888 has applied for a gaming licence in Malta due to Brexit uncertainties over Gibraltar. The Gibraltar-based company is concerned about the impact of the UK’s departure from the European Union on the British Overseas Territory, which is home to many of the world’s leading e-gaming and sports betting firms. Around 25% of Gibraltar’s GDP…
Coinbase announced today it’s intention to add ERC20 support to several of its suite of products. Historically, Coinbase announcements have caused huge retail influxes of retail investors, erratic price swings, and even allegations of market manipulation. That’s why it was a surprise today when Coinbase‘s latest announcement came not with a bang but a bearish…
It’s not often that someone wins against the taxman. Tax collectors are notorious for almost always making sure they cross all their t’s and dot all their i’s. This case wouldn’t prove to be the exception, either. First, it’s necessary to paint the background. A 2008 tax loophole was in place that allowed corporations to…
Binance, the world’s largest cryptocurrency exchange by traded value, is seeking a fresh start in the Mediterranean. The company, founded last year in Hong Kong, is planning to open an office in Malta, Chief Executive Officer Zhao Changpeng said in an interview. Binance will soon start a “fiat-to-crypto exchange” on the European island nation, and…
The Parliamentary Secretary for Financial Services, Digital Economy & Innovation, Hon. Silvio Schembri announced that a motion has been presented in Parliament for the first reading of a new Gaming Bill which will seek to repeal all the existing legislation and replace it with a singular primary Act of Parliament, together with subsidiary legislation covering…
In the last couple of years, cryptocurrency has grabbed a spot in our news headlines as being the money of the future. As expected, significant financial institutions have begun incorporating this system into their daily activities, and iGamingAdvisors isn’t an exception. In the digital era, cryptocurrency has evolved to become the most secure way for…
Are you a company that would like to raise an ICO, Crypto Currency Exchanges and wallets? Are you interested to enter the Crypto world? As you may be aware Malta is currently stepping up its pace to be the first European member state to regulate ICOs, Crypto Currency Exchanges and wallets amongst others. Malta was…
Swedish media outlets got a whole lot fatter on unauthorized online gambling advertising cash last year, despite efforts by regulators to clamp down on the activity. Sifo Advertising Measurements and Dagens Media recently released a new analysis of gambling advertising spending in Sweden, which showed overall spending of SEK 5.5b (US$684.5m) in 2017, up significantly…
In 2016 alone, online gambling generated over $44 billion in revenue, most of the revenue coming from mobile devices. With a projected 5 billion mobile devices and rapid increase in mobile gaming adoption rate, the gambling industry is projected to be worth well over $80 billion by year 2022 and that is for official numbers,…
Members of congress from the Garden State have penned a letter to the US Department of Justice (DOJ) voicing their opposition to any plans by the Trump administration to clampdown on states allowing regulated online betting. Proponents of a ban on regulated online betting are calling for the introduction of Restoration of America’s Wire Act…