Insights Archive

February 24, 2023

New York To Tighten Regulations For Sports-Betting Advertising

The New York State Gaming Commission is proposing to ban advertising on college campuses and require clearer disclosures for player bonuses as part of new rules to govern sports-betting advertising due to be taken up next week.

February 24, 2023

U.S. Legislative Flurry Sees One iGaming Bill Die, While Another Lives On

With key legislative deadlines approaching in several states, this week there has been a flurry of activity that includes new sports-betting bills, sports wagering and internet gaming bills advancing, and in one closely-watched state, online casino legislation dying for another year.

February 24, 2023

French Regulator Seeks Reduction In Spend From Problem Gamblers

The French gambling regulator has called on operators to prioritise reducing their share of gross gaming revenue generated by problem gamblers in 2023.

February 23, 2023

Visa, Mastercard Targeted In UK With New Multi-Billion Card Fee Claim

Harcus Parker, a UK-based commercial litigation law firm, is to launch a second class action lawsuit against Mastercard and Visa on behalf of merchants.

February 23, 2023

Nigeria Supreme Court Postpones Ruling On Cash Swap Until After Election

Nigeria’s Supreme Court has voted to postpone a key decision on the withdrawal of "old series" naira banknotes until after the country’s presidential election following criticism.

February 23, 2023

Libya Embarks On Payment Modernisation Journey With EU Backing

Libya is planning to launch a new instant payment system and open banking framework, supported by the EU and part of a wider effort to boost the digitalisation of financial services in the war-worn country.

February 23, 2023

U.S. Legislative, Legal Battles Continue Over Unregulated Gaming Machines

The dispute over whether supposedly skill-based games found in convenience stores throughout the U.S. should be made legal and taxed or simply legislated out of existence continues to play out as lawmakers in various states have been unable to resolve the issue through legislation.

February 23, 2023

Atlantic City College To Offer Esports Degree As States Seek To Lead Sector

A New Jersey college is poised to offer a Bachelor of Science degree in esports management, in the latest sign of the increasing importance of esports in key gaming states.

February 23, 2023

South Korean Lawmakers Advance Online Racing Reforms

After a lengthy delay, the South Korean legislature is heading toward legalising online betting for horseracing in response to pandemic impacts on industry revenue.

February 23, 2023

No Head Of Gambling Policy As Premier League Looks Set To Vote On Sponsorships

The UK's Department for Digital, Culture, Media & Sport has said there is currently no minister appointed to oversee the country’s gambling policy.

February 23, 2023

News In Brief: February 20-February 24, 2023

Brazilian state launches first ever regulated sports-betting site, Hong Kong will extract an additional HK$12bn from the Hong Kong Jockey Club over five years and Missouri committee favours bill without VLTs.

February 22, 2023

UPI Meets PayNow As India-Singapore Payments Linkage Goes Live

India and Singapore have announced that the bilateral linkage of their instant payment systems, UPI and PayNow, is now live, marking the first linkage of its kind for India.

February 22, 2023

Open Banking Surpasses Seven Million Milestone In UK

Open banking products are being used by 7m UK customers, it has been announced, five years on from the regulatory requirements introduced by the revised Payment Services Directive (PSD2).

February 22, 2023

Extend RTGS Operating Hours For Cross-Border Payments Boost, Says BIS

A new report by the Bank for International Settlements (BIS) has called on central banks to improve cross-border payments efficiency by extending the operating hours of real-time gross settlement (RTGS) systems.

February 22, 2023

CBDC Pilots Ready For Take Off In Brazil, Russia And Japan

Brazil, Japan and Russia have become the latest economies to announce a pilot for a central bank digital currency (CBDC) as global momentum continues.

February 22, 2023

U.S. Betting Operators Begin To Re-Evaluate League, Team Partnerships

U.S. sports-betting market leaders have begun to take different stances in pursuing partnerships with professional sports leagues and their teams that have been a common but expensive marketing tool in recent years.

February 22, 2023

Australia's Online Regulator Punishes BetDeluxe Over Spam

Australia’s national online gambling regulator has fined corporate bookmaker BetDeluxe more than A$50,000 ($34,200) for spamming customers and ordered an operational review, the second such punishment since issuing a massive fine to Flutter subsidiary Sportsbet.

February 22, 2023

Swedish Regulator Will Not Issue Umbrella Supplier Licence

The Swedish Gambling Authority has said it will not issue umbrella licences or permits to online gaming suppliers, despite major concerns from industry stakeholders that this will be costly and time-consuming.

February 21, 2023

Greece To Use TIPS For Government Payments

The Bank of Greece has announced it will be the first central bank in the Eurosystem to join the TARGET Instant Payment Scheme (TIPS) as the beneficiary's bank for domestic and cross-border government payments.

February 21, 2023

UPDATE: Custodia Bank Sues Fed (Again) After Failed Master Account Application

Custodia Bank, a major digital asset bank based in Wyoming, has filed an amended complaint against the US Federal Reserve following the rejection of its master account application last month.

February 21, 2023

PayPal, Zip Back Australian BNPL Regulation

Large firms in the buy now, pay later (BNPL) arena support the Australian government's plans to regulate the growing sector, but could the collapse of provider Openpay affect final policy decisions?