkou, announced on Thursday that the NBA would begin accepting online betting applications on October 3. The Republic of Cyprus is proceeding with plans to expand access […]

Russian authorities are now targeting payment providers as part of their war with unregulated online gambling. Russian media regulator Roskomnadzor put two payment processors Qiwi and Skrill on the list of banned web sites. Russian authorities are now targeting payment providers as part of their war with unregulated online gambling. Russian media regulator Roskomnadzor put […]

In early July the Dutch Lower House has passed an iGaming bill to regulate online gaming in the country for the first time. Online gaming has remained unregulated in the Netherlands despite many years of attempts by Dutch legislators to bring a regulated online gaming to the country. In early July the Dutch Lower House […]

According to the domestic media, the government is now planning to label Bitcoin as a foreign currency. Using Bitcoin in Russia would remain prohibited, however such changes would allow the purchase of Bitcoin through exchange platforms. Russian authorities are willing to support changes in the digital currency status in the country. According to the domestic […]

Domestic media reported gambling websites used China’s largest search engine Baidu to promote themselves. Online gambling is officially outlawed in mainland China since 1949. However, online betting operators found the platform on China’s top search engine during the nighttime. Domestic media reported gambling websites used China’s largest search engine Baidu to promote themselves. Online gambling […]

At the moment, the worldwide market size for Internet gambling is at 55 Billion USD (approx. 50 Billion EUR). A report from Zion Market Research claims that the Global online gambling & betting market expected to reach USD 94.4 Billion (approx. 85 Billion EUR) globally by 2024. According to Zion Market Research, the report analyzes […]