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Compliance Updates

NCPG Applauds Blumenthal and Salinas for Introducing Groundbreaking GRIT Act to Address Gambling Addiction

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A significant milestone in the fight against gambling addiction, as U.S. Senator Richard Blumenthal of Connecticut and U.S. Representative Andrea Salinas of Oregon introduced the Gambling addiction Recovery, Investment, and Treatment (GRIT) Act. This groundbreaking legislation addresses a critical gap in our nation’s approach to addiction by establishing the first-ever federal funding stream dedicated to preventing, treating, and researching gambling addiction in the US.

Gambling addiction is a significant public health concern, affecting approximately 7 million American adults, and resulting in severe social and economic consequences. The annual social cost of problem gambling is estimated at $7 billion, reflecting gambling-related criminal justice and healthcare spending as well as job loss and bankruptcy. NCPG research indicates that the risk for gambling addiction rose by 30 percent between 2018 and 2021 alone, yet there are currently no federal funds dedicated to gambling addiction treatment or research. This gap underscores the pressing need for comprehensive measures to address and mitigate the impact of gambling addiction.

Susan Sheridan Tucker, President of the NCPG Board of Directors, said: “The GRIT Act reflects a pivotal step towards long-overdue support for those grappling with gambling addiction. We commend Senator Blumenthal and Representative Salinas for their dedication to addressing the burgeoning public health crisis of gambling addiction. The National Council on Problem Gambling stands in full support of this legislation, recognizing its potential to make a lasting difference in the lives of individuals and families across the nation.”

Key provisions of the GRIT Act include:

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• Allocating 50% of the current federal sports excise tax revenue for gambling addiction treatment and research administered by the U.S. Department of Health and Human Services.
• Health and Human Services distribution of 75% to states for prevention and treatment through the Substance Abuse Prevention and Treatment Block Grant program and direct the remaining 25% to the National Institute of Drug Abuse for research grants into gambling addiction.
• Authorizing spending for 10 years and mandating a report to Congress on the program’s effectiveness within three years of passage.

The impact of the GRIT Act provides direct and vital support to state health agencies and nonprofits addressing gambling problems. It also creates investment in best practices and comprehensive research at the national level.

Importantly, the GRIT Act does not raise taxes or create additional bureaucracy. It leverages existing federal excise tax revenue and operates within the existing Health and Human Services framework.

Keith Whyte, Executive Director of the NCPG, said: “The introduction of the GRIT Act is a testament to our shared commitment to mitigating gambling-related harm and addressing the challenges of gambling addiction. This landmark legislation sets the stage to significantly bolster gambling addiction prevention, research, and treatment resources and make a positive lasting impact on individuals and communities nationwide.”

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Compliance Updates

Betsson Obtains Local Gaming Licenses in Peru

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A subsidiary of Betsson AB has obtained its first local licenses for the newly regulated market in Peru. The licenses cover online casino and sports betting for the Betsson and Betsafe brands. Further, licenses for the Inkabet brand are expected to be obtained soon.

Betsson began its Latin American venture already in 2008 and has since then positioned itself as the most recognized sports betting brand in Peru. In 2019, the Group further strengthened its position toward the country with the launch of its Betsafe brand. Two years later Inkabet, a Peruvian-facing sports betting and online casino business, was acquired.

Besides the new licenses, the Group holds licenses in two other key markets in the region, Colombia, and Argentina. In Argentina, Betsson holds licenses in Buenos Aires City, Buenos Aires province, and Córdoba.

Pontus Lindwall, President and CEO of Betsson AB, said: “We have really looked forward to Peru introducing a local regulation and are very pleased with the issuing of these licenses. With this announcement, we affirm our commitment to the local economy and the new regulatory framework in the country.”

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Compliance Updates

LSports Receives Approval to Offer Sports Betting Data Services in Peru

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LSports has announced that the company has received approval from the Peruvian Ministry of Foreign Trade and Tourism (MINCETUR). This regulatory approval marks a significant milestone in LSports’ expansion across Latin America, allowing the company to offer its comprehensive sports betting data services to local operators in Peru.

With this B2B license, LSports can now provide its advanced sports betting data solutions to companies in Peru’s iGaming sector, enabling them to enhance their offerings and compete effectively in the market.

Dotan Lazar, CEO of LSports, said: “This is a significant step in expanding LSports’ footprint in Latin America. We are delighted to be among the first data providers accredited in Peru. The market has great potential, and we look forward to helping our partners launch competitive offerings.”

Lazar added: “The acceptance of this B2B license reinforces LSports’ position as a leading sports betting data supplier in a region known for its passionate fans and vibrant sports culture. LSports is committed to supporting its partners in Peru and beyond, helping them navigate the complexities of the market and achieve sustainable growth. We offer free consultations on expansion strategy and encourage bookies to contact us.”

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Compliance Updates

WorldMatch Certifies Games for Peru

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WorldMatch has achieved a significant milestone by certifying its games in Peru with the Ministry of Foreign Trade and Tourism of Peru (MINCETUR), enhancing its presence in the Latin American market.

Fully compliant with Peruvian regulations, WorldMatch will enable local operators to leverage the company’s innovative and engaging online casino gaming content.

WorldMatch’s Commercial Director for Latam & Iberia, Carlos Garcia Carvajal, said: “WorldMatch has a proven track record of successful offerings in Latin American markets, and we are thrilled to be fully prepared and ready to provide our services immediately in the regulated Peruvian online market. Peru holds great potential as a market, and we are eager to support our partners in launching competitive online gaming content. Our premium game portfolio will offer an enjoyable experience for Peruvian players.”

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