Insights Archive

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).

January 24, 2023

US Financial Regulator Puts Subscription-Based Firms On Alert

The US Consumer Financial Protection Bureau warns companies against using dark patterns to make consumers pay recurring fees.

January 24, 2023

Peru's Finance Minister Talks Gambling Tax, Social Unrest

In a perfect world, restructuring taxes, including those that address gambling, would be part of Peru’s post-pandemic economic recovery, according to the country’s minister of finance.

January 24, 2023

U.S. Operators Face Escalating Enforcement Environment

Ohio has wasted little time in raising the bar in terms of enforcement activity against sports-betting operators, although U.S. states still have a long way to go before they start to resemble the more hostile enforcement environments of European markets.

January 24, 2023

Kenya Improving Tax System, Considering National Lottery

Kenya's new government is considering setting up a national lottery and will ramp up tax collection as the country looks for ways to stimulate growth.

January 23, 2023

Subsidies Renewed For Indian Banks On Low-Value RuPay Debit Card, UPI Payments

The Indian government has announced that it will continue a long-standing incentive scheme that allows banks to claim subsidies for processing certain types of low-value digital payments.