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FATF warns illegal gambling rivals legal markets in some countries

Regulation

The Financial Action Task Force said illegal and unlicensed gambling has reached a scale comparable with legal markets in some countries, creating money-laundering and terrorist-financing risks. Its report examined 80 jurisdictions and recommended risk-based measures, stronger licensing and registration, and greater international cooperation.

The recommendations signal areas regulators and gambling businesses may need to address in efforts to detect illicit finance.

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Regulation

Betting sector prepares legal action against technology companies over allegedly illegal advertising

Betting industry groups are preparing legal action against technology companies over revenue from allegedly illegal advertising. The groups say they want the advertising to stop immediately.

The Associação Nacional de Jogos e Loterias (ANJL) and the Instituto Brasileiro de Jogo Responsável (IBJR) are preparing a joint legal action against large digital platforms that carry and monetise advertising from sports betting and virtual gaming operators not authorised to operate in Brazil. The associations say the aim is to stop irregular advertising immediately and to establish that platforms cannot be treated as neutral intermediaries when they earn revenue from advertisements placed by operators outside the law.

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