Insights Archive

August 8, 2022

Gaming Companies Satisfied With Early Ontario Returns

Several operators expressed satisfaction with their performance in Ontario’s regulated online gaming market to date, but with revenue data still unreleased for the province, that satisfaction remains somewhat muted.

August 8, 2022

Chile's Chamber of Deputies Lambasts Football Betting Sponsors

The Sports and Economic Commissions of the chamber of deputies both criticised the sponsorship of football clubs by online betting operators last week, lobbying for immediate tax reforms and repercussions.

August 5, 2022

FCA Cracks Down On Appointed Representative Oversight

New rules will make financial firms more responsible for their appointed representatives, the UK’s financial watchdog has said, as it outlines new compliance requirements.

August 5, 2022

Week In Crypto: $300m Pyramid Scheme, $200m Hacks And More Resignations

As the US Securities and Exchange Commission files its latest crypto fraud case, another blockchain “bridge” is hit by a nine-figure hack. Bullish to the end, bitcoin “MVP” Michael Saylor resigns as MicroStrategy CEO. Just another week in crypto.

August 5, 2022

Colombian Authority Sides With Local Agents In Cross-Border Pay Row

Colombia’s antitrust authority has ordered Visa and Mastercard to drop plans to restrict the operation of local agents who provide a cheaper alternative to the card networks for cross-border payments.

August 5, 2022

UK Is Card Fraud Capital, Think Tank Reveals

The Social Market Foundation has released new data revealing that the UK is the card fraud capital of Europe, which will be unsurprising news to concerned regulators and payments players.

August 5, 2022

Deep Dive: The Impact Of Malta’s Greylisting

The shock of Malta’s placement on the Financial Action Task Force (FATF) was followed by swift regulatory action leading to a tenfold rise in its regulatory impact according to VIXIO analysis. Its removal a year later highlights the challenge of strengthening regulation with rising compliance costs.

August 5, 2022

Massachusetts Gaming Commission Taps Brakes on Quick Sports-Betting Launch

Massachusetts regulators have thrown some cold water on the idea of a speedy sports-betting launch but stressed that they are “ahead of the game” when it comes to their preparation.

August 5, 2022

Sports Betting In Massachusetts, iGaming In Connecticut Targets Rhode Island

Bally’s Corporation may have beat quarterly earnings estimates on Thursday, but the Rhode Island-based company could face a serious blow to its bottom line in its home state from new forms of gaming in Massachusetts and Connecticut.

August 5, 2022

Chile Online Gambling Discussion Pushed By At Least A Month

The Chilean Ministry of Finance has asked for a 30-day delay in processing a bill to regulate online gambling.

August 5, 2022

Italian Authorities Hand Google Record Fine

Italy's communication authority (AGCOM) has fined technology giant Google €750,000 for allegedly breaching a ban on gambling advertising on its YouTube video platform.

August 5, 2022

UK Debate Over Gambling Sports Sponsorships Heats Up

A UK debate over sports sponsorships is heating up as a fan group circulates petitions to have them banned.

August 5, 2022

News In Brief: August 1-August 5, 2022

U.S.-based casino company Penn National announces that it is rebranding as PENN Entertainment.

August 4, 2022

Japan Unlikely To Pursue CBDC, Says Former BOJ Insider

A former policy board member at the Bank of Japan (BOJ) has said its central bank digital currency (CBDC) studies have failed to impress and that the bank has no plans to implement a digital yen in the near future.

August 4, 2022

ECB’s Search For ’Holy Grail’ Of Cross-Border Payments

A European Central Bank (ECB) study to look into the future of cross-border payments gives high praise to instant payments linkages and central bank digital currency, while it ranks Bitcoin and stablecoins the worst of all worlds.

August 4, 2022

Watching The Watchers: Trade Groups Push For CFPB Oversight Of Fintech Data Handling

US trade groups have petitioned the Consumer Financial Protection Bureau (CFPB) to bring large fintechs, bigtechs and data aggregators under its supervision ahead of its open banking rulemaking.

August 4, 2022

UPDATE: Disney Settles Lawsuit Against Visa, Mastercard Interchange Fees

Disney has settled a lawsuit with Visa and Mastercard over allegedly excessive interchange fees, just days after bringing the card giants to court.

August 4, 2022

HKMA Shares ’Sound Practices’ As It Ramps Up Payment Operations Oversight

The Hong Kong Monetary Authority (HKMA) has written to authorised institutions with regard to payments-related incidents as it warns firms of plans to increase its surveillance over their payments operations.

August 4, 2022

Business Payments Continue To Drive US ACH Growth

The US ACH network moved 7.5bn payments in the second quarter of 2022 driven by the growth in Same Day ACH and business-to-business (B2B) payments, Nacha says.

August 4, 2022

Eyes On Colombia's New President For Gambling Winnings Tax Hike

The Colombian gambling industry will be watching the first moves of the new administration on Monday, when Gustavo Petro and his Cabinet are sworn into office.

August 4, 2022

Dutch Regulator Continues To Address Duty Of Care Concerns In Latest Study

There is little scientific evidence that voluntary limits are effective in preventing risky behaviour, according to a review undertaken by the Netherlands Gambling Authority (KSA).