Insights Archive

November 10, 2022

Late To The Party? UK MP Criticises FCA Actions To Protect Cash

Labour MP Siobhain McDonagh criticised the Financial Conduct Authority (FCA) for being late to tackling the issue of access to cash as she seeks to amend the government’s financial services bill to protect “free” access to cash.

November 10, 2022

Hungary Promises A Crackdown For International Operators In New Market

Hungary is imposing strict restrictions on international operators trying to enter their market despite a ruling from the Court of Justice of the European Union (CJEU) that it cannot sanction or fine international operators, according to a lawyer.

November 10, 2022

Cardrooms Claim Victory As California Voters Resoundingly Reject Sports-Betting Initiatives

California cardrooms are breathing easier after voters overwhelmingly defeated Proposition 26, a tribal retail sports betting proposal that also included a provision to allow for civilian enforcement of gambling laws.

November 10, 2022

Twitch Draws Fire For Gambling Streams Accessible To Youth

Access to gambling streaming by underage viewers on Twitch is becoming more controversial, as countries such as Germany and Norway complain that streaming gambling violates their laws.

November 10, 2022

Entain’s Lycka Mulls Differences In Regulatory Approach Of Europe, U.S.

It has been one year since Martin Lycka left Europe to become Entain’s top regulatory affairs executive in North America, and already he has noticed how distinct the oversight of gambling operations is in the United States and Canada.

November 10, 2022

Bulgaria Supreme Court Declares €168m Gambling Tax Bill 'Null'

Bulgaria's Supreme Court has ruled that the now-defunct State Gambling Commission’s attempt to issue operator Eurofootball with a €168m tax bill is null and void.

November 9, 2022

’Perception Of Erosion Of Independence’ - FCA Questions UK Government’s Call In Power

The interim chair of the UK Financial Conduct Authority (FCA) suggests it would be “unwise” to include the controversial call in power in the government’s financial bill as it would create the “perception of the erosion” of the agency’s independence.

November 9, 2022

Dutch Minister Outlines PSD2 Review Recommendations To Brussels

The Netherlands’ finance minister has offered the European Commission her thoughts on how the revised Payment Services Directive (PSD2) could be improved, with fraud and data protection taking centre stage.

November 9, 2022

Privacy Remains No.1 Sticking Point For EU’s Digital Euro Plan

EU officials' enthusiasm for a digital euro is unwavering, but how they get there still remains uncertain as they grapple with what the thresholds for privacy will be. A chief concern is whether a digitalised fiat can maintain the same level of anonymity as its paper-based equivalent, while reconciling this with other significant security requirements, such as fighting money laundering.

November 9, 2022

Top Former Macau Official Blasts Government 'Incompetence'

The legal mastermind of Macau’s modern-day gambling industry has excoriated the Macau government for “an inconceivable level of incompetence” for holding a casino concession tender during multiple crises.

November 9, 2022

California Sports-Betting Ballot Measures Facing Heavy Defeats

After the most expensive ballot campaign in U.S. history, two competing initiatives to regulate sports betting in California were both set to be decisively rejected by voters on Tuesday.

November 9, 2022

Nevada Sees Esports Betting Revenue Opportunity Once Regulations Approved

Industry experts and executives are confident that esports will gradually become a bigger part of Nevada's sports-betting market after a pending regulatory change to facilitate esports wagering was approved by gaming officials.

November 9, 2022

São Paulo Calls For International Lottery Bids

After a previous bidding process was annulled in July, the Brazilian state of São Paulo has published another international tender for an exclusive concession to operate a state lottery.

November 9, 2022

French Stakeholders Agree To Limit Advertising

A range of gambling industry stakeholders in France have agreed to rein in advertising and sign-up offers as the FIFA World Cup quickly approaches.

November 8, 2022

FCA Takes Aim At Dodgy Financial Ads And Promotions

The UK Financial Conduct Authority (FCA) over recent months has requested that numerous buy now, pay later lenders and e-money firms amend marketing materials as part of its job to protect against misleading promotions. The regulator has also warned consumers against unregulated firms and scammers.

November 8, 2022

European Commission To Introduce Access To Cash Legislation

Brussels officials have confirmed that legislation to enhance access to cash for EU citizens is on the way, as the European Commission’s leadership uses the digital euro conference to endorse and protect paper money.

November 8, 2022

Singapore Wants To Axe Corporate Cheques By 2025

The Monetary Authority of Singapore is consulting on a proposal to eliminate corporate cheques by 2025 as processing costs soar, with the aim of also migrating remaining consumer users to alternative payment methods.

November 8, 2022

World Record Powerball Lottery Drawing Delayed

Viewers tuned in across the United States at 11pm Eastern time on Monday to see if they had the winning ticket that would guarantee them the largest lottery jackpot in world history. There was just one problem.

November 8, 2022

Puerto Rico Issues More Sports-Betting Licences

The Puerto Rico Gaming Commission has authorised seven new companies to operate or support sports betting on the island, according to the agency's interim executive director.

November 8, 2022

Election Day Means End Of The Beginning For California Sports Betting

It appears to be only a matter of how big the loss will be for two California sports-betting measures on Tuesday, but the debate is not going away and the question is when, not if, a rematch will occur.

November 8, 2022

UK Education Department Scolded Over Child Data Used By Gambling Firms

The UK’s data watchdog wants to hand the Department for Education a £10m fine for allowing the personal information of up to 28m children and young people from the age of 14 to be used to benefit gambling companies.