Insights Archive

December 20, 2022

Under A Cloud: US Warns Of Third-Party IT Concentration Risk

US regulators has warned that banks rely too heavily on a small number of cloud service providers in their new financial stability report, which also cautions against risks related to buy now, pay later (BNPL) and digital assets.

December 20, 2022

Controversial Belgian Ad Ban Given Green Light

Belgium’s Ministry of Justice has said the draft royal decree to severely restrict gambling ads has been finalised by the government.

December 20, 2022

Massachusetts Gives BetMGM Temporary OK For Mobile Sports Betting License

Massachusetts regulators approved a temporary retail license for the MGM Springfield property and ultimately found BetMGM suitable for a temporary online license on Monday (December 19), following a lengthy discussion and questions regarding the joint venture’s history of regulatory sanctions.

December 20, 2022

Nevada Considers Temporary Supplier Registration To Remain Competitive

When members of the Nevada legislature begin their 120-day session in early February 2023, among the bills they will consider is a proposal to change the way gaming manufacturers and system providers are licensed.

December 20, 2022

Uruguay's Chamber Of Deputies Pushes Online Gambling Bill To New Year

Uruguay’s online gambling bill, which was first introduced in November 2021, has been pushed back for discussion until March 2023.

December 19, 2022

ING Bank Pays Up A$53,280 For Alleged Breach Of CDR Rules In Australia

In only the second case of its kind, ING Bank has agreed to pay a penalty fee for an alleged breach of Australia’s open banking rules, known as the Consumer Data Right (CDR).

December 19, 2022

UK Financial Services Reform Huge Opportunity But Also Risk, Says New FCA Chair

Ashley Alder, the incoming chair of the Financial Conduct Authority (FCA), has said he sees the UK’s post-Brexit financial reforms as a great opportunity but warns against diverging significantly from EU rules.

December 19, 2022

PSR Sets Out First Thoughts On Cross-Border Interchange

As part of its market review on cross-border interchange fees, the Payment Systems Regulator (PSR) has published a new paper outlining what it sees as the potential impacts of these fees on UK businesses and consumers.

December 19, 2022

Missouri Senator Estimates VLTs Will Generate $250m In Tax Revenue

As Missouri gamblers continue to cross into Kansas to wager on sporting events, at least one veteran Republican state senator believes a deal can be reached on legalizing sports betting so long as video lottery terminals are part of any final bill.

December 19, 2022

Ohio Sports Betting Set To Launch, As iGaming Path Still To Be Determined

Despite the Ohio Casino Control Commission approving four additional sportsbook operators last week, not all licensees will be ready to launch next month, according to the state’s top gaming regulator.

December 19, 2022

Armenia Fee Changes Target Large Operators

Armenia’s parliament has overwhelmingly voted in favour of increasing the state duty fee for bookmakers, sweepstakes and online games.

December 16, 2022

EBA Raises The Alarm Over Retail Banking Fees

The EU’s banking watchdog has said that concerns about the level and lack of transparency in fees and charges applied to retail banking products are justified, as it publishes its first thematic review on the matter.

December 16, 2022

Week In Crypto: SBF Arrested In Bahamas, New FTX CEO Reveals Record-Keeping Black Hole

Former FTX CEO Sam Bankman-Fried is apprehended in the Bahamas, new CEO John Jay Ray sheds light on the company’s non-existent record-keeping and US lawmakers introduce a bipartisan crypto money laundering bill.

December 16, 2022

Americans Are Adequate, European Commission Says

The European Commission has concluded that US data protection rules are on par with the EU GDPR, paving the way for safe transatlantic data flows.

December 16, 2022

Daily Dash: Bank Of England Outlines Cash Preservation Plans

The Bank of England is looking for feedback on its plans to enhance retail cash access, while the US Consumer Financial Protection Bureau has proposed tougher rules for non-bank entities so that their misdemeanours are more transparent.

December 16, 2022

India Asks States To Replace 'Archaic' Gaming Law

India’s government has requested that all states and Union Territories repeal a 19th-century gambling law as part of a growing push to modernise and streamline gaming regulation.

December 16, 2022

Rio de Janeiro's Lottery Crawls Towards New Products

Expansion of state lotteries continues to make slow progress in Brazil, with the state of Rio de Janeiro’s lottery (LOTERJ) announcing that an internal commission will be formed to study new lottery products, including sports betting.

December 16, 2022

D.C. Councilmembers Remain Skeptical Of Lottery’s Sports Betting Product

District of Columbia lawmakers continued to express concerns about the city's much-maligned sports betting model at a hearing this week, while stakeholders lined up to defend the existing model against new legislation.

December 16, 2022

Colorado Limits Free Bets, Reworks Responsible Gaming, Punts On Cashless Wagering

Colorado gaming regulators have adopted rules to drastically reduce tax deductions for free bets over the next three years, while approving a redesigned self-exclusion program and new responsible gaming requirements for casinos and online sportsbook operators.

December 16, 2022

BetMGM Hit With Record Fine In Maryland

Less than a month after the debut of mobile sports betting, Maryland gaming regulators have approved the state’s largest ever fine through a $146,000 settlement with BetMGM over the acceptance of wagers prior to the market’s official launch.

December 16, 2022

Trade Group Bids For EU Standardised Markers Of Harm

The European Gaming and Betting Association (EGBA) has asked the European Committee for Standardisation (CEN) to create a standardised list of markers of harm in gambling.