Brazil’s betting market is continuing to adjust to its grey-white transition, as are political overseers and major companies like YouTube which sit on the sidelines of gaming but are nonetheless affected by its developments.

Recent developments have seen marketing placed front-and-centre in politicians’ and tech firms’ agendas. Notably, YouTube will introduce strict new measures from 19 March which will block content related to illegal online gambling websites – though these policies are not isolated to Brazil, they do have a particular relevance to the developing market.

Luckily for the regulated industry, this lines up with its ambitions in the early days of the market. Speaking at the SBC Summit Rio last month, key stakeholders stated that addressing illegal gambling activity is a top priority.

“We need to fight illegal houses, something that really has an impact on our market. Once they are working illegally they hinder the way Brazilian people see our market,” Rafael Borges, CE..

Spelinspektion, the Swedish gambling authority, has found GG.Bet to be in breach of Swedish gambling law.

After an investigation, the regulator found that when accessing the domain owned by ASG 360 Services Ltd from a Swedish-based IP address, the pre-selected currency was Swedish Krona (SEK).

Additional details around the investigation revealed that Swedish-based customers were in no way prevented from opening an account with ASG 360 Services. The company currently has no licence for the Swedish market.

Headquartered in Cyprus, the company also operates 20 additional domains that were listed by Spelinspektion. Some have been found to offer marketing in Swedish, the regulator further noted.

Sweden’s rulebook
The Swedish Gambling Act strictly prohibits any type of gambling targeting the Swedish market unless the necessary requirements – one of which is having a local license – are met.

It is within Spelinspektionen’s powers to request the ceasing of unregulated services with i..

Denmark’s gambling authority, Spillemyndigheden, has urged operators to take notice of the Financial Action Task Force’s (FATF) updated monitoring list.

The FATF is an international AML and CTF monitoring body that advises jurisdictions on action plans to combat criminal activity, and scrutinises those who fall behind. It was set up by the G7 group of countries, but its influence is felt globally.

Meanwhile, under Danish and EU gaming laws, licensees are required to perform enhanced customer due diligence (EDD) checks when there is cause for concern that a player has put an operator at risk of being misused for money laundering or terrorist financing.

One of these risk precursors is when a player is linked to a high-risk jurisdiction – such as one on the FATF’s ‘grey list’ or ‘black list’ of countries.

While the presence of a jurisdiction on the FATF’s monitoring list does not require an EDD check in and of itself, increased due diligence is mandatory when a country appears on the..

Brazil’s betting market is continuing to adjust to its grey-white transition, as are political overseers and major companies like YouTube which sit on the sidelines of gaming but are nonetheless affected by its developments.

Recent developments have seen marketing placed front-and-centre in politicians’ and tech firms’ agendas. Notably, YouTube will introduce strict new measures from 19 March which will block content related to illegal online gambling websites – though these policies are not isolated to Brazil, they do have a particular relevance to the developing market.

Luckily for the regulated industry, this lines up with its ambitions in the early days of the market. Speaking at the SBC Summit Rio last month, key stakeholders stated that addressing illegal gambling activity is a top priority.

“We need to fight illegal houses, something that really has an impact on our market. Once they are working illegally they hinder the way Brazilian people see our market,” Rafael Borges, CE..

Spelinspektion, the Swedish gambling authority, has found GG.Bet to be in breach of Swedish gambling law.

After an investigation, the regulator found that when accessing the domain owned by ASG 360 Services Ltd from a Swedish-based IP address, the pre-selected currency was Swedish Krona (SEK).

Additional details around the investigation revealed that Swedish-based customers were in no way prevented from opening an account with ASG 360 Services. The company currently has no licence for the Swedish market.

Headquartered in Cyprus, the company also operates 20 additional domains that were listed by Spelinspektion. Some have been found to offer marketing in Swedish, the regulator further noted.

Sweden’s rulebook
The Swedish Gambling Act strictly prohibits any type of gambling targeting the Swedish market unless the necessary requirements – one of which is having a local license – are met.

It is within Spelinspektionen’s powers to request the ceasing of unregulated services with i..

Next week, the Senate of Brazil will review proposals made by the CPI of Integrity, a congressional inquiry, to ban instant bets and apply toughest punishment on sports corruption

Senator Romário (PL-RJ) and Senator Jorge Kajuru (PSB-GO) are ready to publish the first regulatory recommendations on the protections and integrity of the Brazil Bets market.

The recommendations form part of the Senate’s Commission of Inquiry chaired by Romário and Kajuru, who were tasked with examining the corruption and match-fixing liabilities threatening the integrity of the betting market.
Referred to as the CPI of Integrity, the senators are set to finish the investigation on Wednesday, 19 March. The duo have taken testimony from football authorities, club presidents, and members involved in former match-fixing scandals.

As such, next Wednesday the Senate will convene to read Romário and Kajuru’s report on “The Manipulation of Sports Games and Betting.” The proposed measures address structural vuln..