Marcus Yoder, NACD.DC’s Post

Chris Cylke, vice president of government relations at the American Gaming Association (AGA), has pointed out that attractive promotions, better odds, and the ability to gamble with cryptocurrencies are some of the things that lure people into illegal gaming. Different aspects are included in illegal gaming such as offshore online casinos, unregulated slot machines and illicit sportsbooks. These hidden activities present significant threats to customers and undermine the legal gambling sector. However, Cylke further noted how important it is to educate consumers about the risks associated with these illegal platforms, reported local media outlet Vegas Inc. According to him, illegal gambling is not a victimless crime as many believe. Users may expose their personal and financial details to unregulated entities which could be located anywhere since there is no oversight over them and customers do not know where their money ends up. Read the full story ➡ https://lnkd.in/d-QzReMz #regulation #gambling #gamblingnews #usa #business

The Campaign for Fairer Gambling (CFG) and Yield Sec have taken a significant step toward understanding the scope of the illegal gambling market in the US. 📊 Leveraging extensive data from 2023, they have highlighted the $9.5bn value of the black market in just three states: New York, New Jersey, and Minnesota. These numbers represent a quarter of the $40.92bn illegal gross gaming revenue across the US. 🇺🇸 To find out more, follow the link here ➡ https://lnkd.in/dY3uN9CH #USA #IllegalGambling #CampaignForFairerGambling #YieldSec #iGaming #GamblingIndustry #Regulation #Data

🇳🇱 The Government of the Netherlands has released its three year review of the Dutch Gambling Act, and it's not easy reading for the gaming industry. 🏸 Swing and a miss: Review concludes the KOA isn't achieving its policy goals ⬛ Black mark: Illegal market enforcement needs stepped up to keep legal offering attractive 🎰 Slots on the block? Report suggests Minister for Legal Protection will look at prohibiting “very risky elements” in the legal product range, “particularly online gaming machines” 👉 Read the full breakdown here: https://lnkd.in/dEkSXYJy

📣 Macau's (#MO) Legislative Assembly has approved a new law targeting illegal #gambling, which includes stricter penalties and enhanced law enforcement powers to combat activities like "under-the-table" #betting and unauthorized currency exchanges. The move is part of Macau's ongoing effort to tighten regulations in its #gaming industry. #news #iGaming #casino #game #bettingsports https://lnkd.in/dQBTnpep

A groundbreaking study by Frontier Economics, commissioned by the Betting and Gaming Council (BGC), revealed that 1.5 million Brits are wagering up to an estimated £4.3 billion annually on illegal gambling platforms. This report is the first high-profile investigation into the black market since the UK government’s White Paper on gambling reform, revealing the increasing threat unregulated operators pose in the UK. The study found that illegal gambling operators are aggressively targeting UK consumers, subverting regulatory safeguards, and depriving both the government and the sports sector of significant revenues. The most concerning finding is how mainstream black-market sites have become among younger bettors: more than one in five people aged 18-24 years who gamble regularly now use unregulated platforms, accessing them via online messaging apps. Read the full article ➡ https://lnkd.in/dfvBW5tS #europe #uk #gambling #gamblingnews #regulation #igaming #casino

Affiliates play a pivotal role in guiding consumers towards locally licensed and regulated operators, especially amidst recent scandals. This article from the LA Times underscores the importance of consumer protection in the betting industry. Regulated sportsbooks adhere to strict regulations, safeguarding against targeting vulnerable individuals and ensuring fair advertising practices. Conversely, unlicensed operators evade taxes and lack accountability for consumer protection laws. To bolster consumer protection, we propose these three solutions: 1. Affiliate qualification and licensing 2. Uniform regulations across state lines 3. Continued efforts to create a fair marketplace Let's prioritize consumer safety and integrity in the betting industry. #ConsumerProtection #RegulatedMarket #ResponsibleGaming https://lnkd.in/eqD-_JWe

#California Card Sharps. Tension between the Tribal gaming community and non-tribal Card Room operators in the Golden State is rising over controversial Senate Bill 549, posted by Senator Josh Newman. If passed, #SB549 will give Native American gambling operators the power to challenge under-the-table practices that allow #cardrooms to offer House and Bank betting to punters through the use of so-called Third-Party-Proposition Players. Card rooms, for their part, fear that the proposed bill will severely impact the #financialviability of their operations. It's complicated but a #fascinating update on gambling in California, nonetheless. Read Lauren Harrison's special report, only in #iGamingFuture. #GamblingUSA #tribalgaming #gamblingnews #gamblingindustry #usa #compliance #safe #responsiblegambling https://lnkd.in/dVdzCXuT

As seen on Global Gaming Business, Yield Sec reports that #legal operators could cover just about a tenth of the Brazilian market, with over 90% of the market controlled by #illegal operators. Our #monitoring reveals 49 million Brazilians, nearly a quarter of the population, used the black market to gamble over the first half of 2024. Yield Sec will be monitoring Brazil’s legal market launch date from Jan. 1, 2025. Stay tuned. #Monitoring #IllegalGambling #FightIllegalGambling #Regulation #Gambling

#IllegalGambling - whose problem is it? Our CEO Ismail Vali tells iGamingBusiness of the growing threat of illegal gambling, and most importantly - what's being done and who is tackling the black market. Illegal operators thrive by offering "unbeatable value," but at a devastating cost to the legal, licensed and regulated industry. Here’s what’s at stake: 📉 Lost revenue: Illegal operators siphon profits away from legal gambling, undermining taxation, responsible gaming, and fair play. ⚠️ Vulnerable audiences: They prey on self-excluded players and even children, often targeting them through loopholes in platforms like GAMSTOP. ❌ Winners don't get paid: These operators cheat customers by refusing payouts and ignoring regulatory safeguards. 🛡️ The solution? All legal stakeholders from operators to law enforcement - must unite to stamp out illegal gambling and reclaim control of the marketplace. Yield Sec is leading the charge with data-driven actionable intelligence via comprehensive and military-grade monitoring to kick crime out of gambling. Ultimately, it's your problem. It's your money, children and community after all. Read the full article below. #IllegalGambling #GamblingRegulation #MarketProtection #iGaming #YieldSec #GAMSTOP #KickCrimeOutofGambling #FightAgainstIllegalGambling

Illegal gambling is everyone’s problem. A $5.1 trillion problem at that. It harms vulnerable communities, targets self-excluded players, and robs legal operators of revenue that could be reinvested in safe, responsible gaming. At Yield Sec, we're helping our legal, licensed and regulated clients, regulators and law enforcers take back control. Our data and analytics platform powered by military-grade technology provides actionable solutions to identify, qualify and quantify illegal activity, protect vulnerable players, and reclaim the market share that belongs to legal stakeholders. It’s your marketplace, your revenue – let’s kick crime out of gambling together. 💪 #IllegalGambling #MarketProtection #VulnerablePlayers #ResponsibleGaming #YieldSec #GAMSTOP #FightAgainstIllegalGambling