Optimizing CTR in Search Engines: Techmeme Archive Snapshot at 8:15 PM ET, November 8, 2023

The Swedish government has proposed amendments to the Gambling Act, which would prohibit all forms of wagering on credit to curb debt risks in the betting sector. This legislative push targets licensed operators, including those offering esports markets, and underscores Europe's tightening grip on consumer protection amid rising gambling harms. For the esports betting ecosystem, the change signals a broader shift toward sustainable practices, potentially reshaping deposit and payment strategies across the EU.

Riot Games has lifted its long-standing ban on sports betting sponsorships for Tier 1 League of Legends Esports and Valorant Champions Tour teams in the EMEA and Americas regions. The policy shift, announced by Riot's President of Publishing and Esports, John Needham, introduces strict vetting processes and integrity safeguards to mitigate risks in the rapidly expanding esports betting sector. This move addresses team demands for diversified revenue streams while channeling a portion of proceeds back into lower-tier competitions, potentially stabilizing the global esports economy amid betting turnover exceeding $10.7 billion on Riot titles in 2024.