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According to a Wednesday report from the British Broadcasting Corporation (BBC), the watchdog, which is responsible online gambling nj vlfdfor formulating all of the nation’s advertising rules, revealed that its updated regulations are due to come into force from April 2 as a way to help protect gamblers that may be ‘vulnerable’.William Trentini, Chief Executive officer for Wild Crypto, described the new platform as ‘the first major blockchain gaming product to launch’ before declaring that the innovation ‘marks the beginning of a significant shift in our sector’.However, the biggest change is reportedly set to involve the advertising of ‘free bets’ as the Committees of Advertising Practice is to immediately enforce a provision that will require all licensed online casino and sportsbetting operators to prominently list these offers’ specific terms and conditions....
Via a Tuesday press release, the Curacao-licensed crypto-currency platform stated that it raised approximately million courtesy of a four-month token sale while its new back-end system is being supplied by Jersey-headquartered online instant-win and lottery games innovator Twelve40.” “Our new guidance takes account of the best available evidence to strengthen the protections already in place, ensuring that gambling is presented responsibly, minimizing the potential for harm....
In addition, the newspaper reported that the updated rules will stipulate that all ‘matched bets’ offers should treat stake limitations as a significant condition that is advertised upfront.The BBC reported that the announcement of the new rules comes in the wake of this week’s decision by the Gambling Commission regulator to levy a 8,600 fine against ElectraWorks Limited after seven of the prominent online casino operator’s websites were found to have breached existing rules on the promotion of ‘free bonuses’.Wild Crypto stated that its launch is ‘set to disrupt the global lottery and iGaming sectors’ as its inaugural lottery draw offered an ultimate jackpot of one million Wild tokens while it intends to ‘guarantee an open and honest experience’ by publishing all of the results of its games to the blockchain....
However, the biggest change is reportedly set to involve the advertising of ‘free bets’ as the Committees of Advertising Practice is to immediately enforce a provision that will require all licensed online casino and sportsbetting operators to prominently list these offers’ specific terms and conditions.“By delivering a secure and transparent gaming platform built upon pioneering blockchain technology, we have a unique opportunity to reach demographics of players who do not currently engage with existing lottery and iGaming products,” read a statement from Trentini.As an official casino affiliate program for Unique Casino marketing, Ultra Partners has announced a new gaming brand will bonline gambling nj vlfde launching next month....
In the United Kingdom, the Committees of Advertising Practice is reportedly soon set to institute new regulations that will change the way online casino and sportsbetting operators are permitted to promote special offers on their sites.The BBC reported that the updated rules are to be utilized by the Advertising Standards Authority when considering complaints or levying fines and will additionally place further restrictions on adverts that prey on players’ self-esteem or financial concerns.The Daily Telegraph newspaper reported that the new regulations from the Committees of Advertising Practice are to furthermore make clear that any advertised ‘money-back’ promotion must be for cash online gambling nj vlfdrather than a bonus while all ‘risk-free’ offers must explicitly involve the consumer incurring no financial loss....
