Insights Archive

February 6, 2023

Brazil's Betting Market Continues To Grow Without Regulation

Experts on Latin American gaming are divided over when a regulatory framework for sports betting might be implemented in Brazil, with one operator warning that over-confidence could mislead investors and damage the industry’s reputation.

February 6, 2023

German Court Deems Lottoland Website Blocking Unlawful

A German appeals court has struck down an “obviously illegal” order by the federal gambling regulator to block internet access to Lottoland websites.

February 3, 2023

EU Payments Groups Demand Access To Payment Systems

Payments and electronic money institutions should be able to access payments infrastructure in Europe, a joint letter to commissioner Mairead McGuinness says, as firms push for an amendment to the Settlement Finality Directive.

February 3, 2023

Week In Crypto: Celsius Declared ‘Insolvent Since Inception’

A final report into the Celsius bankruptcy finds that the collapsed crypto lender was never solvent, and a judge rules that the public should know who bailed Sam Bankman-Fried out of jail. Meanwhile, a Korean crypto executive is arrested on fraud and embezzlement charges.

February 3, 2023

SEC Commissioner Raises Alarm Against Inflated Unicorn Valuations

Caroline Crenshaw, a commissioner at the US Securities and Exchange Commission (SEC), has warned that inflated valuations of the once-mythical unicorns are, in part, the result of a regulatory gap and she proposes to fix it.

February 3, 2023

Daily Dash: Spain Comes Out Above Average For Instant Payments

Spain’s Iberpay reveals strong results for instant payments, PayPal cuts thousands of jobs, and contactless payment rules get relaxed in Bangladesh.

February 3, 2023

Online Gaming Supporters Make Case For Legalization In New York

While conversations about three available downstate casino licenses and reducing the sports-betting tax rate are more prominent in New York, supporters of online casino gaming are laying the groundwork to ultimately bring the activity to the Empire State.

February 3, 2023

California Cardroom Moratorium Bill Introduced

A new bill introduced in the California Assembly to reinstate a moratorium on cardroom expansion has garnered support from tribal gaming operators and key lawmakers, but the cardroom industry has yet to take a position publicly on the measure.

February 3, 2023

French Regulator May Seek More Powers Over Gambling Ads

France’s National Gambling Authority has said it is considering seeking new powers to more closely supervise the gambling marketing, especially on social media.

February 3, 2023

Bombshell Kenya Rulings Remove Excise Tax, Nairobi Restrictions

Kenya’s High Court will force the removal of a controversial 7.5 percent excise duty tax on gambling activities and has declared the capital Nairobi's gambling law void in two landmark decisions delivered on the same day.

February 3, 2023

News In Brief: January 30-February 3, 2023

A Dutch illegal online casino owes tens of millions to the state, a sports-betting bill makes unprecedented progress in Missouri and Aruze moves to restructure its US business.

February 2, 2023

’Lack Of Vision’ Holding Back Open Banking

Charlotte Crosswell sets out her recommendations for how the UK should move forward on open banking after stepping down as trustee of Open Banking Limited and chair of the Open Banking Implementation Entity.

February 2, 2023

UK Treasury Seeks Comment On Proposed Framework For Crypto-Asset Regulation

HM Treasury has published a new consultation paper that sets out the UK government’s proposals for crypto-asset regulation and has asked for feedback from industry by the end of April.

February 2, 2023

North Carolina Tribal Casino's Plight Could Impact U.S. Presidential Race

A South Carolina tribe that owns a casino in North Carolina is appealing a “Notice of Violation” issued by the federal agency regulating Indian gaming, and the dispute might spill over into the 2024 U.S. presidential campaign.

February 2, 2023

India Budget Introduces Online Game Tax, Delighting Industry

New provisions in India’s budget for 2023 have brought online gaming in from the cold, codifying tax rates for winnings from online and offline games and streamlining their collection.

February 2, 2023

Maltese Regulator Outlines Distributed Ledger Policy, European Markers Of Harm Support

The Malta Gaming Authority has said it fully supports developing standardised European markers of harm and that the publication of its distributed ledger policy indicates a “natural progression” of its position on crypto.

February 2, 2023

Georgia Senators Introduce Legislation To Legalize Sports Betting

A bipartisan group of Georgia legislators has introduced a bill that would legalize sports betting without a state constitutional amendment, setting the stage for a legislative battle this year.

February 2, 2023

Personnel Moves - January 2023

The chief executive of 888 has exited the company, MGM boss Hornbuckle retains federal advisor role, Australia's BetMakers shuffles executives and new Brazilian President Lula appoints key ministers.

February 1, 2023

Brazil And Argentina In Talks Over New LatAm Common Currency

The Presidents of Brazil and Argentina have announced plans to build a common currency for Latin America to enhance cross-border trade and curtail dependency on the dollar.

February 1, 2023

Please, EBA, May I Have Some More: New SCA Clarifications Added

The European Banking Authority (EBA) has published a new set of Q&As just days after a previous release clarifying the application of strong customer authentication (SCA) requirements for use with digital wallets.

February 1, 2023

Even Tech-Savvy Netherlands Struggles To Adapt To Digitisation

Considered one of Europe’s leading and innovative payments markets, new research conducted by De Nederlandsche Bank reveals that millions of Dutch citizens are struggling to get to grips with digital payments.