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Via a Tuesday press release, the Curacao-licensed crypto-currency platform stated that it raised approximately million courtesy of a four-month token sale while its new back-end system is being supplied by Jersey-headquartered online instant-win and lottery games innovator Twelve40.In the United Kingdom, the Committees of Advertising Practice is reportedly soon set to institute new regulations that will change the way online casino and sportsbetting operators are permitted to promote special offers on their sites.Wild Crypto stated that its launch is ‘set to disrupt the global lottery and iGaming sectors’ as its inaugural lottery draw offered an ultimate jackpot of one million Wild tokens while it intends to ‘guarantee an open and honest experience’ by publishing all of the results of its games to the blockchain....
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The BBC reported that the announcement of the new rules comes in the wake of this week’s decision by the Gambling Commission regulator to levy a 8,600 fine against ElectraWorks Limited after seven of the prominent online casino operator’s websites were found to have breached existing rules on the promotion of ‘free bonuses’.f-insured jackpots.The Daily Telegraph newspaper reported that the new regulations from the Committees of Advertising Practice are to furthermore make clear that any advertised ‘money-back’ promotion must be for cash free slots new zealand igmdrather than a bonus while all ‘risk-free’ offers must explicitly involve the consumer incurring no financial loss....
“We won’t tolerate gambling ads that exploit people’s vulnerabilities or play fast and loose with eye-catching free bet and bonus offers,” reportedly read a statement from Shahriar Coupal, Director for the Committees of Advertising Practice.However, the biggest change is reportedly set to involve the advertising of ‘free bets’ as the Committees of Advertising Practice is to immediately enforce a provision that will require all licensed online casino and sportsbetting operators to prominently list these offers’ specific terms and conditions. The new platform will cater to French players and offer a strong variety of online casino games from major providers....
