DraftDay Gaming Group Announces Consumer Protection Safeguards

DraftDay Gaming Group Announces Consumer Protection Safeguards

The National Council on Problem Gambling is welcoming new consumer protections being employed by DraftDay that aim to provide more player security.

DraftDay Gaming Group, co-owned by Sportech and Viggle, announced plans this week to implement an ‘industry-defining customer protection initiative’ that will mimic the safeguards that are regulatory by online gambling markets in the usa.

After consulting with all the National Council on Problem Gambling (NCPG), DraftDay settled on a variety of guidelines that will develop a safer, more transparent fantasy that is daily (DFS) industry.

The business-to-business DFS supplier, that also operates its own standalone platform, has partnered with GeoComply, IDology, and Paysafe to display how daily fantasy contests may be properly controlled while at the same time frame protecting players.

‘With phone calls for stricter consumer protection by many state governments, DraftDay, with the NCPG, has created a group of skill-based daily fantasy sports consumer-oriented policies to handle each state’s increased demands for security and accountability,’ DraftDay CEO deep Roberts said in a press release.

The (Daily Fantasy) Sports Authority

The NCPG is amongst the leading voices in the United States with regards to talking about gambling expansion and controls, the agency may be the primary advocate in fighting for those prone to and affected by problem gambling.

In October, the council added a resolution to its mission to range from the emerging DFS market.

‘Recent changes in fantasy activities contests have raised concerns about the potential that is addictive of recreations,’ the NCPG said in its announcement. ‘Fantasy activities players whom become preoccupied, unable to stick to limits of the time and money and harm that is therefore suffer their emotional or economic wellness may meet gambling addiction criteria.’

‘Cases of severe gambling issues stemming from daily fantasy participation have now been reported… Few fantasy activities operators provide customers with appropriate consumer protection features.’

DraftDay’s teaming aided by the three aforementioned third-party companies directly address those concerns raised by the NCPG.

GeoComply has a 100 percent iGambling share of the market in america and may be the only ‘compliance grade’ geo-location service in identifying in which a gambler that is potential attempting to access an Internet casino.

IDology is a real-time solution that identifies and validates a person’s online authenticity and age before any transactions are permitted to proceed.

Paysafe is an online repayment conglomerate that owns Neteller and Skrill, two associated with the leading ecommerce processors.

Welcome to Nevada

Daily fantasy is a topic that is decisive has captivated onlookers across the country, numerous states deliberating on what direction to go.

The Silver State isn’t one of these.

In October, the Nevada Gaming Control Board (GCB) declared DFS unlawful and in violation of its current interactive gaming rules.

‘ In a nutshell, daily fantasy sports constitute activities pools and gambling games,’ the GCB stated in a memorandum. ‘As an effect, pay-to-play fantasy that is daily may not be provided in Nevada without licensure.’

Although the GCB didn’t explicitly address the dearth of DFS safeguards in its ruling, for an gaming that is online to secure a license in Nevada it must conform to a series of stipulations including particular game play requirements and security measures.

By self-imposing laws on its items, DraftDay could be aligning itself for an entry into Nevada and perchance other states.

Caesars, the only meaningful online poker operator staying in Nevada, could swiftly enter the DFS market and take a monopoly should it opt to partner with DraftDay.

Australia reports Record Gambling Figures, But Does a Gambling be had by it Problem?

‘Pokie’ machines, which can be purchased in pubs across Australia, are the biggest factor to problem gambling in the nation, yet they bring in huge amounts of bucks in tax every year. (Image: Adelaidenow.com.au)

Australia’s love of gambling, is frequently perhaps too quickly dismissed being an endearing area of the national character, and it is starting to cause alarm among the list of nation’s politicians and media.

Recently Australians had been revealed to end up being the biggest ‘losers’ in the world, in gambling terms; a neat, headline-friendly way of saying just that they gamble the most per capita, because, of course, the overwhelming majority of gamblers lose over time (and Australians are no different).

However, throughout the last months that are few the Aussies have surpassed themselves.

The other day it had been revealed that, during Q3, Australian gamblers wagered a startling and record-breaking AU$6.5 billion (US$4.8 billion), which equates to well over $1,000 per year, per Australian, man, woman, and youngster.

This figure is up 6.1 per cent for the period that is same 2014 and represents twice as much as is gambled in the united states per capita, and almost three times as much as the UK.

Over the last year, the growth in gambling has outpaced the growth of the Australian economy by 100 percent.

Fewer People Gambling Harder

Does Australia have actually a gambling issue? Well, clearly some Australians do, and issue gambling does seem to be proportionately higher within the nation than others.

The number of those actually engaging in gambling has fallen over the last 15 years while gambling spend is up, for instance. In 2000, 80 percent of Australians said they participated in some form of gambling, but that number had fallen to 64 percent by 2014.

The implication that is inflation-adjusted clear: less Aussies are gambling, but the ones that are are gambling harder.

‘There had been a period through the 1990s when there is a great escalation in gambling. That then tailed off in the 2000s as town found realize the potential risks involved,’ said Australian Gambling Research Centre supervisor Anna Thomas told the Sydney Morning Herald this week.

‘But that doesn’t account fully for individuals who are still gambling and gambling at very high levels, especially on pokie machines. There also hasn’t been a drop in problem-gambling issues. There’s a group of people in the population who are experiencing significant harm.’

Homegrown Problems

The Australian federal government estimates that more than 400,000, predominantly male, Australians have gambling problems, some 1.7 percent of the people.

Politicians are demanding studies in the contribution of offshore online gambling sites, in an effort to curtail the negative social impact of new technology on the population.

But ultimately, it appears, the significant problem remains homegrown and very-much land-based.

While online activities gambling and casino video gaming are on the rise, slots, or ‘pokies’ as they have been referred to colloquially, still represent the gambling spend that is highest by far.

‘ Pokies will be the biggest revenue generator,’ Dr Sally Gainsbury through the Centre for Gambling Research at Southern Cross University told the BBC recently. ‘Around two-thirds of most gambling losses are through the pokies plus in Australia that amounts to around AU$9.8 billion a year.

It is estimated that in 2014-15 the government that is australian get almost AU$5.9 billion from gambling taxes, the big component from pokie machines.

Pennsylvania to Include Online Gambling in State’s Home Budget

Pennsylvania Representative John Payne, whose Bill HB 649 appears become the cornerstone for hawaii’s House on line gambling provisions. (Image: vimeo.com)

Pennsylvania might be standing on the brink of appropriate on line gambling, at the very least in the event that state’s House gets its means.

Two budget plans have actually emerged because the state legislature seeks an end that is speedy its five-month-long budget impasse, one of which, proposed by the home, would legalize on the web gambling as quickly as possible.

The $30.2 House billion budget plan pushed forward this week in Pennsylvania would increase funding for public schools, and specifies that the spending that is additional be covered by income from online video gaming, as well as a hike on tobacco cigarette fees.

The figures quoted in the plan ($120 million generated by online gaming, plus $24 million in one-off online gaming license fees) correspond exactly with the projections of John Payne’s HB 649, an online gambling bill that was authorized by the House Gaming and Oversight Committee month that is last.

It is unknown whether or not the budget plan is proposing to adopt only particular areas of the Payne bill or the bill in its entirety.

Payne Bill Proposals

HB 649 was introduced in February, but seemed to be going nowhere until interest in the online gambling question was revived by the budget impasse. Republicans were unwilling to lean on the taxpayer to plug Pennsylvania’s $2 billion deficit and, as the standoff continued, alternative means of increasing revenue became a necessity that is increasing.

The bill proposes that only hawaii’s existing gaming licensees will be eligible to apply for a license that is online. It suggests a tax price of 14 percent of gross gaming revenue, which will be one % less than New Jersey, and a licensing that is one-off of $5 million.

HB 649 has no specific ‘bad actor’ provisions, which may potentially enable PokerStars to enter a future online poker market, which is extremely open towards the idea of interstate liquidity sharing.

Less Help in the Senate

The notion of online gambling regulation holds less weight into the Senate than it does inside your home, and meanwhile, the Senate is pushing its own budget plan that is unlikely to include any form of gaming expansion.

We do not know for sure yet, because the Senate plan includes no details on revenue generation, just expenditures. These expenditures amount to fifty per cent of a billion dollars a lot more than the House plan, which raises issue of how it intends to fund its plan.

Exactly What is without a doubt, is this one of these plans must be approved by Congressional vote and it must be performed quickly.

‘Maybe we should have already been in this spot in ‘ Senate Majority Leader Jake Corman told Philly.com this week july. ‘But we have to get something we can understand this thing over with. that we can all sign and pass [so]’

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