President Ferdinand R. Marcos Jr (pictured above). has officially enacted Executive Order No. 74, enforcing an immediate ban on Philippine Offshore Gaming Operators (POGOs) and other offshore gaming activities. The directive, signed on 5 November 2024, is designed to curtail the rise in criminal activity and social risks allegedly linked to the POGO industry, mandating a complete cessation of operations by 31 December 2024, or earlier.
The Instituto Brasileiro de Jogo Responsável (IBJR) has published a manifesto outlining guidelines for responsible gambling, with focus on promoting transparency, security, and integrity within Brazil’s rapidly growing online betting sector. The manifesto presents several measures to upgrade market security, including the use of facial recognition technology to prevent underage gambling.
Donald Trump’s victory in the 2024 U.S. presidential election could herald a complex new era for sports betting and online gambling, driven by his business-friendly approach and potential conservative appointments. Trump’s history suggests an inclination toward deregulation, yet his administration’s conservative leanings may curb the rapid expansion of gambling markets or introduce tighter regulations on online betting.
Bangladesh’s recent success against Pakistan in Rawalpindi has brought excitement to the cricket world, especially as they prepare for their upcoming Test series against the world’s No. 2 team, India. This series marks a significant moment in Bangladesh’s cricket history as they head to India for only their fourth away Test and the first in five years.
On Tuesday, Brazil's Ministry of Finance, via SPA, signed ACTs with Genius Sports, IBIA, Siga, and SportRadar to enhance sports betting integrity and prevent result manipulation.
The Hong Kong government is exploring the possibility of reducing the age restriction for horse racing attendees as part of its broader tourism drive. Currently, individuals under 18 are not permitted to enter racecourses or place bets.
Australia’s BetStop National Self-Exclusion Register has been honoured with the Regulatory Excellence Award by the International Association of Gaming Regulators (IAGR). The award, which celebrates innovative regulatory solutions worldwide, acknowledges BetStop as a milestone in protecting vulnerable Australians from the negative impacts of gambling.
Entain, a leading global sports betting and gaming group, is bracing for a potential slowdown in its rapid growth in Brazil following the anticipated launch of the regulated market in January 2025. Despite reporting a substantial 48% year-on-year revenue increase in Brazil during its Q3 trading update last Thursday (17), the company’s CFO, Rob Wood, has indicated that the market’s expansion will likely moderate once the legal framework takes effect.
China’s Special Administrative Regions (SARs), Macau and Hong Kong, are making headways in the development and implementation of their respective digital currencies. These initiatives mark a crucial step in modernising their financial systems.
