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Leading Global Sports Betting Operators create the Brazilian Institute of Responsible Gaming

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The Brazilian Institute of Responsible Gaming (IBJR) unites the leading global brands in the sports betting sector, which are joining forces in Brazil to contribute to the discussion and development of the national gambling market. Sports betting, technically called “fixed odds betting”, which should be regulated by the Federal Government this year, based on law 13.756/18.

Bet365, Betsson Group, Betway Group, Entain, Flutter, KTO Group, Netbet Group, Rei do Pitaco anda Yolo Group are the founding operators of the entity. Combined, they operate in more than 100 countries. “The IBJR’s mission is to collaborate with all sectors of society that want to learn more about the industry and understand how it can be harmoniously integrated into the Brazilian economy, as it has in other countries. We want to help build a safe regulatory environment for customers, while financing of the public sector, and creating a sustainable operating environment for companies”, explained André Gelfi, elected president of the Institute.

He emphasizes that the experience of these companies in successful and unsuccessful
regulated markets can help define the rules for the national market. “The issue of responsibility appears in the name of the institute precisely because this is the mainspring for all actors involved in markets that have successful regulation. In these places, sports betting is seen as a source of entertainment that helps preserve the integrity sport. And it is clear that the sector’s sensitive aspects, such as compulsive gambling and money laundering, must be addressed in a forceful, logical, and responsible manner”, he says.

In addition to the highlighted points, Rafael Marcondes, legal director of the institute, highlights the importance of moving forward with regulation: “The United States and Brazil legalized sports betting in 2018, while in the North American country, regulation has been happening quickly in its various States and bringing positive results, especially when it comes to tax collection, Brazil has fallen behind, allowing the proliferation of companies that are not committed to responsible gaming, which jeopardizes the credibility of the market without providing minimum guarantees to consumers”.

The IBJR considers Brazil’s continental dimensions a challenge for regulation, but not a constraint. The Institute is eager to contribute technical solutions based on comprehensive experiences and global expertise. Clear and demanding compliance rules will be fundamental for the development of the local market. “No other country has enjoyed such a favorable environment for the construction of a successful regulation that can be an example for the world. The government can use aspects of countries that have successfully regulated and adapt them to the local reality”, concludes the president of the IBJR.

Cryptocurrency

XTC Token’s Exclusive Private Sale – Unlocking the Future of Online Gaming and DeFi” Token Private Sale

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XTC, a trailblazer in the convergence of online gambling and decentralized exchange platforms, proudly announces the initiation of its private sale-ICO for the $XTC token. Launching on December 5, 2023, across prominent launchpads, the public sale marks a significant milestone in XTC’s journey towards redefining the online gaming and decentralized finance (DeFi) landscape.

The XTC Experience: XTC goes beyond the conventional online casino or decentralized exchange platform, offering users a dynamic ecosystem that seamlessly integrates social interaction, gambling, and decentralized exchange (DEX). The unique daily yield system sets XTC apart, allowing users to reap rewards based on the performance of the XTC Casino. As the casino flourishes, users stand to witness their earnings grow.

Emphasizing responsible gambling, XTC encourages users to stay within their means and comply with legal gambling age regulations in their jurisdiction. The platform is committed to providing a safe and enjoyable environment, with periodic updates to terms and conditions for fairness and security.

XTC Market Value: Positioned to tap into the substantial $59.2 billion global online betting sector, XTC Casino anticipates remarkable growth. With a vast user base and the increasing adoption of cryptocurrencies, XTC aligns with the projections of the global online gambling market reaching $145.6 billion by 2030, positioning itself as a player in one of the world’s fastest-growing industries.

Holding XTC: XTC token holders are more than just players; they are integral members of the community. Holding XTC provides access to an engaging social platform, offering preferred casino games while connecting with like-minded individuals. The daily yield system enhances the XTC experience, allowing users to earn rewards based on the casino’s performance.

Choosing XTC means participating in a vision where the online gambling industry evolves into a more transparent, secure, and community-driven space.

Why Choose XTC?

  • Decentralized: Easy token acquisition with just a few clicks, cultivating an additional source of income.
  • High Returns: Impressive Returns on Investment (ROI), an attractive choice for those seeking financial gains.
  • No Lock-up Period: Flexibility to choose preferred yield options with no mandatory lock-up period.

Why Now? In the current economic landscape of increasing inflation and market volatility, diversifying assets, including cryptocurrencies, can mitigate challenges. XTC presents an opportunity to safeguard and grow wealth in uncertain times.

XTC Ecosystem: Designed to thrive amid economic uncertainty, the XTC Ecosystem provides a decentralized platform to acquire XTC tokens and enjoy daily yields—a haven for wealth preservation and growth.

Advantages of XTC:

  • Limited Token Supply: Scarcity adds value to the 100 million XTC tokens.
  • Team Token: Locked for 1 year
  • Token Contract: Audited by SolidProof -Germany based company
  • Revenue Sharing: XTC token holders benefit from a portion of the platform’s revenue.
  • Provably Fair System: Casino games operate on a “provably fair system,” allowing players to verify the fairness of their spins.
  • Cash Back: Hold at least 1000 XTC tokens to get cash back in USDT
  • Automatic & Manual Burn: Tokens are burned automatically, reducing the total supply. Manual burns may occur as market conditions dictate.

ICO Presale Stages Dec 5-Dec 13, 2023:

  1. Stage 1 (First 48 Hours):
    • Token Price: 16,000 XTC per BNB
    • Limited Time Offer: Secure your stake with the initial stage offering maximum XTC tokens at an unbeatable rate! Act fast and be part of the groundbreaking revolution.
  1. Stage 2 (Next 48 Hours):
  • Token Price: 10,000 XTC per BNB
  • Opportunity Strikes Again: As the clock ticks, seize the opportunity to obtain XTC tokens at a reduced rate. The momentum is building—join the movement!
  1. Stage 3 (48 Hours):
  • Token Price: 6,666 XTC per BNB
  • The Power of Threes: In this stage, the magic number is 6,666 XTC per BNB. A perfect balance of value and opportunity. Don’t miss out—your gateway to the future awaits!
  1. Stage 4 (Final 48 Hours):
  • Token Price: 5,000 XTC per BNB
  • Grand Finale: The countdown begins for the grand finale! Secure your XTC tokens at the lowest rate of 5,000 XTC per BNB. It’s now or never—position yourself for unparalleled growth.

XTC Roadmap: Key milestones, from private sales and crypto gambling games to partnerships and protocol development, mark XTC’s journey. The platform evolves to meet community requirements and the dynamic landscape of online gambling and DEX industries.

Join the XTC Community: XTC is not merely building a platform; it’s cultivating a community. Join XTC to be part of the future of online gambling and decentralized exchange, where the world redefines the gaming and finance experience.

Follow XTC on social media for the latest updates:

  • Website: https://xtc.exchange/
  • Twitter: https://twitter.com/XTCOfficial
  • Telegram: https://t.me/xtcannouncement
  • Telegram Chat: https://t.me/xtcexchange
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Gambling in the USA

Pace-O-Matic Granted Access to Additional Eckert Seamans Logs

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Pace-O-Matic (POM), the leading skill game developer who conducts significant business throughout Pennsylvania, yesterday released the following statement following an order from the United States District Court for the Middle District of Pennsylvania. The order grants POM additional access to Eckert, Seamans, Cherin & Mellott, LLC’s privileged logs regarding the representation of casinos against skill games.

This decision overrules an appeal by Eckert Seaman Cherin & Mellot, LLC to exclude 120 documents from being produced. The Federal Court has ruled that 116 of those documents should be produced, 3 documents should be produced with redactions, and just 1 document shall not be produced.

“This is another victory for Pennsylvania small businesses and fraternal clubs, our skill game players, and POM as we work to uncover the extent of damage Eckert has done our business. We are pleased the court continues to rule in favor of openness and transparency concerning Eckert’s repeated attempts to shield their nefarious behavior.”

This news comes just days after skill games were declared legal games of skill by the Commonwealth Court of Pennsylvania.

“With the Commonwealth Court affirming POM’S Pennsylvania Skill’s legal status, Eckert’s actions are even more appalling. Eckert repeatedly misrepresented POM’s legal status in Pennsylvania, falsely asserting to lawmakers, local elected officials, regulators, and the public that our skill games were illegal slot machines. Eckert’s deliberate misrepresentation of our skill games has caused significant harm to our business and our industry. Thankfully the bright lights of justice are being shined upon their actions and we look forward to exposing the depths of their actions.”

POM’s lawsuit alleges that Eckert Seamans Cherin & Mellott, LLC, a Pennsylvania-based law firm deceived its client, POM, while at the same time representing a Pennsylvania casino that opposed POM’s operations in the Commonwealth and launched lawsuits against POM.  When confronted with the conflict of interest, Eckert first denied the conflict, then swore to a Federal District Court they would not engage in a conflict, then continued to work surreptitiously against POM and POM’s interests.

Eckert is a major law firm that has more than 300 lawyers across a network of 15 offices, including Philadelphia, Harrisburg, Pittsburgh, Boston, Washington, DC, and Richmond, VA.

The lawsuit contends that Eckert “took up arms” against POM on behalf of the Philadelphia-based Parx Casino; that Eckert “actively participated in and covertly manipulated litigation” in Pennsylvania Commonwealth Court adverse to POM’s interests; and that Eckert participated in a campaign intended to “destroy POM’s business by attempting to convince elected and appointed public officials that POM’s games are gambling devices that should be seized and outlawed.”  Eckert used its influence to improperly target the Pennsylvania Gaming Control Board.

When confronted by POM’s allegation that Eckert was double-dealing and had breached its professional duties of loyalty and confidentiality, Eckert denied the claim, while seeking to shield the law firm’s emails with the Parx Casino. These emails, if made public, reveal that numerous lawyers at Eckert, led by Mark Stewart, co-chair of Eckert’s gaming practice group, were indeed simultaneously taking money from and representing the Parx Casino.

Parx Casino calls itself “the #1 casino in Pennsylvania” and is owned and operated by Greenwood Racing Inc.

Eckert, working at the behest of Parx Casino and its consultants, sought to block Pace-O-Matic from doing business in Pennsylvania.

The suit also alleges that Eckert “violated their most basic fiduciary duties and concealed and misrepresented material facts to POM’s great detriment.  As a result, POM is entitled to appropriate damages.”

In November 2021, US Magistrate Judge Joseph Saporito, Jr. found that Eckert acted in “bad faith” by seeking to withhold emails that demonstrated Eckert was representing both sides.

Eckert, Saporito ruled, “actively and clandestinely managed and participated in the representation of Parx in the Commonwealth Court litigation against its other client, POM. Moreover, based on our in-camera review of the purportedly privileged documents, it did so with full knowledge that the conflict asserted by POM precluded its active and continuing representation of Parx in the Commonwealth Court litigation.”

Saporito continued, “in light of the clear and obviously intentional subterfuge demonstrated in the purportedly privileged documents, we have no difficulty concluding that these documents evidence an intent by Stewart and Eckert to play fast and loose with the courts”.

Eckert appealed Jude Saporito’s ruling, which required Eckert to turn over to POM many internal emails. On July 5, 2022, Federal Judge Jennifer P. Wilson ruled for POM, declaring, “in making inconsistent representations to the court, Eckert has attempted to obstruct the discovery process as to the central issue in this case: whether Eckert breached its fiduciary duty to POM by representing Parx, a party with adverse interests, at the same time that it represented POM.”

POM is a leading developer of games of skill in the United States. Its games are played in thousands of small restaurants and bars, along with many social halls such as American Legion and Veterans of Foreign War posts.  POM games generated millions of dollars in revenue for businesses and clubs in Pennsylvania last year.

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Gambling in the USA

ILLINOIS LOTTERY REMINDS PLAYERS ‘TIS THE SEASON TO GIFT RESPONSIBLY

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With the holiday gift-giving season underway, the Illinois Lottery is reminding players that lottery games are for grown-ups – not kids.

This holiday season, the Illinois Lottery is once again partnering with the Illinois Council on Problem Gambling(ICPG) in the Gift Responsibly Campaign. The annual holiday campaign, spearheaded by the National Council on Problem Gambling, is designed to increase public awareness of the impact and inappropriateness of giving lottery products as gifts to minors.

“Lottery products, especially Instant Tickets, are a popular gift during the holiday season but they are not an appropriate gift for those under the age of 18,” said Harold Mays, Illinois Lottery Director. “Responsible gaming is an integral part of the Illinois Lottery, and we are pleased to once again support the Gift Responsibly Campaign this holiday season by reminding players that lottery games are for adults only.”

The Illinois Lottery joins a network of more than 80 national and international lotteries encouraging players to gamble responsibly and to help keep the holiday season festive by gifting lottery tickets only to adults. Non-lottery organizations are also participating in the campaign as an effort to increase awareness of the risks of underage lottery play during the holiday season.

“Studies have shown that gambling at an early age can increase the risk of problem gambling later in life, including a strong association between age of gambling onset and problem gambling severity among those who receive lottery tickets,” said Dave Wohl, Executive Director at ICPG. “We value our partnership with the Illinois Lottery and applaud their commitment to raise awareness about the risks of youth gambling through the Gift Responsibly Campaign.”

In addition to the Gift Responsibly campaign, the Illinois Lottery promotes responsible play year round by reminding players to Be Smart, Play Smart®. Players are encouraged to play for fun, not funds, and to set a budget and stick to it. For more information on how to play and gift responsibly, please go to the Illinois Lottery website and visit the Responsible Gaming page.

If you or someone you know may be experiencing problems when playing lottery games, please call 1-800-GAMBLER. This toll-free helpline is answered by trained specialists 24/7/365.

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