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Gambling Commission proposes directing settlement payments to government

Regulation

The Gambling Commission launched a consultation on 5 February proposing that future regulatory settlement payments go to the UK government’s Consolidated Fund, the regulator said. The consultation runs until 2 April and follows the introduction of the statutory levy, which the Commission says creates a risk of separate funding routes for gambling-harm work.

Operators and other stakeholders can respond before the proposed change alters how settlement payments are allocated.

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Regulation

New York special master orders KKR and Shamrock to submit FanDuel records

A New York special master ordered KKR and Shamrock Capital to submit select privileged communications for confidential in camera review in a lawsuit brought by FanDuel co-founder Nigel Eccles and more than 100 co-plaintiffs. Special Master Alan Scheinkman's 33-page order limits the review to FanDuel's pre-sale valuation, the firms' drag-along rights and the founders' expected payout. The order stops short of ruling that the defendants breached fiduciary duties under Scots law.

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