Tuesday, January 31, 2023

Tag: Competition and Markets Authority

CMC profits fall as market volatility low

BBI - CMC profits
Spread betting firm CMC Markets has posted a nine percent drop in pre-tax profits for its first full year of results, as lower market volatility presented less opportunities to gamble.   The company had warned that a regulatory crackdown towards the end of last year would have a negative impact on the FY performance, however the downturn came for an unforeseen...

True social responsibility involves some team-work

Betting Business, John Samuels, IBAS, social responsibility
Following this year’s Betting on Sports Conference, IBAS’ John Samuels comments on the need for co-operation within gaming to truly tackle fraud and become a socially responsible industry. Too many operators still feel that their competitors aren’t playing fair on social responsibility. It’s time to ditch the dog-eat-dog attitude and work together to fight fraud. An interesting time was spent at...

CMA to probe UK iGaming sector for “potentially unfair treatment”

Betting Business CMA Competition authority iGaming sector
In what is starting to look a full-frontal assault, the UK’s competition authority is rounding on the online gaming industry by mounting a fresh investigation into a series of unfair practices.   Backed by concerns from the UK Gambling Commission, the Competition and Markets Authority claims an initial review of the industry had “highlighted examples of potentially unfair treatment.” Such examples include...