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DraftDay Gaming Group Announces Consumer Protection Safeguards

DraftDay Gaming Group Announces Consumer Protection Safeguards

The National Council on Problem Gambling is welcoming new customer protections being employed 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 customer protection initiative’ that will mimic the regulatory safeguards used by online gambling markets in america.

After consulting utilizing the National Council on Problem Gambling (NCPG), DraftDay settled for a variety of guidelines that will create a safer, more transparent fantasy that is daily (DFS) industry.

The business-to-business DFS supplier, which also operates unique standalone platform, has partnered with GeoComply, IDology, and Paysafe to showcase how daily fantasy competitions is properly controlled while at the same time frame protecting players.

‘With calls for stricter consumer protection by many state governments, DraftDay, with the NCPG, has generated a group of skill-based fantasy that is daily consumer-oriented policies to address each state’s increased demands for security and accountability,’ DraftDay CEO Rich Roberts said in a press release.

The (Daily Dream) Sports Authority

The NCPG is among the leading voices in the usa with regards to gambling that is discussing and controls, the agency is the primary advocate in fighting for those prone to and affected by problem gambling.

In October, the council included a resolution to its mission to range from the emerging DFS market.

‘Recent changes in fantasy recreations competitions have actually raised concerns about the potential that is addictive of activities,’ the NCPG said in its announcement. ‘Fantasy recreations players whom become preoccupied, unable to stick to limits of the time and money and harm that is therefore suffer their emotional or economic health may satisfy gambling addiction criteria.’

‘Cases of serious gambling dilemmas stemming from daily fantasy participation are reported… Few fantasy recreations operators provide customers with appropriate consumer protection features.’

DraftDay’s teaming with the three aforementioned companies that are third-party address those concerns raised by the NCPG.

GeoComply has a 100 percent iGambling share of the market in the US and may be 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 an online payment conglomerate that owns Neteller and Skrill, two of this leading e-commerce processors.

Welcome to Nevada

Daily fantasy is a decisive subject that has captivated onlookers around the world, numerous states deliberating on what direction to go.

The Silver State is not one of these.

In October, the Nevada Gaming Control Board (GCB) declared DFS illegal and in violation of its current interactive video gaming regulations.

‘ In short, day-to-day fantasy recreations constitute sports pools and gambling games,’ the GCB stated in a memorandum. ‘As an effect, pay-to-play daily fantasy sports may not be offered in Nevada without licensure.’

Though the GCB don’t clearly address the shortage of DFS safeguards in its ruling, for an gaming that is online to acquire a license in Nevada it must adhere to a series of stipulations including particular game play requirements and protection measures.

By self-imposing regulations on its items, DraftDay could be aligning itself for an entry into Nevada and perhaps other states.

Caesars, the actual only real online that is meaningful operator staying 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 are available in pubs across Australia, are the biggest factor to problem gambling in the nation, yet they bring in huge amounts of bucks in tax each year. (Image: Adelaidenow.com.au)

Australia’s love of gambling, is often possibly too quickly dismissed being an endearing an element of the character that is national and it’s really beginning to cause alarm one of the country’s politicians and media.

Recently Australians were revealed to function as the biggest ‘losers’ in the world, in gambling terms; a neat, headline-friendly method of saying merely that they gamble the most per capita, because, needless to say, the overwhelming most of gamblers lose over time (and Australians are no different).

However, throughout the last months that are few the Aussies have surpassed themselves.

Last week it was 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 12 months, per Australian, man, woman, and youngster.

This figure is up 6.1 percent for the period that is same 2014 and represents twice as much as is gambled in the US per capita, and almost three times just as much as the British.

The growth in gambling has outpaced the growth of the Australian economy by 100 percent over the last 12 months.

Fewer People Gambling Harder

Does Australia have actually a gambling issue? Well, clearly some Australians do, and problem gambling does seem to be proportionately higher within the nation than others.

While gambling spend is up, for example, the number of those actually engaging in gambling has dropped throughout 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 per cent by 2014.

The inflation-adjusted implication is clear: less Aussies are gambling, but those who are are gambling harder.

‘There was a period through the 1990s when there clearly was a great increase in gambling. This week that then tailed off in the 2000s as the community came to realize the risks involved,’ said Australian Gambling Research Centre manager Anna Thomas told the Sydney Morning Herald.

‘But that doesn’t account for people who are still gambling and gambling at very levels that are high specially on pokie machines. There also hasn’t been a drop in problem-gambling issues. There is a team of people in the population who are experiencing significant harm.’

Homegrown Problems

The Australian federal government estimates that more than 400,000, predominantly male, Australians have gambling problems, some 1.7 percent of the populace.

Politicians are demanding studies on the contribution of offshore gambling that is online, in an effort to curtail the negative social impact of new technology on the population.

But ultimately, this indicates, the significant problem remains homegrown and very-much land-based.

While online activities gambling and casino video gaming are in the rise, slots, or ‘pokies’ as they have been described colloquially, nevertheless represent the highest gambling invest 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 all gambling losses are through the pokies plus in Australia that amounts to around AU$9.8 billion a year.

It’s estimated that in 2014-15 the Australian federal government will get almost AU$5.9 billion from gambling taxes, the large part from pokie machines.

Pennsylvania to add Online Gambling in State’s Home Budget

Pennsylvania Representative John Payne, whose Bill HB 649 appears to be the foundation for the state’s House on the web gambling provisions. (Image: vimeo.com)

Pennsylvania could be standing on the brink of appropriate on the web gambling, at least if the state’s House gets its method.

Two budget plans have actually emerged because the state legislature seeks a fast end to its five-month-long budget impasse, one of which, proposed by your house, would legalize on the web gambling at the earliest opportunity.

The $30.2 House billion budget plan pushed forward this week in Pennsylvania would increase funding for public schools, and specifies that the additional spending would be covered by revenue from online gaming, as well as a hike on smoking fees.

The figures quoted in the plan ($120 million generated by online video 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 perhaps the budget plan is proposing to adopt only certain aspects of the Payne bill or the bill in its entirety.

Payne Bill Proposals

HB 649 ended up being introduced in February, but did actually be going nowhere until interest in the gambling that is online was revived by the budget impasse. Republicans were unwilling to lean on the taxpayer to plug Pennsylvania’s $2 billion deficit and, as the standoff continued, alternative means of increasing income became a necessity that is increasing.

The bill proposes that just hawaii’s existing gaming licensees would be eligible to apply for an online license. It shows a taxation rate of 14 percent of gross gaming income, that is one percent less than New Jersey, and an one-off licensing cost of $5 million.

HB 649 has no specific ‘bad star’ provisions, which will potentially allow PokerStars to enter a future online poker market, and it’s also very open to your basic idea of interstate liquidity sharing.

Less Support in the Senate

The thought of online gambling regulation holds less weight within the Senate than it does in the home, and meanwhile, the Senate is pressing its own spending plan plan that is not likely to incorporate any form of gaming expansion.

We have no idea for sure yet, because the Senate plan includes no details on revenue generation, just expenses. These expenses amount to half a billion dollars a lot more than the homely house plan, which raises issue of how it promises to fund its plan.

Exactly What is for certain, is this one of these plans must be approved by Congressional vote and it must be done quickly.

‘Maybe we should were in this spot in ‘ Senate Majority Leader Jake Corman told Philly.com this week july. ‘But we must get something we can fully grasp this thing over with. that we could all sign and pass [so]’