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DGOJ publishes ACB agreement on betting-market investigation service

Regulation

Spain's DGOJ published details of its agreement with the Association of Basketball Clubs (ACB) for joining the Global Betting Market Investigation Service. The ACB will share information about suspected fraud and follow DGOJ instructions; the initial term is one year, with one possible extension.

The agreement enables the ACB to share suspected-fraud information and follow DGOJ instructions.

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Regulation

DGOJ links prediction markets to betting exchange rules in Spain

Spain’s DGOJ described prediction markets as cross-betting products in a 26 May notice, while its director general reiterated at MERGE Madrid in late October that gambling products require a licence to operate in Spain. The notice did not specify which licence applies; the article interprets the existing cross-betting category as potentially relevant. Italy’s 2013 rules allow player-to-player betting on non-sporting events, but the source says such events have not become part of a working exchange market.

Spain's DGOJ described prediction markets as player-to-player cross-betting in a 26 May notice, but did not say which licence applies, according to an analysis on an Italian gambling industry site. The author said a link to an existing cross-betting licence was an interpretation.

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