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CVC plans to acquire GLI through Avalon Buyer Limited

Deals & M&A

CVC plans to acquire Gaming Laboratories International (GLI) through Avalon Buyer Limited, according to competition filings in Austria and Malta. Austria’s BWB says the transaction would give Avalon sole control of GLI and its affiliates; interested Austrian parties could submit comments by 31 July. The filings describe the proposed acquisition, not a completed deal.

The proposed ownership change concerns a testing and certification provider serving the gaming industry, while the Austrian comment period remains open.

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Regulation

LOTBA presents Polymarket case at international gambling regulators’ conference

LOTBA president Jesús Acevedo discussed prediction-market risks at the IAGR annual conference in Lima, held from 19 to 22 October. LOTBA said its investigation into Polymarket led to the platform being blocked, citing concerns about services operating outside applicable rules and safeguards for verifying users’ identities and ages.

LOTBA presented its investigation into Polymarket at the annual conference of the International Association of Gaming Regulators (IAGR), held in Lima from 19 to 22 October. According to LOTBA, the investigation ended with the platform being blocked. The Buenos Aires city lottery regulator's president, Jesús Acevedo, set out the case during a panel on prediction markets, event contracts and regulatory arbitrage.

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