🧑🏽💻 Brazil Completes Gambling Legislation Development
Although there are less than five months until the market launch and the application period for licenses ends on August 20, the Secretariat has only received 6 license requests so far. Among the new rules:
👉🏼 Game outcomes must be determined randomly, using random number and symbol generators.
👉🏼 Platforms must inform players about the stake multiplier, which may affect the size of the prize.
👉🏼 Before placing a bet, players must have access to a payout table that explains all the winning odds.
👉🏼 If a player is inactive for 30 minutes, they must be removed from the game.
👉🏼 Platforms must provide clear information about games, including bonus rules for online betting and prizes.
👉🏼 Influencers are also prohibited from promoting gambling as a “solution to financial problems or as a way to achieve personal success.”
🤪 State Duma Passes Law Banning Trash Streams
Earlier, it was proposed in Russia to classify bloggers promoting online casinos as similar to trash streamers. Now, the law provides for administrative and criminal penalties for distributing trash content, with fines ranging from ₽50,000 to ₽1 million.
🎩 US Authorities Call on CFTC to Ban Political Betting
In a letter, senators argued that such bets on platforms like Polymarket undermine public trust in the democratic election process. Polymarket has already collected over $500 million in bets related to US elections. More about election betting can be found here.
🤝 Thai State Council Releases Draft Law Legalizing Gambling Business
The draft law imposes a 17% tax on casino revenues. Operators will be able to obtain licenses valid for 30 years, with an option for a 10-year extension. The draft will soon be submitted to parliament for discussion and amendments.
📝 Singapore Ministry of Home Affairs (MHA) Proposes Amendments to Tighten Casino Regulation
Key amendments include expanding the powers of the Gambling Regulatory Authority (GRA), approving mobile gaming software, stricter criminal penalties related to gambling distribution, and requiring the Home Minister to approve changes in major shareholders within the gambling industry.
Although there are less than five months until the market launch and the application period for licenses ends on August 20, the Secretariat has only received 6 license requests so far. Among the new rules:
👉🏼 Game outcomes must be determined randomly, using random number and symbol generators.
👉🏼 Platforms must inform players about the stake multiplier, which may affect the size of the prize.
👉🏼 Before placing a bet, players must have access to a payout table that explains all the winning odds.
👉🏼 If a player is inactive for 30 minutes, they must be removed from the game.
👉🏼 Platforms must provide clear information about games, including bonus rules for online betting and prizes.
👉🏼 Influencers are also prohibited from promoting gambling as a “solution to financial problems or as a way to achieve personal success.”
🤪 State Duma Passes Law Banning Trash Streams
Earlier, it was proposed in Russia to classify bloggers promoting online casinos as similar to trash streamers. Now, the law provides for administrative and criminal penalties for distributing trash content, with fines ranging from ₽50,000 to ₽1 million.
🎩 US Authorities Call on CFTC to Ban Political Betting
In a letter, senators argued that such bets on platforms like Polymarket undermine public trust in the democratic election process. Polymarket has already collected over $500 million in bets related to US elections. More about election betting can be found here.
🤝 Thai State Council Releases Draft Law Legalizing Gambling Business
The draft law imposes a 17% tax on casino revenues. Operators will be able to obtain licenses valid for 30 years, with an option for a 10-year extension. The draft will soon be submitted to parliament for discussion and amendments.
📝 Singapore Ministry of Home Affairs (MHA) Proposes Amendments to Tighten Casino Regulation
Key amendments include expanding the powers of the Gambling Regulatory Authority (GRA), approving mobile gaming software, stricter criminal penalties related to gambling distribution, and requiring the Home Minister to approve changes in major shareholders within the gambling industry.