News

Carefully selected news for the smart bettor

Matchbook shocked UK

matchbook

Sports betting exchange Matchbook shocked UK gambling community by declaring that its license is suspended by the United Kingdom Gambling Commission (UKGC). This decision came into force on February 17 at 23:59 and stopped all betting and casino action for UK traffic.

Bonus abuse the number one reported fraud, Iovation says

iovation report

Iovation, a global fraud solution provider, released its 2020 iGaming report. The report is important because of Iovation’s dominant position in the gambling ecosystem and the number of operators using its services.

IBIA reports a significant drop in suspicious betting alerts for 2019

The International Betting Integrity Association (IBIA), formerly known as ESSA, has reported a significant decline in suspicious betting alerts for 2019. IBIA is a non-profit association whose members include many of the world’s largest regulated betting operators, Bet365, WilliamHill, Betfred to name a few

New account fraud has more than doubled since 2014, Jumio reports

We mentioned several times in our articles, the importance of companies that handle and analyse data. Jumio was one of the first companies that integrated the gaming and gambling industries, now considered a global leader in online identity verification.

Bet365 announced new records for profits and revenue

bet 365 description

Privately owned UK online sports betting giant Bet365 announced the record fiscal year 2018-19 during which it’s betting and gaming revenue hit £2.98b. Operating profit rose 12% to £0.767b and profit after tax rose 16% to £0.682b.

China to Launch “Digital Currency Electronic Payment” to Combat Illegal Online Gambling

china smartphone

The People’s Bank of China (PBoC) may launch its own digital currency in the next 18 months, the world’s first state-backed cryptocurrency ‘’Digital Currency Electronic Payment’’ (DCEP). Among other aims, DCEP is designed to combat illegal online gambling, a real scourge for China. Chinese is the most gambling-addicted nation on the planet, studies have shown.

Sportsbet Is Ordered To Pay Approximately 5.500.000 Euros

Australia’s largest online bookmaker Sportsbet is ordered to pay approximately 5.500.000 Euros of unfairly cancelled bets, Australian media reports. This could only happen in a country with strong institutions like Australia, where fellow bettors can raise their voice.