Insights Archive

November 29, 2024

Argentina Advertising Ban Bill Advances To Senate

Argentina’s Chamber of Deputies has passed a bill aimed at preventing gambling addiction and restricting youth access to online betting, including banning nearly all advertising.

November 29, 2024

Daily Dash: Elon Musk Calls For Abolition Of CFPB

Tech billionaire Elon Musk, who is set to play a key role in the incoming Trump administration, has called for the Consumer Financial Protection Bureau (CFPB) to be scrapped.

November 29, 2024

Week In Crypto: Tornado Cash Sanctions Overturned By Appeals Court

A US Court of Appeals has ruled that the smart contracts behind Tornado Cash, a "notorious" cryptocurrency mixing service, cannot be sanctioned because they are "not capable of being owned".

November 29, 2024

News In Brief: November 25-November 29, 2024

UK Gambling Commission chairman is stepping down from the role and Kick streaming platform is strengthening protections around gambling-related streams.

November 29, 2024

Japan To Prosecute Up To 130 Online Gamblers, Crypto Implicated

Japanese police have launched a nationwide wave of prosecutions against users of offshore gambling websites from home or on mobile devices, dramatically escalating the government’s crackdown against the nation’s illegal gambling ecosystem.

November 29, 2024

Ukraine's Parliament Committee Approves Draft Bill To Close Regulator, Ban Advertising

A Ukrainian parliament committee has adopted an amended bill, 9256-D, which proposes to shut down Ukraine’s gambling industry regulator, the Commission for the Regulation of Gambling and Lotteries (KRAIL), and replace it with a new authority next year.

November 28, 2024

NCLGS Targets Sweepstakes With Model iGaming Legislation

The National Council of Legislators from Gaming States (NCLGS) has released its draft of its Model Internet Gaming Act and is recommending that state legislatures include a ban on online sweepstakes games in any legislation.

November 28, 2024

UK Prime Minister Says Promised Gambling Regulatory Reform Has Been Delivered

UK Prime Minister Keir Starmer and other industry stakeholders, from affiliates to health experts, have praised his government's plans to generate £100m to prevent and tackle gambling harm, as GambleAware calls for the quick appointment of a prevention commission.

November 28, 2024

Daily Dash: HSBC Fined In Isle Of Man For Violating AML Restraining Order

HSBC has been hit with a £300,000 fine in the Isle of Man for continuing to process payments for a customer whose accounts were under a restraining order.

November 28, 2024

MiCA ESG Disclosures Set To Bring 'Substantial Change' To EU CASPs

Experts believe the way crypto-asset service providers (CASPs) in Europe operate will change significantly with the introduction of new environmental, social and governance (ESG) disclosures.

November 27, 2024

Wyoming Regulators To Involuntarily Exclude Bettors Who Harass Athletes

The Wyoming Gaming Commission has begun the process to amend its regulations to put any gambler found to have harassed a college athlete onto the state’s involuntary exclusion list.

November 27, 2024

Mexican Deputy Says Gambling Reform Bill Is 'Weeks Away'

A key congressional ally of President Claudia Sheinbaum has said the new administration will soon submit a bill to reform Mexico's law that governs gambling, which has not been changed since 1947.

November 27, 2024

Rwanda's New Gambling Policy To Introduce 'Robust' Regulatory Regime

Rwanda’s government has published a new gambling policy with three key pillars: minimise the negative impacts of gambling; maximise the economic benefits; and introduce a robust regulatory and compliance regime.

November 27, 2024

'Incompetent, Dishonest, Opaque' — UK Lawmakers Call For Reform Of FCA

UK lawmakers have lambasted the Financial Conduct Authority (FCA) in a cross-party report that calls for the agency to be reformed, if not abolished.

November 27, 2024

Daily Dash: HSBC Shuts Down Retail Payments To Russia, Belarus

HSBC has announced that it has stopped processing payments to or from Russia and Belarus for all personal banking customers.

November 27, 2024

‘We Need Not Rush To Regulate AI’, Says Fed Governor Bowman

A member of the US Federal Reserve Board has argued in favour of a wait-and-see approach to regulating artificial intelligence (AI), given the dangers of imposing rules on the technology too early in its development.

November 27, 2024

UK's 72-Hour Payment Delay Rules Disappoint Industry

Payment firms fear the unintended consequences of the government-approved delays to payments, which are aimed at giving banks time to investigate potentially fraudulent transactions.

November 27, 2024

UK To Impose Mandatory Gambling Levy Of Up To 1.1 Percent

The UK government has announced plans to impose a levy of up to 1.1 percent on gross gambling yield to generate £100m to “guarantee increased, ringfenced and consistent funding to prevent and tackle gambling harm”, and confirmed earlier plans for online slots stake limits.

November 27, 2024

Brazil Taking Final Steps In Transition To Regulated Market

Brazil’s gambling regulator has confirmed that licensed operators will be able to migrate current players to their Brazilian platforms as a new regulatory regime kicks in on January 1.

November 26, 2024

France Fines Operators For Return To Player Rates

France’s National Gaming Authority has issued eight fines and one warning to operators for exceeding the return to player rate for online sports betting in the year 2022.

November 26, 2024

U.S. iGaming Advocates Prepare For Uphill Battle In 2025

Despite the rapid expansion of sports betting, supporters of legalizing internet gaming have had little success opening new states as concerns over problem gambling and the cannibalization of land-based casinos have deterred all but a few legislative efforts.