Insights Archive

January 30, 2023

Gambling Ad Exposure Linked To Participation, UK Review Says

There is evidence that more advertising exposure increases gambling participation and leads to greater risk of harm, according to a new piece of research.

January 30, 2023

California Regulators Propose New Advertising Rules

After finding numerous examples of advertisements from cardrooms and third-party providers that fail to include responsible gambling information, the California Gambling Control Commission has proposed regulations to ensure the messages are included in every industry ad.

January 27, 2023

Daily Dash: Saudi CBDC Plans Advance

Saudi Arabia has progressed to a new stage in its digital currency project, while Commerzbank has confirmed it is suing EY over losses related to the Wirecard scandal.

January 27, 2023

Week In Crypto: Binance Banking Partner Restricts Withdrawals, Coinbase Hit By Dutch Fine

A US-based bank will no longer process small-ticket USD withdrawals for Binance users, Coinbase is hit by another fine and New York regulators call time on commingling of funds at crypto firms.

January 27, 2023

FinCEN Warns US Property Market Being Exploited By Sanctioned Russians

The US Treasury’s Financial Crimes Enforcement Network (FinCEN) has warned financial institutions that sanctioned Russian oligarchs may use the US commercial real-estate sector to hide their wealth.

January 27, 2023

Get Consumer Duty Plans Sorted, FCA Warns Firms

The UK financial watchdog has listed its recommendations for firms after publishing its findings on the Consumer Duty implementation so far.

January 27, 2023

Poland Investigates Ad Violations By Dutch, Serbian, Montenegrin Handball Federations

Poland’s Ministry of Finance is investigating potential illegal advertising of gambling operators, including the Dutch national lottery at the 2023 Men’s Handball Championship.

January 27, 2023

Financial Risk Checks In White Paper, Not Affordability, Says UK Gambling Minister

UK government cabinet ministers are giving their final thoughts on the much-delayed Gambling Act review white paper, according to the minister in charge of gambling policy, including the scrapping of wide-ranging affordability checks.

January 27, 2023

Washington Cardrooms, Racetracks Seek To Expand Sports Betting

Eric Persson, chief executive of Maverick Gaming, has unsuccessfully lobbied lawmakers for more than two years to allow cardrooms in Washington state to offer legal and regulated sports betting, but that has not stopped him from getting behind another legalization effort this year.

January 27, 2023

News In Brief: January 23–January 27, 2023

An online casino bill is launched in Maryland, Ontario revenues spike as licensed market comes fully online and investigations continue into exclusive betting licence tender in Paraguay.

January 26, 2023

Three Remittance Firms In Trouble With UK Regulator

The UK finance watchdog has issued a statement of objections to three cross-border money transfer firms over alleged fixed prices.

January 26, 2023

CBDC Could Offer Potential Fix For Cross-Border Payments, Says MAS Chief

A top official at the Monetary Authority of Singapore (MAS) has said that central bank digital currency (CBDC) could deliver low-cost and efficient cross-border payments, but it is not the only solution on the table.

January 26, 2023

Senators Set To Launch Probe Into PAGCOR Auditor Deal

Philippine lawmakers have renewed an attack on PAGCOR, with senators preparing to launch a Senate investigation into the gambling regulator’s contract with its online gaming auditor.

January 26, 2023

Georgia Sports-Betting Backers Potentially Changing Legalization Strategy

Supporters of sports betting in Georgia may be changing course once again in their efforts to legalize the activity in the state.

January 26, 2023

Dutch Operator JOI Fined €400,000 For Young Adult Promotional Emails

An online operator owned by one of the Netherlands' biggest bricks-and-mortar casino groups has been fined €400,000 for aiming adverts at young adults.

January 25, 2023

German Watchdog Starts PayPal Probe

Germany’s antitrust regulator is investigating PayPal over claims of inhibiting competitors and restrictive price competition.

January 25, 2023

In Touch Fined £6.1m In Third UK Regulatory Action Since 2019

The UK’s Gambling Commission has fined In Touch Games £6.1m for failings in social responsibility and anti-money laundering policies, its third seven-figure regulatory action since 2019.

January 25, 2023

ICE Conference Set To Rebound, But Brexit Clouds London Future

The ICE gambling conference seems poised to rebound to full strength or better next month, but rising London costs worsened by Brexit raise questions about its future in the UK’s capital.

January 25, 2023

U.S. Compliance Executives Seek Inclusion In Partnership Negotiations

As the U.S. gaming industry continues to evolve with the expansion of sports betting, cashless payments and eventually the widespread adoption of internet gaming, compliance executives agree there is a need for them to be involved in negotiations with third-party skin operators and partners.

January 24, 2023

Fraud Prevention Is 2023 Priority For Payments Firms

Payments players have said that they anticipate that 2023 will see the challenges around tackling fraud continue to play out, as VIXIO research finds that it is a top ranking priority for compliance teams to fix.

January 24, 2023

SEC Charges Nexo With Unregistered Securities Violations, Settles On Same Day For $45m

Nexo, a Bulgaria-based crypto lending and trading platform, has agreed to a $45m settlement after being charged with unregistered securities violations by the US Securities and Exchange Commission (SEC).