Insights Archive

November 1, 2024

MGM, Caesars Laud Digital Business Growth

Despite stagnant expansion of online casino gambling to new U.S. markets, casino giants Caesars Entertainment and MGM Resorts International believe the substantial investments they have made in their digital businesses are adding to the bottom line.

November 1, 2024

Massachusetts Regulator Hit With Lawsuit Over Delays In Player Data Collection

A new lawsuit claims the Massachusetts Gaming Commission has been withholding behavioral data for research into problem gambling.

November 1, 2024

Gibraltar Stalemate Continues With No Border Deal In Sight

The online gambling hub of Gibraltar is approaching five years past Brexit without a full agreement that would allow a vital daily flow of workers across the border from Spain, leading many to wonder if the outcome will be no deal.

November 1, 2024

ECB Calls For Expressions Of Interest In Digital Euro Innovation Partnerships

As momentum builds around the potential launch of a digital euro, the European Central Bank (ECB) is seeking expertise from across the eurozone to collaborate on shaping the future of digital currency.

November 1, 2024

Week In Crypto: Tether Under US Criminal Investigation, Says WSJ

An article by the Wall Street Journal (WSJ) has claimed that Tether is under criminal investigation for potential violations of US anti-money laundering rules.

November 1, 2024

Competition Is Increasing Risk Of Financial Crime in Lithuania's Payments Sector

A new Lithuanian government report has identified payments and e-money institutions and virtual asset service providers as the business sectors facing the highest risk of money laundering and terrorist financing.

November 1, 2024

Daily Dash: European Payments Council Releases Verification Of Payee API Specifications

The European Payments Council has published the Verification of Payee (VoP) API Specifications, establishing the guidelines for implementing VoP-related APIs, while MoneyGram has appointed a new CEO only weeks after being hit by hackers.

November 1, 2024

Isle Of Man Sends Executive To Manila To Hunt POGOs

The Isle of Man government has sent an executive agency CEO to the Philippines to identify soon-to-be deregistered online gambling operators interested in relocating to the Isle of Man.

October 31, 2024

Online Betting Back In Brazil Senate Spotlight

Brazil’s Senate could still approve a sweeping expansion of land-based gaming this year, even as senators form a special commission to review additional restrictions for online gambling, according to a key lawmaker.

October 31, 2024

U.S. Government Renews Focus On Gaming AML Compliance

Recent anti-money laundering (AML) actions targeting casinos and cardrooms by federal law enforcement and state gaming regulators are unprecedented in their number at least for the last decade, with significant fines and non-prosecution agreements suggesting increased industry scrutiny.

October 31, 2024

American Gaming Association Targeting Sweepstakes, Skill-Game Machines

The significant growth of unregulated sweepstakes casino games and skill-game machines has become a central issue for the leading trade body that represents the regulated U.S. gaming industry, according to an American Gaming Association executive.

October 31, 2024

UK Industry Bolstered After Avoiding Remote Gambling Tax Hike

UK gambling businesses received a massive boost after the government announced it would not be hiking remote gambling taxes for the time being.

October 31, 2024

Brazil's Pix: Mandate For Recurring Payments Feature Goes Live

Financial institutions that participate in Brazil’s Pix instant payment system must now offer their customers the ability to set up recurring payments, using a feature known as Pix Agendado.

October 31, 2024

Payments Modernisation Key Pillar Of US Financial Inclusion Strategy

The US Department of the Treasury has unveiled its National Strategy for Financial Inclusion, aiming to bolster nationwide access to financial services, including through payments that better serve underserved communities.

October 31, 2024

Embedded Compliance Is Possible In Cross-Border Payments, Says BIS

The Bank for International Settlements (BIS) Innovation Hub has wrapped up its study of Project Mandala, a “compliance by design” system for cross-border transactions, with hopes that the technology can proceed to a production environment.

October 31, 2024

FATF's New Financial Inclusion Push Aims For Increased Flexibility

The Financial Action Task Force (FATF) has announced a public consultation on proposed revisions to its anti-money laundering and counter-terrorism financing (AML/CTF) standards, with an emphasis on promoting financial inclusion.

October 31, 2024

Daily Dash: Singapore Establishes New Network For Fintech Growth

The Monetary Authority of Singapore has announced the formation of the Global Finance & Technology Network, which aims to spur fintech growth and innovation, while Online Payment Platform Ltd has been granted an electronic money institution licence in the UK.

October 31, 2024

Regulatory Influencer: The US Personal Financial Data Rights Rule

On October 22, 2024, the US Consumer Financial Protection Bureau (CFPB) finalised its framework for open banking, known as the Personal Financial Data Rights rule, with firms coming into scope from 2026. It ensures that consumers will be able to access and share data associated with bank accounts, credit cards, mobile wallets, payment apps and other financial products, and aims to address market concentration that limits consumer choice over financial products and services.

October 30, 2024

U.S. Agency Taking On Election Cop Role Over Bets On Presidential Race

As the Commodity Futures Trading Commission appeals a U.S. federal court’s latest decision rejecting its attempt to prohibit online platforms from offering event contracts involving elections, the agency’s chairman insists officials will not shirk their regulatory responsibilities.

October 30, 2024

France Announces Consultation For Online Casinos

The French Budget minister said on Monday that a consultation process for online gaming will begin as “early as next week”.

October 30, 2024

News In Brief: October 28-November 1, 2024

A second supplier has been approved by authorities in the UAE and the Massachusetts legislature sets aside online lottery funding.