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The Future of Gaming in Brazil Brazil has the fifth largest population, and the ninth largest economy in the world, the country could easily be a significant market for sports betting. With a population approaching almost 220 million, Brazil’s online sports betting market could be worth over $1.15bn, as Senator Flexa Ribeiro pointed out. Although Brazilian online sports betting hasRead more

Developments relating to the control of gambling and gaming activities in Kenya Introduction When it comes to the gambling and gaming industry, Africa should be the next big area to focus on. This is due to its huge population (over 1.2 billion people), the high rate of internet and smartphone penetration. Kenya, alongside South Africa, Nigeria and Ghana are someRead more

Gambling in Africa Huge opportunities in Africa The African continent has over 1.2 billion people living in it and accounts for 16.3% of the world’s population, making it the continent with the largest population behind only Asia. Of the countries we will focus on here, Nigeria is the country with the seventh largest population in the world. The Democratic RepublicRead more

The Technicalities of the Malta Gaming Authority’s DLT Sandbox Framework The nation of Malta has led the way with its blockchain regulations and has encouraged its other major authorities to embrace the technology. The Malta Gaming Authority is a leading regulator of online and land-based gambling and has recently published its guidelines to move towards accepting virtual financial assets andRead more

Bulgaria chapter in ICLG Gaming 2019 edition - contribution of DD Consultus 1 Relevant Authorities and Legislation 1.1 Which entities regulate what type of gambling and social/skill gaming activity in your jurisdiction? Relevant Product Who regulates it in digital form? Who regulates it in land-based form? Gaming Casino gaming (including slots and casino table games such as roulette & blackjack)Read more

The Evolving World of Distributed Ledger Technology Regulations The global need for Distributed Ledger Technology (DLT) Regulations There are two primary reasons behind the governments around the world being rather coy about establishing legally binding regulations for distributed ledger technology and the resulting debate as to the legitimacy of such regulations: a lack of knowledge concerning the function, application, andRead more

The Difference between Digital Coins and Tokens? The world of cryptocurrencies and blockchain continues to expand from its humble beginnings to becoming buzzwords by the conclusion of 2017, to now, when more people and businesses understand the new technology, as well as, its range of applications. One common point of confusion that has arisen surrounds the frivolous nature in whichRead more

The Legality of USA Sports Betting Following PASPA’s Repeal On May 14, 2018, the Supreme Court of the United States overturned the Professional and Amateur Sports Protection Act (PASPA). This action was taken after the state of New Jersey sued PASPA in the case of Murphy v. National Collegiate Athletic Association, claiming that the law infringed the Tenth Amendment ofRead more

Malta Becomes World’s First Blockchain Island Following New Regulation On 4 July 2018, Malta officially passed three bills into law which establishes it as one of the first countries to enact a regulatory framework for blockchain technologies and cryptocurrency. While other nations have decided to wait for a tried-and-tested legal framework to base their regulations on, Malta has pioneered legislationRead more

Sweden’s Liberalised Gaming Regime to Return Power to the State Sweden has been a grey market in the modern age of online gambling, and yet the nation has spawned some of the biggest names in the industry. As of 1 January 2019, however, Sweden will become a fully regulated market following the aptly named bill ‘A Re-Regulated Gambling Market’ beingRead more