Tag: 上海夜网EU

IBIA – MGA must adopt coherent approach on sports betting customer disputes

first_imgShare IBIA: Australia has made no progress on safeguarding sports integrity   July 28, 2020 TVBET passes GLI test for five live games in Malta and Italy August 25, 2020 Related Articles Share Submit The International Betting Integrity Association (IBIA) has published its official response to the Malta Gaming Authority’s (MGA) consultation on ‘suspicious betting reporting requirements and further integrity matters’. The IBIA underlined that it has followed MGA legislative developments closely since the regulatory body launched its ‘Prevention of Corruption in Sport Act‘ in  2018.Furthermore, the IBIA has supported the MGA in developing its ‘Sports Integrity Unit’ which became operational in 2019, stating: “We have had a positive relationship with the MGA for some years and supports the authority’s allocation of resources to, and focus on, sports betting integrity provisions.”Strengthening its integrity oversight, the MGA will implement its new ‘Section 43’ order sanctioned under its ‘Gaming Authorisations and Compliance Directive’.   Section 43 will require all B2C sports betting licensees to directly inform the MGA of any circumstances or instances of suspicious betting.Further licensee demands will require sportsbook operators to report all circumstances of voided bets as a result of ‘suspicion of manipulation’ with operators providing supporting documentation informing the MGA of their judgement and actions.As yet the MGA has not enforced Section 43, which forms part of the regulator’s new compliance functions sanctioned in August 2019, as the MGA seeks wider stakeholder input on the sports integrity directive.The IBIA has praised the MGA decision to conduct a further consultation on its draft suspicious betting protocols as an ‘example of good practice’.In its response, the IBIA highlighted three critical areas that the MGA must provide clarity for operators and stakeholders in relation to  ‘customer disputes relating to suspicious betting’,  ‘operator engagements with a global monitoring bodies’ and ‘betting integrity policy engagement with operators’.On customer disputes, the IBIA advised the MGA to adopt a suitable ‘dispute resolution process to ensure consistency of approach’.The integrity body pointed to recognised dispute resolution providers IBAS and eCOGRA, as institutions that have delivered a structured and coherent mechanism for dealing with customer disputes related to sports wagering.  Working with its members and arbitration bodies, the IBIA stated that it has developed standard frameworks for dealing with customer disputes and launching investigations that the MGA should consider.On operator engagement, the IBIA praised the MGA for recognising that operators play a fundamental role in integrity monitoring so that data can be relayed to relevant authorities.The MGA is advised to utilise data sharing to its ‘best effect’, with betting alerts focused on customer account transactions, over static market odds monitoring.   The IBIA underlined that effective data transfer on customer activity will help authorities gain vital evidence with regards to identifying criminal locations, spotting disproportionate wagering volumes, analysing behaviours and finding out which sports have been targeted.Highlighting the threat of international gangs targeting sports betting, the MGA is urged to adopt the IBIA’s ‘customer-based international alert system’.On the developing betting integrity policy, IBIA advises the MGA to develop a ‘regulator forum’ for open engagement with its licensed operators.  The Gibraltar Gambling Commissioner is branded as a key example of a regulatory body working with operators to properly structure and organise its information-sharing alert systems, helping improve its sports integrity technical systems and documenting procedures.   “Given that suspicious betting and the manipulation of sporting events is a global issue, IBIA hopes that the MGA will also give due consideration to what role this association might play in any future MGA initiatives in this area,” the IBIA stated concluding its response. StumbleUpon Soft2Bet continues new market drive with Irokobet launch August 26, 2020last_img read more

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Home Prices on LowEnd Growing the Fastest

first_img Home prices in the U.S. housing market has seen some major gains over the last few years, but you will be surprised to know that much of this growth is stemming from homes that are priced 75 percent or less of the median home price.CoreLogic’s MarketPulse Report found that low-end home prices are appreciating that fastest. Nationally, home prices are up 6.3 percent year-over-year as of November 2015 and 0.5 percent month-over-month, according to CoreLogic’s Home Price Index Report. Although the HPI has increased year-over-year every month since 2012, prices are still 7.3 percent below the peak in April 2006.The largest home price gain was recorded in Colorado for the 10th consecutive month, with a 10.4 percent year-over-year increase. Washington (10.2 percent) and Oregon (9 percent) had the second and third largest yearly home price gains.The states of Mississippi, Louisiana, and New Mexico showed negative home price appreciation at -3 percent, -1.6 percent, and -0.7 percent, the report found.According to CoreLogic, Nevada’s home prices are the furthest away from their all-time high, down 30.1 percent from the March 2006 peak.CoreLogic also reviewed four home-price tiers:  the low-end tier consists of homes prices at 75 percent or less of the median, the low-to-middle tier consists of homes prices between 75 and 100 percent of the median, the middle-to-moderate tier are homes price between 100 and 125 percent of the median, and the high-price tier are homes priced higher than 125 percent of the median.The MarketPulse report showed that the low-end tier is leading home price gains, rising 8.2 percent year-over-year in November 2015 and 8.4 percent for the entire year. This tier has also recovered 48.8 percent since its all-time low in March 2009, and is the only segment to pass its pre-crisis peak.The low-to-middle tier has recovered 43.3 percent from its low point in March 2011 and grew 7.2 year-over-year, but it is still 8.9 from its peak, CoreLogic found. the middle-to-moderate tier rose 5.6 percent year-over-year, but is 8.2 percent from its peak. Lastly, the high-price tier rose 5.4 percent year-over-year, but is still 5.5 percent from its peak.Click here to read the full report. Share January 21, 2016 511 Views in Daily Dose, Data, Featured, Market Studies, Newscenter_img CoreLogic Home Prices Low-End 2016-01-21 Staff Writer Home Prices on Low-End Growing the Fastestlast_img read more

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