Insights Archive

February 22, 2023

Australia's Online Regulator Punishes BetDeluxe Over Spam

Australia’s national online gambling regulator has fined corporate bookmaker BetDeluxe more than A$50,000 ($34,200) for spamming customers and ordered an operational review, the second such punishment since issuing a massive fine to Flutter subsidiary Sportsbet.

February 22, 2023

Swedish Regulator Will Not Issue Umbrella Supplier Licence

The Swedish Gambling Authority has said it will not issue umbrella licences or permits to online gaming suppliers, despite major concerns from industry stakeholders that this will be costly and time-consuming.

February 21, 2023

Greece To Use TIPS For Government Payments

The Bank of Greece has announced it will be the first central bank in the Eurosystem to join the TARGET Instant Payment Scheme (TIPS) as the beneficiary's bank for domestic and cross-border government payments.

February 21, 2023

UPDATE: Custodia Bank Sues Fed (Again) After Failed Master Account Application

Custodia Bank, a major digital asset bank based in Wyoming, has filed an amended complaint against the US Federal Reserve following the rejection of its master account application last month.

February 21, 2023

PayPal, Zip Back Australian BNPL Regulation

Large firms in the buy now, pay later (BNPL) arena support the Australian government's plans to regulate the growing sector, but could the collapse of provider Openpay affect final policy decisions?

February 21, 2023

Finnish Health Body Says Evidence For Licensing Lacking

The Finnish Institute for Health and Welfare (THL) has warned the government that any change to the current licensing system must be based on evidence, which it claims does not show an increase in problem gambling or gambling outside the monopoly.

February 21, 2023

Brazil Betting Scandal Adds To Urgency For Regulatory Regime

A high-profile football match-fixing scandal in Brazil’s second division is piling pressure on the new Lula government to now swiftly implement a licensing system for sports betting, more than four years after legislation was enacted.

February 21, 2023

Virginia Budget Proposal Reinstates Sports-Betting Promotional Tax Deductions

As the Virginia General Assembly gets set to close out this year’s regular legislative session on Saturday, the fate of restoring promotional tax credits for sports-betting operators will be left up to lawmakers negotiating the fate of this session’s budget proposal.

February 21, 2023

Bally's, Gamesys Partner Acquires Fourth Japan-Facing Gaming Website

A Bally’s Corp partner online gambling company has acquired Japan-facing website CasinoSecret, expanding its Japanese exposure to four brands, amid hardening government rhetoric against the industry.

February 21, 2023

UK Lawmaker Says Sports Sponsorship Ban Should Be Phased In

A Conservative member of the UK parliament has called for phasing out sports sponsorships instead of banning them, saying they are key to survival for second-tier professional sports.

February 20, 2023

PSP Leaders Confirmed For Digital Euro Rulebook Group

The European Central Bank has nominated members for the Rulebook Development Group for a digital euro, which features representatives from the payments and electronic money sectors.

February 20, 2023

Banks Call US Beneficial Ownership Rules ‘Fatally Flawed’

US banks have said the Treasury’s beneficial ownership rules do not facilitate combating illicit finance and should be withdrawn.

February 20, 2023

Pragmatic Play Bets Big On Venezuela

Pragmatic Play, one of the only international gambling companies to openly acknowledge it is pursuing online operations in Venezuela, has big hopes for the struggling country’s economic future.

February 20, 2023

Lack Of Swedish Umbrella Supplier Licence Will Be Costly, Warns Industry

The Swedish trade association for online gambling (BOS) has written a letter to the gambling regulator to express its concern about the lack of umbrella licences for suppliers just days before applications are set to be accepted.

February 17, 2023

Almost A Year Since LUNA Crash Landing, SEC Charges Terraform And CEO

A US regulator has filed charges against Terraform, the company behind the TerraUSD stablecoin and its former CEO Do Kwon, accusing them of orchestrating a $40bn securities fraud.

February 17, 2023

Week In Crypto: Stablecoin War Declared As New York Shuts Down Binance USD, While SEC Readies Lawsuit

The first shot in a regulatory crackdown on stablecoins may have been fired this week, after a New York regulator ordered Paxos to cease issuing BUSD and a federal regulator threatened that stablecoins could be securities.

February 17, 2023

Enforcement Action Galore And There Could Be More, Reveals TransUnion

The Consumer Financial Protection Bureau has three ongoing probes into credit reference agency TransUnion, as the company expresses concern about increased scrutiny from regulators.

February 17, 2023

Variable Recurring Payments And Fraud Take Centre-Stage In Key Open Banking Report

The Strategic Working Group has issued its final report on open banking in the UK, outlining short-, medium- and long-term priorities for open banking, and eventually open finance, to be a success.

February 17, 2023

UK Industry Groups Warn Of Customer 'Rejection' Of Affordability

The Betting and Gaming Council has said there is “widespread rejection” of affordability checks after the publishing of a consumer survey conducted by Racing TV.

February 17, 2023

Chile Regulator Slams TV Stations for Airing Online Gambling Ads

Chile’s casino authority has sent letters to four local TV stations demanding they withdraw online gambling advertisements from their programing.

February 17, 2023

Proxy Sports-Betting Costs Monarch Casino $400,000 In Colorado

The Colorado Limited Gaming Control Commission has approved one of the largest enforcement penalties in the almost five years since the federal ban on sports betting was overturned by the U.S. Supreme Court permitting legalization of wagering outside of Nevada.