Coinbase Opposes Stablecoin Yield Compromise in Senate Crypto Bill – Dispute Threatens Progress of Market Structure Legislation

Key Takeaways

Coinbase Pushes Back on Revised Stablecoin Yield Language

Coinbase has reportedly voiced opposition to the latest compromise proposal concerning stablecoin yields in the US Senate’s crypto market structure bill. According to Punchbowl News, representatives from the exchange told Senate lawmakers during a meeting on Monday that they had concerns about the revised language dealing with yield payments on stablecoins.

The new proposal, which circulated earlier in the week, would reportedly prohibit third parties such as crypto exchanges from paying yield on stablecoins. The measure is designed to address concerns raised by banking groups. These groups argue that allowing exchanges to offer yield creates a pathway for funds to move out of traditional bank deposits.

Coinbase did not immediately respond to requests for comment, according to the report. The company is one of the largest crypto lobbyists in the United States and has played a visible role in discussions around federal digital asset legislation.

Stablecoin Yields at the Center of Industry Dispute

The debate over stablecoin yields has been a central obstacle in efforts to advance the Senate’s crypto bill. The legislation aims to define how US regulators should approach digital assets and provide a broader market structure framework.

Banking groups contend that exchange-paid stablecoin yields represent a loophole in the GENIUS Act. That earlier legislation banned stablecoin issuers from paying yield directly to holders. According to banking advocates, allowing exchanges or other third parties to provide yield could undermine the intent of that prohibition and increase the risk of deposit flight from community and traditional banks.

On the other side, the crypto industry views stablecoin yields as a significant business component. Exchanges generate user engagement and revenue through such offerings. Industry representatives have argued that the risks cited by banks are overstated and have characterized the banking sector’s position as anticompetitive.

The White House has hosted at least three meetings between representatives of the crypto and banking sectors in an effort to reach a compromise. So far, those discussions have not produced a final agreement.

Previous Opposition Contributed to Legislative Delay

The current dispute follows earlier tensions between Coinbase and lawmakers over the bill. In January, Coinbase withdrew its support for the legislation. Shortly after that move, the Senate Banking Committee indefinitely postponed a planned markup session that would have advanced the bill.

That sequence underscored the influence of major industry participants in the legislative process. As one of the largest US-based crypto exchanges and a significant lobbying presence, Coinbase’s position carries weight in negotiations around digital asset regulation.

The Senate effort is being led by Republican Senator Thom Tillis and Democratic Senator Angela Alsobrooks. Senator Alsobrooks recently indicated that the compromise under discussion may leave both crypto advocates and banking groups dissatisfied, highlighting the difficulty of balancing competing interests.

Political Timeline Adds Pressure to Ongoing Talks

Republican lawmakers are seeking to pass the crypto market structure bill before the upcoming midterm elections. A shift in the composition of Congress could affect the momentum behind digital asset legislation.

The House of Representatives has already passed its version of the bill, known as the CLARITY Act, in July. The Senate is now working on its own version, with stablecoin yield provisions emerging as one of the most contentious elements.

Senator Cynthia Lummis stated publicly that bipartisan compromise is necessary for the CLARITY Act to pass. She also emphasized the need to protect stablecoin rewards while preventing deposit flight from community banks. Meanwhile, Patrick Witt, executive director of the President’s Council of Advisors for Digital Assets, addressed social media commentary around the bill, noting that misinformation was circulating during the latest round of negotiations.

The political calendar has increased urgency around the talks. Lawmakers supporting the bill argue that delaying passage could push comprehensive crypto regulation further into the future.

Implications for Exchanges and Stablecoin Users

For crypto exchanges, stablecoin yield products represent an important offering. If the Senate ultimately adopts language that prohibits third parties from paying yield, exchanges could face restrictions on certain business models tied to stablecoin rewards.

For users, including those who rely on stablecoins for trading, payments, or as a base currency on crypto platforms, changes to yield rules could affect how platforms structure incentives and account features. While the current debate focuses on legislative language rather than immediate operational changes, the outcome of the negotiations may shape how exchanges design stablecoin-related services in the US market.

The discussions also highlight the broader regulatory tension between traditional financial institutions and digital asset firms. The resolution of the stablecoin yield issue is likely to influence the final form of the Senate’s crypto market structure framework.

Our Assessment

The reported opposition from Coinbase to the latest stablecoin yield compromise underscores the central role that yield provisions play in the Senate’s crypto market structure bill. The dispute between crypto exchanges and banking groups has already delayed legislative progress and remains unresolved despite multiple rounds of negotiations. With bipartisan lawmakers continuing talks ahead of the midterms, the final treatment of stablecoin yields will be a key determinant of whether and how the Senate advances comprehensive crypto regulation.

Isle of Man Proposes Fines for Gambling Executives – AML Accountability Could Extend to Directors and Compliance Officers

Key Takeaways

Consultation on Personal Liability for AML Failures

The Isle of Man Gambling Supervision Commission has opened a public consultation on legislative changes that would expand enforcement powers beyond licensed gambling operators to include senior individuals within those businesses.

Under the proposed Gambling Legislation Amendment Bill 2025, the regulator would be able to impose civil financial penalties directly on directors, compliance officers, and other key personnel. Sanctions would apply where regulatory breaches occur with their consent, connivance, or negligence.

The proposal represents a structural change in how accountability is defined. Currently, enforcement action typically targets the licensed entity. The amendment would introduce what the Commission describes as a dual layer of accountability, allowing regulators to take action against both the operator and the individuals responsible for designing and implementing compliance systems.

The consultation period will remain open until May 25. During this time, stakeholders can review and comment on the draft framework before any legislative steps are finalized.

Focus on Anti Money Laundering and Financial Crime Risks

The proposed reform is linked to ongoing assessments of financial crime exposure in the jurisdiction. Since 2020, authorities have classified the Isle of Man’s overall exposure to money laundering and terrorist financing risks as medium high.

Within that broader assessment, the gambling sector has been identified as particularly vulnerable. Online gambling businesses often operate across multiple jurisdictions, handle significant transaction volumes, and in some cases process virtual currency payments. These characteristics can increase complexity in customer due diligence, source of funds verification, and transaction monitoring.

By extending potential sanctions to individuals, the regulator aims to reinforce responsibility at senior management level. The proposed framework specifically targets those who play a direct role in compliance oversight, including Money Laundering Reporting Officers and Compliance Officers.

Recent Enforcement Action Against Shelgeyr Limited

The consultation follows a recent enforcement case that highlighted deficiencies in anti money laundering controls.

Last month, the Commission fined Shelgeyr Limited 200,000 pounds after an inspection identified multiple compliance failures. According to the regulator, the operator did not meet required standards in customer due diligence, enhanced due diligence, and ongoing monitoring.

The inspection found that certain customer accounts remained active or were reopened without sufficient documentation. The company also failed to adequately verify the source of customer funds in some cases.

Further shortcomings included weaknesses in screening processes for politically exposed persons and gaps in record keeping that limited auditability. The regulator also identified inadequate risk assessments relating to geographical exposure and virtual currency related risks.

Governance issues were noted as well. The Commission stated that compliance staff, including the Money Laundering Reporting Officer and Compliance Officer, lacked sufficient expertise and authority. In addition, training programs had not been updated for more than a year.

While the fine was imposed on the operator itself, the newly proposed legislative changes would create a mechanism to pursue individuals in comparable cases if breaches were linked to their consent, connivance, or negligence.

Implications for Licensed Operators and Key Personnel

If adopted, the amendment would formalize personal accountability within the Isle of Man’s gambling regulatory framework. Directors and senior compliance staff would face potential civil penalties alongside corporate sanctions.

For operators licensed in the jurisdiction, this development places additional emphasis on internal governance structures. Clear reporting lines, documented risk assessments, up to date training, and demonstrable authority for compliance functions would become central factors in limiting personal exposure.

The proposal also signals closer scrutiny of how compliance systems are designed and maintained. Responsibility would not be limited to operational errors but could extend to structural weaknesses in oversight or inadequate resourcing of compliance roles.

For international gambling businesses using the Isle of Man as a licensing base, the consultation indicates a regulatory environment that is tightening its enforcement framework in response to identified financial crime risks.

Our Assessment

The Isle of Man Gambling Supervision Commission is considering a legislative change that would allow civil fines against senior gambling executives for anti money laundering failures linked to their consent, connivance, or negligence. The proposal follows a recent 200,000 pound fine against Shelgeyr Limited for compliance deficiencies and comes as the jurisdiction continues to classify its exposure to financial crime risks as medium high. If implemented, the amendment would extend enforcement beyond operators to include directors and compliance officers, establishing a dual layer of accountability within the gambling sector.

New York Assembly Passes Bill Requiring Monthly Betting Statements – Online Sportsbooks Would Need to Provide Automatic Wagering Summaries

Key Takeaways

Assembly Gives Final Approval to Monthly Statement Requirement

The New York Assembly has passed Assembly Bill A10329, a measure that would require licensed online sportsbooks in the state to provide customers with automatic monthly statements detailing their wagering activity. The bill received final approval in the Assembly on Tuesday, according to reporting by SBC Americas.

The legislation focuses specifically on customer reporting obligations. If implemented, online sportsbooks licensed in New York would need to issue regular statements outlining each customer’s betting activity over the course of a month. The text provided does not specify the exact format or delivery method of these statements, but the requirement centers on providing a structured overview of wagers placed.

For users of licensed sportsbooks, this would formalize a recurring reporting process tied directly to their accounts and betting history. The measure does not introduce new licensing conditions in the provided material, but it does create an additional compliance obligation for operators active in the state.

Unanimous Committee Support Before Floor Passage

Before receiving final approval in the Assembly, the bill was reviewed by the Assembly Racing and Wagering Committee. On March 11, the committee advanced Assembly Bill A10329 with a favorable report following an 11-0 vote.

The unanimous committee vote indicates that no members of the Assembly Racing and Wagering Committee voted against advancing the proposal at that stage. Committee approval marked a necessary procedural step before the bill moved forward to receive final consideration by the full Assembly.

The timeline outlined in the source material shows that the committee vote occurred roughly two weeks prior to the final approval by the Assembly. The reporting does not detail debate on the Assembly floor or whether amendments were made prior to passage.

Scope of the Requirement for Licensed Online Sportsbooks

The bill applies specifically to the state’s licensed online sportsbooks. These operators would be required to provide monthly statements to their customers outlining wagering activity. The source material does not describe exemptions, thresholds, or variations based on account size or betting volume.

The focus on licensed operators indicates that the requirement would form part of the regulatory framework governing legal online sports betting in New York. By mandating automatic monthly statements, the bill would standardize how betting activity is communicated to customers across all licensed platforms in the state.

For users who compare different sportsbooks, including those that offer crypto payment options in other jurisdictions, regulatory reporting requirements such as this one can influence how operators structure account dashboards, transaction histories, and compliance processes. In this case, the measure is limited to the obligation to provide a monthly summary of wagering activity.

Legislative Process and Next Steps

The available information confirms that the New York Assembly has given final approval to the bill. The text provided does not specify subsequent procedural steps, such as action in the State Senate or executive consideration.

Within the Assembly, however, the process described includes both committee review and a full vote. The Assembly Racing and Wagering Committee first advanced the bill unanimously, after which the full Assembly granted final approval.

No implementation date, enforcement mechanism, or penalty structure is detailed in the provided material. As a result, the precise timeline for when licensed online sportsbooks would need to begin issuing monthly statements is not specified in the source.

Our Assessment

Based on the available information, Assembly Bill A10329 introduces a clear reporting obligation for New York’s licensed online sportsbooks by requiring monthly statements of wagering activity for customers. The bill advanced unanimously in committee and has now received final approval in the Assembly. The measure centers on standardized customer reporting and would apply to operators holding a state license to offer online sports betting services. Further procedural steps beyond Assembly approval are not detailed in the provided material.

DV8 Signs Deal to Acquire Rakkar Digital – Public Company Moves Into Licensed Crypto Custody in Thailand

Key Takeaways

DV8 Enters Regulated Digital Asset Custody Through Rakkar Digital Acquisition

Publicly listed DV8, traded on the Stock Exchange of Thailand under the ticker SET: DV8, has signed a Share Purchase Agreement to acquire Rakkar Digital, a licensed digital asset custodian based in Thailand. The transaction represents DV8’s first direct move into regulated digital asset operations.

Rakkar Digital operates under a digital asset custody license in Thailand and currently holds more than $700 million in assets under custody. The company was established as a joint venture between SCBX, the parent company of Siam Commercial Bank, and Fireblocks, a global digital asset infrastructure provider. Early backing from SCB 10X contributed to the company’s development.

For DV8, the acquisition provides immediate access to a regulated operational framework. Custody services in digital assets require licensing, compliance procedures, security infrastructure, and ongoing engagement with regulators. By acquiring an existing licensed entity, DV8 gains an operational platform that already meets these regulatory and institutional standards.

Custody as Core Infrastructure for Institutional Digital Asset Activity

Digital asset custody is a foundational service for institutional participation in crypto markets. Unlike retail storage solutions, institutional custody requires structured governance, security controls, and regulatory oversight. Rakkar Digital’s existing license and operational structure position it as a regulated intermediary within Thailand’s digital asset ecosystem.

According to the information provided, DV8 views the acquisition as a strategic pivot toward building infrastructure that institutional investors can rely on across Asia. The company highlighted Rakkar Digital’s regulatory standing, operational framework, and established institutional trust as key factors behind the transaction.

For market participants evaluating crypto platforms, custody infrastructure plays a central role. Licensed custodians are responsible for safeguarding digital assets, managing private keys, and complying with national regulatory standards. In regulated markets, custody arrangements can influence how institutional capital enters and interacts with crypto services.

Part of a Broader Digital Asset Strategy

The Rakkar Digital deal follows DV8’s earlier investment in Bitplanet, a Korean digital asset treasury platform, in September 2025. Taken together, these moves show a consistent focus on regulated digital asset businesses in multiple Asian jurisdictions.

While DV8 was originally established as a media company, it is now repositioning itself as a builder of regulated digital asset infrastructure. The company’s recent actions indicate a shift from content operations toward financial and technological services linked to digital assets.

By targeting licensed and operational platforms rather than launching new entities from scratch, DV8 is entering markets with existing compliance structures in place. For users and institutional participants, this approach centers on operating within established regulatory frameworks rather than outside them.

Bitcoin Treasury Strategies Provide Broader Context

The announcement also comes against the backdrop of growing corporate interest in bitcoin as a reserve asset. Over the past five years, bitcoin has increasingly been adopted by traditional finance companies as part of treasury strategies.

Strategy, traded under the ticker MSTR, is cited as a prominent example. Under the leadership of Michael Saylor, the company shifted from a traditional software business model to one where bitcoin became its primary reserve asset. Strategy has used capital markets instruments such as equity and convertible debt to finance bitcoin purchases, aligning shareholder value with its bitcoin holdings.

This treasury model has influenced other corporations considering digital asset exposure. While DV8’s acquisition of Rakkar Digital focuses on custody infrastructure rather than direct bitcoin accumulation, both developments reflect the broader integration of digital assets into corporate strategy.

At the time of writing, bitcoin is trading slightly below $70,000 after briefly approaching $71,000 earlier in the day. Price levels remain relevant for companies pursuing treasury strategies or building infrastructure around digital asset markets.

Implications for Thailand’s Digital Asset Ecosystem

Thailand’s digital asset market includes licensed custodians and regulated service providers. By acquiring Rakkar Digital, DV8 enters this ecosystem with an established platform rather than applying for a new license.

Rakkar Digital’s connection to SCBX and Fireblocks links the company to both a major Thai financial group and an international digital asset infrastructure provider. These partnerships formed the basis of its development and operational framework.

For institutional participants in Southeast Asia, the presence of licensed custodians can affect how digital assets are stored and managed. Infrastructure providers that meet regulatory requirements may play a role in enabling broader participation from financial institutions and corporate entities.

Our Assessment

DV8’s agreement to acquire Rakkar Digital marks its first direct step into regulated digital asset custody and signals a structural shift from media operations toward digital asset infrastructure. The transaction gives DV8 access to a licensed custodian in Thailand with more than $700 million in assets under custody and established institutional partnerships. Combined with its earlier investment in Korea’s Bitplanet, the move places DV8 within multiple regulated digital asset markets in Asia while bitcoin trades near the $70,000 level.

bet365 Releases Online Casino Rankings in New Jersey and Pennsylvania – Report Highlights Game Performance in Licensed Markets

Key Takeaways

bet365 Publishes Gaming Insights and Performance Report

British operator bet365 has published its latest Gaming Insights and Performance report, providing an overview of how online casino titles are performing across licensed markets. The report includes specific rankings for online casino games in the U.S. states of New Jersey and Pennsylvania.

According to the information released, the report highlights key performance metrics for iGaming suppliers. These metrics focus on how gaming titles resonate with players in regulated environments. By presenting rankings and performance indicators, bet365 offers insight into which online casino products are gaining traction within its platform.

The publication of the report comes as bet365 continues to expand its footprint in the United States. The company operates as both a sports betting and online casino provider and is increasing its presence in regulated U.S. jurisdictions.

Focus on New Jersey and Pennsylvania Online Casino Markets

The latest edition of the Gaming Insights and Performance report places particular emphasis on New Jersey and Pennsylvania. Both states are licensed U.S. markets where online casino gaming is permitted.

Within these jurisdictions, bet365 provides rankings of online casino titles based on performance data gathered from its operations. The report identifies which games are resonating most strongly with players in each state.

For users who compare platforms and game portfolios, state level rankings can offer an indication of local player preferences. Differences in rankings between New Jersey and Pennsylvania may reflect varying player behavior across markets, although the report itself focuses on presenting performance data rather than analysis.

Performance Metrics for iGaming Suppliers

In addition to listing game rankings, the report highlights key performance metrics for iGaming suppliers active in licensed global markets. These metrics relate to how supplier titles perform within bet365’s online casino offering.

By structuring the report around supplier level data and title specific rankings, bet365 provides visibility into which content providers are generating engagement on its platform. This information may be relevant for industry stakeholders monitoring supplier performance in regulated environments.

The report format indicates that bet365 is using its operational data to produce structured insights. While the company is known as a European operator, the inclusion of U.S. state specific data reflects its growing involvement in the American online gambling sector.

Expansion of bet365 in the United States

The release of the Gaming Insights and Performance report coincides with bet365’s broader expansion strategy in the U.S. market. The company is positioning itself as both a sports betting and online casino operator within licensed states.

By publishing market specific rankings and supplier performance indicators, bet365 is signaling an increased focus on transparency around product performance. For comparison platform users, such reports can provide an additional data point when evaluating operators, game availability, and supplier presence across regulated jurisdictions.

The report does not introduce new regulatory measures or changes in licensing conditions. Instead, it concentrates on performance outcomes within existing licensed frameworks.

Relevance for International Comparison Platform Users

For international users who assess crypto betting platforms, sportsbooks, or online casinos, operator published performance data can serve as contextual information. While the report relates specifically to New Jersey and Pennsylvania, it illustrates how a major operator evaluates and ranks content within regulated markets.

Game rankings and supplier performance metrics can influence how operators adjust their portfolios. For users, understanding which titles are performing strongly in established markets may help identify broader content trends across platforms.

However, the report itself focuses strictly on presenting data derived from bet365’s operations. It does not announce new partnerships, product launches, or changes to payment options. Its primary function is to document performance and highlight which online casino games are resonating with players in the specified states.

Our Assessment

bet365 has released a Gaming Insights and Performance report that includes online casino game rankings in New Jersey and Pennsylvania, along with key performance metrics for iGaming suppliers in licensed markets. The publication reflects the company’s ongoing expansion in the United States and provides structured data on game performance within regulated jurisdictions. For users monitoring operator activity and market dynamics, the report offers factual insight into how titles are performing on bet365’s platform in two established U.S. online casino markets.

Remote Gambling Firms in Estonia Voluntarily Pay €1.4 Million After Tax Error – Government Seeks to Recover Lost 2026 Revenue

Key Takeaways

Legislative Error Temporarily Removed Remote Gambling Tax

In December 2025, amendments to Estonia’s Gambling Tax Act inadvertently excluded games of chance from the taxable base. As a result, remote gambling activities, including online casino games, were not taxed at the beginning of 2026.

Member of Parliament Aivar Kokk confirmed that games of chance and remote gambling were left out of this year’s taxation framework. This meant that, for January and February 2026, remote gambling operators were effectively not subject to the intended tax rules.

The omission was described as a legislative error. Estonia’s parliament moved to correct the issue through a technical amendment. The revised framework reinstated a 5.5% tax on remote gambling. According to the Riigikogu Finance Committee, the change took effect on March 1, 2026, aligning with existing monthly reporting practices.

For operators and users, this meant that remote gambling services continued to function during the period, but the tax treatment behind those services changed temporarily due to the legislative gap.

€1.4 Million Paid Voluntarily in February and March

Following the discovery of the error, remote gambling operators began making voluntary payments to the Ministry of Finance. These payments were intended to compensate for revenue the government would have collected if the Gambling Tax Act had applied as originally planned.

According to Finance Ministry spokesperson Siiri Suutre, operators paid approximately €815,000 in February. A further €595,000 had been recorded in March at the time of reporting. The March total is not final, and additional payments are expected.

In total, voluntary contributions have exceeded €1.4 million so far. The initiative was proposed by the Estonian Association of Gambling Operators. However, only a portion of the country’s 41 licensed remote gambling operators have participated.

Evelyn Liivamägi of the Finance Ministry stated that not all companies may ultimately follow through on their commitments. She noted that commitments do not always translate into actual payments, indicating that the final amount recovered through voluntary contributions remains uncertain.

Government Estimates €3.5 Million in Unpaid Tax for Early 2026

The Ministry of Finance estimates that tax liabilities for January and February 2026 would have totaled around €3.5 million. This figure is slightly below an earlier projection of €4 million.

Annual revenue from remote gambling had been forecast at up to €27 million. The temporary exclusion of remote gambling from taxation therefore created a short term revenue gap for the state.

Officials have stated that the final impact on state revenue will only be confirmed after annual tax returns are completed. This means that while voluntary payments have reduced the immediate shortfall, the definitive fiscal outcome will depend on full year reporting.

For operators, the reinstated 5.5% tax from March onward restores the original tax structure. For users of remote gambling services, including online casino platforms, the change primarily affects the regulatory and fiscal environment in which operators function rather than the immediate availability of services.

Participation Among Licensed Operators Remains Partial

Estonia currently has 41 licensed remote gambling operators. According to the information available, only some of these companies have taken part in the voluntary payment scheme.

The Estonian Association of Gambling Operators initiated the proposal for voluntary contributions. The Ministry of Finance has acknowledged the payments received but has also expressed caution about whether all pledged amounts will materialize.

This partial participation means that the total amount recovered may not match the estimated €3.5 million in unpaid tax for the first two months of the year. The difference between the voluntary payments and the estimated liability highlights the financial scale of the legislative oversight.

Our Assessment

The temporary removal of remote gambling from Estonia’s taxable base in early 2026 resulted from a legislative amendment error. Parliament has since reinstated a 5.5% tax effective March 1, 2026. Remote gambling operators have voluntarily paid more than €1.4 million to offset part of the estimated €3.5 million in unpaid tax for January and February. Not all licensed operators have participated, and the final fiscal impact will only be determined after annual tax returns are completed.

Pagcor Approves GLI as First iGaming Testing Laboratory in the Philippines – New Accreditation Required for B2B Suppliers

Key Takeaways

Pagcor Names GLI as First Independent iGaming Testing Laboratory

The Philippine Amusement and Gaming Corporation, known as Pagcor, has approved Gaming Laboratories International LLC as the first independent testing laboratory for iGaming in the Philippines. The decision formally authorizes GLI to test and certify interactive gaming systems operating in the country.

According to GLI, the accreditation allows the company to review iGaming platforms under a defined regulatory framework. The approval comes as Pagcor increases oversight of the country’s growing online gaming segment.

With this move, Pagcor introduces a structured testing requirement for technology providers that supply systems and services to licensed operators. GLI is the first laboratory to receive this designation under the updated framework.

New Accreditation Requirement for B2B Suppliers

Under the new rules set by Pagcor, all business to business suppliers involved in iGaming in the Philippines must obtain accreditation. This applies to companies that provide platforms, software, and related technical services to operators.

Pagcor Chairman and Chief Executive Alejandro Tengco stated that regulated gaming markets help ensure a safer and more sustainable industry. He added that Pagcor now requires all iGaming B2B suppliers operating in the Philippines to be accredited in order to comply with rigorous requirements designed to protect players.

For suppliers, this means that technical systems must undergo formal evaluation before they can be deployed or continue operating within the regulated environment. For operators and users, the framework introduces an additional compliance layer tied directly to system testing and certification.

GLI-19 Standard to Be Applied in Platform Testing

GLI confirmed that it will apply its GLI-19: Standards for Interactive Gaming Systems when assessing submissions in the Philippines. The company noted that this standard is already used in several jurisdictions.

GLI-19 covers requirements for interactive gaming systems, forming the technical basis for evaluating platform functionality and compliance. By applying this established standard, GLI aligns testing in the Philippines with a framework it uses elsewhere.

For B2B suppliers, this means that system architecture, security features, and operational processes will be reviewed according to the GLI-19 criteria before certification is granted. Accreditation therefore becomes directly linked to meeting documented technical benchmarks.

Statements From Pagcor and GLI Leadership

In commenting on the approval, Pagcor Chairman and CEO Alejandro Tengco emphasized the role of regulation in strengthening market integrity. He stated that regulated gaming markets ensure a safer and more sustainable gaming industry for all participants.

Tengco further underlined that the accreditation requirement is intended to ensure compliance with strict standards aimed at protecting iGaming players.

GLI President and CEO James Maida thanked Pagcor for what he described as the trust it continues to place in the company. The statement reflects an ongoing working relationship between the regulator and the testing laboratory.

What the Decision Means for Operators and Users

The approval of GLI as an independent testing laboratory establishes a defined compliance pathway for iGaming suppliers in the Philippines. Operators relying on third party platforms or system providers will need to ensure that those suppliers obtain the required accreditation.

For users of online gaming services, the introduction of mandatory testing and certification signals that system integrity and regulatory compliance are being formally reviewed under a standardized process. The requirement applies at the supplier level rather than directly to individual players, but it shapes the technical environment in which platforms operate.

As Pagcor tightens oversight of online gaming, the accreditation framework creates a structured process for evaluating interactive systems before they are offered within the regulated market.

Our Assessment

Pagcor’s approval of Gaming Laboratories International LLC as the first independent iGaming testing laboratory introduces a mandatory accreditation requirement for B2B suppliers in the Philippines. All suppliers must now comply with stricter regulatory and technical standards, with GLI applying its GLI-19 framework during evaluations. The measure formalizes system testing and certification as part of Pagcor’s oversight of the online gaming sector and links supplier accreditation directly to player protection requirements.

ENJOY Receives Italian Certification – ADM Approval Enables Regulated Supply to Local Operators

Key Takeaways

ADM Certification Grants Market Access in Italy

ENJOY has been officially certified to provide its iGaming content in Italy after receiving approval from the country’s regulator, Agenzia delle Dogane e dei Monopoli – ADM. The authorization allows the company to distribute its portfolio to licensed operators operating under the Italian regulatory framework.

With this certification, ENJOY can offer a range of products that includes slot titles, live casino games, and hybrid live experiences. These products can now be integrated into platforms that hold an Italian license, in line with local compliance requirements.

Italy is described as one of Europe’s most established and competitive regulated iGaming markets. For suppliers, entry into this jurisdiction requires formal approval from ADM. Certification confirms that a provider’s games and systems meet the standards set by the regulator.

Portfolio Covers Slots, Live Casino, and Hybrid Formats

ENJOY’s approved portfolio includes slot titles built around established game mechanics. Among the titles referenced are Bison Strike and Hotfire Diamonds XXL. In addition to its slot offering, the company provides live game show experiences such as Enchanted Forest and the upcoming Energy Roulette Hold & Win.

The live and hybrid products are produced at ENJOY’s studio facilities. These formats combine traditional live casino elements with interactive features, a segment that has gained relevance within regulated markets where differentiated content can support operator positioning.

For licensed operators in Italy, access to additional certified suppliers expands their available game libraries while remaining within the boundaries of local regulation. For users, the certification means that ENJOY’s titles can be offered through platforms that are subject to Italian oversight.

Expansion Strategy Focused on Regulated European Markets

The Italian approval forms part of ENJOY’s broader European expansion strategy. According to the company, the certification represents a milestone in its efforts to grow within regulated jurisdictions.

Italy’s regulatory structure is characterized by formal licensing requirements for operators and certification obligations for content suppliers. Entering such a market signals that a provider is aligning its distribution model with national compliance standards rather than operating in unregulated or gray-market environments.

ENJOY has indicated that the ADM approval will enable a series of partnerships with Italian operators. While specific operators were not named, the company confirmed that integrations are planned. These partnerships would facilitate the distribution of ENJOY’s games to Italian players through locally licensed platforms.

Christos Zoulianitis, Chief Commercial Officer at ENJOY, stated that gaining approval in Italy reflects both the quality of the company’s portfolio and its commitment to meeting regulatory standards. He also noted that the certification allows the company to proceed with operator agreements designed to introduce its content to the Italian market.

Implications for Operators and Platform Users

For operators holding an Italian license, the addition of a newly certified supplier can broaden content offerings without requiring separate regulatory processes beyond integration and compliance checks. Supplier certification by ADM is a prerequisite for legal distribution in the country.

For users comparing betting and casino platforms, regulatory approval at the supplier level is a relevant factor. When a game provider is certified in a jurisdiction such as Italy, its content can only be offered through licensed operators that adhere to national rules. This affects availability, permitted game types, and the technical standards under which games are delivered.

In competitive regulated markets, the number and diversity of certified suppliers can influence how platforms differentiate themselves. The entry of an additional provider adds to the pool of available slot and live content options within the Italian framework.

Our Assessment

ENJOY’s certification by Agenzia delle Dogane e dei Monopoli authorizes the company to supply its slot, live casino, and hybrid content to licensed operators in Italy. The approval marks a formal entry into one of Europe’s established regulated markets and enables the company to move forward with local operator partnerships. For operators and users in Italy, the development expands the range of certified content available under national regulatory oversight.