Vancouver, Canada, September 29, 2013 --(PR.com
)-- Counting House, a payment service provider that specializes in worldwide payment solutions for the eGaming community, announced today that Paul Davis, General Counsel for Counting House, will be speaking at The International Masters of Gaming Law Autumn Conference, to be held October 1 - 4, 2013 at the Grand Hotel in Oslo, Norway. The conference will bring together the world’s top gaming attorneys, regulators, compliance officers and gaming professionals for five days in October, for educational programs offered by world-class speakers and special networking events.
Davis will deliver his presentation, titled ‘Binary Options: Gambling or Trading?’ on Friday October 4th. The presentation will outline the issue surrounding classification of Binary Options and provide a review of the situation in some of the principal jurisdictions where serious consideration has been given to the issue. A panel discussion will follow the presentation, with confirmed panellists: Steve Brennan, CEO, Isle of Man Gambling Supervision Commission, Pini Peter, CEO, SpotOption and Tal Ron, Chairman, Tal Ron, Drihem and Co. The discussion will focus on the question of whether Binary Options should be considered financial instruments or gambling and if there are shades of grey within the distinction. As Davis asks in an article published in European Gaming Lawyer: “Is there value in the 'one size fits all' designation of binary options as either gambling or financial, or should there be consequences from the conclusion that some forms fit one definition while others are best viewed as gambling products? If so, who is to draw the line and who is to regulate?”
About Counting House:
Counting House facilitates inbound and outbound payments in local currencies through a robust network of worldwide banking facilities, eliminating the need for clients to establish complex international banking relationships of their own. Based in Canada, Counting House offers international credit card processing, cheque processing, direct debit and bank transfer collection, making it easier for gaming companies to offer familiar local currency payment options to players worldwide. It also offers the ability to pay international players by local currency cheque, original card credit or electronic funds transfer, enhancing player satisfaction and goodwill.