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Raising the bar: Why FSB isn’t waving the white label flag to regulation

first_img Winning Post: Swedish regulator pushes back on ‘Storebror’ approach to deposit limits August 24, 2020 Related Articles Submit StumbleUpon Share UKGC hails ‘delivered efficiencies’ of its revamped licence maintenance service  August 20, 2020 UKGC launches fourth National Lottery licence competition August 28, 2020 Share FSB has implemented ‘state-of-the-art systems’ for customer protection to prevent future issues for its white label platform.Dave McDowell, FSB CEO, added that the recent crackdown on white label operators by the UK Gambling Commission (UKGC) shows that the regulator isn’t afraid to take “pretty severe measures” against companies who don’t raise their game when it comes to customer protection, anti-money laundering (AML) and responsible gambling.He was speaking at last month’s Betting on Sports, where he admitted that the UKGC review of FSB – and the termination of its relationship with 1xBet and temporary suspension of a second site – has somewhat soured a period of fantastic growth for a company that takes such pride in “compliance, integrity and a commitment to regulated markets”.“Unlike so many companies in the space, we’ve never worked in black markets,” explained McDowell. “We’ve always focused on the regulated markets. In this instance, we brought on a partner (1xBet), we didn’t do the proper due diligence on that partner and we’re paying the price for cutting corners in our due diligence process.”It has been a turbulent time for white label platform providers in the UK. Having been hit with a suspension of its B2C licences, EveryMatrix exited the market just a few weeks later after deciding that the impact of this ruling had left the business “irreparably damaged”.“It’s a sign of our times,” said McDowell. “The regulatory environment has changed in the UK very quickly over the last few years; we’ve seen the UKGC focus on the larger operators, then the FOBTs and now the focus is on white label operators. “There’s a very strong message that the Commission is trying to send to the industry which is as a white label operator, you have a responsibility to make sure that any third parties that you bring into the industry have been subjected to the proper due diligence. “That’s a lesson learned on our side, but at the same time we’ve made huge investments into both our AML processing and safe gaming processing. I believe we’ve actually got state-of-the-art systems now for customer protections.”Last month’s failings are likely to increase calls for more stringent rules over the white label structure allowed under the Gambling Act, with Labour Deputy Leader Tom Watson one of the biggest advocates for a wholesale review of the format. However, McDowell reserved praise for how FSB, and the industry as a whole, has reacted to the new regulatory environment. He continued: “Across the board, we’ve got an industry that 10 years ago was operating without much regulation at all.“The AML and Safe Gaming standards have risen rapidly and I believe that most companies have gone through a painful and expensive process of raising their standards or handing in their licence.”“We recently invented a piece of artificial intelligence (AI) that ranks customers on the most likely to have a problem with responsible gambling. This is part of a multi-metric system set up to identify customers in different ways, for example those who withdraw frequently or those who spend a lot of time on the site late at night. “Where we are now from 12 months ago is completely different. If companies don’t make the necessary transition, we’re seeing the UKGC isn’t afraid to take pretty severe measures.”last_img read more

Chad Johnson says he took Viagra before NFL games to get around PED rules

first_imgChad Johnson made an interesting reveal on Twitter Tuesday night.The former Bengals Pro Bowl receiver said he would take Viagra before games as a way to boost his performance.  After Marshall’s comments, the NFL said Viagra was not on the banned substance list. Around the same time, the World Anti-Doping Agency (WADA) was looking into whether Viagra was really beneficial. In its findings, WADA discovered that Sildenafil isn’t going to make a huge impact for athletes.”Sildenafil is unlikely to exert beneficial effects in oxygen delivery or exercise performance at altitudes < 4000 m for the vast majority of the endurance trained men or women," the report reads.Still, it's interesting to know that NFL athletes were willing to take on the potential side effects of taking Viagra simply to gain a potential edge. I took viagra before every game & people thought they’d stop me, if my stat line was bad i wasn’t covered, the pass was just incomplete 💭— Chad Johnson (@ochocinco) July 28, 2020MORE: Ranking the top 25 wide receivers in 2020When someone asked whether he was simply joking, Johnson responded, "No it wasn’t a joke, I really took viagra before games, the increase in blood flow made me unbelievable [sic] explosive in & out of my routes." There's some proof (the safe for work kind) to back up Johnson's claim. There's a moment when he's mic'd up and talking to a coach, saying he took the pill.The former NFL receiver has also discussed this a number of times on Twitter. He made the joke that he took Viagra so he would be "hard to cover." Johnson also admitted on Twitter that he did this as a way to get around drug testing.NFL tests for steroids, how you gone stop me running on 3 legs every Sunday, no hat 🧢 https://t.co/fZ1OIx6DQ9— Chad Johnson (@ochocinco) July 28, 2020Former receiver Brandon Marshall said he'd heard of other players taking Viagra as well. But he also explained why he's hesitant to use it."But some guys, they'll do whatever they can to get an edge," Marshall said in 2012. "I've heard of some crazy stories. I've heard (of) guys using like Viagra, seriously. Because the blood is supposedly thin, some crazy stuff. So, you know, it's kind of scary with some of these chemicals that are in some of these things, so you have to be careful."But now the real question is: Does this actually work?Johnson isn't alone in his thinking. Some men who train started to take Viagra, or pills similar to it, as a preworkout and claim it made a difference. Men's Health Magazine pointed out that there are a few studies to support it.From Men's Health Magazine:There's a small amount of research to support these claims. A few studies have suggested that taking sildenafil can benefit athletes competing at high altitudes, such as cyclists or long-distance runners, by delivering more oxygen to their muscles. Additionally, a 2013 study in the journal of Clinical and Translational Science suggested that sildenafil could increase muscle protein synthesis and reduce muscle fatigue, concluding that it may “represent a potential pharmacologic strategy to improve skeletal muscle function.”The active ingredient in Viagra, Sildenafil, is intended to increase blood flow by opening up the blood vessels. This allows blood to flow freely to the penis and other surrounding muscles.last_img read more