Compliance Updates
Brazilian Football Confederation Requests Ministry of Finance to Modify Sports Betting Regulations
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The Brazilian Football Confederation (Confederação Brasileira de Futebol; CBF) has filed a request with the Ministry of Finance to modify sports betting regulations so that football clubs would receive a higher percentage of revenue from sports betting.
In its proposal, the CBF also proposed that the government consider the financial transfer of money from the industry to clubs not as public money, but as remuneration for the use of club and championship brand names. Clubs and other sporting entities would therefore be less subject to government scrutiny.
The CBF also stated that it wanted the creation of a registry of sports betting operators, the control of which will come under the supervision of the confederation itself. The registry would serve to supervise the assignment of commercial rights, control transfers of money from sports betting operators to clubs and create mechanisms to combat match fixing.
The CBF’s demands were relayed to the Ministry of Finance by its general secretary, Alcino Rocha. As the reception of these proposals “were not well received,” the confederation said that it would aim to arrange a meeting with President Luiz Inácio Lula da Silva and Minister of Finance Fernando Haddad.
When consulted by Brazilian news outlet Globo, the CBF indicated that “the document in question, sent at the request of the Ministry of Finance, is still preliminary” and that “it is a complex and unprecedented issue” that “will be submitted for the consideration of all parties involved.”
They also noted that “all the clubs present were informed that the document presented was not a definitive text, but only a starting point.”
The president of the CBF, Ednaldo Rodrigues, said that his administration was “open and democratic dialogue will always be respected,” and that “only after a broad debate, the agenda of a provisional measure will be sent to the Federal Government.”
“Our commitment is to listen and give a voice to everyone. It is undeniable that betting revenue is another source of revenue for clubs. But it is necessary to understand, discuss and reach a consensus,” Rodrigues said.
Law 13,756/18, which legalized sports betting in Brazil in 2018, ruled that teams that allowed bets to be placed on their sporting events would be entitled to 1.63% of net income. The CBF wants this percentage to be increased to 4% and that the amount be deducted from gross income which would means significantly more cash for clubs.
Compliance Updates
IGSA Welcomes Sharp Vision as Silver Member
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The International Gaming Standards Association (IGSA) has welcomed Sharp Vision as a new Silver member. Sharp Vision is a leading provider of regulatory turnkey solutions for gaming authorities.
“We are delighted to be a part of IGSA and we look forward to contributing to the advancement of best practices among regulators in the fast-growing gaming industry,” Damien Raymond, COO of Sharp Vision, said.
“IGSA is very excited to welcome Sharp Vision to our membership. We believe that IGSA Standards can enhance Sharp Vision’s products supporting regulatory authority oversight. We look forward to their participation in IGSA committees,” Mark Pace, President of IGSA, said.
Compliance Updates
PGCB Places Seven Individuals on Involuntary Interactive Exclusion List for Online Gaming Fraud
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The Pennsylvania Gaming Control Board (PGCB) on Wednesday approved recommendations by its Office of Enforcement Counsel (OEC) for the placement of seven individuals on the iGaming Involuntary Exclusion List.
The online transactions that these seven individuals engaged in, totaling $27,168, were investigated by the Board’s Bureau of Investigations and Enforcement (BIE) and found to be fraudulent in two major respects:
- an individual used a fraudulent scheme to obtain an online account or accounts in another person’s name and identifiers, placed funds into these accounts utilizing other persons’ payment methods, and without engaging in any gaming activity, managed to have funds withdrawn from the fraudulently-established account or accounts directly into their own bank account; or,
- requested and received a refund for a disputed credit or debit card transaction from a card issuer even though that refund was fraudulent.
The specific fraudulent conduct of each individual is further described below:
- Created two separate online sports wagering accounts using the personal identification and credit cards of other individuals, and withdrew $300;
- Created 13 separate online casino-type games accounts using the personal identification and credit cards of other individuals, and withdrew $545;
- Created six separate online sports wagering accounts using the personal identification and credit cards of other individuals, and withdrew $1000;
- Created four separate online sports wagering accounts using the personal identification and credit cards of other individuals, and withdrew $1123;
- Created two separate online sports wagering accounts using the personal identification and credit cards of other individuals, and withdrew $1500;
- Illegally requested and received six chargebacks to a credit card associated with an online casino-type games account totaling $10,100;
- Created one online sports wagering account using the personal identification and credit card of another individual, and withdrew $12,600.
The Board’s actions in these matters stem from its commitment to keep individuals who have committed fraud from gaming online in Pennsylvania. The additions made bring to 37 the total number of individuals who are currently on the iGaming Involuntary Exclusion List.
The Board also placed four other individuals on its Casino Involuntary Exclusion List. The number of individuals currently on that list totals 1197 and stems from various reasons including theft, cheating, child endangerment disorderly conduct, and using counterfeit currency.
Compliance Updates
PandaScore secures their first US betting license, by entering Colorado
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After a meticulous and measured research process in consultation with the needs of its clients, PandaScore has acquired a license to operate in the US state of Colorado.
Through the license, PandaScore has signalled its intentions in the US market: forging a supplier-led path to esports betting success in the US. Existing PandaScore clients can now enter the Colorado market, scale up their esports offering and build their future audience in the state’s esports-friendly regulatory framework.
Future clients can also be confident that working with PandaScore supports their growth strategy in the lucrative US market. The state’s esports-friendly regulatory framework serves as a solid foundation to cultivate an esports audience and take advantage of PandaScore’s innovative, revenue-driving products such as BetBuilder, player props and microbetting.
PandaScore selected Colorado as its first point of entry into US licensing thanks to the state’s large catalogue of esports titles and competitions that are eligible for regular betting, and the wide range of markets that can be offered. Additionally, the state’s flexible and innovation-friendly licensing regime makes it a strong market for PandaScore and its clients.
Securing the license also serves as proof of concept for the French esports supplier, PandaScore Legal Counsel Alexis Brunet noted that “securing the Colorado license is a strong signal of our intentions in the US and are serious about its potential. Esports in the United States is a fast-evolving regulatory environment, but it’s only going in one direction: expansion. We intend to provide our best-in-class products and services to our customers no matter where they are, and service one of the largest markets in the world.”
For PandaScore CEO Flavien Guillocheau, entry into Colorado in the US market was the natural next step in the company’s client-first, service-oriented approach: “For esports to succeed in the US, suppliers must lead from the front. Suppliers need to address the uncertainty around regulation which has held back operator investment and thus growth of the vertical.
“We’ve proven we know the market, get a license efficiently and do it in a way that puts operators first. We’re confident that if our clients are seeking entry into a given market, we can be completely straight with them, show them the viable pathway to success, and create the foundation and access they need to fully harness the potential of esports in one of its biggest consumer markets.”
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