Insights Archive

July 12, 2024

UK Officials Worried New Gambling Survey Will Stoke Backlash

UK gambling officials are worried that an upcoming release of new problem gambling prevalence statistics could “blow up the gambling industry” and potentially derail long-awaited white paper policy changes.

July 12, 2024

Daily Dash: New Mastercard Partnership Looks To Upgrade Cross-Border Healthcare Payments

Mastercard and the Medical Tourism Association have launched a new solution to streamline cross-border healthcare payments, while Sweden has issued new proposals to strengthen its financial regulator.

July 12, 2024

Greyhound Scandal Envelops NSW Regulator, Triggers Inquiry

Regulatory upheaval in Australia is continuing after accusations by the New South Wales (NSW) greyhound racing regulator's chief veterinarian of wide-ranging industry animal cruelty forced out the CEO and triggered an inquiry.

July 12, 2024

Massachusetts Considering Replicating Ohio Non-Gaming Marketing Rules

The Massachusetts Gaming Commission may look to follow Ohio in pursuing regulations that restrict gaming promotions associated with non-gaming transactions.

July 12, 2024

Cirsa Swoops To Acquire Peru's Apuesta Total

In the first major consolidation move tied to the opening of Peru’s regulated market, Spain’s Cirsa has acquired a majority stake in leading Peruvian sports betting and online gaming brand Apuesta Total.

July 11, 2024

Betway, SaharaBets Join U.S. Sports-Betting Market Exodus

Betway and Arizona's SaharaBets Sportsbook have decided to end their sports-betting operations in several states.

July 11, 2024

News In Brief: July 8-July 12, 2024

The Isle of Man’s Gambling Supervision Commission chief executive is stepping down after 17 years, the UK's new gambling minister is still not confirmed and former NBA player pleads guilty to betting scandal charges.

July 11, 2024

Brazil Attorney General's Office Fires Back At Rio Blocking Order

Rio de Janeiro's state lottery and the Brazilian attorney general's office are at loggerheads over last week's Federal Regional Court decision that ordered Brazil's telecoms regulator to block access to sports betting and online casino sites operating without a state licence.

July 11, 2024

Week In Crypto: German Government No Longer A 'Bitcoin Billionaire'

Bitcoin seized by the German government continues to spook the markets, a crypto executive pleads guilty to money laundering failures, and a former Crypto.com compliance officer is accused of extortion.

July 11, 2024

Regulatory Influencer: Brazilian Central Bank Announces New Open Finance Rules

On July 4, 2024, the Central Bank of Brazil (BCB) and the National Monetary Council (NMC) announced new open finance rules that will enable Pix by approximation. These regulations aim to simplify the payment initiation process, broaden the scope of participating institutions and establish a definitive open finance governance structure.

July 11, 2024

North Carolina Anti-CBDC Bill Will Pass Despite Veto, Say Lawmakers

The governor of North Carolina has defied state lawmakers by vetoing an anti-central bank digital currency (CBDC) bill that was passed with near-unanimous support in the House and Senate.

July 11, 2024

Lithuanian Authorities Impose Record €9.3m Fine On Crypto Operator

The Financial Crimes Investigation Service has fined Lithuanian-registered company Payeer more than €9.3m for violations of international sanctions and anti-money laundering regulations.

July 11, 2024

Global Virtual Asset Regulation Still Inadequate, Says FATF

The implementation of Financial Action Task Force (FATF) standards on virtual assets and virtual asset service providers falls way short of what is necessary, according to a new report from the watchdog.

July 11, 2024

Daily Dash: Mexico Tightens Rules On Information Exchange With Foreign Entities

Mexico has published new regulations on information exchange with foreign financial institutions, while India's central bank has welcomed another positive year for financial inclusion.

July 10, 2024

Iowa Regulators Fine Tipico $20,000, Assess Timeline For Potential 20th Casino

The Iowa Racing and Gaming Commission plans to hold a meeting on Friday to set a timeline for dealing with any applications for a new casino license, a process that has been on hold during the state’s two-year licensing moratorium that recently expired.

July 10, 2024

Gaming Industry Still Vulnerable, Appealing For Cyberattacks

Following a series of high-profile cyberattacks on gaming companies in the last 12 months, industry officials have said the combination of money and data possessed by operators continues to make them an attractive target for hackers.

July 10, 2024

Brazil's New Taxes Raise Questions With No Ready Answers

Brazil’s proposed "sin" tax on online betting and other forms of gambling is being met with confusion from within the industry.

July 10, 2024

UK Bans Another EA Ad For Not Adequately Disclosing Loot Boxes

The UK’s advertising watchdog has banned another Electronic Arts (EA) advert for failing to adequately disclose that its game contained the ability to purchase loot boxes.

July 10, 2024

Dutch And German Regulators Release DORA Compliance Guidelines And Checklist

Financial institutions in the Netherlands and Germany have access to new resources to help them prepare for the Digital Operational Resilience Act (DORA), which comes into effect on January 17, 2025.

July 10, 2024

Daily Dash: Canada Proposes Strengthened Regulations For Money Services Businesses

Canada’s federal government is looking to introduce criminal record checks for key personnel at domestic money service businesses, while BNP Paribas has been fined for "severe" AML failures in Luxembourg.

July 10, 2024

Casinos Top AUSTRAC's List For Laundering Risk In Gambling

Australia’s financial transactions regulator has issued a three-year forecast for money laundering vulnerability that rates the gambling sector overall as stable and medium risk.