Insights Archive

July 27, 2023

Whistle-To-Whistle Ad Ban, Loss Limits On French Agenda

The French gambling regulator has asked the government for permission to enforce a whistle-to-whistle ban and loss limits for young people.

July 27, 2023

Brazil's Sports-Betting Industry Set To Self-Regulate On Advertising

Operators have welcomed the self-regulatory approach to advertising that is written into Brazil's sports-betting provisional measure, although it leaves companies trying to establish a presence in Brazil with more questions than answers.

July 27, 2023

UK Launches Wave Of Pivotal White Paper Consultations

In a “key moment” for the UK gambling industry, the Gambling Commission and the Department for Culture, Media & Sport have both published their first set of highly-anticipated white paper consultations.

July 27, 2023

Australian Court Slaps $3.4m Fine On Online Poker Operation

In the first case of its kind, an Australian court has issued a A$5m ($3.4m) civil fine to a company in Queensland state that offered online poker services to Australian customers.

July 27, 2023

Tennessee Fines Caesars Entertainment $50,000 For Illegal Wagers

Tennessee’s sports wagering regulator approved a $50,000 fine against Caesars Entertainment Wednesday for taking more than 2,500 illegal wagers over a five-week stretch.

July 27, 2023

Amex Slapped With $15m US Fine

The Office of the Comptroller of the Currency has fined American Express $15m alleging the card network failed to oversee a third-party affiliate.

July 27, 2023

HSBC, TSB, Nationwide Castigated Over CMA Order Failures

The UK’s competition watchdog has hit out at three of the biggest high-street banks for "significant failures" in transaction history reporting for personal and business customers switching banks.

July 27, 2023

NatWest CEO Resigns Over Farage Account Closure, As New Regulations Approach

Dame Alison Rose, NatWest’s CEO of four years, has resigned from her position after admitting that she broke confidentiality rules following the closure of Nigel Farage’s Coutts bank account.

July 26, 2023

India's GST Council To Clarify 'Face Value' Tax For Online Gaming

India’s finance ministry has signalled a softening on its damaging goods and service tax (GST) on online gaming volume, with the GST Council to clarify if player account deposits or individual bets are to be taxed.

July 26, 2023

Legislation Plus Another Suspension Add To U.S. Sports-Betting Woes

As the U.S. sports-betting industry prepares for another bumper season of wagers on college and professional football, recent developments in Congress and the National Football League threaten to cast a pall on the industry’s future prosperity.

July 26, 2023

Brazil Finally Publishes Provisional Measure To Regulate Sports Betting

Brazil has published a long-awaited provisional measure to amend and implement a sports-betting law four and half years after the law was first signed, with the headline changes including a 18 percent tax on gross gaming revenue, an increase from an anticipated 16 percent.

July 26, 2023

Almost Impossible To Open Gambling Bank Account In Romania, Says Trade Group

It has become “almost impossible” for gambling companies to open a bank account in Romania, according to a trade group in the country.

July 26, 2023

Massachusetts Regulator Fines All Three Casinos For Unauthorized Wagering

The Massachusetts Gaming Commission has fined the state’s three casinos a total of $50,000 to settle complaints over allowing customers to place wagers on unauthorized sporting events.

July 26, 2023

Amazon Expands Palm-Reading Payments Tech To All Whole Foods Stores

Amazon has announced that its palm-reading payment system, Amazon One, will be rolled out to all Whole Foods Market stores in the US by the end of 2023.

July 26, 2023

Proposal To Reduce Interchange Fee Triggers Concern In Belgium

Belgium’s banking association has said it is "especially worried" about a proposed reduction in interchange fees, but there are suggestions that the government may just be bluffing ahead of an election.

July 25, 2023

Vermont Regulator Adopts Sports-Betting Regulations

Vermont regulators have approved sports-betting regulations that include demands for officials to review marketing plans, despite the protests of operators.

July 25, 2023

Swedish Payment Fine Appeal Warns Of 'Far Reaching Consequences'

Stockholm-based fintech company Zimpler claims an order against it to halt transactions to operators without a Swedish licence is “incorrect” and will have “far-reaching consequences” for the payments and gambling industries, as it appeals the decision.

July 25, 2023

U.S. Lotteries Remain Valuable State Assets In Digital World

The U.S. lottery industry’s importance to state finances, as well as retailers that sell millions of scratch-off tickets, has been underestimated by lawmakers captivated by the potential of other forms of gambling, say industry officials.

July 25, 2023

New Payments Architecture Could Be Pivotal To Digital Pound, Suggests Pay.UK

Pay.UK has said the New Payments Architecture should be the "point of contact" between commercial bank money and the digital pound in its response to a joint consultation on retail central bank digital currency.

July 25, 2023

Amex Closes Banking Operations In Mexico As Global Revenue Soars

After almost 30 years in operation, American Express has announced that it will retire its banking services in Mexico, but will continue to issue credit cards in the country.

July 25, 2023

Swedish Payment Firm Legal Appeal Warns Of Far Reaching Consequences

Stockholm-based fintech company Zimpler claims an order against it to halt transactions to gambling operators without a Swedish licence is "incorrect" and will have "far-reaching consequences" for the payments and gambling industries, as it appeals the decision.