The United Kingdom Gambling Commission (UKGC) has announced it will allow licensed online-gambling companies to begin accepting virtual currencies as a payment medium as of October 31, 2106. Virtual currencies, by definition, include Bitcoin and other digital offerings. The change in conditions was added via an update to the UKGC’s Licence Conditions and Codes of […]

Russia’s communications watchdog Roskomnadzor has ordered banking and payment processors to purge unauthorized online gambling operators from their client lists. According to Russian news agency, the Izvestia, Roskomnadzor sent letters to Russia’s largest bank, Sberbank, as well as payment processors including Skrill and Yandex instructing them to remove gambling operators from their customer-base in compliance […]

Blockchain intelligence firm Elliptic has partnered with London-based startup LexisNexis Risk Solutions to bring bank-grade risk management to Bitcoin. Two companies teamed up not only to avoid nefarious uses of the digital currency but also to make virtual currency more attractive to those who might want to use it for legitimate transactions. LexisNexis Risk Solutions […]

He is the man that effectively sets the agenda for the gaming industry in Malta. He heads the entity entrusted with proposing and enforcing legislation. And – on his word alone – Malta’s future as an online gaming centre of excellence could be set in stone … or not. Regulation for Innovation” was the punch […]

A world leading sports betting solutions provider SBTech announced Monday that it has secured a full Class 4 Remote Gaming Licence from the Malta Gaming Authority (MGA). The licence is a latest addition to SBTech’s growing portfolio of European permits. A world leading sports betting solutions provider SBTech announced Monday that it has secured a […]

With just a few days left until the 2016 Rio Olympics, the International Olympic Committee (IOC) and London-based firm, Genius Sports, announced a partnership in order to monitor any possible manipulation of the competitions related to sports betting and to protect the integrity of Olympic events which will start on August 5. With just a […]

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 […]