Insights Archive

September 2, 2021

Personnel Moves - August 2021

A major staff shakeup is taking place at GambleAware, Massachusetts has appointed a new regulator and Crown Resorts continues to shed staff amid ongoing controversy.

September 1, 2021

News In Brief - September 1, 2021

The Monetary Authority of Singapore (MAS) has revealed the identities of 15 finalists for its global central bank digital currency (CBDC) competition — including HSBC, Standard Chartered Bank and Citibank. Meanwhile, AUSTRAC is changing its systems and wants comment from regulated firms.

September 1, 2021

Lessons To Be Learnt From Malta’s €5m Pilatus Bank Fine

The Financial Intelligence Analysis Unit (FIAU) of Malta has fined Pilatus Bank a record €4,975,500 for "systemic failures in the implementation of AML/CFT controls."

September 1, 2021

Swift Action And Preparation Are Keys To Catching Crypto Hackers

Crypto hackers can move digital assets quickly and anonymously, but a recent Bitcoin hack shows how a U.S. crypto exchange can smooth the way towards better enforcement.

September 1, 2021

Government to Gut UK GDPR?

Oliver Dowden, the UK's Secretary of State for Digital, Culture, Media and Sport, has proclaimed that the government is interested in a root-and-branch reform of the provisions of the European Union's General Data Protection Regulation that it "onshored" as part of Brexit.

September 1, 2021

U.S. Online Giants Seek Tribal Backing For California Ballot Initiative

Several of the largest U.S. sports betting companies announced their support Tuesday for the latest ballot initiative to legalize online sports betting in California through a constitutional amendment that would limit licenses to established operators partnering with Indian tribes and require a $100m upfront fee.

September 1, 2021

Daub Alderney Fined Again For AML Failings

Daub Alderney, the former Stride Gaming, has been fined £5.85m by the UK Gambling Commission for anti-money laundering and social responsibility failures, in its second such penalty in less than three years.

September 1, 2021

Austrian Supreme Court Orders Refunds For Online Casino Losses

An Austrian Supreme Court ruling has held that foreign online casino operators are illegal, their contracts with players are invalid and gambling losses should be refunded.

September 1, 2021

The Road To Maturity: At Two-Year Sports Betting Mark, Indiana Remains A Top U.S. Performer

This week marks the two-year anniversary of Indiana’s sports betting launch, and the state has quietly thrived as a sports wagering hotspot, garnering a top five finish in both handle and revenue among U.S. states in the first-half of 2021.

August 31, 2021

Accountancy Chief Set To Be New Boss of Gambling Commission

A former strategy chief at the accountancy firm Deloitte will be a “more neutral appointment” to lead the UK Gambling Commission as it advises the government on reforming gambling laws. The Department for Digital, Culture, Media and Sport (DCMS) is understood to have selected Marcus Boyle to replace Bill Moyes, whose term as chairman of the Gambling Commission ends later this year.