The popularity of betting on sports is growing not only in the United States but across Europe too. While more sports fans tap into wagering options on their favorite team, the participation of professional athletes in such activities raises concerns. This is precisely the case of Juventus’ rising star and midfielder, Nicolo Fagioli, who is reportedly under investigation. As announced by Italian media outlets, the famous soccer star is under scrutiny over his alleged participation in illegal betting.

Recently, illegal gambling platforms have been a growing concern across Italy. Manuela Pedrotta, a public prosecutor from the Turin Prosecutor’s Office, has been sounding the alarm about illegal betting for a while. In light of the alleged illegal betting, now, the Turin Prosecutor’s Office is trying to determine whether or not Fagioli engaged in illegal wagering.

According to Italian reports, investigators have been looking into illegal betting providers, cross-referencing nicknames and real names registered with such operators. During that process, reportedly, the name of the famous soccer player was matched, resulting in further scrutiny. Giuseppe Chine, a prosecutor for the Italian Football Federation, is currently overseeing the investigation against Fagioli. Details regarding the alleged illegal betting were first received by him back in August.

Tough Sanction May Be Imposed against the Soccer Player

Under the currently established regulation related to gambling, wagering by professional athletes is not prohibited as long as the platform used is legal and the athlete doesn’t place bets on the sport they participate in. The same rule applies to other sports staff, including managers and coaches.

Article 24 of the Code of Sports Justice prohibits: “the subjects of the federal system, the managers, the partners and the members of the companies belonging to the professional sector to place or accept bets, directly or indirectly, also from the subjects authorized to receive them, which have as their object results relating to official matches organized in the within the FIGC, FIFA and UEFA.”

However, wagering on illegal platforms under the current regulations is considered a crime. If the investigation uncovers that Fagioli indeed participated in wagering on illegal platforms, he may be subject to tough sanctions. Usually, such offenses are punished by fines, however, considering Fagioli’s rank of a professional soccer player, he may be subject to suspension from the sport. If the investigation finds Fagioli guilty of such breaches, he may be subject to a suspension of up to three years.

The post Juventus’ Star Nicolo Fagioli in Trouble over Alleged Illegal Betting appeared first on Keno Wizard.

Rollbit, an online operator that claims to be “crypto’s most innovative casino,” addressed its community’s concerns regarding its license status. The company vowed to continue maintaining transparency regarding the matter.

Rollbit noted that its license is currently in its annual renewal period. The company pointed out that this is a completely standard procedure for all Curaçao-based platforms.

The company added that it is maintaining active communication with its licensor about the renewal. Rollbit also told its users that it will provide more news as soon as possible. While regulatory affairs tend to be an internal process, the company promised to keep its fans updated.

Since Rollbit’s inception, we’ve undergone the same renewal process each year, which ensures that we maintain the standards expected of a licensed casino.

Rollbit statement

As promised, the company did share an update later, saying that its licensor had suggested some changes related to its NFT and crypto offering.

This Is Not an Anomaly

The company also addressed its NFT and Crypto Futures products. It noted that these have never been covered by its casino license. However, Rollbit reminded readers that this has always been the case and that this has always been noted in its site’s footer.

Despite that, the team has not received anything that would suggest that its business is problematic. Rollbit reassured fans that its diligent legal team is always working hard to ensure the legitimacy of its activities.

Rollbit furthermore added that this is not the first time concerns have been raised during a renewal period. The company said that the gaming and crypto industries can benefit a lot from constructive criticism. However, Rollbit advised users to do more research before voicing their concerns.

Rollbit also said that it has implemented minor UI changes based on its licensor’s recommendations. However, nothing else has changed, the company emphasized. It noted that its operations continue to run smoothly, “with fully covered balances and no issues with deposits or withdrawals.”

Rollbit concluded:

Our team continues to build. We can’t wait to share what we’ve been working on.

Rollbit statement

Rollbit’s statement comes in the wake of customer concerns that saw many traders sell the platform’s RLB token. This reactionary approach caused RLB trading prices to sharply decline.

According to data from CoinMarketCap and CoinGecko, a single RLB equals $0.015 USD as of the time of this writing.

The price of RLB tokens has been declining since mid-March when the tokens’ price fluctuated between 0.32 and 0.39.

The post Rollbit Assures Concerned Fans Its License Is Not in Trouble appeared first on Keno Wizard.