Examples include one customer who was allowed to deposit more than £14, over two months with insufficient source of funds checks taking place, while another customer provided a bank statement showing a balance of £, said to be winnings from other betting accounts.

In the second case, Vivaro failed to sufficiently consider the risks associated with recycled winnings, the Gambling Commission said. With regards to consumer protection and responsible gambling, failures included a customer being allowed to deposit and lose £4, over a period of four days.

In another identified shortcoming, Vivaro did not sufficiently consider the risks associated with funds that one customer had used to gamble that had originated from cryptocurrency. VBET is the B2C sports betting and iGaming arm of industry supplier BetConstruct.

Share Subscribe Now Similar posts. Become a sponsor Subscribe. Regulation Share. By Conor Mulheir - 17 Jan, More about the author. The Gambling Commission has imposed a £, regulatory settlement on VBET operating company Vivaro Limited in response to a series of failings by the firm.

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