Compliance Updates
FORMER NEW JERSEY DIVISION OF GAMING ENFORCEMENT LAB CHIEF ERIC WEISS JOINS ERIC FRANK’S REBRANDED CONSULTANCY ODDS ON COMPLIANCE
Odds On Compliance has been officially unveiled as the rebrand of EDF Compliance, with immediate effect. Eric Frank, Odds On Compliance CEO and Founder, who launched EDF Compliance in early 2021 to provide industry-leading regulatory compliance consultancy services to the sports betting, iGaming and gambling sectors, announced the new Odds On Compliance brand, and welcomed industry veteran Eric Weiss, VP of Technical Compliance for Odds On Compliance, to the team.
“I am delighted to officially unveil Odds On Compliance as the new name for EDF Compliance and welcome Eric Weiss to the Odds On team,” announced Eric Frank. “Eric adds unrivaled U.S. regulatory and market knowledge to our core group, enabling us to meet the broad range of needs of our clients. Our experience, knowledge and skills immediately position Odds On Compliance as the leading provider of regulatory compliance consultancy services in the sports betting, iGaming and gambling industries in the U.S. and worldwide. The value to our customers goes beyond our years of experience in the industry, as I’m also excited to announce the creation of our software development arm which is building unique compliance and regulatory information tools which we will be unveiling soon.”
Odds On Compliance CEO and Founder Eric Frank is a sports betting, iGaming and gambling industry leader. His past experience includes roles as Group Compliance Officer at The Stars Group and as a legal advisor at an AM Law 100 firm. He is currently working as an advisor to a multitude of industry clients, acting on the advisory board of BettorFantasy, and working as a special advisor to Genius Sports on U.S. regulatory affairs. This range of experience gives Eric market-leading insights and experience into the complex and dynamic regulatory compliance market, both in the U.S. and abroad.
Eric Weiss is recently retired from the New Jersey Division of Gaming Enforcement, where he served as Chief of Staff, and, most recently, Deputy Executive Director – Technical Services / Slot Laboratory. Eric joins Odds On Compliance as Vice President, Technical Compliance and brings over 30 years’ experience, adding significant market insights, experience and knowledge to the core team.
“I am proud to be joining Eric and the team at Odds On Compliance and am excited to start work with our clients,” added Eric Weiss. “There isn’t anyone in the industry with the combined knowledge Odds On Compliance brings to companies who need help navigating the ever-evolving world of sports betting compliance and regulatory environments, so the chance to join the team was one I could not turn down.”
Alongside Eric Frank and Eric Weiss are Mike Mignone, Senior Advisor, Technical Compliance; Joe Casole, Senior Advisor, Regulatory Compliance; and Jared Bowen, Senior Project Manager. Mignone’s experience includes working in Quality Assurance and Technical Compliance at GLI, and at William Hill as the Technical Compliance Manager for the Eastern United States. Casole brings experience in the gaming and cannabis groups at Duane Morris LLP, one of the world’s largest law firms, and managing global regulatory compliance at GLI. Jared Bowen is a U.S. Army veteran who deployed to Afghanistan from 2010 to 2011 as part of Operation Enduring Freedom. Prior to joining Odds On Compliance, Bowen was an IT management professional, supporting businesses across multiple industries since 2011.
Compliance Updates
Tennessee Sports Wagering Council Takes Action Against Illegal Sportsbook
The Tennessee Sports Wagering Council through its executive director issued $50,000 in fines to Bovada.lv, an unlicensed and therefore illegal sportsbook operating in Tennessee.
Bovada failed to comply with cease and desist letters delivered to addresses in Curaçao, and Council investigators placed wagers through Bovada’s platform on three separate occasions, including as recently as October 16, 2024.
The Sports Gaming Act authorizes the Council to impose a $10,000 fine for the first offense of accepting wagers without a license, which rises to $15,000 for the second offense, and $25,000 for the third offense. Subsequent offenses may lead to the imposition of a $25,000 fine for each occurrence, an occurrence being a single wager accepted in Tennessee.
In the cease and desist letters, the Council ordered Bovada to allow all Tennessee users to withdraw any funds currently held by the unlicensed sportsbook.
“The Sports Wagering Council recommends that Tennessee users of Bovada withdraw their funds immediately. Our primary role is the protection of the public interest through a safe, regulated environment, and Tennessee sports bettors need to know that just because they can access a sports betting website or app inside Tennessee’s borders does not mean it is licensed to do business here,” Mary Beth Thomas, Executive Director of Tennessee Sports Wagering Council, said.
Legal sportsbook operators provide important bettor protections not found in the illegal market. If an individual wagers with unlicensed sportsbooks, their sensitive financial and personal information may not be protected and could even be shared with criminal enterprises. The bettor’s money could be withheld or disappear without a way to recover it.
The SWC is working closely with its network of law enforcement at the state and federal level to eradicate illegal sportsbooks such as Bovada and others.
Tennessee is the largest “online-only” sports betting market in the US, with more than $4.7 billion wagered in Tennessee last fiscal year through online sportsbooks licensed by the Council.
Compliance Updates
Delasport Ready for Brazil Expansion
Award-winning iGaming supplier Delasport has just positioned itself as the most progressive supplier to date by meeting the new Brazilian regulation requirements for Sports Betting and Online Casino. The global technology developer has taken all required measures to comply in terms of certifications, Data vault integration, payment providers, KYC, AML, and much more.
Delasport’s team of over 400 experts worldwide are advancing to deliver its renowned products and services to the Brazilian market. They have partnered with GLI (Gaming Laboratories International) – the leading certification lab approved by the Brazilian Ministry of Finance.
So far, Delasport is fully certified against GLI-33 and GLI-19 – the standards that have inspired regulators in Latin America and likely in Brazil. Additionally, the team is in the process of submitting the platform for certification against Brazilian technical standards. Delasport is also advancing rapidly through data quality testing of its integration with the SIGAP Datavault system.
Key Advantages
Operators that plan on entering the newly regulated Brazilian market will have numerous advantages if they partner with Delasport. They will be able to provide their players with personalization features like My Sportsbook, My Event Builder, My Combo, and My Casino that skyrocket revenues and retention.
Furthermore, Delasport’s KYC and AML provider is a market leader that guarantees the highest level of compliance for all operators that choose to go on this route.
Also, Delasport has already partnered with numerous PIX payment system operators and provides a real-time AI-powered Responsible Gambling system which can easily adapt to local regulations.
Another key advantage is the strong relationship with third-party casino suppliers that will soon be able to provide their exciting portfolios to this thrilling jurisdiction.
Last, but not least, operators will feel Delasport’s support from the get-go all the way to establishing themselves as a market leader. Delasport is knowledgeable of the cultural and regional differences within Brazil and can address all localization needs before they arise.
“Delasport stands on a solid foundation of experience, supplying Tier 1, Tier 2, and Tier 3 operators in highly regulated markets globally”, the company’s CCO Filippo Ferri comments. ‘This makes Delasport fully equipped to assist operators navigating complex platforms or adapting to modern jurisdictional requirements, such as Brazil’s.’
The supplier’s VP of Business Development Rosaire Galea Cavallaro adds: ‘It’s a great privilege to enter such a vast and exciting market with the confidence that we’ve gained at Delasport throughout the years. We’re looking forward to seeing our product in action in a new territory, achieving and maintaining solid margins for our partners, keeping the record of having double digit margins in sports betting and helping them scale with ease in both verticals to generate maximum revenue for their brands.’
Canada
IAGR announces Toronto as host city for 2025 conference
Hot on the heels of its most attended conference in history, the International Association of Gaming Regulators (IAGR) is excited to announce that its 2025 conference will take place in Toronto, Canada, from October 20 to 23, 2025.
The event will be held in partnership with the Alcohol and Gaming Commission of Ontario (AGCO) at the Westin Harbour Castle, offering stunning waterfront views and a premier, downtown Toronto location.
‘Fresh off the success of our Rome conference, we’re thrilled to continue the momentum with next year’s event in Toronto,’ said Ben Haden, IAGR President.
‘The IAGR 2025 conference promises to be another unparalleled opportunity for our global community to come together, collaborate and shape the future of gaming regulation. We’re looking forward to working with AGCO to bring it all together.’
AGCO CEO and Registrar Dr. Karin Schnarr, added, ‘We’re excited to welcome IAGR and its members to Toronto. This partnership provides a great opportunity to share Ontario’s innovative regulatory practices and foster meaningful discussions that drive positive change in the industry.’
Stay tuned for registration details early next year.
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