Insights Archive

September 6, 2022

California Cardroom Moratorium Set To Expire

After a last-minute defeat in a Senate committee to get a state moratorium on the number of licenses and tables for cardrooms extended for another year, lawmakers, some tribes and cardroom owners agreed to negotiate in an attempt to make a deal before next year’s legislative session.

September 5, 2022

California Passes New Crypto Licensing Regime With Bipartisan Support

The California State Legislature has passed a new crypto regulation that includes wide-ranging provisions on licensing and stablecoin issuance.

September 5, 2022

Multi-Jurisdictional, Multi-Pronged: FATF Changes Its Legal Persons Approach

Risky companies are falling through the cracks for authorities and the private sector, which has prompted the international standards-setting body to change its policy recommendation.

September 5, 2022

Enough Pie For All: Visa Unfazed By FedNow Launch

Speaking at a Deutsche Bank conference, Vasant Prabhu, vice chairman and CFO of Visa, said he does not think that competition building on the upcoming US FedNow service will have a big impact on its bottom line.

September 5, 2022

New UK Lottery Boss Says Digital Revamp Is Key

Allwyn is planning to rejuvenate the UK national lottery with a digital revamp, its boss has said, a week before its ongoing legal tussle with Camelot has its next day in court.

September 5, 2022

Okada Foes Retake Manila Casino With Regulator Support

Philippine gambling regulator PAGCOR has presided over a second forcible takeover of resort casino Okada Manila, this time expelling managers loyal to mogul Kazuo Okada, in a reversal of its stance on the drawn-out ownership battle.

September 2, 2022

Card Networks Pressed To Track US Gun Purchases

Mastercard and American Express have been pushed by lawmakers in their home state to mark gun purchases with a dedicated merchant tag as the number of mass shootings is growing across the country.

September 2, 2022

Week In Crypto: Leaks, Fake Trading Volume And Celebs Put On Notice For ’Shilling’ NFTs

The Wikileaks of crypto drops its biggest case yet, Tether’s reserves come under scrutiny, a major study finds most bitcoin trades are fake and celebrities face the rap for "shilling" NFTs.

September 2, 2022

BaFin Takes Action Against Another Fintech

Following its restrictions on N26 last year, payment gateway Unzer has been prevented from onboarding new clients by Germany’s financial watchdog.

September 2, 2022

Daily Dash: New eID Network On Horizon For Finland

Finland’s Ministry of Finance has issued a grant to a consortium of banks, technology companies and government services to develop a digital identity network, while NatWest admonished for breaching banking rules.

September 2, 2022

Court Orders Madhya Pradesh To Submit Online Gaming Policy

The High Court for India’s fifth most populous state has ordered the state government to take legislative or regulatory action on online gaming by November 30.

September 2, 2022

Massachusetts Sports-Betting Licenses In High Demand

With up to 15 slots available for mobile betting licenses in Massachusetts, 42 companies have submitted notice that they intend to pursue licensure in the commonwealth.

September 2, 2022

Brazil Approves New Lotteries For Health And Tourism Ministries

Brazil’s Congress has approved a bill which authorises the creation of two new national lotteries to benefit health and tourism, with the government seeking private operators to run the draws.

September 2, 2022

The Forecast In Uruguay: In Conversation With Luis Gama

Uruguay’s former chief gambling regulator has warned of “serious mistakes” in the country’s advancing online gambling bill, in conversation with VIXIO.

September 2, 2022

News In Brief: August 29-September 2, 2022

The head of the Betting and Gaming Council has called for a restrained and measured delivery of the UK government's long-awaited gambling reforms by the country's new leader.

September 1, 2022

UAE Regulator Fines Wise For AML Failings

The United Arab Emirates (UAE) has continued with its tough approach to money laundering compliance, taking action against the cross-border payments fintech.

September 1, 2022

UK MPs Want De-Regulation To Empower Challenger Banks

A cross-party group of parliamentarians has called on the UK government to cut regulatory requirements for so-called challenger banks in a report on levelling up.

September 1, 2022

Zodia Markets On Becoming UK’s First Bank-Owned, FCA-Registered Crypto Exchange/Brokerage

An institutional digital asset exchange and brokerage has become the first platform of its kind to enter the Financial Services Register at the UK's Financial Conduct Authority (FCA).

September 1, 2022

Victoria Launches Illegal Credit Probe Into Crown Melbourne

Victoria state’s gambling regulator has announced another probe into Crown Resorts’ Melbourne casino, warning of a fine of up to A$100m ($68m) and licence restrictions over illegal use of bank and blank cheques.

September 1, 2022

Will Nigerian States Give Up Their Regulatory Rights?

The Nigerian High Court has ruled in favour of the country's federal regulator in a long-standing dispute with states over who regulates the market, but doubts remain that local governments will let go of the licensing systems from which they collect taxes.

September 1, 2022

Brazil Betting Probe Prompts Questions Over Government Motives

The day after Brazil’s Ministry of Justice announced an investigation into betting partnerships struck by 54 football teams and championships, and the Rede Globo media network, an industry expert speculates as to why the sudden interest in a crackdown.