Insights Archive

February 10, 2023

Dutch Regulator Cracks Down On Unlicensed Operators

The Netherlands Gambling Authority has fined two unlicensed gambling companies €900,000 each for letting Dutch residents play.

February 10, 2023

Colorado Seeks Greyhound Simulcast Wagering Ban, Fixed-Odds Betting No Replacement

A bill to end simulcast wagering on greyhound racing in Colorado is moving forward with bipartisan support in the state legislature but questions remain if fixed-odds wagering on horse races can replace the purse revenue generated by these wagers.

February 10, 2023

News In Brief: February 6-February 10, 2023

Brazil's parliament is pushing the country's financial authorities to investigate money spent with offshore gambling sites.

February 9, 2023

EU-Hired Consultancy Delivers PSD2 Recommendations

The revised Payment Services Directive (PSD2) has been a success and is still relevant to the market, but issues such as consistency and competition are holding it back, a new report suggests.

February 9, 2023

UK Lending Standards Board Beefs Up Reimbursement Code Targeting Prevention

The Lending Standards Board has made further updates to the Contingent Reimbursement Model Code in a new bid to clamp down on authorised push payment scams.

February 9, 2023

MGM CEO Says Company Has 'Moved On' From Entain Pursuit

MGM Resorts International’s top executive said the gaming company has, at least for now, “moved on” from its pursuit to acquire Entain.

February 9, 2023

Slots Gridlock Handcuffs German Licensees Against Black Market, Officials Say

A logjam in approving individual slots games is keeping German licensees from offering enough choice to fend off black-market competition, industry representatives have said.

February 9, 2023

New Jersey Regulator Urges National Adoption Of Responsible Gambling Standards

Online casino and sportsbook operators should apply New Jersey’s newly effective best practices in jurisdictions across the country to lead policy discussions on responsible gambling, according to the state’s chief gaming regulator.

February 9, 2023

UK Commission Boss Attempts To Calm Affordability Concerns

The UK’s top gambling regulator hopes for a future where there can be a “mature” conversation about player protection versus consumer freedom, but pointed to current and future enforcement cases as evidence that the industry still has problems to solve.

February 9, 2023

Berlin Court Penalises YouTube Influencer For Illegal Gambling

A Berlin district court has issued a penalty order of €480,000 against a well-known YouTube personality for streaming illegal gambling, according to the public prosecutor’s office, which requested the penalty.

February 9, 2023

Kindred Ready For £7.1m UK Fine

Kindred is preparing to pay £7.1m for a fine it expects to receive following reviews by the UK Gambling Commission, according to a statement in its Q4 2022 report.

February 8, 2023

Australian BNPL Openpay Collapses As Shares Frozen, Receivership Confirmed

Openpay, a Melbourne-based buy now, pay later (BNPL) firm, has become the first BNPL listed on the Australian stock exchange to collapse, after disabling new purchases on its app and entering receivership.

February 8, 2023

BoE, Treasury Open New UK Consultation On ’Digital Pound’ CBDC

The Bank of England and HM Treasury have launched a joint consultation on a “digital pound”, a retail central bank digital currency (CBDC) that would serve as a new form of money for households and businesses.

February 8, 2023

McGuinness Outlines Central Themes For PSD2 Overhaul

The EU’s financial services commissioner has added further detail to what Brussels is looking to possibly change in its overhaul of the revised Payment Services Directive (PSD2).

February 8, 2023

Australian Treasury Asks For Feedback On Proposed Crypto Regulations

Australia’s Treasury has published a new consultation that seeks feedback on proposals to regulate the crypto industry using existing financial service frameworks, and based on a division of tokens, token systems and their associated functions.

February 8, 2023

US Bill To Add 37 Percent Fee On Remittances To Select Countries

New legislation filed by Republican Congressman Nathaniel Moran would place a 37 percent transaction fee on remittance transfers that are sent to five specified countries.

February 8, 2023

US Appeal Court Revives CFPB Prepaid Card Rule

PayPal’s legal battle against the Consumer Financial Protection Bureau (CFPB) has taken a new turn after an appellate court rejected the fintech’s argument that led to the partial invalidation of the agency’s prepaid card rule.

February 8, 2023

Gambling Executives Say Industry Has Improved, Image Hasn't

Top corporate compliance officials say the gambling industry does not get enough credit for improvements in responsible gambling over the past five to ten years, but are hopeful they might be able to work better with the UK’s Gambling Commission.

February 8, 2023

Game Over' For Curaçao Master Licences

“The game is over” for Curaçao’s master licence holders and their unknown number of sub-licensees, according to the country’s finance minister, who has promised seismic reforms are only months away.

February 8, 2023

Peru Pushes To Amend Online Gambling Law Amid Turmoil

Peru’s launch of online gambling is up in the air due to political instability, but preparation continues apace as operators welcome draft legislation that would improve tax and other provisions enacted last year.

February 8, 2023

Vermont Begins Debate On Sports-Betting Legislation

Responsible gaming measures are the focus for Vermont legislators so far in debate on a sports-betting bill in the state’s House of Representatives, including the minimum age of bettors and marketing of “risk-free” bets.