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The financial regulatory body of the UK has issued a warning against the use of game-like elements in trading applications, saying that they could make customers act against their own interests. The beginning of the week saw the Financial Conduct Authority (FCA) say trading apps were luring their customers to make trades with various in-app badges, points and celebratory messages. According to the body, consumers who use these features were more likely to make investments in products beyond their willingness to take risks. The financial watchdog also addressed trading app…

According to recent research, about 15% of Irish people would not attend horse races due to animal welfare concerns, while 13% of local adults did not like the effects that the sport had on problem gambling. The results of the survey found that local residents’ interest in horse racing was increasing, and the number of people who were against the sport was falling. The survey found that almost half of Irish people polled (43%) were interested in attending a horse race but warned that local racecourses had to be careful…

Stricter gambling regulatory measures in Ireland are set to prevent sports betting operators from operating in close proximity to schools. Local sportsbook companies will also no longer be able to sponsor children’s sports teams. Under the latest sweeping changes to the country’s gambling legislation, betting shops and other gambling outlets will be suspended from operating near schools. According to reports, the Gambling Regulation Bill will include a special provision under which the Gambling Regulatory Authority (GRA), which is set to regulate the Irish gambling industry, will have to take into…

The Football Association (FA) has charged Brentford F.C. star Ivan Toney with 232 alleged violations of the UK gambling rules and he now faces a possible ban from football until at least the end of the season. The professional football player, who was already overlooked for England’s squad for the World Cup in Qatar following the revelations of the ongoing investigation of the FA, has been charged with misconduct for violating gambling laws. Media hubs claim that the report triggered by the Football Association’s probe is about 2,800 pages long.…

Lately, so-called social casino applications have been criticised for not allowing players to cash out their winnings although they pay to play. Now, pressure is building for virtual poker machines, as campaigners call for the Australian authorities to finally regulate them as online gambling. For example, Slotomania, a mobile phone game that was developed by Playtika, an Israel-based company, almost looks like any other electronic poker machine. Players spend tens of thousands of dollars into the game hoping to generate significant winnings but there is one major difference between this…

The new gambling legislation in Ireland that has been recently approved by the country’s Government will not allow gambling adverts before a 9:00 PM watershed. The Gambling Regulation Bill, which has been presented to the Department of Justice by James Browne, the Minister of State, is aimed at providing a more up-to-date and improved approach to the licensing and regulation of the Irish gambling industry. The piece of legislation will recognise the variety of gambling services and activities in the country, as well as the impact of technology on the…

Today, the Irish Government is meeting to approve the publication of the country’s Gambling Regulation Bill. According to reports, the new piece of legislation, which has been led by the Minister of State James Browne in the local Department of Justice, is aimed at providing a more contemporary approach to Ireland’s gambling licensing and gambling regulation procedures. The bill is also known as the piece of legislation that aims at the establishment of the country’s gambling regulatory body, which will oversee gambling websites and mobile gambling apps, gambling advertising, and…

The biggest super funds in Australia have poured over AU$4.2 billion of workers’ retirement savings into the gambling sector – including poker machine manufacturers, lottery and casino operators – although some investment options claim to be socially aware. Investors in the largest poker machine operator in Australia – Endeavour Group – that currently operates 12,539 poker machines in 300 hotels across the nation, include the “Socially Aware” option run by AustralianSuper, the nation’s biggest fund, and the so-called “Sustainable Growth” option offered by Rest, a retail employee fund. Aristocrat Leisure…

An official of the Australian Football League (AFL) is one of the four individuals who have been taken into custody by police forces investigating some claims that an insider with knowledge of the Brownlow Medal tallies of the League provided a betting ring with sensitive information. The investigation is being carried out in cooperation between the Australian Football League and Sport Integrity Australia. Earlier today, detectives from the Sporting Integrity Intelligence Unit of the Victoria Police arrested four individuals over suspicious betting activity associated with this season’s medal count. The…

This week, the UK Gambling Commission (UKGC) released its 2022 Young People and Gambling Report, an annual research that helps the competent authorities and regulators understand British children’s and young people’s behaviour, exposure and involvement in all types of gambling available in the country. The results of the study are used by the UK gambling watchdog to better protect this specific and probably most vulnerable group from the potential negative effects of gambling. In the latest survey, the UKGC revealed there is clearly a group who still finds it hard…