The UK’s Financial Conduct Authority has recently admitted suffering a data breach. The regulator of all UK payment institutions published a document on its website, by mistake revealing confidential information of 1,600 individuals.
Carefully selected news for the smart bettor
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.
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.
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
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.
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.
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.
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.