The Malta Gaming Authority (MGA) has issued an official statement to disassociate itself from Kaiyun.io, a gaming operator. The MGA emphasized that any claims of the MGA’s involvement and the issuance of gaming licenses to Kaiyun.io are false and misleading. The MGA’s primary objective is to maintain the integrity and competence of Malta’s gaming market, ensuring that businesses under its jurisdiction uphold fair and transparent gaming practices while preventing illegal activities and safeguarding vulnerable players.
Background on Kaiyun.io:
Kaiyun.io, also known as Kaiyun Sports, is an online entertainment platform that offers a wide range of services, including nearly 1,000 sports events daily, along with various games and live entertainment. However, based on the MGA’s recent statement, it is evident that Kaiyun.io has made unsupported claims regarding its association with the MGA.
MGA’s Regulatory Authority:
The MGA holds the authority to grant and revoke gaming licenses to operators and can take legal action against entities that violate gaming laws and regulations. Notable examples include the cancellation of gaming authorizations for AMGO iGaming Malta and Arabmillionaire due to missed license fee payments.
Consumer Protection:
The MGA is committed to protecting consumers’ interests. In their statement, they cautioned consumers to avoid utilizing services from unverified entities. The MGA’s gaming regulatory framework imposes strict legal requirements on authorized operators to ensure consumer protection. Engaging with unlicensed entities can pose risks to consumers, as these entities operate without the necessary safeguards outlined in the regulatory framework.
The MGA’s public statement serves as a warning about the false claims made by Kaiyun.io regarding its connection with the regulatory authority. The MGA’s core mission remains the preservation of Malta’s gaming market’s integrity and the protection of consumers. This notice underscores the importance of verifying an operator’s authorization by the MGA before engaging in any gaming-related services to ensure a secure and regulated gaming experience.