UK Gambling Commission Investigates Unlicensed NFT Site

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BeInCrypto

Rollbit Under Fire, Allegedly Operates Unlicensed Crypto Casino

Rollbit, a relatively new cryptocurrency-based online casino, is facing allegations of operating without a valid license. The company has attracted the crypto community's attention, which has expressed concerns regarding the platform's license status. Rollbit has issued a statement addressing the matter in response to these…

Crypto ・ 02 April 2023

Vegas Slots Online

Kindred Group Gets $1m Swedish Gambling Regulator Fine

Kindred Group has been hit with an SEK10.9m ($1m) fine and an official warning by the Swedish Gambling Authority (SGA). The regulator discovered shortcomings in Kindred's Spooniker subsidiary when it came to safeguards against terrorist financing and anti-money laundering systems. failed to meet its enhanced due diligence requirements In a…

Law ・ 25 November 2022

European Gaming

At the request of the French national gambling authority (ANJ), SORARE undertakes to evolve its gaming offer, pending adaptation of the legislation

In-depth discussions have been underway since March between the ANJ and SORARE regarding the tournaments that the company organises using the virtual cards it issues and markets. At its meeting at the end of September, the ANJ Board considered that the serious doubts regarding the legislation on gambling that this part of the offer raised justified…

Law ・ 21 November 2022

Casino Guardian

UKGC Suspends Online Gambling Operator’s Licence for Failing to Participate in GAMSTOP

The UK Gambling Commission revealed that it has suspended an online gambling company from transacting with British customers after the operator failed to participate in GAMSTOP, the country's safer gambling self-exclusion scheme. As of November 3rd, 2022, LEBOM Limited, which trades from the lebom.app platform, has been suspended from operating…

Industry ・ 04 November 2022

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Gambling News

France Launches Overhauled Responsible Gambling Website

Evalujeu, France's responsible gambling online resource, has got a new look The website is now more accessible to people looking for responsible gambling resources New questionnaires have been added to help consumers evaluate their attitude towards gambling Image Source: Shutterstock.com France's commitment to responsible gambling has been loud and…

Gambling Sites ・ 13 October 2022

Sifted

Is Sorare a gambling game, and what would that mean for the company?

Football fantasy trading game Sorare has leveraged blockchain technology to make some big bucks. The startup's fantasy sports game, which lets users trade and build teams with collectible player cards, is already generating more than €150m in annual revenue, earning it a $4.3bn valuation at its last funding round. But Sorare's early romp into the…

Gaming Authorities ・ 25 August 2022

Casino Guru

UK Gambling Commission imposes £630k fine against Smarkets

The Gambling Commission, the gambling regulator in the UK, announced it imposed a monetary penalty against Smarkets, the online gambling operator. The Commission said Thursday that it imposed a £630000 ($763374) financial penalty which comes after it discovered anti-money laundering and social responsibility breaches. In a statement released on…

Gaming Authorities ・ 11 August 2022

The Athletic

Michael Owen breached UK law by promoting unlicensed cryptocurrency casino

Michael Owen used his Twitter account to promote an unlicensed cryptocurrency casino to the British public, in breach of UK laws regarding gambling advertising. He has also been instructed by the Advertising Standards Authority (ASA) to delete a promotion for a controversial non-fungible token scheme for breaching rules about advertising…

Crypto ・ 09 June 2022

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Gambling News

UKGC Suspends Goldenchip Limited License, Cites Breaches of Gambling Act

The UK Gambling Commission (UKGC) has announced the suspension of Goldenchip Limited's license as the regulator is moving in to review the company's operations and its suitability to hold a license in the first place. UKGC is citing potential breaches of the Gambling Act review and argues that Goldenchip Limited may have acted against the gambling…

Law ・ 18 May 2022

JDSupra

Texas and Alabama Securities Regulators File Enforcement Actions Against Online Casino Developer Selling NFTs to Operate Casinos in a Metaverse

The Situation: State securities regulators in Texas and Alabama filed two first-of-their kind enforcement actions against a company selling non-fungible tokens ("NFTs") to operate casinos in a metaverse. The Result: The cease and desist orders issued against the company allege various state law violations, including making deceptive and misleading…

Innovation ・ 26 April 2022

Vegas Slots Online

Camelot Loses License for UK National Lottery to Allwyn

The UK Gambling Commission (UKGC) has left Camelot UK Lotteries, a household name in the UK since 1994, "incredibly disappointed" by naming rival Allwyn Entertainment as the new operator of the region's National Lottery. will lose one of the world's largest lotteries after 28 years The Canadian firm will lose one of the world's largest lotteries…

Lottery ・ 15 March 2022

Golden Casino News

UK Casino: Novibet withdraws after surrendering its license

Novibet has voluntarily relinquished its UK license after the betting and gaming company informed consumers that it would cease operations in the country. On November 1, 2014, the group was granted licenses for real-time sports betting and igaming, which also consists of poker, roulette, blackjack, and other casino games. Subsequently, a remote…

Gaming Authorities ・ 03 March 2022

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Vegas Slots Online

UK Gambling Commission Hits 888 UK With £9.4m Penalty

The UK Gambling Commission has hit 888 UK Limited with a £9.4m ($12.6m) fine, one of the largest financial penalties the regulatory body has ever issued. On Tuesday, the UKGC took to Twitter to share news of 888's fine for social responsibility and money laundering failings: UKGC CEO Andrew Rhodes warned that if 888 breaks UK gaming laws again, the…

Gaming Authorities ・ 01 March 2022

SBC News

NGG Nordic and SkillOnNet appeals on bonus ban violations rejected by Swedish court

Two appeals to the Swedish Administrative Court launched by NGG Nordic and SkillOnNet have been rejected, with penalties imposed on the operators for violations of the country's bonus ban upheld. Issuing an update this morning, the Spelinspektionen, the Swedish Gambling Inspectorate, revealed that although upholding the sanctions the Administrative…

Law ・ 24 January 2022

Vegas Slots Online

UK Gambling Act Review Nears an End, Concerns Remain

UK Gambling Minister Chris Philp is concerned with "extremely troubling practices" from some of the market's gambling operators. The MP raised the issue during the Department for Digital, Culture, Media, and Sport (DMCS) minister questions session in the House of Commons. Philp commented on the progress made so far with the government's review of…

Law ・ 07 January 2022

Vegas Slots Online

UKGC Issues a Fine of £780,000 to Buzz Bingo Operator

Buzz Bingo's online platform operator has received a £780000 ($1.04m) fine from the UKGC due to numerous failings. [Image: Shutterstock.com] The UK Gambling Commission (UKGC) has handed out a £780000 ($1.04m) fine to Buzz Group due to anti-money laundering (AML) and social responsibility failings. The UKGC announced the fine on Thursday. It relates…

Bingo ・ 16 December 2021

European Gaming

UK Gambling Commission Launches Consultation on Licensing and Enforcement Principles

The UK Gambling Commission (UKGC) has launched a consultation seeking feedback on its licensing, compliance and enforcement policy procedures. Open until 9 February, the consultation aims to build upon the UKGC's "Statement of Principles" that have established regulatory policies in relation to - risk assessment, licensing operators and key…

Gaming Authorities ・ 23 November 2021

Market Screener

Softbank-Backed Sorare Faces Scrutiny From UK, Swiss Gambling Regulators

Sorare, a blockchain-based fantasy soccer game based on nonfungible tokens, is facing scrutiny from gambling regulators in the U.K. and Switzerland shortly after finalizing a $680 million funding round led by SoftBank Corp. The U.K. Gambling Commission recently said that it is carrying out enquiries into the company to establish whether Sorare…

Law ・ 13 October 2021

SBC News

Sorare backs its non-gambling status under UKGC evaluation

Sorare has issued a response to the UK Gambling Commission (UKGC) placing its blockchain fantasy football platform under investigation. Yesterday the UKGC issued a warning, alerting the public that Sorare (Sorare.com) did not maintain a UK gambling licence. The Commission confirmed that it was evaluating Sorare's fantasy football game and digital…

Gaming Authorities ・ 13 October 2021

CoinDesk

Soccer NFT Platform Sorare Is Being Investigated by UK Gambling Regulator

Sorare, the fast-growing European fantasy soccer and digital collectible platform, is being investigated by the U.K. Gambling Commission. The gambling watchdog of the United Kingdom warned in a consumer information notice dated Oct. 8 that Sorare's business operates "outside of the gambling regulations that a licensed operator should comply with"…

Law ・ 11 October 2021

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The Block

UK gambling regulator is looking into NFT fantasy soccer league Sorare

Sorare, a fantasy soccer platform dealing in non-fungible tokens (NFTs), is facing scrutiny from the United Kingdom's gambling watchdog. A consumer information notice from the UK Gambling Commission clarified that the platform is not licensed by the regulator. "This means that any activity completed on the site by consumers in Great Britain is…

Law ・ 12 October 2021

Vegas Slots Online

UK Gambling Watchdog Fines Lottoland Operator £760k

The UK Gambling Commission (UKGC) has fined EU Lotto £760000 ($1.04m) for anti-money laundering and social responsibility failures. The operator of lottland.co.uk will need to submit to extensive independent auditing following the regulatory decision. It also received a formal warning for these failures, which took place from October 2019 to…

Gaming Authorities ・ 24 September 2021

World Casino News

Lottoland.co.uk operator fined by the Gambling Commission

In the United Kingdom and the Gambling Commission regulator has ordered online casino operator EU Lotto Limited to pay a fine of £760000 ($1.04 million) for failings in its anti-money laundering and social responsibility obligations. The watchdog used an official Thursday press release to declare that the Malta-based firm is responsible for the…

Gaming Authorities ・ 24 September 2021

Vegas Slots Online

MP Group Launches Inquiry Into UK Gambling Commission

As the UK government mulls reform to its gambling laws, its official gaming regulator has found itself facing criticism from a number of angles. Now, a group of MPs have launched an inquiry into the UK Gambling Commission (UKGC), asking for contributions from operators and their advisers. failed to confront numerous criticisms made by members of…

Gaming Authorities ・ 21 September 2021

WTHITV

£6 million fine for Alderney online gambling firm after license breach

A gambling firm based in Alderney has been fined nearly £6 million by the UK Gambling Commission (UKGC). The regulatory body found that Daub Alderney did not have enough measures in place to identify problem gambling. One customer was allowed to lose over £43000 in four months, despite displaying signs of a gambling problem - including using four…

Gaming Authorities ・ 03 September 2021