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In-game betting is increasingly popular in the sports world. It’s taking a step backward in Portugal, though, following the introduction of a new regulation restricting where sportsbooks can publish their odds.
In-game, or live betting, is the act of wagering 레이스벳 www.sportstoto7.com on a particular game as it happens. It offers challenges that conventional sports betting doesn’t. The odds move up and down quicker and bettors have to be able to react accordingly.
It’s not a new concept- some sportsbooks have included in-game options for years. However, the rise of legalization, especially in the US, facilitated increased participation. Portugal has decided, though, that in-game betting doesn’t need too much exposure.
The Gambling Inspection and Regulation Service (SRIJ, for its Portuguese acronym) established a new rule last week. No.1/2022/SRIJ updates different aspects of the country’s sports betting regulations, including the regulator’s approach to in-game betting.
From now on, operators cannot display live odds on any platform, advertising media, or stadium displays. This also means no presentation of live odds on Twitter, Facebook feeds, and other social media platforms. Operators must restrict the odds of their own websites.
Disclosure of ‘odds’ in real-time outside the entity’s website explorer, in addition to configuring an easy appeal to the game, is not a means that observe and respect the … rules of the Advertising Code,” explains the SRIJ.
Any operator who violates the rule potentially faces fines or other sanctions, in accordance with the regulator’s rules on illegal advertising. The SRIJ didn’t specify what types of actions it may take in the event it discovers a violation.
The goal of the new rule is to limit exposure to gambling-related activity by the general public. It also seeks to prevent any appearance that in-game betting can produce greater returns and stop the potential for impulse betting. https://www.ufs.ac.za/Search-Results?indexCatalogue=All-Sites-Search-Index&searchQuery=https://sportstoto7.com/
Clamping Down on Betting Ads
In October 2021, Portugal applied restrictions to gambling advertisements in the country. The Portuguese government believes that gambling should be treated in the same way as alcohol. It passed four laws in October 2021 to limit gambling advertisements.
The introduction of the laws was strongly related to the COVID-19 pandemic. There was a considerable increase in the number of young people gambling in Portugal during lockdowns. This served as a catalyst for the creation of several new restrictions linked to different forms of gambling and betting.
In addition, a time limit was also imposed for the advertisements of gambling providers. In Portugal, providers are not allowed to advertise in the media between 07:30 AM and 9:00 PM. This is similar to policies in other countries, including the UK, that is clamping down on sports betting ads.
The SRIJ indicates that the online sports betting category reached €423.8 million (US$466.18 million) in the first quarter of 2021. Compared to the same period in 2020, it represents a growth of 284%, when the volume of bets stood at €149.2 million (US$164.12 million).
This evolution of the industry was sustained by an equal growth in the number of bettors. In the first quarter of 2020, SRIJ identified about 440,000 players. A year later, that number grew to 770,000.
In a landmark decision and the New York Court of Appeals yesterday reportedly reversed an earlier decision to rule that daily fantasy sports are legal and do not violate the eastern state’s constitution.
According to a Tuesday report from the Associated Press news service, the determination reversed an appellate determination from 2020 that found daily fantasy sports breached New York’s constitutional ban on gambling 벳365 https://bit.ly/36K9oE8+ . This earlier judgement purportedly came as a blow to prominent providers such as DraftKings Incorporated and FanDuel Group while putting the kibosh on a 2016 law that portrayed the activity as lawful because it provided for minimum standards, consumer safeguards and the registration, taxation and regulation of operators.
Competitor control:
Writing for the majority in the historic five-to-four decision and Chief Judge Janet DiFiore reportedly declared that the state’s constitutional prohibition on gambling doesn’t include skill-based competitions in which winning punters exercise ‘substantial influence’ over the outcome of a contest. The 66-year-old justice purportedly also decreed that the outcome of a daily fantasy sports game ‘turns not on the performance of real-life athletes as it would with respect to a bet or wager’ but rather on whether a contestant ‘has skillfully composed and managed a virtual roster so as to garner more fantasy points than rosters composed by other participants.’
Claimant calamity:
The Associated Press reported that the original lawsuit challenging the constitutionality of the 2016 New York law was coordinated by the non-profit Stop Predatory Gambling organization on behalf of four plaintiffs who had alleged personal or family harm owing to debts from gambling. An attorney for this group, Neil Murray, purportedly expressed disappointment that the New York Court of Appeals had not applied ‘the ordinary, commonsense definition of gambling’ in coming to its decision on daily fantasy sports.
Cinema comparison:
In writing for the minority and New York Court of Appeals Judge Rowan Wilson reportedly asserted that the decision ‘effectively amends’ the state’s constitution and is reminiscent of a scene from the classic film Casablanca in which the character of Captain Renault expresses surprise at the prospect of gambling taking place in a local nightclub while simultaneously being handed his winnings.
Giant’s glee:
For their part and DraftKings Incorporated and FanDuel Group both reportedly expressed delight at yesterday’s ruling with a spokesperson for the latter firm, Kevin Hennessy, using a prepared statement to describe New York as its ‘home’ where aficionados ‘have enjoyed playing daily fantasy for years.’
Reportedly read the statement from Hennessey…
“We are pleased that New Yorkers will continue to have access to fantasy sports contests.”