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Arizona, It’s Time To Indulge In Some Sports Betting!

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After the federal ban on sports betting was struck down, states across the US began legalizing sports betting. However, Arizona’s decision to legalize sports betting truly comes as surprising due to various reasons.

Though the momentum kept growing, negotiations between the tribes and the Governor of Arizona didn’t seem like it was working out, especially with the scheduled adjournment date of April 24th nearing. In addition, there were a lot of controversies surrounding the topic that could have ruined the whole sports betting legislation thing.

Nonetheless, at the last moment, everything fell into place perfectly. An agreement was reached in April 2021 that gave event wagering licenses to both professional sports teams as well as the tribes in the state. Though the decision was made in April, it is expected to launch on September 9, 2021, coinciding with the beginning of the NFL season.

To avoid conflicts down the lane, a draft of rules surrounding sports betting was published by the Arizona Department of Gaming. Then it was left for a public comment period where interested parties could submit their opinions and participate in public discussion periods.

On July 2, the second draft of rules was released, which featured an 8 percent tax rate on retail wagers and 10 percent on mobile bets. It also spoke about the initial license fee that was valued at $850,000. Following this, another public comment and discussion session were held and a separate session for license allocation.

Ultimately, the state representatives approved a bill legalizing sports betting, and Gov. Doug Ducey signed Arizona betting into law this year. Nonetheless, it is to be remembered that Ducey indulged in an array of negotiations with Arizona tribes asking them to include sports betting into their contracts.

If you are interested in learning more, this article will discuss everything you need to know about the approaching launch of legal sports betting in Arizona.

What Did Arizona’s Path to Legal Sports Betting Look Like?

Regardless of the state, the road to legalizing sports betting is a tough one filled with challenges both anticipated and unforeseen. The case of Arizona was no different. There was even an instance when a mere typo almost wrecked the entire effort put towards legalization. In the next section, let’s look at how Arizona got from negotiation to complete legalization.

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The idea of legalizing sports betting was born in 2019. However, the support it received was minimal, and with the opposition from the tribes, the efforts didn’t get anywhere. Post-PASPA, most betting enthusiasts were sure that sports betting legalization would come to Arizona at some point. Nonetheless, there didn’t seem to be a lot of urgencies, especially from the tribe. The tribes were happy with their existing operations as they didn’t want any competition for the profits they could earn in the state.

When Will Sports Betting Launch in Arizona?

Sports betting was signed into law, but when will it finally launch? The simple answer to this question is on September 9th, 2021. Officials repeatedly declared the date as the target “go-live” date. What’s more, this date will coincide with the first game of the NFL 2021 season. A few states took more than a year to come up with and then finalize the rules supervising sports betting. On the other hand, other states took just a few months. However, thanks to the

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Zimpler Becomes Certified Payment Institution in Brazil, Strengthens Local Open Finance Ecosystem

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Zimpler Becomes Certified Payment Institution in Brazil, Strengthens Local Open Finance Ecosystem

 

Zimpler, a leading Swedish company in Pay-by-bank solutions, has become a certified Payment Institution (PI) in Brazil, authorized by the Central Bank. Now Zimpler is allowed to facilitate payments and other Open Finance ecosystem resources, streamlining the checkout process and reducing friction by allowing direct transactions without redirecting users to bank apps. This movement solidifies Zimpler’s plans and structure in Brazil.

“We are thrilled to receive this authorization from the Brazilian Central Bank. The recognition of Zimpler as a payment initiator reinforces our commitment to this local market, which offers a great opportunity for growth and value in a very dynamic and competitive environment,” said Johan Strand, CEO of Zimpler.

The authorization, which also allows Zimpler to act as an electronic money institution, strengthens the Open Finance ecosystem in Brazil, one of the most advanced in the world and which now welcomes the leading payments fintech from Sweden. Businesses looking to thrive in the country can now benefit from the Zimpler’s seamless payment experience, giving them a competitive edge in a dynamic and fast-moving market.

“This milestone showcases the strength of Swedish innovation and the mutual benefits that come from closer economic collaboration between Sweden and Brazil. Sweden has long been a leader in financial technology, and we are proud to see companies like Zimpler bring their experience and trusted solutions to contribute to Brazil’s dynamic digital economy,” said Andreas Rentner, Trade Commissioner and Country Manager of Business Sweden in Brazil.

“With our experience powering over 80% of Sweden’s population through Swish, we’re bringing the same proven technology and approach to Brazil through Pix, one of the most successful real-time payment systems in the world. We’re looking forward to helping businesses unlock the full potential of Open Finance in Brazil with seamless, secure payments that drive market growth,” Strand said.

The authorization by the Central Bank is another step in strengthening Zimpler’s foundation in Brazil, following the opening of its São Paulo office in 2022. The company remains focused on expanding its footprint and deepening its partnerships across key verticals such as iGaming, where it sees strong growth potential.

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AGS Interactive Makes Market Debut in Connecticut

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AGS Interactive Makes Market Debut in Connecticut

 

AGS Interactive has made its market debut in Connecticut, taking a selection of its best-performing games live in the Constitution State.

Local players in Connecticut can now enjoy three of AGS’ hit titles, with Capital Gains, Blazing Luck, and Dragon Fa initially available, all proven with both land-based and online players across North America.

AGS plans to roll out its full interactive portfolio, ensuring a steady cadence of new content for operators and players alike.

The launch represents AGS’ sixth regulated US market entry, further extending its footprint across the country and cementing its position as a supplier of beloved land-based classics with cunning interactive forward games.

Zoe Ebling, VP of Interactive at AGS, said: “Entering Connecticut is a huge milestone for us. It’s not just another market, it’s a testament to the momentum our interactive division has built across the US.

“By bringing Capital Gains, Blazing Luck, and Dragon Fa to Connecticut players, we’re giving them a taste of our best-in-class titles right out of the gate. Every new state launch is a fresh opportunity to show operators that AGS doesn’t just deliver games, we deliver experiences that resonate. We’ve seen firsthand how our land-based hits translate online, and we’re excited to roll out even more content throughout the year.”

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NFL Announces Partnership with ICRG

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NFL Announces Partnership with ICRG

 

The National Football League (NFL) announced a partnership with the International Center for Responsible Gaming (ICRG) to address growing concerns around gambling behaviors among college athletes and students. The NFL Foundation will contribute $600,000 over three years to support independent, peer-reviewed research being led by the ICRG that aims to explore the prevalence, risk factors, and impacts of gambling behaviors in these populations.

While initial studies have indicated that college athletes may be at higher risk for gambling problems, there remains a lack of comprehensive, current data on how college populations interact with online sports betting platforms. This NFL-ICRG initiative will empower independent researchers to explore a wide range of topics with the goal of informing data-driven prevention strategies, education, and policies aimed at reducing gambling-related harm. Grant applications will be peer-reviewed prior to the selection of the final recipient by the ICRG Independent Scientific Advisory Board.

Additionally, the NFL will fund an update to the ICRG’s “Talking with Children About Gambling” educational resources to equip parents, coaches, and educators with practical guidance to help prevent youth gambling exposure before college. Educational materials will be widely available online and distributed to schools, community sports organizations, and youth programs nationwide.

“We’re proud to partner with the ICRG to advance research that can drive meaningful solutions and address a critical gap in the understanding of gambling behaviors among college athletes and students. This initiative reflects our ongoing commitment to promoting responsible gambling and fostering a safe and supportive environment for athletes, fans, and communities,” said Anna Isaacson, NFL senior vice president of social responsibility.

“The NFL has once again demonstrated its commitment to player and fan protection by supporting this critical research targeting young adults. The NFL and ICRG together will make a meaningful contribution to understanding and implementing policies and programs that support a safer gambling environment,” said Arthur Paikowsky, president of ICRG.

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