Ringy Rose Posted April 29, 2023 Share Posted April 29, 2023 Just now, offshoremanxman said: No it’s correct. Maltese companies are the worst for it. As I said, companies regulated in good jurisdictions. Malta is a mafia state. 2 Quote Link to comment Share on other sites More sharing options...
hissingsid Posted April 29, 2023 Share Posted April 29, 2023 It was reported this morning on the nations station that in the case in discussion on here it was the stock market . Quote Link to comment Share on other sites More sharing options...
Banker Posted April 29, 2023 Share Posted April 29, 2023 50 minutes ago, Ringy Rose said: As I said, companies regulated in good jurisdictions. Malta is a mafia state. You are very correct, most egaming companies cooperate fully with any regulatory agency as they risk losing licenses otherwise, offshore will be blaming DBC soon 😂 However I will say egaming needs to do a lot more to stop problem gambling eg ban free bets, stop advertising on programs like football that lots of young people watch, contribute a lot more to addiction services etc 1 Quote Link to comment Share on other sites More sharing options...
offshoremanxman Posted April 29, 2023 Share Posted April 29, 2023 1 hour ago, Ringy Rose said: As I said, companies regulated in good jurisdictions. Malta is a mafia state. It goes without saying though that a lot of operations are based there and they are less than transparent even with the law enforcement agencies. Quote Link to comment Share on other sites More sharing options...
Ringy Rose Posted April 29, 2023 Share Posted April 29, 2023 9 minutes ago, offshoremanxman said: It goes without saying though that a lot of operations are based there Quite a few are, same with the Philippines and Curacao. Quite a few aren’t regulated at all. But ones that operate in the UK have to be regulated in the UK, even if they’re based elsewhere. And they do have to co-operate otherwise they lose their licence. 1 Quote Link to comment Share on other sites More sharing options...
offshoremanxman Posted April 29, 2023 Share Posted April 29, 2023 36 minutes ago, Ringy Rose said: Quite a few are, same with the Philippines and Curacao. Quite a few aren’t regulated at all. But ones that operate in the UK have to be regulated in the UK, even if they’re based elsewhere. And they do have to co-operate otherwise they lose their licence. Agreed but when these ‘fraudsters’ claim to have lost all their money to some operation it never appears to be with a well regulated operation in somewhere like the UK it often seems to be gaming operations elsewhere which make the chances of following the chain slim. Which adds weight to my belief that half the time the money hasn’t been lost at all. They’ve had it and will get it back at some stage. Quote Link to comment Share on other sites More sharing options...
TheTeapot Posted March 13 Author Share Posted March 13 Continuing reporting of the dubious nature of our gambling industry https://www.playthegame.org/news/the-root-of-illegal-betting-britains-white-label-industry-that-not-even-the-regulator-oversees/ 2 Quote Link to comment Share on other sites More sharing options...
code99 Posted March 17 Share Posted March 17 On 3/13/2024 at 6:11 PM, TheTeapot said: Continuing reporting of the dubious nature of our gambling industry https://www.playthegame.org/news/the-root-of-illegal-betting-britains-white-label-industry-that-not-even-the-regulator-oversees/ This is another piece of good journalism which exposes illegal betting. Clearly, illegal betting is a huge problem. There are also problems with legal betting, not the least is their prolific advertising that targets new punters, especially young people. Unlike betting ads on the TV, which seem to be completely unrestricted, these days tobacco ads are banned, the alcohol ads are restricted and ads promoting sugar consumption are also limited (presumably, in the run-up to Easter there will a bombardment of ads about chocolate Easter eggs, but these are exceptions rather the norm). The article below highlights the problem: “Researchers at Bristol University have reported a rise in gambling promotions that typically blur the line between advertising for a betting company and popular cultural references. The research has found many children do not even recognise these promotions, known as content marketing, as advertising. It warns that this may lead to children following betting companies on social media, making it more likely that they sign up with them when they turn 18 and can legally gamble.” https://www.theguardian.com/society/2024/mar/17/sneaky-social-media-ads-are-luring-young-into-gambling-say-campaigners 2 Quote Link to comment Share on other sites More sharing options...
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