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Netherlands fines Bet-at-home 410k for gambling violations

bet-at-home-netherlands-410k-penalty-gambling Netherlands fines Bet-at-home €410k for gambling violations TAGs: Bet-at-Home , Kansspelautoriteit , Netherlands German online gambling operator Bet-at-home has been hit with €410k in financial penalties by Netherlands gaming regulators who say the company explicitly targeted Dutch punters without a local license. On Tuesday, the Netherlands’ Kansspelautoreit (KSA) gaming regulatory body announced that it had sanctioned the Frankfurt-listed Bet-at-home for a variety of offenses, including promoting its products in the Dutch language, incorporating the Dutch flag in its marketing and allowing its website to be accessed from Dutch IP addresses. The KSA says it previously discussed these issues with the company in 2012 and 2014, but was informed in May 2017 of the existence of Bet-at-home adverts appearing on a television channel aimed at Netherlands residents. This prompted the regulator to open a new investigation into Bet-at-home’s activities last October. KSA agents were able to open accounts with Bet-at-home from Dutch IP addresses, and were able to fund those accounts with Dutch online payment processor iDeal, whose services were recommended on the Bet-at-home website. As punishment, the KSA has handed two Bet-at-home subsidiaries a combined bill for €410k, which is only slightly shy of the record €480k penalty the KSA handed down in 2015 to a family of gambling sites that were deemed to be repeat offenders of the KSA’s edicts. Bet-at-home can’t say it wasn’t warned. In December 2016, the KSA announced a new zero-tolerance policy for issuing fines against unauthorized gambling sites catering to Dutch punters. In May 2017, the KSA announced strict new prohibitions on international gambling sites promoting their wares using iconic Dutch imagery and using payment processing methods that are “wholly or largely used” by Dutch consumers, while also requiring sites to geo-block Dutch punters. It remains to be seen whether the KSA can collect on this fine, as the regulator has run into difficulty collecting from companies that lack a physical presence in the Netherlands.

For the original version including any supplementary images or video, visit https://calvinayre.com/2018/07/10/business/netherlands-fines-bet-at-home-e410k-gambling-violations/

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This, and the contentious issue of “buying and selling” races will be covered in a future article.) An increased gambling market could pose a real concern for cyclocross, track, BMX, and mountain biking. However, road cycling has the advantage of having a large number of roughly equally-matched participants squaring http://jackpotscd3.trekcommunity.com off against each other in well-organized teams — which increases the variables and makes it very difficult to fix a race. While current UCI president David Lappartient raised the possibility that in-race two-way radio communication could potentially be used to alter races, no professional riders or directors asked believed it was possible to fix a race due to the nearly endless possibilities of race outcomes. Many people believe that legalized gambling will lead directly to an increase in sporting fraud and corruption, but the facts don’t support the assumption. In U.S. sports, the negative impact of gambling upon the game was perhaps most prevalent in the early and mid-20th century — when sports gambling was run almost exclusively by organized crime syndicates. This was most famously exemplified by the infamous 1919 Black Sox Scandal . As outlined in Eliot Asinof’s 1963 book “Eight Men Out: The Black Sox and the 1919 World Series,” the “fix” was funded and organized by the famous gangster Arnold Rothstein. There has been more contemporary match-fixing and point-shaving, but almost all have been exclusively related to illicit betting. Although it may at first seem counter-intuitive, it actually becomes more difficult to compromise the integrity of sporting events when these betting markets are legitimized and monitored. Point-shaving scandals like that of disgraced NBA referee Tim Donaghy (who manipulated game scores to benefit mafia associates to whom he was indebted), and the 1978-1979 Boston College basketball team scandal were the results of organized crime’s attempts to exert control over U.S.

For the original version including any supplementary images or video, visit https://www.velonews.com/2018/06/the-outer-line/the-outer-line-gambling-on-pro-cyclings-future_470609