Compliance Updates
beBettor partners with EveryMatrix for light touch financial vulnerability checks
Published
7 mins ago
on
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Data analytics platform beBettor has partnered with EveryMatrix to provide its UK licenced operator partners with frictionless financial vulnerability checks.
In response to Summer 2023 consultations and new UK Gambling Commission regulation coming into force at the end of August this year, beBettor checks will identify financial vulnerability such as where a customer is subject to bankruptcy orders or has a history of unpaid debts.
Checks will initially be introduced at a higher threshold of £500 net deposits in a rolling 30-day period from 30th August 2024. This threshold will then fall to £150 net deposits in a rolling 30-day period from 28th February 2025.
beBettor technology will be integrated across several of EveryMatrix’s modular platform products to further strengthen its operator partners’ responsible gambling controls for all UK players.
Jake Cachia, Head of Compliance, EveryMatrix, said: “As a business, we pride ourselves in delivering the best service to our operator partners. This will provide our customers with additional robust responsible gambling controls while meeting new UK requirements without any friction so we’re delighted to be working together with beBettor.”
Sonny Cott, beBettor Chief Insights Officer, said: “Our aim is to help operators fully meet this new UKGC requirement in a seamless way that minimises business impact. As the 30th August deadline approaches, we are seeing more and more UK licensed operators opt for our frictionless and non-intrusive financial vulnerability solution. Today, it’s brilliant to announce partnering with EveryMatrix as an award winning sportsbook and iGaming supplier and I look forward to working closely with both EveryMatrix and their operator partners.”
Compliance Updates
Charity Commission Closes Case Against GambleAware
Published
26 mins ago
on
July 24, 2024
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The Charity Commission has concluded its investigation into GambleAware without issuing any criticism or findings against the organisation.
Zoe Osmond, CEO of GambleAware, said: “The Charity Commission has written to GambleAware to confirm the case has been closed without criticism, or findings against, the organisation. The Regulator has stated unequivocally that they are ‘assured that the trustees have taken appropriate steps to both ensure its [GambleAware’s] independence from the gambling industry and to address reputational risks arising from its current funding model’.
“Importantly, the Commission has also stated it is ‘satisfied that the Charity’s reliance on industry funding does not impact on decision-making about its activities’. We were pleased to see the Commission acknowledge our robust policies and governance processes as well as the important role our Lived Experience Council plays in providing advice and direction to our activities, among others.
“Gambling harms have a devastating impact on individuals, families, and communities. GambleAware is wholly dedicated to advancing our charitable purposes for the public benefit, which is why we have long called for the introduction of a statutory levy on the gambling industry to provide long-term sustainable funding for the treatment, support and prevention of gambling harms.
“We urge anyone experiencing harm to reach out. Help and support are available through the National Gambling Support Network and the National Gambling Helpline, offering free, confidential assistance 24/7 to those in need.”
Compliance Updates
Gentoo Media extends partnership with bet365 for automated brand protection tool GiG Comply
Published
53 mins ago
on
July 24, 2024
Reading Time: < 1 minute
GiG Comply has today announced the extension of its partnership with bet365 for another year. This extension will see bet365 continuing to utilise Gentoo Media’s automated compliance and brand protection tool, GiG Comply, for the sixth year in a row, reinforcing its commitment to robust regulatory compliance and integrity for their brand.
The renewed contract between GiG and bet365 underlines the mutual benefits and trust in their long standing collaboration. bet365, known for its extensive global reach and diverse product offerings, requires a robust compliance framework to manage its operations. GiG Comply’s advanced monitoring capabilities provide bet365 with the necessary tools to ensure that its marketing efforts remain compliant with regulatory demands, safeguarding their brand.
Rasmus Bank Nielsen, Head of GiG Comply, expressed his enthusiasm about the renewal: “We are delighted to continue our partnership with bet365. This extension demonstrates the effectiveness of GiG Comply as a compliance- and brand protection tool, once and again used by one of the largest and most respected operators in the industry. We look forward to continuously supporting bet365 in maintaining their high standard of regulatory compliance.”
A spokesperson for bet365 commented on the renewal:
“We look forward to entering our sixth successive year of partnership with GiG Comply. Their automated solution is a valuable tool in helping to maintain marketing compliance of the award winning bet365 Partners programme globally. The versatility of the tool means that we can effectively adapt to the ever changing regulatory landscape.”
Compliance Updates
OKTO’s Market Ready PVR Wallet Officially Certified
Published
1 day ago
on
July 23, 2024
Reading Time: < 1 minute
OKTO has announced that its innovative cash-to-digital payment solution, OKTO.PVR, has successfully obtained official certification from iTech Labs, a renowned independent testing laboratory. The OKTO.PVR wallet solution has been specifically tailored for the Italian Top-up Sales Points (PVR) market and is fully compliant with the latest PVR decree and published regulations.
The certification process involved comprehensive functional testing and a meticulous source code review to ensure full compliance with the stringent standards set forth by ADM (Agenzia delle Dogane e dei Monopoli), the primary regulatory body for gaming in Italy. OKTO.PVR met all relevant security, player protection and data registration requirements as per ADM standards ver 2.1. With this certification, the OKTO.PVR wallet solution is now market-ready and set to enhance the digital payment experience for users in the Italian PVR market.
The scope of the certification covers both deposit and withdrawal functionalities for online gaming websites and cash transactions within the retail network. Testing was conducted across multiple platforms to ensure compatibility with a wide range of devices, offering a seamless user experience.
OKTO.PVR addresses the demands of users who prefer offline transactions while enjoying online experiences. By bridging the gap between digital excitement and tangible cash transactions, OKTO.PVR offers a seamless fusion of modern gameplay and traditional financial interactions, aligned with regulatory standards.
Dante Micucci, Country Manager Italy at OKTO, said: “Achieving certification from iTech Labs is a significant milestone. This certification not only highlights our commitment to compliance and security but also reinforces our dedication to providing innovative payment solutions that cater to the unique needs of the Italian gaming market. OKTO.PVR is designed to offer convenience, security, and compliance, making it the ideal solution for both players and operators in Italy.”
