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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’. As an example, The Daily Telegraph used a current advert from bookmaker Ladbrokes that purportedly promises all new online players an ‘up to ￡50 free bet’ although a spokesperson for the watchdog told the newspaper that this offer does not make clear that this is a ‘matched bet’.“By delivering a secure and transparent gaming platform built upon pioneering blockchain technology, we have a unique opportunity to reach demographics of players who do not currently engage with existing lottery and iGaming products,” read a statement from Trentini....
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.In addition, the newspaper reported that the updated rules will stipulate that all ‘matched bets’ offers should treat stake limitations as a significant condition that is advertised upfront.”...
In addition, the newspaper reported that the updated rules will stipulate that all ‘matched bets’ offers should treat stake limitations as a significant condition that is advertised upfront.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. “Our new guidance takes account of the best available evidence to strengthen the protections already in place, ensuring that gambling is presented responsibly, minimizing the potential for harm....
The BBC reported that the updated rules are to be utilized by the Advertising Standards Authority when considering complaints or levying fines and will additionally place further restrictions on adverts that prey on players’ self-esteem or financial concerns.William Trentini, Chief Executive officer for Wild Crypto, described the new platform as ‘the first major blockchain gaming product to launch’ before declaring that the innovation ‘marks the beginning of a significant shift in our sector’. As an example, The Daily Telegraph used a current advert from bookmaker Ladbrokes that purportedly promises all new online players an ‘up to ￡50 free bet’ although a spokesperson for the watchdog told the newspaper that this offer does not make clear that this is a ‘matched bet’....
The broadcaster reported that the fresh regulations are set to include an outright ban on the phrase ‘bet now’ while also instituting stricter restrictions on the advertising of special offers for all United Kingdom-licensed online casinos and sportsbetting sites during live events such as football matches. As an example, The Daily Telegraph used a current advert from bookmaker Ladbrokes that purportedly promises all new online players an ‘up to ￡50 free bet’ although a spokesperson for the watchdog told the newspaper that this offer does not make clear that this is a ‘matched bet’.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....
