Pramila Jayapal (WA-07) and co-sponsored by U.S.
#Monopoly online free
The “Ending Platform Monopolies Act” eliminates the ability of dominant platforms to leverage their control over across multiple business lines to self-preference and disadvantage competitors in ways that undermine free and fair competition.
Hakeem Jeffries (NY-08) and co-sponsored by Ranking Member Buck. The “Platform Competition and Opportunity Act” prohibits acquisitions of competitive threats by dominant platforms, as well acquisitions that expand or entrench the market power of online platforms.The bill is sponsored by Chairman Cicilline and co-sponsored by U.S. The “American Innovation and Choice Online Act” to prohibit discriminatory conduct by dominant platforms, including a ban on self-preferencing and picking winners and losers online.“A Stronger Online Economy: Opportunity, Innovation, Choice” consists of five bipartisan bills drafted by lawmakers on the Antitrust Subcommittee, which last year completed a 16-month investigation into the state of competition in the digital marketplace and the unregulated power wielded by Amazon, Apple, Facebook, and Google. Doing nothing is not an option, we must act now.” This legislation breaks up Big Tech’s monopoly power to control what Americans see and say online, and fosters an online market that encourages innovation and provides American small businesses with a fair playing field. These companies have maintained monopoly power in the online marketplace by using a variety of anticompetitive behaviors to stifle competition. “Apple, Amazon, Facebook, and Google have prioritized power over innovation and harmed American businesses and consumers in the process. “Big Tech has abused its dominance in the marketplace to crush competitors, censor speech, and control how we see and understand the world,” said Rep. Our agenda will level the playing field and ensure the wealthiest, most powerful tech monopolies play by the same rules as the rest of us.” They are in a unique position to pick winners and losers, destroy small businesses, raise prices on consumers, and put folks out of work. “Right now, unregulated tech monopolies have too much power over our economy. Nothing is more important than ensuring every American has an opportunity to get ahead,” said Chairman Cicilline. “The American people sent us to Washington to get things done. Cicilline (RI-01) and Antitrust Subcommittee Ranking Member Ken Buck (CO-04), House lawmakers today announced their bipartisan legislative agenda to expand opportunities for consumers, workers, and small business owners by holding unregulated Big Tech monopolies accountable for anti-competitive conduct. This followed Kindred Group’s Unibet brand bringing the case to court, alleging that international operators were unable to meet Hungary’s conditions for online licensing.WASHINGTON – Led by Antitrust Subcommittee Chairman David N. The Court of Justice for the European Union (CJEU) ruled in 2017 that Hungary’s online gaming rules were unlawfully excluding European operators from the licencing process. The bill is subject to a standstill period following its notification to the European Commission, which runs until 4 May. “Therefore, the draft aims to liberalize remote gambling by emphasizing the protection of players and introducing guarantee regulatory elements that protect the interests of players.” Text within the legislation explains: “In a liberalised online betting market, several private companies are competing with each other, so there is a danger of encouraging excessive gambling instead of maximising the principle of responsible gaming. Recognising that a more competitive gaming market could encourage excessive gambling, the bill stipulates that a player protection plan be drawn up by the operator “in accordance with the principle of responsible gaming and the protection of players”. Operators are also obliged to provide a minimum guarantee of HUF250m, while the tax rate for operators is yet to be determined.Ĭhanges to the legislation are designed to ensure a higher standard of player protection. Licence fees will cost HUF600m (€1.7m/£1.4m), paid to the Hungarian State Treasury. The legislation also allows the use of credit cards for online deposits, provided it is linked with an authorised payment service provider.Īny operator looking to obtain a licence must also have share capital of at least HUF1bn (£2.4m/€2.8m). Any operators who have offered igaming in Europe without a licence during the ten years before their application will be prohibited from operating in Hungary.
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