Finland’s National Police Board has received 50 gambling licence applications as operators position themselves for the country’s transition from a monopoly-based gambling system to a regulated commercial online gambling market. According to the regulator, there has been considerable interest from gambling companies ahead of the planned launch of the new licensing framework on July 1, 2027. Once the market opens, licensed commercial operators will be permitted to offer sport

A sharp increase in fuel prices pushed US inflation to its highest annual rate in three years in May, according to data released by the Labour Department on Wednesday, reinforcing expectations that the Federal Reserve may need to keep interest rates elevated for an extended period. Consumer prices rose 4.2% in May compared with the same month a year earlier, accelerating from 3.8% in April and marking the third consecutive monthly increase in annual inflation. On a month-to

Russian law enforcement agencies have carried out a major operation targeting a payment platform allegedly used to facilitate transactions for more than a dozen online casinos, resulting in multiple arrests and the seizure of significant amounts of cash and luxury assets. According to Russia’s Federal Security Service (FSB), the operation was conducted jointly with the country’s Investigative Committee and led to the detention of 24 individuals suspected of involvement in the

A significant overhaul of Cyprus trust legislation is being advanced through a bill submitted to Parliament by the Cyprus Bar Association, with the objective of modernizing one of the most important legal mechanisms used for asset management, business succession, wealth preservation and private estate planning. The proposal represents one of the most substantial reforms to trust law in recent years and is designed to update the existing legal framework while removing long-sta