Insights Archive

February 14, 2023

Beware The Kraken: SEC Forces Kraken To End Crypto Staking

The crypto exchange has agreed to pay $30m and end its crypto staking programme to settle an investigation by the US Securities and Exchange Commission (SEC).

February 14, 2023

Flutter Considers Additional US Listing, With Chance Of Full Move

Flutter Entertainment has said it will consult shareholders on a plan to additionally list its shares on US exchanges, with a possibility of later making a US exchange its primary listing.

February 14, 2023

Kyrgyzstan Proposes Years In Prison For Illegal Gambling

Kyrgyzstan’s Ministry of Internal Affairs wants to introduce strict punishments for people organising illegal gambling in the country.

February 14, 2023

Ukrainian Regulator Empowered To Sanction Russia-Backed Firms

Ukraine’s gambling regulator has been granted additional powers to punish companies with links to Russia.

February 14, 2023

Fixed-Odds Wagering Struggling For Widespread U.S. Adoption

Fixed-odds betting on horseracing is a natural evolution of the U.S. gaming industry but something that has been lost in all the attention sports betting and internet gaming has received over the last five years, according to a betting company executive.

February 14, 2023

U.S. Betting Operators Facing Legislative Pushback Over Advertising

The recent introduction of federal legislation to ban sports-betting advertising underscores a wider 2023 trend of U.S. lawmakers putting the industry on the defensive against proposed marketing restrictions.

February 13, 2023

EU Parliamentarians Back EU-Wide Digital Wallet

The new digital identity framework would provide EU citizens with digital access to key services across borders in the trading bloc.

February 13, 2023

India Flags Dedicated Law For Online Gaming

India’s information technology minister has confirmed the government’s commitment to passing an online gaming law, which would pave the way for formal national regulation with state government assent.

February 13, 2023

California Referendum Re-Run Not Expected In 2024

California tribal leaders are not anticipating a further referendum on sports betting in 2024 after last November’s crushing defeat of a sportsbook-backed ballot initiative and amid a lack of full alignment among tribes on mobile wagering.

February 13, 2023

Two U.S. States Differ On Gambling But Governors Find Common Ground

Utah and New Jersey are like night and day when it comes to casinos and sports betting, but the governors of both states were on the same page in advocating responsible gaming during the annual winter meeting of the National Governors Association in Washington, D.C.

February 13, 2023

Flutter Expands African Presence With Morocco Deal

Flutter-owned Sisal has continued its expansion into Africa by inking a contract with Marocaine des Jeux et des Sports to provide sports betting in Morocco.

February 13, 2023

Chile Operators Argue Over Online Gambling Tax Rates

Negotiations about the shape of Chile’s online gambling bill continue behind the scenes of the congressional Economy Commission, with offshore operators and land-based casinos duking it out over tax rates and licence conditions.

February 10, 2023

APP’s Enough! UK Regulator Consults On Fraud Name And Shame Plans

The Payment Systems Regulator wants to see greater transparency on how financial firms are treating victims of authorised push payment scams.

February 10, 2023

Week In Crypto: Binance Suspends USD Withdrawals As Banking Partner Faces Lawsuit

Signature Bank, once the go-to bank of the crypto industry, finds itself in the spotlight again as it distances itself from Binance, while new allegations emerge of its collusion with FTX.

February 10, 2023

US Government Report Says In-App Payments Are Uncompetitive

Apple and Google rules for in-app purchases are under the spotlight in the US after the Department of Commerce said the current model is harmful to consumers and developers.

February 10, 2023

ECB Study Finds Cash Still King, As Switzerland To Vote On Keeping Cash Forever

A recent study by the European Central Bank (ECB) has found that cash is still the eurozone’s most common payment method, while Swiss voters have secured a referendum on keeping cash.

February 10, 2023

Merchants Ask US Congress To Oust UnionPay From EMVCo, PCI

Ahead of the US congressional hearing on China, merchants ask lawmakers to boot China’s UnionPay out of global standard-setting bodies and pass the Credit Card Competition Act to close “a glaring security gap” in credit card processing.

February 10, 2023

Daily Dash: New Data Exposes Extent Of US Romance Scams

The US Federal Trade Commission has issued new information regarding romance scams, while the Bank of Lithuania has sanctioned an e-money firm for money laundering failures.

February 10, 2023

Super Bowl In Sports-Betting State For First Time; Las Vegas In 2024

Less than five years after the U.S. Supreme Court ruled all states can legalize sports betting, the country’s premier sporting event — the Super Bowl — will be played on Sunday in a state offering lawful sports wagering for the first time.

February 10, 2023

Professional Athletes Want Protections Added To Missouri Sports-Betting Bills

After several incidents where gamblers have directed their frustrations at athletes online after losing bets, the players’ associations from the five major U.S. sports leagues are asking state lawmakers for protections to be included in sports-betting bills or in standalone measures.

February 10, 2023

As Sports-Betting Ads Proliferate, U.S. Congressman Seeks Federal Ban

Describing the U.S. sports-betting industry as predatory by so aggressively advertising its products, a New York congressman introduced a bill on Thursday to ban all ads for sports wagering.