Graeme Hanna

1 week ago | readwrite.com | Graeme Hanna

Fanatics Betting and Gaming has moved toward progression in Massachusetts after a state authority gave its approval for a full five-year license, subject to conditions. The Massachusetts Gaming Commission (MGC) held a hearing with the outcome recommending the long-term provision. Fanatics is currently offering its services in the Commonwealth under a one-year category 3 sportsbook license, along with six other operators, which are subject to the same suitability and regulatory process.

1 week ago | readwrite.com | Graeme Hanna

The Japan Casino Regulatory Commission has been tipped to reopen the bidding process for two vacant integrated resort licenses later this year. The Commission only issued one of the three available IR permits in 2023, but now there could be some movement in the dormant project. When the legal casino complexes were first approved in Japan in 2018, bullish estimates predicted the market could achieve massive gross gaming revenues of up to $40 billion a year.

1 week ago | readwrite.com | Graeme Hanna

Kalshi CEO Tarek Mansour lauded a “historic” outcome after the U.S. Commodity Futures Trading Commission (CFTC) dropped its appeal against the online prediction market platform. According to a U.S. Court of Appeals filing, a request was made by the CFTC to allow the authority to voluntarily dismiss the case, with each party responsible for the accrued costs and fees to date.

1 week ago | readwrite.com | Graeme Hanna

The United Kingdom Gambling Commission is considering regulatory enforcement against Allwyn over its failure to deliver on pledges made during its successful bid for the fourth National Lottery license. As reported by The Times, the gaming operator has blamed various issues on the lack of technical upgrades anticipated under its remit for the British lottery.

1 week ago | readwrite.com | Graeme Hanna

Spooniker has been fined SEK10 million ($1.03m) by Spelinspektionen, the Swedish regulator, over a failure to respond to previously notified AML failures. The online gaming operator is responsible for several casino and betting sites in Sweden, with a follow-up probe from the regulator finding that it had not “achieved sufficient customer due diligence” to be able to assess the risk of money laundering with the absence of identification for the exact source of funds.