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Via a Tuesday press release, the Curacao-licensed crypto-currency platform stated that it raised approximately million courtesy of a four-month token sale while its new back-end system is being supplied by Jersey-headquartered online instant-win and lottery games innovator Twelve40.“We won’t tolerate gambling ads that exploit people’s vulnerabilities or play fast and loose with eye-catching free bet and bonus offers,” reportedly read a statement from Shahriar Coupal, Director for the Committees of Advertising Practice.In addition, the newspaper reported that the updated rules will stipulate that all ‘matched bets’ offers should treat stake limitations as a significant condition that is advertised upfront....

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A great bonus scheme has been added to give players access to unprecedented win options.In addition, the newspaper reported that the updated rules will stipulate that all ‘matched bets’ offers should treat stake limitations as a significant condition that is advertised upfront. A great bonus scheme has been added to give players access to unprecedented win options....

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The BBC reported that the updated rules are to be utilized by the Advertising Standards Authority when considering complaints or levying fines and will additionally place further restrictions on adverts that prey on players’ self-esteem or financial concerns. As an example, The Daily Telegraph used a current advert from bookmaker Ladbrokes that purportedly promises all new online players an ‘up to ￡50 free bet’ although a spokesperson for the watchdog told the newspaper that this offer does not make clear that this is a ‘matched bet’.Wild Crypto stated that its launch is ‘set to disrupt the global lottery and iGaming sectors’ as its inaugural lottery draw offered an ultimate jackpot of one million Wild tokens while it intends to ‘guarantee an open and honest experience’ by publishing all of the results of its games to the blockchain....

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“By delivering a secure and transparent gaming platform built upon pioneering blockchain technology, we have a unique opportunity to reach demographics of players who do not currently engage with existing lottery and iGaming products,” read a statement from Trentini.However, the biggest change is reportedly set to involve the advertising of ‘free bets’ as the Committees of Advertising Practice is to immediately enforce a provision that will require all licensed online casino and sportsbetting operators to prominently list these offers’ specific terms and conditions. “Our new guidance takes account of the best available evidence to strengthen the protections already in place, ensuring that gambling is presented responsibly, minimizing the potential for harm....

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However, the biggest change is reportedly set to involve the advertising of ‘free bets’ as the Committees of Advertising Practice is to immediately enforce a provision that will require all licensed online casino and sportsbetting operators to prominently list these offers’ specific terms and conditions.The BBC reported that the announcement of the new rules comes in the wake of this week’s decision by the Gambling Commission regulator to levy a 8,600 fine against ElectraWorks Limited after seven of the prominent online casino operator’s websites were found to have breached existing rules on the promotion of ‘free bonuses’. As an example, The Daily Telegraph used a current advert from bookmaker Ladbrokes that purportedly promises all new online players an ‘up to ￡50 free bet’ although a spokesperson for the watchdog told the newspaper that this offer does not make clear that this is a ‘matched bet’....