The Malta Gaming Authority (MGA) has refuted any association with kaiyin.io. In a statement released on November 7, 2023, the Maltese regulator dismissed any claims linking it to the online betting site.
The MGA’s statement suggests that kaiyun.io may have insinuated that the MGA was affiliated with the gambling platform and had granted it a gambling license. Kaiyun.io, also known as Kaiyun Sports, offers betting markets for various sports.
The MGA emphasized that any references to the MGA made by kaiyun.io are “false and misleading.” This implies that kaiyun.io may have referenced the MGA in an attempt to convey to consumers that it is licensed and regulated by the MGA.
The regulatory authority cautioned players against using services provided by entities unless they are certain that the entity holds a valid MGA license. It conveyed that licensed operators are required to adhere to stringent regulations that safeguard consumers’ interests.
In a separate development, the MGA revoked the license of Arabmillionaire Limited for failing to respond to a previous notice of cancellation. The company later sought a freezing of its license following major restructuring efforts.
Furthermore, the MGA issued another notice of cancellation, this time to AMGO iGaming, citing three major breaches by the online casino company. AMGO iGaming has been given 20 days to respond to the notice and present its case for why its license should not be revoked.
In addition to these announcements, MGA CEO Carl Brincat revealed plans to step down from his role on January 15. He will spend a transitional period guiding his successor to ensure a smooth handover of responsibilities.
The MGA’s actions underscore its commitment to upholding regulatory standards and protecting consumers in the online gambling market.