Genome Blog
Business services
A guide to online gambling in Cyprus: laws, payment methods, and industry trends
Online gambling in Cyprus with casino games like slots, roulette, and blackjack is an increasingly popular activity. The presence of regulatory frameworks is the key to understanding this industry, as it provides casino operators and sports betting bookmakers with the rules they need to operate legally in Cyprus. It gives players the confidence to play gambling games in Cyprus and expect to receive their winnings safely, too. When it comes to legal online gambling, Cyprus is one of the countries that issue a license to operators, although this mostly applies to sports betting rather than full-scale online casino games. However,
Business services
The role of eWallets in iGaming: fast, secure, and player-friendly payments
eWallets provide an increasingly popular way of making online payments, with eWallets for iGaming particularly important now. This is one of the most effective ways to make fast and secure iGaming payments to start playing casino games for real money. It is one of the leading payment methods for online gambling for several reasons we’ll be looking at. While it’s also possible to pay directly from a bank account or use alternative methods to make payments, such as credit and debit cards from Visa and Mastercard, eWallets offer seamless transactions with low fees, among other benefits. The advantages of using
Business services
A guide to online gambling in Malta: regulations, payments, and trends
Malta is a small European country that earned a considerable reputation as a hub for online gambling activities. It was the first EU member state to regulate online gaming products back in 2004 when the Maltese government effectively established the benchmark for licensing, fairness, and responsible gambling practices. However, the Maltese license is valuable for gaming companies not only because gambling has become legal in the state but also because of the favorable tax regime for such businesses. We are talking casino games, horse racing, and sports betting games – many online gambling platforms from the gaming industry are welcome
Business services
How open banking is reshaping online casino payments
Open banking is a relatively “young” technology, with its official implementation in the EU starting in January 2018. The innovation allows third-party providers to securely access bank account data and initiate payments using APIs with the user’s consent. Open banking payments are faster and more transparent because they bypass traditional payment networks. Open banking emerged in response to regulatory frameworks like the revised Payment Services Directive (PSD2) in Europe, which was introduced to increase competition, innovation, and security in the financial sector. PSD2 requires banks to open their payment services and customer data – securely and with user consent –
Business services
Raising capital for iGaming startups: a comprehensive guide
iGaming is part of the gaming industry that has undergone massive growth. It is still considered a high-risk industry, which means traditional venture capital investment is highly unlikely, but despite this, it’s an attractive area to invest in. Because not every investor will deal with an iGaming-related business, it is harder to raise capital to make a solid start. Besides its high-risk status, there are also some other nuances to consider. Find out how to secure funding to fuel rapid growth while avoiding key issues that could harm the company’s future. Why iGaming startups need a solid fundraising strategy The