Insights Archive

April 8, 2024

Senate Opposition Kills Maryland Internet Gaming Bill For 2024

The Maryland General Assembly advanced a budget deal ahead of the last day of the session on Monday that included $340m in new taxes and fees but did not include any revenue from online gaming as the Senate opted to forego considering any gaming expansion.

April 8, 2024

Skill On Net Violates Denmark's Money Laundering Act

Casino operator Skill on Net Ltd has received three injunctions and two reprimands from the Danish Gambling Authority for breaches of the country’s Money Laundering Act.

April 8, 2024

Sweden Could Tighten Law To Tackle Illegal Gambling Ads

The Swedish government has said it is open to introducing new advertising rules after a local TV show’s review of casino influencers found that eight out of ten of them on streaming platform Twitch are promoting illegal gambling.

April 8, 2024

Former Payvision Execs Fined For AML Failures

The Dutch Public Prosecution Service has imposed fines of €150,000 and €180,000 on two former directors of payment service provider Payvision for failures in relation to anti-money laundering (AML) obligations.

April 8, 2024

Daily Dash: New Visa+ P2P Service Goes Live In The US

The Visa+ P2P service is now live in the US following a trial run last year, while Spain has introduced a bill that could lead to a new consumer protection authority.

April 8, 2024

HSBC Australia Settles Open Banking Case Following Faulty Data Complaint

HSBC Australia has agreed to pay A$33,000 ($21,600) in penalties to settle two alleged breaches of the country’s new open banking laws, on credit card statements and mortgage interest rate data.

April 8, 2024

Dutch Central Bank Slaps Kraken With €4m Fine For Failing To Register

The Dutch Central Bank has announced a multimillion euro penalty on Payward International Markets Limited (Payward International), which otherwise operates under the trade name Kraken.

April 5, 2024

News In Brief: April 1-April 5, 2024

VICI is fined in New Jersey, Bulgaria rejects a gambling ad ban, Chile's online bill moves to the Senate floor and Peru proposes tax increase.

April 5, 2024

Dominican Republic Publishes Resolution To License Online Gaming

After a concerted effort in recent years to clean up the industry, the Dominican Republic’s Ministry of Finance has published a resolution to regulate the licensing of online casinos and online gaming.

April 5, 2024

Italy Set To Enter New Era Of Online, Lottery Licensing

A new decree in Italy that will see online licence fees skyrocket ahead of an expected concession window at the end of this year, and which prepares the ground for the country’s €7bn lottery tender, has been approved.

April 5, 2024

World's First AML Information Sharing Platform For FIs Goes Live In Singapore

Singapore has launched a new information sharing platform for financial institutions (FIs), in an effort to transform the way that they handle money laundering and terrorist financing risks.

April 5, 2024

Laos, Brunei Join ASEAN Payments Alliance

The central banks of Laos and Brunei have joined the Regional Payment Connectivity Initiative, run by the Association of South East Asian Nations (ASEAN).

April 5, 2024

Daily Dash: Lithuania To Establish New Data Sharing Platform For Police, Financial Sector

Lithuanian law enforcement and financial institutions have signed an agreement to launch a new data and information sharing platform, while India is considering two new use cases for the UPI instant payments system.

April 5, 2024

Australian Online Regulator Probing Cyprus Payments Subsidiary

Australia’s federal online gambling regulator is probing a Cypriot-controlled Australian payments company with alleged links to illegal online gambling services.

April 5, 2024

Minnesota HHR Decision Adds New Wrinkle To Sports-Betting Talks

Ongoing sports-betting conversations in Minnesota had an extra layer of complexity added to the mix with a regulatory decision this week to permit racetracks to offer historical horseracing.

April 4, 2024

Mississippi Senate Keeps Mobile Betting Plan Alive

A Mississippi bill to legalize mobile sports betting remains alive heading into a key deadline next week as negotiations remain ongoing.

April 4, 2024

Aristocrat Believes NeoGames Merger Creates Global Supplier Business

Almost a year after NeoGames agreed to be acquired by Aristocrat Leisure for approximately $1.5bn, the Nevada Gaming Control Board granted initial approval of the merger on Wednesday, another step in finalizing a deal that creates a global online gaming and lottery supplier.

April 4, 2024

Chile's Senate Hears Arguments For Online Gambling

Chile’s march towards online gambling regulation continued on Tuesday as the Senate economy committee heard from gambling lawyer and expert Cristina Romero, Heidi Berner from the Ministry of Finance and the Undersecretary of Telecommunications (Subtel) as each fought their side over enforcement and taxation.

April 4, 2024

Finland Removes Betsson From Payment Blocklist

The Finnish National Police Board’s enforcement action against Betsson Group has been put on hold by an interim decision made by the Supreme Court while the company’s appeal is ongoing.

April 4, 2024

Global Crypto Industry Faces Reckoning After FTX Sentencing

Sam Bankman-Fried’s 25-year jail sentence marks a milestone in crypto history. While the high-profile fraud scandal struck a major blow against the industry’s reputation, the delivery of justice sends a signal that the “Wild West” days are over.

April 4, 2024

Anti-Fraud Framework Will Be Implemented This Year, Singapore Confirms

Singapore will finalise and implement a planned Shared Responsibility Framework to combat phishing scams by the end of the year, a minister has confirmed.