Insights Archive

May 8, 2023

GeoComply Acquires Licensing Provider OneComply

Less than four months after GeoComply Solutions secured its second round venture funding, the company on Monday acquired OneComply, a firm that manages personal and corporate licensing obligations.

May 8, 2023

Strong First Quarter Boosts DraftKings Confidence In Marketing Strategies

DraftKings executives say the company's updated state launch playbook utilized in Ohio and Massachusetts has made a significant difference in reaching a larger portion of the population sooner than in other states.

May 5, 2023

News In Brief: May 1-May 5, 2023

Fine for a Dutch casino after self-excluded player allowed access nine times, a UK MP is under investigation over gambling industry links and Penn still positive on US igaming future.

May 5, 2023

Debate Over Gambling Policy Mostly Over, UK Regulator Says

As UK-licensed gambling operators and their associates scrutinise last week’s white paper, a Gambling Commission official warns not to expect public policy debates to be reopened.

May 5, 2023

India's Online Gaming Market Grew 35 Percent In 2022

India’s online gaming market grew 35 percent to 135bn rupees ($1.7bn) in 2022 and is expected to almost double to 231bn rupees ($2.8bn) by the end of 2025, according to an Ernst & Young (EY) report.

May 5, 2023

State Gaming Regulators Seek Federal Crackdown On Offshore Sites

A coalition of seven state gaming regulatory bodies has asked the U.S. Department of Justice to prioritize targeting illegal, offshore sportsbooks and online casinos, according to a letter released on Thursday.

May 5, 2023

Vermont Senate Approves Sports-Betting Bill

Vermont’s Senate has approved legislation for mobile sports betting, putting the Green Mountain State on the verge of being the second U.S. state to legalize sports wagering in 2023.

May 5, 2023

Daily Dash: UK Regulator To Pursue New Whistleblowing Legislation

The UK’s financial watchdog wants to work with the government to enhance the whistleblowing system and the country’s antitrust regulator goes after artificial intelligence. Meanwhile, El Salvador releases first data on its instant payments system.

May 5, 2023

Week In Crypto: Coinbase Hit By ’Unjust Enrichment’ Lawsuit Following $2.9bn Stock Sale

A Coinbase shareholder takes the board and top executives to court, former Celsius CEO Alex Mashinsky invokes the “puffery” defence in his fraud case and the UK offers new incentives to registered crypto firms.

May 5, 2023

UK’s New Fraud Strategy Splits Experts On Effectiveness

Criminal crackdowns, new resources and new powers are among key proposals to tackle the UK’s fraud problem, but concerns remain that the government is not taking enough action.

May 5, 2023

US Bigtech Messed Up With EU Digital Markets Act

A new investigative report released by a top US senator reveals how US bigtech firms such as Amazon and Google influenced US policymakers to weaken the EU’s Digital Markets Act.

May 4, 2023

Louisiana Leading Crackdown On Human Trafficking In Casinos

Louisiana is set to pass legislation requiring formal anti-human trafficking training for casinos, with the proposal inspired by the state’s chief gaming regulator, as well as the priest who administered the last rites to Mother Teresa.

May 4, 2023

Amended Minnesota Sports-Betting Bill Partially Deals In Racetracks

Past bills to legalize sports betting in Minnesota involving the state’s two racetracks have been opposed by the state’s 11 powerful gaming tribes, but the industry’s top lobbyist is supporting a new amendment that would give racetracks a piece of the action but no access to licenses.

May 4, 2023

Ukraine Ministers Plan To Liquidate Gaming Commission

Ukraine’s government wants to disband the country’s gambling regulator and replace it with a digital system overseen by a single commissioner.

May 4, 2023

UK BNPL Proposals A ’Missed Opportunity’, Says Innovate Finance

A major UK fintech association has described the government’s proposed regulations for buy now, pay later (BNPL) products as a “missed opportunity to improve consumer outcomes”.

May 4, 2023

NCR Systems Restored Following Data Centre Ransomware Attack

US point of sale firm NCR has announced that its systems have been restored following a ransomware attack that knocked one of its most popular POS solutions offline.

May 4, 2023

PSR Cuts Fees For Small Firms As Card Giants Escape ’Special’ Fee, For Now

Smaller firms will no longer be required to pay regulatory fees under £100 as part of the UK Payment Systems Regulator’s (PSR) new fee structure, while Visa and Mastercard escape a broad "special fee" for regulatory reviews targeted at them.

May 3, 2023

U.S. Casino Operators Want A Bite Of The Big Apple

The competition between major U.S. gaming companies for the three downstate casino licenses in New York is set to be intense, as several operators unveil their plans for integrated resorts in a city whose residents may be focused more on high-end amenities than slot machines or table games.

May 3, 2023

UK White Paper Wants To Force Operators To Seek Consent For Cross-Selling

The newly-released UK gambling white paper recommends forcing operators to obtain consent to cross-sell players from sports betting to the profit centre of online casino.

May 3, 2023

India Asks Local Governments To Eliminate Offshore Gambling Ads

India’s government has requested that all state and union territory governments crack down on advertising for illegal online gambling products, in the latest iteration of its attempt to centralise regulatory influence.

May 3, 2023

Fed Takes Share Of Blame For SVB Collapse In Closely Watched Review

Described as a test of the Dodd-Frank Act, the US Federal Reserve’s independent review of the collapse of Silicon Valley Bank (SVB) has found both managerial and supervisory failures were responsible.