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On the Monday morning after a somewhat-chaotic week in the businesses of sports, sports betting and gambling, we reconvened the media roundtable for a new episode of the Gaming News Canada Show presented by Bede Gaming.
Covers gaming industry beat reporter Geoff Zochodne, Steve Ruddock of the Straight to the Point newsletter and Gaming News Canada newsletter editor Dave Briggs joined your humble host for a rather lengthy conversation. Much of the focus was on the ongoing investigation by the FBI into illegal sports betting and allegations of rigged poker games involving the mafia that have so far led to the arrests of Miami Heat player Terry Rozier, Portland Trail Blazers head coach Chauncey Billups and former NBA player/assistant coach Damon Jones. The reactions across the sports and gambling industries, the media coverage, a bipartisan invitation from the U.S. Congress for NBA commissioner Adam Silver to come to D.C., and what regulators and operators could/should do were among the topics discussed.
The panel also spent time weighing in on the NHL’s new partnership agreement with prediction market firms Kalshi and Polymarket, which continue to butt heads with legal gaming operators and advocates, and regulators in the U.S. of A.
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Preventing Money Laundering in Canada’s Online Gaming & Sports Betting Industry
The prevention of money laundering in the Canadian gambling industry, especially in the still-young world of online gaming and sports wagering, is a hot-button issue with all stakeholders.
To dig into the topic, with suggestions to bring Canada’s anti-money laundering laws in sync with the new world of gaming, a new episode of the Get to Know Canadian Gaming podcast brought together CGA President/CEO Paul Burns and Senior Advisor Amanda Brewer, and Derek Ramm – the Global Head of Advisory Services for Kinectify and a member of the CGA board of directors.
Ramm, who has an extensive background in AML issues including time with the Alcohol and Gaming Commission of Ontario, shone a spotlight on the current laws in Canada and the concerns with them from the gaming industry. Burns talked about the current efforts by the Canadian Gaming Association to advocate changes to the laws with the federal government, and working with stakeholders to do business under the current laws. Brewer, who hosted a panel on AML at the Canadian Gaming Summit in June, discussed the key takeaways from that discussion.
The panel also weighed in on the current AML landscape in the Ontario market, and the conversations that are taking place around the imminent opening of a regulated, competitive marketplace in Alberta.
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