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Compliance Updates

FORMER NEW JERSEY DIVISION OF GAMING ENFORCEMENT LAB CHIEF ERIC WEISS JOINS ERIC FRANK’S REBRANDED CONSULTANCY ODDS ON COMPLIANCE

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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.

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“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

GLI Becomes First Laboratory to be Accredited in Maranhão, Brazil

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Gaming Laboratories International (GLI) has become the first laboratory to achieve accreditation in Maranhão, Brazil. The accreditation allows GLI to perform tests and certification for the gambling and lottery industry interested in working with lottery and fixed-odds betting operators in the state of Maranhão.

The milestone is the latest in a series of regulatory achievements for GLI in Brazil. Lottery of the State of Maranhão is the third jurisdiction in Brazil to accredit laboratories, and GLI is accredited in all and the first to be authorized in all.

Cassiano Pereira Junior, president of Maranhão Parcerias (Mapa), highlighted the importance of the partnership between the Maranhão State Lottery (Lotema) and GLI. “Every day we strive to make Lotema even better, providing greater security for its users. The partnership with GLI is a concrete way of achieving this goal, as its certification laboratories play an important role for the gaming and lottery industry, guaranteeing the conformity, security, and integrity of the products and systems used by Lotema,” Cassiano explained.

“We are grateful to the Lottery of the State of Maranhão for granting GLI the laboratory accreditation, becoming the first to be authorized in Maranhão. It is extremely gratifying to see how Lotema empower themselves by trusting the technical compliance process to provide transparency, integrity, and accountability to all the industry stakeholders through the certification process. The laboratory accreditation is the first step for a successful implementation of the certification based on jurisdictional standards, and the reason why we at GLI take this step very seriously and with great priority every time a new jurisdiction opens. We feel responsible for being part of the solution towards a fast and efficient implementation of regulations, thus supporting further local industry development and sustainable growth. We are grateful to Lotema and excited to be part of its thriving industry,” said Karen Sierra-Hughes, Vice President of Latin America, Caribbean, and Spain.

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GLI has been working with regulators, lotteries, and industry stakeholders across the Latin American and Caribbean region for more than 26 years in their efforts toward regulation, sustainable growth, and eradicating illegal gaming. In Brazil, GLI has been side by side with government entities and all industry stakeholders for nearly 20 years, participating in public hearings in the Senate, Chamber of Deputies, and State government level, and in recent years, adding strategic local representation to strengthen their local support.

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Compliance Updates

Betano Receives Licence to Operate in Colombia

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Kaizen Gaming Colombia, owner of the Betano.co brand, was authorized by Coljuegos to operate online betting in the country. With this new operator, there are now 16 web platforms that have the approval of the entity to market games of chance online.

“We continue to strengthen the online gaming industry. We hope that, with the entry of this new operator, we can continue to increase transfers for the health of Colombians. At this time, the platform is already operating for the betting public,” said Marco Emilio Hincapié, president of Coljuegos.

The entity is also in the process of authorizing an additional operator called Bingo Casino, which is expected to begin offering bets in the coming weeks.

It is worth mentioning that, by 2024, it is estimated that online betting portals will pay around $419,527 million to Coljuegos for exploitation rights, which represents an increase of 31% compared to the same period in 2023. All of these resources are transferred to the health system.

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“We are seeing that online betting is a sector of the economy that has driven the growth of the country’s Gross Domestic Product. That is why we are working to make the market even more attractive and to provide more options to bettors,” said the president.

According to financial projections, this new operator is expected to pay Coljuegos around $21.513 billion over the next five years for operating rights and administration costs, resources that can be transferred to subsidize health and scientific research.

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Compliance Updates

Chris Christie bets on Texas to approve OSB in 2025

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Former New Jersey Governor Chris Christie has backed Texas to legalise online sports betting in the state’s next legislative session. 

Christie helped pave the way for sports betting liberalisation across the US by bringing the Supreme Court case that led to the repeal of PASPA.

The case was fought and won by prominent conservative lawyer Ted Olson, who Christie hired to argue the case for states to make their own decisions on sports betting. Olson died last week at the age of 84.

After Missouri became the 39th US state to legalise sports betting in some capacity, attention has quickly turned again to the big three states of Texas, California, and Florida.

“I think it’ll happen in Texas in the next legislative session,” said Christie, speaking to Covers.com. The next session is due to commence in Texas on January 14, 2025.

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Christie is less confident about California, however, where competing sports betting ballots failed in 2022 amid a bitter dispute and lobbying war between online operators and local tribes.

California is seen as essential to the future prospects of US sports betting operators, given its size and wealth and dramatic impact on the country’s total addressable market (TAM).

“I don’t know about California,” said Christie. “This really takes gubernatorial leadership, and Gavin Newsom has got to decide if this is one of the issues he wants to lead on.

“Without gubernatorial leadership, the legislature won’t do it because they’re pulled like taffy in too many directions by too many different interests. Without the governor pushing for it, I just don’t think it’ll happen.”

Despite another potential setback in California, Christie has backed sports betting to penetrate pretty much every state eventually.

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“I really believe sports betting is inevitable to go just about nationwide, because people in America love their sports, they just do,” he said. “I think it is in the leagues’ best interests to grow their audience. The government gets some piece of the pie out of that which they enjoy, and the public seems to be pretty happy for the most part.”

Depending on expansion, US sports betting could, in theory, reach every state. It would then become a national issue, but Christie has warned the federal government not to interfere.

“Let the states handle it,” he said. “The states are doing fine. You haven’t heard of anything awful or irreversible happening since each state has been involved and they should have the ability to decide whether they want gambling or not.

“I don’t think the federal government should have anything to do with it and I don’t think they ever should have. I don’t think they have to be babysitters for the governors of the country.”

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