Heads at the online betting exchange Smarkets unveiled to their associates that they had two main announcements to make. Alongside its backers Passion Capital and Deutsche Telekom’s venture capital arm T-Venture, Smarkets claimed that it had acquired remote betting operator license from the Republic of Ireland. This prompted the firm to relocate its HQ to London which provides a convenient locality for controlling its outside businesses.

Following the recent review of gambling rules in Emerald, Ireland now joins the League of Nations that has taken the initiative of according operators with remote betting licenses. This will not only attract more investors in the nation but also boost the income from taxes from these betting firms.

The betting exchange firm claimed that its main objective would be having a centered market in Ireland and attract more clients with their new incentive of low commission rates. Clients with the firm will be accorded with a 2% commission to profits emanating from betting as opposed to 3-5% charge that is incorporated by other marketing firms.

The CEO of Smarkets Jason Trost claimed that it is their duty to award their clients with top class value and openness in their products and services. Their objective of expanding their markets in Ireland gives them an opportunity to award their customers with amazing market odds that are accompanied by a low commission charge of 2% which is very low as compared to other firms offering the same. He was eager to work together with Irish clients as well as having an idea of their main base.

Smarkets has been on the rise in terms of development. This year alone, it claimed to have more than 400% YOY and also stipulated that it would incorporate 75 more staff members who would be based in its new HQs in London.

Its new operational bas in St Katharine in London is a top-floor 10,000 square foot bespoke space that was designed by ThirdWay Interiors; a design company based in London.

Mr. Trost continued to say that the new base will be a source of employment to lucky UK populace as well as providing a strategic location for controlling all businesses happening in and out of the firm. This will be done before the conclusion of the Q4 of 2015.

Back in June, the legislative of Nevada incorporated a law that gave individuals the freedom of investing in any betting site of their preference. Nonetheless, nothing has been put into actions four months since despite the news being welcomed warmly by the betting diehards. It is however claimed that there are some entities that have already started gearing up for the day when sportsbook will gladly acknowledge their deposits.

For instance, Bettor Investments have been eager to be part of the first investors in sportsbook but have all their efforts put on halt as none has come forward in accepting any deal with the firm. The Founder and Managing Member of Bettor Investments Matt Stuart claimed that they are still waiting for the Nevada Division of Gaming to stipulate rules that would bind such a deal.

In essence it is not actually the Nevada Division of Gaming that is keeping potential investors such as Bettor Investments at bay but it is the sportsbook who have the freedom of striking a deal with any firm that has a banking account in the state. In addition, the sports books still have to wait for a go ahead call from the Nevada Gaming Control Board for other declarations.

According to the Chief of Enforcement Division, Nevada Gaming Control Board Karl Bennison, the potential investors have come in to reach for a go ahead signal which has prompted it to give in to their demands and asked various licensees to accept these deals even without any license of authorization.

According to what people perceived, the Board was responsible for charging vetting process, revision as well as improvement of sports betting funds. However, the law only charges sportsbook for vetting as well as the application processes.

Before the year ends, it is believed that the Board will have an opportunity of refining regulations and hence opening the doors for sports books to indulge in investment dealings with willing entities. Bennison claimed that the law has been approved; willing businesses and entrepreneurs have been brought in to the investment market where the only language spoken will be enacted from the law.

More often than not, there are a number of corruption and illegal cases that come to rise in Australian betting markets. In most cases, the illegal betting sites have found themselves colliding with law enforcements on the matter. Nonetheless, it doesn’t mean that it is only the unlicensed remote betting operators go against the law. Some licensed firms have also found themselves in a hot soup when they violate the stipulated gambling rules.

This is a case that has hit CrownBet that has been subjected to a thorough investigation by the New South Wales (NSW) gaming watchdog. The betting company has been accused of using customer’s credit in the endorsement of motivational gambling. The matter has called the authorities to undertake a research and find the truth behind it.

According to the rules stipulated by the NSW Act book, the endorsement of client credit, tickets or any other aspect which may include sign up rewards is illegal. NSW watchdog claimed that it put the matter into consideration and decided to undertake an investigation mainly on the new campaign by the AFL and CrownBet NRL which goes by the title “The Game Just Changed”.

The main antagonism comes as the two advertising firm as have decided to incorporate terms that claim that each time a client places his or her bet, he or she is accorded with the CrownBet reward points that can only be redeemed at the Crown Resorts. The words further claims that in the modern world, none of these aspects have ever been introduced anywhere apart from CrownBet sites. The client should rush and register to initiate cash flow.

Reports from the Australian news have indicated that these vocabularies used in the advert by CrownBet have violated the present advertising standards stipulated by the NSW as well as The Office of Liquor, Gaming & Racing. The betting firm has decided to remain calm and failed to respond to any question raised on the investigation topic.

This investigation comes after various betting firms and other stakeholders advocated for the review of the 2001 Online Gambling Act. The redrafting of these betting policies will be fundamental in keeping the advancements in technology moving upwards as well as incorporation of fresh digital consumer behaviors.

PWC has been mandated by the Responsible Gambling Trust (RGT) to conduct an investigation on the behavioral patterns of the remote betting areas. The PWC will incorporate its investigation in a two phase segment in conduct of the undercover research on whether these remote betting sites are undertaking illegal gambling. This is in response to the customer’s attitude towards betting machines that were licensed by the RGT back in December 2014.

The initial phase will involve PWC indulging in a thorough research on the existence of the remote betting sites and together with Canada’s Responsible Gambling Council will try to eradicate any harm emanating from these betting sites. The second phase of the research involves analyzing their industrial data as well as control system and come up with a proper way in recommending the various ways to be incorporated in attempt to reduce illegal betting in these sites.

RGT announced the tender in March 2015 and after a stressful selection process, PWC was chosen among the best for the job. After eight months of the research, PWC will table its final results to the RGT.

The Chief Executive of the Responsible Gambling Trust, Marc Etches claimed that the main aim of initiating this research process was not only coming up with a clear understanding of behavior portrayed by players but also make much impact in the development of the industry as well as reducing illegal betting cases. He added that the vigor selection process has seen PWC scooping the investigation tender and believed that the company would perform to the very best in coming up with solutions that would minimize if not eradicating any form of illegal betting in these remote betting sites.

At the same time, PwC Partner and Gaming Leader David Trunkfield claimed that he was happy to work closely with RTG in not only partnering in business but also doing something that would change people’s purpose and habits as far as betting is concerned. He continued to claim that his company was ready for the task ahead and would incorporate a data led approach that would in turn bring practical recommendations that would reduce any harm caused by these remote gambling sites.

It was reportedly reported that the investigation that was developed by the Hesse Ministry of Interior and Sports (HMDIS) to the regulations of the Germany online sport betting seems to have hit a rock after they were scheduled for a later time. The investigation was to be undertaken by European Court of Justice Authorities (ECJ).

Many betting firms have been hiding behind authority’s rules and regulations and avoid heavy taxation which they claim would not be crucial for their profit making. Other land based operators have indulged in illegal betting in maximizing their profits. However how these acts are against the law, it has taken the efforts of the law enforcements in fighting off these illegal acts. It has been claimed that huge sums of money have been gained through illegal betting.

It was claimed that the investigation conducted by the ECJ had come up with verdict that several online betting firms should be stripped off their licenses while others had not fulfilled the requirements to be awarded licenses. The verdict was to be made public at the middle of September but this seems to have not be the case.

Lately, the ECJ claimed that it wouldn’t rush into its final conclusion concerning the issue and would extend its D-Day by a full month up to the 22^nd day of October. It is also claimed that the main reason for this delay would be attributed to the fact that both the EU and Industry insiders had not received an official decision from the ECJ and this would continue if a clear statement is not delivered.

It is not yet clear if the HMDIS framework will be adopted by the end of 2015. As a result several shareholders have been left in darkness as they are not sure if German online sports betting will be guaranteed its operations as other operators are not sure if they would reapply a new license.

Criticism have been raised all across the year on the operations of the HMDIS regulatory body. It all started in the Q1 of 2015 when the body claimed to issue 20 operators with licenses, however, this sparked critics towards the government which was accused of segregating few operators in the awarding of the licenses.