DraftDay Gaming Group Announces Consumer Protection Safeguards
The National Council on Problem Gambling is inviting consumer that is new working by DraftDay that aim to provide more player security.
DraftDay Gaming Group, co-owned by Sportech and Viggle, announced plans this week to implement an ‘industry-defining consumer protection initiative’ that will mimic the safeguards that are regulatory by online gambling markets in the us.
After consulting utilizing the National Council on Problem Gambling (NCPG), DraftDay settled for a series of guidelines that will produce a safer, more transparent fantasy that is daily (DFS) industry.
The business-to-business DFS supplier, which also operates its very own standalone platform, has partnered with GeoComply, IDology, and Paysafe to display how fantasy that is daily could be properly controlled while at the same time protecting players.
‘With calls for stricter consumer protection by many state governments, DraftDay, with the NCPG, has generated a set of skill-based fantasy that is daily consumer-oriented policies to deal with each state’s increased demands for safety and accountability,’ DraftDay CEO deep Roberts said in a press release.
The (Daily Fantasy) Sports Authority
The NCPG is amongst the leading voices in the United States when it comes to talking about gambling expansion and controls, the agency is the primary advocate in fighting for those prone to and affected by issue gambling.
In October, the council added a resolution to its mission to include the emerging DFS market.
‘Recent changes in fantasy recreations contests have raised concerns about the addicting potential of fantasy activities,’ the NCPG said in its announcement. ‘Fantasy sports players who become preoccupied, unable to stick to limits of the time and money and harm that is therefore suffer their emotional or financial wellness may meet gambling addiction criteria.’
‘Cases of serious gambling dilemmas stemming from daily fantasy participation have already been reported… Few fantasy recreations operators provide customers with appropriate consumer security features.’
DraftDay’s teaming with the three aforementioned companies that are third-party address those concerns raised by the NCPG.
GeoComply includes a 100 % iGambling market share in america and is the only ‘compliance grade’ geo-location service in identifying in which a gambler that is potential trying to access an Internet casino.
IDology is a service that is real-time identifies and validates a user’s online authenticity and age before any transactions are allowed to proceed.
Paysafe is definitely an online repayment conglomerate that owns Neteller and Skrill, two of this leading e-commerce processors.
Welcome to Nevada
Daily dream is a topic that is decisive has captivated onlookers across the country, numerous states deliberating on what direction to go.
The Silver State isn’t one of these.
In October, the Nevada Gaming Control Board (GCB) declared DFS illegal and in violation of its current gaming that is interactive.
‘ In a nutshell, daily fantasy sports constitute activities pools and gambling games,’ the GCB said in a memorandum. ‘As an effect, pay-to-play fantasy that is daily can not be offered in Nevada without licensure.’
Although the GCB didn’t explicitly address the shortage of DFS safeguards in its ruling, for an gaming that is online to obtain a license in Nevada it must comply with a set of stipulations including certain game play requirements and security measures.
By self-imposing regulations on its services and products, DraftDay could be aligning itself for an entry into Nevada and possibly other states.
Caesars, the only real significant online poker operator remaining in Nevada, could swiftly enter the DFS market and have a monopoly should it opt to partner with DraftDay.
Australia Records Record Gambling Figures, But Does it have a Gambling Problem?
‘Pokie’ machines, which can be purchased in pubs across Australia, are the contributor that is biggest to issue gambling in the country, yet they bring in billions of bucks in tax every year. (Image: Adelaidenow.com.au)
Australia’s love of gambling, is frequently perhaps too quickly dismissed as an endearing part of the nationwide character, and it’s really starting to cause alarm one of the country’s politicians and media.
Recently Australians were revealed to be the biggest ‘losers’ in the world, in gambling terms; a neat, headline-friendly method of saying simply that they gamble the most per capita, because, needless to say, the overwhelming most of gamblers lose as time passes (and Australians are no different).
However, throughout the last few months, the Aussies have surpassed themselves.
The other day it had been revealed that, during Q3, Australian gamblers wagered a startling and record-breaking AU$6.5 billion (US$4.8 billion), which equates to well over $1,000 per year, per Australian, man, woman, and child.
This figure is up 6.1 per cent for the period that is same 2014 and represents twice as much as is gambled in the united states per capita, and almost three times just as much as the UK.
Over the last year, the growth in gambling has outpaced the development of the Australian economy by 100 %.
Fewer People Gambling Harder
Does Australia have a gambling problem? Well, clearly some Australians do, and issue gambling does may actually be proportionately higher within the nation than others.
While gambling spend is up, for instance, the number of the actually engaging in gambling has fallen during the last 15 years. In 2000, 80 percent of Australians said they participated in some form of gambling, but that number had fallen to 64 % by 2014.
The implication that is inflation-adjusted clear: less Aussies are gambling, but those who are are gambling harder.
‘There was a period through the 1990s when there clearly was an increase that is great gambling. That then tailed off in the 2000s as the community found understand the potential risks included,’ said Australian Gambling Research Centre supervisor Anna Thomas told the Sydney Morning Herald this week.
‘But that doesn’t take into account people who are still gambling and gambling at very high levels, particularly on pokie devices. There also hasn’t been a drop in problem-gambling dilemmas. There is a small grouping of people in the population who are experiencing significant harm.’
The Australian government estimates that more than 400,000, predominantly male, Australians have gambling problems, some 1.7 percent of the population.
Politicians are demanding studies regarding the contribution of offshore online gambling sites, in an effort to curtail the negative social impact of new technology on the population.
But ultimately, it appears, the major problem remains homegrown and very-much land-based.
While online sports betting and casino gaming are in the rise, slots, or ‘pokies’ as they’re known colloquially, still represent the gambling spend that is highest by far.
‘ Pokies will be the biggest revenue generator,’ Dr Sally Gainsbury through the Centre for Gambling Research at Southern Cross University told the BBC recently. ‘Around two-thirds of most gambling losses are through the pokies and in Australia that quantities to around AU$9.8 billion a year.
It is estimated that in 2014-15 the government that is australian receive almost AU$5.9 billion from gambling taxes, the big part from pokie machines.
Pennsylvania to add Online Gambling in State’s Home Budget
Pennsylvania Representative John Payne, whose Bill HB 649 seems become the basis for their state’s House on line gambling provisions. (Image: vimeo.com)
Pennsylvania could possibly be standing on the brink of appropriate on the web gambling, at least if the state’s House gets its means.
Two budget plans have emerged since the state legislature seeks a fast end to its five-month-long spending plan impasse, one of which, proposed by the home, would legalize on the web gambling as quickly as possible.
The $30.2 House billion budget plan pushed ahead this week in Pennsylvania would increase funding for public schools, and specifies that the spending that is additional be included in revenue from online gaming, as well as a hike on cigarette taxes.
The figures quoted in the plan ($120 million generated by online gaming, plus $24 million in one-off online gaming license fees) correspond exactly with the projections of John Payne’s HB 649, an online gambling bill that was authorized by the House Gaming and Oversight Committee last thirty days.
It is unknown if the budget plan is proposing to adopt only particular aspects of the Payne bill or the bill in its entirety.
Payne Bill Proposals
HB 649 had been introduced in February, but seemed to be going nowhere until interest in the gambling that is online was revived by the budget impasse. Republicans had been unwilling to lean in the taxpayer to plug Pennsylvania’s $2 billion deficit and, as the standoff continued, alternative means of increasing revenue became an increasing necessity.
The bill proposes that just their state’s existing gaming licensees would be eligible to apply for a license that is online. It implies a taxation rate of 14 percent of gross gaming income, which is one percent less than New Jersey, and a licensing that is one-off of $5 million.
HB 649 doesn’t have specific ‘bad actor’ provisions, which will potentially enable PokerStars to enter a future online poker market, and it is very open to your idea of interstate liquidity sharing.
Less Help in the Senate
The idea of online gambling regulation holds less weight into the Senate than it does in the House, and meanwhile, the Senate is pressing its own spending plan plan that is not likely to add any type of gaming expansion.
We don’t know for sure yet, because the Senate plan includes no details on revenue generation, just expenditures. These expenditures amount to fifty per cent of a billion dollars significantly more than the homely house plan, which raises issue of just how it intends to fund its plan.
Exactly What is for sure, is any particular one of these plans must be approved by Congressional vote and it should be done quickly.
‘Maybe we should have been in this spot in ‘ Senate Majority Leader Jake Corman told Philly.com this week july. ‘But we need to get something that we can all indication and pass [so] we can get this thing over with.’