Isle of Man

News & Analysis

UK Parliamentarians Warn Premier League Of Sponsor Probe

The vice chair of a coalition of UK politicians has warned the Gambling Commission and the English Premier League to account for alleged ties of eight sports-betting sponsors to convicted junket supremo Alvin Chau or face a parliamentary probe.

Blockchain Ensures Gambling Crypto Funds Are Cleaner Than Cash, Says Panel

Regulators hoping to unlock the payment and responsible gambling benefits of blockchain technology should develop frameworks to accept digital currencies attached to digital identity, according to a panel of experts.

SportPesa Founders Scrap Over 'Suspicious Transactions'

Paul Ndung’u, the former chair of Pevans East Africa, the entity behind SportPesa in Kenya, has accused the company’s foreign shareholders of siphoning more than $250m to offshore accounts at the expense of local investors.

Regulatory News Updates – January 17, 2020

Ukraine gives initial approval to wide-ranging gambling decriminalisation bill, New York lawmakers launch new effort to bring mobile to the state, and Australian regulator continues offshore crackdown.

GVC To Move Holding Company To UK From Isle Of Man

GVC Holdings is planning to move its holding company and tax residency from the Isle of Man to the UK, so it can hold board and shareholder meetings on the mainland.

Research & Reports

Isle of Man: Data Protection Act 2018 Comes into Force

On May 15, 2018, the Data Protection Act 2018 of the Isle of Man entered into force under the order of the Council of Ministers. The act aims to enhance the protection of personal data and to regulate personal data control and processing.

Under the act, the Council of Ministers may apply any EU instrument concerning data protection to the law of the island. It may also take steps to ensure the implementation of any EU obligation that the island has concerning personal data protection.

Isle of Man: Government Launches Consultation on AML Amendment Bill 2017

On December 18, 2017, the Isle of Man (IoM) government opened a consultation on its Anti-Money Laundering and Other Financial Crime (Miscellaneous Amendments) Bill 2017, which has been launched in response to the MONEYVAL mutual evaluation report published on the IoM in January 2017.