Compliance Updates
Stake.com’s UK operation now live
Fast-growing global cryptocurrency betting & gaming operator & Watford FC principal sponsor’s UK B2C platform launched on stake.uk.com
Stake, one of the world’s fastest-growing cryptocurrency betting & gaming operators and principal sponsor of Watford FC have ramped up their global expansion with the launch of UK-licensed website, www.stake.uk.com
Since launch in 2017, Stake has grown to process over 30 billion bets a year, including handling five percent of global Bitcoin transactions and 10 percent of global Dogecoin transactions.
The UK platform will offer customers a range of sportsbook, casino and gaming products, powered by TGP.
Running in partnership with TGP Europe and licensed by the UK Gambling Commission, the site launches as part of the global operator’s expansion plans beyond core markets of Canada and Latin America which are managed by Stake’s core operations teams spread in Australia and Serbia.
At launch, Stake.com will offer a number of unique and exclusive betting markets and propositions for UK customers covering major eSports, entertainment and political events along with traditional sports betting markets.
Stake’s UK offering will include a range of responsible gambling tools including systems to allow customers to set deposit limits, take timeouts and self-exclude. Stake is a verified member of the Crypto Gambling Foundation, meeting their fairness and transparency requirements.
Stake’s UK offering will not accept cryptocurrency payments or transactions, processing all payments in fiat currency only in line with UK licensing regulations.
Stake announced a club-record partnership with Watford FC for the 21/22 season, culminating in the iconic Shiba Inu dog adorning the club’s shirt sleeves for the first time. To celebrate the UK launch, Stake are offering Watford fans an exclusive ‘Stake x Watford First Goal Payout’ promotion, meaning if the Hornets score first in any Premier League game and fail to win, Stake will still pay out on all bets on a Watford victory.
Dominic Rae, Sponsorships Manager for Stake said: “Following a successful launch our UK-facing and licensed website stake.uk.com is now live, offering sportsbook, casino and gaming products to the UK.
“Customers will have access to a range of sportsbook markets including odds coverage of unique betting events in esports as well as a full suite of responsible gambling tools, designed to offer a safe and entertaining experience to all customers.”
Compliance Updates
Aviatrix flying in Italy following certificate approval
Aviatrix, the groundbreaking crash game renowned for its unique engagement mechanics, is building new partnerships in Italy following the granting of a certificate in the country.
The Italian certificate enables Aviatrix to collaborate with operators regulated by the Agenzia delle Dogane e dei Monopoli, introducing casinos fans in Italy to the award-winning game for the first time.
Players at many of the biggest brands in Italy will soon be enjoying Aviatrix.
Anastasia Rimskaya, Chief Account Officer at Aviatrix, said: “We are excited to be bringing Aviatrix to players in Italy for the first time. This is a market where innovation and player engagement are highly valued, so we’re certain our product will be a great fit. And more than that, we have an opportunity to play a central role in one of Europe’s most vibrant online gaming cultures. We can’t wait to get started with operators in the country.”
Aviatrix is fast establishing itself as an important game in regulated jurisdictions, as it already is in emerging ones.
The post Aviatrix flying in Italy following certificate approval appeared first on European Gaming Industry News.
Booming Games
Booming Games’ premium content is now certified in Brazil
Booming Games has successfully obtained the required certification to operate in Brazil, fully complying with the regulations set by Brazil’s gambling regulator, the Secretariat of Evaluation, Planning, Energy, and Lottery (SECAP).
Booming Games became one of the first providers to get approval and be compliant. This milestone enables them to offer its wide array of gaming content to licensed operators in Brazil, allowing Brazilian players to dive into fan favourites like Burning Classics, Gold Gold Gold, TNT Bonanza 2, Cash Pig, Buffalo Hold and Win Extreme, and Ronaldinho Spins, enhancing their gaming experience.
Expanding into Brazil’s iGaming market represents a pivotal achievement for Booming Games, reinforcing its presence across Latin America and strengthening its position as a leading gaming content provider on the continent. Booming Games remains dedicated to delivering high-quality entertainment globally, with this Brazilian expansion highlighting its commitment to serving diverse gaming audiences worldwide.
Frederik Niehusen, Chief Commercial Officer at Booming Games, commented: “We’re excited to have achieved full certification in Brazil, marking an important step in strengthening our presence in this rapidly expanding market. We’re eager to build on this success, driving growth and bringing exceptional gaming experiences to players throughout Brazil. 2025 promises to be an exciting year, and we look forward to sharing more updates soon.”
Compliance Updates
Tennessee Sports Wagering Council Takes Action Against Illegal Sportsbook
The Tennessee Sports Wagering Council through its executive director issued $50,000 in fines to Bovada.lv, an unlicensed and therefore illegal sportsbook operating in Tennessee.
Bovada failed to comply with cease and desist letters delivered to addresses in Curaçao, and Council investigators placed wagers through Bovada’s platform on three separate occasions, including as recently as October 16, 2024.
The Sports Gaming Act authorizes the Council to impose a $10,000 fine for the first offense of accepting wagers without a license, which rises to $15,000 for the second offense, and $25,000 for the third offense. Subsequent offenses may lead to the imposition of a $25,000 fine for each occurrence, an occurrence being a single wager accepted in Tennessee.
In the cease and desist letters, the Council ordered Bovada to allow all Tennessee users to withdraw any funds currently held by the unlicensed sportsbook.
“The Sports Wagering Council recommends that Tennessee users of Bovada withdraw their funds immediately. Our primary role is the protection of the public interest through a safe, regulated environment, and Tennessee sports bettors need to know that just because they can access a sports betting website or app inside Tennessee’s borders does not mean it is licensed to do business here,” Mary Beth Thomas, Executive Director of Tennessee Sports Wagering Council, said.
Legal sportsbook operators provide important bettor protections not found in the illegal market. If an individual wagers with unlicensed sportsbooks, their sensitive financial and personal information may not be protected and could even be shared with criminal enterprises. The bettor’s money could be withheld or disappear without a way to recover it.
The SWC is working closely with its network of law enforcement at the state and federal level to eradicate illegal sportsbooks such as Bovada and others.
Tennessee is the largest “online-only” sports betting market in the US, with more than $4.7 billion wagered in Tennessee last fiscal year through online sportsbooks licensed by the Council.
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