Stake has taken over the Betfair license that originally entered Colombia in 2020. Coljuegos has certified the legitimacy of the authorization in the Colombian market at least until the end of 2025. Stake is a bitcoin (BTC) and cryptocurrency online casino licensed and regulated by the laws of Curaçao that offers an extensive line of games and sports betting.
It was created in 2017 by Bijan Tehrani and Ed Craven, also founders of casino game provider Easygo. In fact, Stake was conceived and planned in the latter company's offices, located in the business district of Melbourne, Australia.
Colombia was the first South American jurisdiction to regulate the market and Stake has identified it as optimal in its expansion strategy. The objective is to establish itself as a market leader within the next two years.
The operation is ambitious because Colombia should serve as a launching pad for other Latin American jurisdictions. In fact, it maintains agreements with local operators in Mexico and Paraguay, in the latter case taking into consideration that there is a single operator that monopolizes the Betting market.
The first Stake.com ambassador is the former Argentine soccer player Sergio Agüero, who shares the bill with the Alfa Romeo Formula 1 team.
The theft of 40 million dollars from Stake.com
On September 10, Stake.com was the victim of a theft by North Korean hackers who transferred 25 million in cryptocurrencies to several accounts in several countries around the world.
Stake.com co-founder Edward Craven said this was a "sophisticated breach" that exploited a service the casino uses to authorize crypto transactions.
The Ministry of Finance has announced that it will promote the edition of approximately twelve regulatory decrees in relation to the law that regulates sports betting in Brazil. This measure aims to reinforce that regulation is ongoing and that, at this time, it cannot be subject to sanctions by states.
The team of Minister of Finance, Fernando Haddad, has committed to delivering the complete regulation in the near future. This document will include standards for issuing state licenses so that they do not interfere with federal licenses.
Concern has also been expressed about establishing a supervisory system to prevent attempts at tax fraud. In addition, cases of locally licensed betting houses that allow betting on games in the rest of the country will be observed. In Rio de Janeiro, Loterj has implemented a system that requires a declaration of address by the bettor.
The law, sanctioned at the end of December, brought more clarity to the scenario. The government, after pressure and reports of fraud, acted to regulate the market. Thus, with the creation of the National Gambling and Betting Secretariat and the projection of significant revenue, the sports betting market in Brazil is about to enter a new phase. Therefore, the measures taken by the government aim to not only regulate but also ensure integrity and safety in this expanding sector.
More and more women are encouraged to join online betting. 16.8 percent of the respondents were female, while 82.6 percent were men. The remaining 0.6 percent declared themselves to be "Non-binary." This means that out of every six bettors, one is a woman, which shows how the female presence is very representative in this scenario.
As the study highlights, the growing participation of women in this industry must lead to some changes to enhance this reality and how to understand the role of women:
• Advertising actions must also be aimed at women. In addition to being a very statistically relevant audience, it can generate more empathy and connection with the brand.
• Women also like sports. Another natural consequence of these figures is that not only men like sports, but also women. In parallel, there is a growth in the audience for women's sports, which may be in line with the interest.
• Regarding the average age, 36 percent of bettors are between 30 and 39 years old. 30 percent are between 21 and 29 years old; 19 percent from 50 to 59 years old and 9 percent from 18 to 20 years old.
• 62 percent of the respondents are single, while 33 percent are married, and the remaining 5 percent are divorced or widowed.
• 41 percent of bettors bet 2 to 4 times a week, 19 percent do it once a week. The remaining 60 percent do it more than five times a week. • The preferred sport for betting is soccer, chosen by 85.7 percent of those surveyed. Other relevant ones are basketball (14.3 percent), e-sports (4.6 percent) and tennis (3.5 percent).
In an inspection carried out by the Attorney General's Office of the Nation at the facilities of the Colombian Federation of Education Workers (Fecode), a union that represents unionized teachers in Colombia; Indications were found that compromise illegal financing and diversion of funds for Gustavo Petro's campaign, of which the current president of Coljuegos was aware. The Prosecutor's Office does not investigate the violation of limits but rather the use of illicit sources for financing, an autonomous crime provided for in Law 1864 of 2016.
Hincapié is part of the board of directors of Colombia Humana. However, he declared himself surprised when they asked him about the request to testify before the CNE( Consejo Nacional Electoral ,name in Spanish)
'I know nothing.'
“And why are they going to summon me? I don't know anything; they haven't notified me of anything. Until I am notified, I cannot give any statement on the subject, it would be irresponsible on my part,” said Hincapié from London where he is attending the Gaming Fair, invited by sports betting companies.
Sources close to the party say that it was he who designed the payment scheme for electoral witnesses and the contract with the firm Ingenial Media SAS. “for the implementation of the comprehensive electoral control scheme, “after the elections of May 29, 2022.”
Surprisingly and without the legal procedures, Coljuegos has published Resolution 20241200001824 that authorizes the entry into operation of MET's that operate illegally and that cannot comply with the minimum requirements required by it.
Met's de Paz (Electronic machines for peace) , is the name that Coljuegos has given to the aforementioned resolution and which suggests to whom the benefit is directed; The nervousness of the Luck and Chance Games industry in general is evident due to the influx of capital resulting from extortion, micro-trafficking and other criminal modalities that at this time profit, among others, from illegal gambling and which has the expected space in this resolution. to legalize.
Only two days before, its president Marco Emilio suspended the SCLM+ process arguing that “…its primary objective is to improve the image of the sector and build trust in the financial system, for which he considers it necessary to have technological tools that are under the trends demanded by the market and in line with international standards that allow providing greater guarantees and security in terms of transactions carried out through its information systems….” It is clear that the gaming elements that currently operate on the street do not have the minimum transmission requirements and it is contradictory since they should comply with the standard cited in resolution 20211200034224 of 2021 and its annex of technical requirements electronic slot machines of 22/ 11/2021.
“MET's for Peace” has decreased the minimum number of elements for the contract to 80, has increased the highest prize in the case of interconnected ones to 392 UVT and will have a minimum return percentage of 82.5%.
A novel aspect is the way in which taxes are collected, where the operator undertakes to make a single payment equivalent to 5 days of the legal minimum wage in force at the time of entry into operation of each MET.
The regulations are contained in Supreme Decree 005-2023-Mincetur, which will come into force as of February 9, 2024. After the approval of the regulation, casino operators have 120 days to comply with the new regulations and register their businesses with The authorities. Active online operators have a period of one month, from February 10 to March 10, 2024, to register. Failure to comply with the regulations during this one-month period will result in a fine of S/742,500 to S/990,000.
Failure to comply will also lead to criminal action by the government.
«The norm will allow the Peruvian State to collect about S/162 million annually, to be invested in the reactivation of tourism, tourist infrastructure works, promoting sports and attending to mental health programs; We also make it clear that it will not affect betting and the payment of prizes," said Juan Carlos Mathews, Minister of Foreign Trade and Tourism of Peru.
Once the new gaming regulations are implemented, and casino establishments have formally registered, online casino players will finally be able to enjoy slot games with their preferred themes. The regulatory standard aims to guarantee that the exploitation of these activities is carried out in a transparent, honest, and upright manner.
Furthermore, another of its purposes is to ensure and protect vulnerable populations through control measures and responsible gaming policies.
Responsible gaming policies
Lines of Action for Responsible Gaming In addition to the mandatory policies and procedures, betting sites must promote the lines of action that I show you below.
Important: Betting houses that do not promote responsible gaming guidelines and establish voluntary exclusion procedures will be fined a total of 50 UIT up to 150 UIT.
Sensitization Raise awareness and inform the population about the characteristics of pathological gambling and its risks. In addition, a call is made to disseminate preventive measures and the availability of access to free treatment of assistive devices. Prevention Implement actions aimed at educating and raising awareness about responsible gaming behaviors, with the aim of minimizing risks and guaranteeing the protection of vulnerable groups.
Also, it is requested to promote healthy play in children, adolescents and the elderly through the creation of recreational spaces. Guidance and Assistance Guarantee access to information and interdisciplinary treatment of gambling addiction through different assistance devices. Investigation Develop lines of research in relation to the expansion of gaming and new modalities that arise as a result of market advances.
Likewise, the studies carried out on the prevalence of pathological gambling and the behavior of gamblers must be further explored.