Post Tagged with: "binary options"

GiH News Roundup: Dutch financial regulator prepares binary option ban; GiG affiliate subsidiary hit with KSA cease and desist order

GiH News Roundup: Dutch financial regulator prepares binary option ban; GiG affiliate subsidiary hit with KSA cease and desist order

The Netherlands Authority for the Financial Markets (AFM) is preparing to introduce a complete ban on binary options and to introduce restrictions on CFD trading.

GiH News Roundup: Belgian court upholds VAT exemption for online gambling; ESMA prohibits sale of binary options to retail customers

GiH News Roundup: Belgian court upholds VAT exemption for online gambling; ESMA prohibits sale of binary options to retail customers

Following a challenge from Kindred Group, Belgium’s Constitutional Court has struck down a bill that placed a heavy value-added tax (VAT) load on the shoulders of gambling operators in the country. Despite government opposition, Slovenia has moved closer to online sports betting liberalization. The European Securities and Market Authority (ESMA) has agreed on measures on the provision of contracts for[Read More…]

GiH News Roundup: online gaming regulation in the Netherlands “a nightmare;” Germany’s online casino games prohibition ruled constitutional

GiH News Roundup: online gaming regulation in the Netherlands “a nightmare;” Germany’s online casino games prohibition ruled constitutional

Online gaming regulation in the Netherlands has been “chaotic” and “a nightmare,” according to Ulrik Bengtsson, former CEO of Betsson, at EiG 2017. Bengtsson also said, citing compliance and consolidation, that it is “very hard” to see a sustainable future for a lot of small affiliates. The Federal Administrative Court of Leipzig has ruled against two EU-based operators that Germany’s[Read More…]

GiH News Roundup: state secretary responds to inquiry on motions related to remote gaming bill; AFM seeks to ban binary options advertising

GiH News Roundup: state secretary responds to inquiry on motions related to remote gaming bill; AFM seeks to ban binary options advertising

State Secretary Klaas Dijkhoff of Security and Justice has replied to questions from MP’s regarding the government’s response to several motions adopted by the Lower House in relation to the remote gambling bill. The Netherlands Authority for the Financial Markets (AFM) has informed the Dutch government of its legislative wishes for 2017, including a prohibition on advertising for “harmful financial[Read More…]

GiH News Roundup: Dutch authorities to ban binary options advertising; Malta Gaming Authority under fire from Belgian Gaming Commission

GiH News Roundup: Dutch authorities to ban binary options advertising; Malta Gaming Authority under fire from Belgian Gaming Commission

The Netherlands is officially becoming the next EU member state to make good on its promise for stricter regulation of retail financial products as the Dutch AFM (Financial Markets Authority) is preparing a ban on the advertisement of binary options, FX, and CFDs. The Belgian Gaming Commission (BGC), European Lotteries and two Belgian MEPs are demanding that the Malta Gaming[Read More…]

GiH News Roundup: Boudewijn Poelmann on giving away his shares in Novamedia; the binary options industry in 2017; investing in gaming stocks

GiH News Roundup: Boudewijn Poelmann on giving away his shares in Novamedia; the binary options industry in 2017; investing in gaming stocks

The results checker of Staatsloterij malfunctioned following the operator’s New Year’s Eve draw. Some players are claiming that threw away their winning tickets. According to gaming lawyer Frank Tolboom of Kalff Katz & Franssen, these players are out of luck, even though some form of legal settlement would not be entirely unthinkable. But only if these punters will somehow be[Read More…]

GiH News Roundup: binary options advertisement ban; Sportech trading update; Playtech launches HTML5 live roulette; Cherry gets UK license

GiH News Roundup: binary options advertisement ban; Sportech trading update; Playtech launches HTML5 live roulette; Cherry gets UK license

The French parliament has approved a binary options, FX and CFD advertisement ban. A similar ban is currently being worked on in the Netherlands as well. Sportech PLC, holder of the sole Dutch horse racing betting license, has released a trading update for the period from 24 August to 9 November 2016. Playtech, tech supplier to Holland Casino, has launched[Read More…]