Online gambling to grow 11% annually till 2027
TechNavio predicts that the volume of the online gambling market will increase by $150.5 billion by 2027. Sounds promising, right? Especially with the trend for growth in eSports betting.
Anti-money Laundering Guidelines
Now it's official. EGBA made a set of pan-European regulations to help fight money laundering. It will help to handle risk assessments, customer diligence procedures, suspicious transactions or record keeping.
FIFA loot boxes declared gambling in Austria
Following Belgium and Netherlands examples Austria made FIFA loot boxes as a form of gambling. It happened after players sued Sony for spending hundreds of euros on FIFA Ultimate Team packs. Sony was ordered to refund €338.26 but will likely appeal the decision.