Daily Archives: November 8, 2022

Gambling Commission lifts Lebom suspension after Gamstop integration

The Gambling Commission (GC) has lifted football prediction and betting operator Lebom Limited’s licence suspension after the company integrated with self-exclusion scheme Gamstop.

Lebom had its licence suspended on 3 November after failing to integrate with Gamstop’s self-exclusion platform. Since March 2020, It has been a mandatory requirement for operators to integrate with the service and to refuse custom to registered participants.

“Gamstop provides a crucial service for people who feel they are suffering gambling harm,” said Gambling Commission executive director of operations Kay Roberts. “It is simply unacceptable for any online operator to fail to integrate with the scheme.”

Following Lebom’s failure to register with Gamstop, the the Gambling Commission undertook a review of the business’ licence under section 116 of the 2005 Gambling Act. While it is unclear whether this process has completed, the lifting of the suspension is certainly a step forward for the business as it..

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Fandex receives patent for fantasy sports stock exchange

Free to-play fantasy sports stock exchange Fandex has taken a step forward towards securing its intellectual property, announcing today that it has received a US patent for its platform.

The United States Patent and Trademark Office (USPTO) granted US patent No 11,436,674 to the fantasy business which covers certain aspects of the company’s fantasy sports team and player stock exchange.

“This is a huge moment for us here at Fandex as our team has worked hard since 2017 to create this patented platform and we look forward to speaking with the market leaders in igaming to discuss licensing and other partnerships” said Matt D’Alessandro, CEO of Fandex. “The patent not only adds to our intellectual property portfolio covering our novel fantasy sports exchange, but it also strengthens our competitive advantage.”

D’Alessandro outlined the business’ future IP strategy.

“We have additional patents pending as part of our IP protection strategy, and we will continue our innovation efforts to..

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Bayes Esports enters Canada with Bet365 deal

Esports live data supplier Bayes Esports is entering the Canadian market through an extension of its deal with Bet365.

Canada has just recently opened its doors to single-event sports betting, since a ban was lifted in August 2022, while Ontario became the first Canadian province to end its igaming monopoly in April.

Bet365 is one of 49 brands to receive a licence to launch in Ontario.

“These past couple of months have been amazing for us,” Amir Mirzaee, COO and managing director of Bayes Esports, said. “We have expanded to the US, launched an innovative odds integration platform that will revolutionise sports betting in BODEX, and strengthened our management team with some of the brightest minds from across various different industries.

“To now also be registered in Ontario and to extend our partnership with Bet365 accordingly feels like the cherry on top. I am certain other provinces will follow Ontario’s example and we will be able to offer live esports data to sportsbooks all a..

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Sports betting on ballot in California as midterms begin

Today, Californians will vote on the duelling sports betting ballot measures, Proposition 26 and Proposition 27, as polls open for the 2022 US midterm elections.

Voting has indeed already begun, as every county in the Golden State has early voting and drop-off locations. Backed by California’s 78 gaming tribes, Proposition 26 is a retail-first proposal that would legalise sports wagering at tribal casinos and licensed horse racing tracks – imposing a 10% tax on the profits derived from such activities.

This compares with the commercial-sector-supported Proposition 27, which would permit online sports betting. Under the text of the proposed law, such agreements would cost $100m (£87.2m/€100m) – limiting access to the market from all but the largest operators.

Barring a major upset, both proposals are set to fail according to polling from the Berkeley Institute of Government Studies (IGS). When questioned, 31% of respondents supported Prop 26, with 42% opposed; support for Prop 27 wa..

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