Insights Archive

October 6, 2021

News In Brief - October 6, 2021

There has been a dramatic increase of 60 percent in fraud cases between the first half of 2020 and the first half of 2021, the Belgian financial regulator has warned.

October 6, 2021

Karnataka Online Ban In Force As Industry Prepares Legal Action

Indian fantasy sports companies are now blocking users in Karnataka after a ban on all gaming with stakes came into force in the southwestern state on Tuesday, but market leader Dream11 has yet to declare its hand.

October 6, 2021

Sports-Betting Executives Say Self-Regulation Needed To Avoid U.S. Ad Restrictions

Sports-betting executives have said that increased self-regulation is the key to avoiding a clampdown on advertising by state or federal regulators as the industry continues to progress in the United States.

October 6, 2021

As U.S. Casinos Embrace Cashless Gaming, Regulators More Cautious

As the U.S. gaming industry continues to bring mobile wallets and other cashless products to market, there are hurdles from a regulatory standpoint as state regulators try to understand the importance of this technology, according to lobbyists and gaming executives.

October 6, 2021

Gambling Now A Pillar Of Cypriot Economy, Says Government

The government of Cyprus wants the local gambling industry to keep growing, saying it has become a “pillar” of its economy, according to finance minister Konstantinos Petridis.

October 5, 2021

Global Crypto Standards Needed, Warns IMF

The International Monetary Fund (IMF) has published its latest report on crypto-assets, cautioning that the opportunities that the industry presents also come with plenty of risks.

October 5, 2021

Lessons To Be Learned From OBIE Investigation

An investigation into complaints made at the Open Banking Implementation Entity (OBIE), the not-for-profit organisation set up to develop industry standards and guidelines to help usher in open banking in the UK, has found it allowed a culture of bullying and intimidation to prevail.

October 5, 2021

Technology Helped Community Bankers Embrace Opportunities During Pandemic

A year after the pandemic hit, U.S. community bankers are optimistic about existing technologies but concerns about cybersecurity have grown to be their biggest fear.

October 5, 2021

After Conquering U.S., Casino Property Owners Eye Global Expansion

Despite a global pandemic that is still having an impact on the industry, the president of VICI Properties believes there are plenty of opportunities for gaming real estate investment trusts (REITs) to acquire casinos in foreign markets.

October 5, 2021

UK MPs Back Gambling Reform At Party Conferences

The UK's largest political parties have discussed the country’s impending gambling reforms at their annual conferences, as polling firm Survation reveals MPs and voters “overwhelmingly” support change.

October 4, 2021

Hungarian Central Bank Reveals Cracks In EU Passporting Regime As Fintechs Grow

The Hungarian central bank has issued a press release about Revolut which suggests that fintechs can only fully rely on the EU passporting system as long as they have a limited presence in a “host state.”

October 4, 2021

Industry Split Over Open Banking’s Progress In Europe

Some Europeans have welcomed the revision of the Payment Services Directive (PSD2); others believe that it has hampered progress. Consumers are not very aware of their rights to open banking and this remains a huge problem.

October 4, 2021

News In Brief - October 4, 2021

The Reserve Bank of New Zealand launches consultation on central bank digital currencies (CBDCs) and the Bank for International Settlements releases three new CBDC reports.

October 4, 2021

PEPs Prevalent In Pandora Papers

The Washington-based International Consortium of Investigative Journalists (ICIJ) has released yet another cache of leaked documents that illustrate the fondness of politically exposed persons (PEPs) for the offshore world. The 2.94 terabytes of data from it are expected to appear on the databases of financial crime software vendors the world over. The ICIJ claims that this is the largest cache of all.

October 4, 2021

Kindred Queried On Future Dutch Prospects

Analysts have quizzed Kindred Group on when it might be able to get back into the Dutch market, as newly licensed operators struggled with a technical blunder.

October 4, 2021

Former William Hill US Chief Back In The Game With Warning About Advertising

Former William Hill US CEO Joe Asher was last week was appointed the new president of sports betting at IGT, and is not wasting any time warning the gaming industry about the hazards of excessive advertising.

October 4, 2021

California Report Recommends Aligning Licensing Fees With Regulatory Costs

More than two years after a report by California’s auditor criticized state gaming regulators over their licensing processes and fees not being aligned with their actual costs, a new report has outlined proposed changes to the state’s fee structure.

October 4, 2021

Personnel Moves - September 2021

The fledgling German regulator makes a pair of senior appointments, FanDuel selects its permanent CEO and yet more trouble at the top for Crown Resorts.

October 1, 2021

EBA Answers New Spate Of Questions About SCA

The European Banking Authority (EBA) has answered further questions from the financial sector about the EU’s revised Payment Services Directive (PSD2).

October 1, 2021

Kraken Case Contains Silver Lining In Crypto Enforcement

A recent settlement of charges laid by a U.S. federal regulator against crypto-exchange Kraken strikes a note of hope for the crypto-industry, which has been the target of much regulatory animosity recently.

October 1, 2021

Operators Seek Changes On Official Data, Promotional Play In Maryland

Potential sportsbook operators in Maryland have pushed back against draft regulations that would mandate the use of official league data for all types of wagers, as well as a potential cap on tax deductions for bonuses.