Insights Archive

September 25, 2024

UK Panellists Claim Gambling Harm Underrated, Benefits Overrated

A panel assembled by a UK think tank at the Labour Party’s first conference since assuming power has examined the economics of gambling harm, with some panellists claiming that harm is underrated while economic benefit is overrated.

September 25, 2024

Light & Wonder Shares Slide After Aristocrat Injunction

Light & Wonder has reiterated its earnings guidance for the year despite a federal judge’s decision to grant rival Aristocrat a preliminary injunction halting sales of the company’s popular Dragon Train slot machine.

September 25, 2024

Entain Pushes Governments To Get Tough On Black Markets

Global gambling giant Entain is calling on the UK government and its international colleagues to adopt a range of enforcement measures to fight the black market.

September 25, 2024

Brazil's Transitional Ordinance May Be Unconstitutional

Brazil’s surprise ordinance last week to immediately ban companies that had not applied for a licence from operating during a transition period may be unconstitutional, according to at least one local lawyer.

September 25, 2024

Gambling Businesses Must Explore AI Or They Will Be Left Behind, Says Panel

A wide range of gambling businesses in an array of jurisdictions are already using AI tools and ones that do not explore and implement AI now will be left behind in the future, according to a panel of experts.

September 25, 2024

Private Sector Engagement And Strategic Autonomy Key Issues For Digital Euro

During the latest digital euro hearing, European Central Bank official Piero Cipollone answered questions on whether the regulator is best placed to take on the challenge of issuing a digital euro, while emphasising the need for strategic autonomy.

September 25, 2024

One In Four Teens In Australia Fall Victim To Social Media Scams, Report Finds

As Australia moves towards new cross-sector regulations to fight scammers, new research has found that teenagers are among the most likely victims of social media scams.

September 25, 2024

Daily Dash: US CFPB Wants To Save Its Time With New Remittance Proposal

The US Consumer Financial Protection Bureau (CFPB) has set out plans to amend the Remittance Transfer Rule, while Belgium’s regulator has highlighted a 50 percent rise in online investment fraud.

September 24, 2024

Federal Legislators Slammed Over 'Half-Baked' Sports-Betting Comments

New Jersey’s former top gaming regulator and a key Massachusetts legislator have pushed back on accusations by federal lawmakers that states' sports-betting regulatory regimes are “faint-hearted and half-baked.”

September 24, 2024

UK Payment Providers Finalise Preparations For Fraud Reimbursement Rules

The Payment System Regulator’s new authorised push payment (APP) fraud reimbursement rules take effect on October 7, 2024, with many banks and payments firms still unprepared and unhappy, despite the regulator’s concession on the reimbursement limit.

September 24, 2024

German Authorities Shut Down 47 Crypto Exchanges Used For Criminal Activity

In a major crypto crackdown, the Frankfurt Public Prosecutor’s Office and the Federal Criminal Police Office have shut down a total of 47 crypto exchange platforms that were being used for illicit financial activities.

September 24, 2024

Daily Dash: PSR Publishes Guidance For Civil Disputes And App Scams

The UK's Payment Systems Regulator (PSR) has issued final guidance to help firms differentiate between authorised push payment (APP) scams and private civil disputes, and its sister regulator, the Financial Conduct Authority, has revoked PayAfrique.com Limited’s licence after compliance failings.

September 23, 2024

UK Gambling Commission, Police Make Illegal Gambling Arrest

A man was arrested in the UK on September 20 on suspicion of providing unlicensed gambling; however, details about the case remain scarce.

September 23, 2024

Advocates Of Ontario Model Making Slow Progress In Quebec

When Ontario opened its online gambling market to private operators in 2022, many in the industry hoped that it would start a wave of regulated regimes across Canada. Two years later, Alberta has taken steps to follow suit, announcing in June that it would launch its own regulated online gambling market.

September 23, 2024

Daily Dash: Trustly's Ecospend Retains Key Open Banking Contract With HMRC

The UK’s most significant open banking contract has been re-awarded to Trustly’s Ecospend, while the Payment Systems Regulator publishes updated powers and procedures guidance, and Switzerland's financial regulator has confiscated $15m from a local bank for "serious" AML failures.

September 23, 2024

Hurry Up With National Payments Vision, Industry Leaders Urge UK Government

The National Payments Vision is necessary for renewal, payments industry insiders have said, as they called on the authorities to act now to provide greater clarity and reduce complexity.

September 23, 2024

Cross-Sector Collaboration The Answer To Payment Fraud Epidemic, Says ERPB

A landmark report by the Euro Retail Payments Board (ERPB) Working Group on Fraud Prevention warns of a growing epidemic in retail payment fraud, and advocates cross-sector collaboration and data sharing to protect consumers across Europe.

September 23, 2024

Digital Wallets Harm Consumers By Easing Pain Of Paying, UK Body Warns

The rapid rise of digital wallets, while offering convenience to millions, is posing significant risks to consumers, the UK’s Financial Services Consumer Panel has told the country’s Financial Conduct Authority.

September 23, 2024

Peru Approves 'Unconstitutional' Consumption Tax For Online Gambling

Peruvian gambling lawyers have sharply criticised a new legislative decree to apply a consumption tax on online gambling turnover, but only for licensed operators based outside the country.

September 23, 2024

MGM Announces Casino Licence Application For Abu Dhabi

MGM Resorts International president and CEO Bill Hornbuckle has announced that MGM has applied for a casino licence in the United Arab Emirates, confirming the emirate of Abu Dhabi is its target location for an integrated resort.

September 20, 2024

Younger, Freer-Spending Gamblers Most Likely to Use UK Black Market, Study Says

Younger and heavier gamblers in the UK are most likely to use black market online gambling sites, according to a new survey commissioned by the Betting and Gaming Council.