Argentina’s Deputy Chamber approved a bill on Wednesday aimed at preventing online gambling addictions despite a lack of support from the ruling party La Libertad Avanza (LLA), and its allies in the PRO and the UCR. The bill, which has to go through the Senate to become a law, would address an ongoing nationwide youth...
Tag: online betting
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 "Online gambling in India: A crisis unfolding behind screens")
Online gambling in India: A crisis unfolding behind screens
Online betting and gambling have spread rapidly in India. In many cases, these companies are backed by Chinese investments, and the way this foreign-funded addiction is gripping the entire nation is a matter of deep concern read more Last month, I met someone who was going through the difficult process of divorce. She and her...
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Former Brazil Finance Ministry advisor warns against banning online betting
José Francisco Manssur, former special secretary of the Brazil Ministry of Finance, has cautioned a ban on online betting would be a backwards step for the country. On 21 October, senator Sérgio Petecão proposed Bill 4,031/2024 to ban online betting in Brazil over concerns it is driving fiscal debt and gambling addiction. The bill is...
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Brazil orders closure of 2,000 betting sites
Brazilian authorities on Friday began closing down more than 2,000 betting sites, including those that sponsors popular football team Corinthians and other first division clubs, as part of a push to regulate online gambling. Latin America’s biggest economy is struggling with what Finance Minister Fernando Haddad has called a betting “pandemic,” prompting the government to...
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Brazil’s Lula says will ban sports bets if ‘addiction’ not regulated
BRASILIA (Reuters) – Brazil President Luiz Inacio Lula da Silva, whose government is trying to stop a sports bets craze consuming household incomes, said on Sunday he will ban online betting if regulation does not cure “addiction” by bettors. Soccer-mad and bet-loving Brazilians have fallen hard for sports betting since it was legalized in 2018...
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7 Online Gambling Games That Are Making People Lose Millions
Wpadington / Getty Images/iStockphoto Rarely at risk of falling into a serious period of decline, gambling has experiencing a popularity surge over the past few years, with new online platforms popping up all the time and sports betting coming into its own after recent legislation changes. Since the pandemic started, many Americans have started, or...
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Legal action against those promoting online gambling through social media – ET BrandEquity
(Representative Image) For the first time, the Tamil Nadu Online Gaming Authority (TNOGA) has initiated legal action against half-a-dozen YouTubers, Instagram influencers, and a private firm for promoting online betting and gambling. In their videos, these social media personalities, while primarily vlogging about food and cinema, subtly endorsed offshore fantasy games, poker, and rummy platforms,...
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German football hit with betting scandal
German football hit with betting scandal According to a report from the Hamburger Morgenpost, it is believed that 17 matches in German football have been identified as possibly being fixed over the past two seasons. As stated in the report, matches from the 3. Liga, two of the Regionalliga’s, as well as several other divisions,...
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‘Computer illiterate’ man admits to running illegal online gambling ring, reaping S$1.28m over 5 years
SINGAPORE — Being computer illiterate did not stop Shunmugam Mogan from starting a web-based enterprise, earning about S$1.28 million over five years. This could have been seen as an impressive feat, save for the fact that his online endeavour was an illegal one: Running an unlicensed remote gambling ring. On Wednesday (Sept 4), the 66-year-old...
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Parents, Unable To Repay Son’s Online Gambling Debts, Die By Suicide In Andhra Pradesh: Cops
Pressure from lenders has forced the couple to take the extreme step, cops said (Representational) Abdullapuram: A married couple died by suicide due to their inability to repay debts incurred by their 22-year-old son through online gambling, police said on Wednesday. U Maheshwar Reddy (45) and his wife ended their lives on Tuesday night in...
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Why the Paris Olympics could lead to a boost in sports betting
The 2024 Paris Olympics have officially kicked off, Sportsimpacts CEO Patrick Rishe joins Asking for a Trend to discuss the popularity of sport betting in the games. While betting on the Olympics won’t be as popular as betting on events like the Super Bowl, Rishe expects it to be more popular than it was in...
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Will Olympics Bring About an Online Betting Bump?
Sportsbooks and daily fantasy operators are reportedly awaiting a bump in Summer Olympics-related betting. As CNBC noted in a report Thursday (July 11), this year’s Paris games will be the first Olympiad since the widespread legalization of gambling in the U.S. The industry anticipates an uptick in betting compared to the last Summer Games in Tokyo, especially for sports...
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