Insights Archive

January 10, 2023

Italian Gambling Concessions Extended

Italy’s betting, bingo, slots and online gaming concessions have been extended by a year after they were set to expire at the end of 2022.

January 9, 2023

UPDATE: J.P. Morgan To Face Lawsuit Over Loss Of $272m From Ray-Ban Maker’s Account

A US judge has ruled that J.P. Morgan must face a lawsuit that seeks to hold the bank liable for the loss of $272m from the account of a Thailand-based Ray-Ban manufacturer.

January 9, 2023

Indian Court Tells Google To Pay 10 Percent Fine Deposit For Appeal To Be Heard

An Indian appellate court has ordered Google to deposit 10 percent of two penalty fines that it received for abuse of its position before it will grant its motion to appeal.

January 9, 2023

Treat Crypto Like Gambling, Says ECB Official

Trading in unbacked digital assets should be treated by regulators like gambling, Fabio Panetta has said in his latest intervention.

January 9, 2023

TikTok To Enable Instant Account-To-Account Payments On Platform

TikTok parent ByteDance has partnered with J.P. Morgan to build a real-time payments infrastructure as the firm looks to leverage local instant clearing systems to reduce costs and enhance user experience.

January 9, 2023

Ukrainian Industry Calls For State Monitoring Of Gambling Amid Tax Hike Fears

A trade group representing gambling operators in Ukraine is calling on the government to accelerate plans for an online monitoring platform to forestall the activation of a higher tax rate.

January 9, 2023

Chile's Economy Commission Begins Online Gambling Bill Discussions

Chile’s bill to legalise online gambling took a step forward last week as the Chamber of Deputies' Economy Commission began to evaluate the project.

January 9, 2023

Ireland Could Restrict Gambling Ads In Sport, Say Researchers

Ireland needs a targeted focus on higher-risk groups of the population such as sports players in its pending legislation, according to the Economic and Social Research Institute.

January 9, 2023

Problem Gambling Prevention Funding Focus Of U.S. State Lawmakers

In 2023, lawmakers in several states will consider proposals to increase funding for problem gambling or prioritize treatment services as they deal with the impact of new forms of legalized gambling on their communities, including sports betting and casino gaming.

January 6, 2023

Week In Crypto: SBF Pleads Not Guilty, Coinbase Hit By $100m Settlement, Judge Rules In Celsius’ Favour

FTX’s former CEO pins his hopes on an acquittal, Coinbase is rapped for over-stretching its compliance muscle and a federal judge confirms that Celsius owns its customers’ crypto.

January 6, 2023

First EMI Joins Spanish Payment System

Iberpay, which oversees Spain’s national payments system, has hit a milestone after it incorporated its first electronic money institution (EMI).

January 6, 2023

Daily Dash: Saudi Arabia Launches Open Banking Lab

Saudi Arabia has launched its Open Banking Lab following last year’s framework announcement, and Denmark has recorded its first year without a bank robbery.

January 6, 2023

Mastercard Breached US Debit Card Rules, FTC Says

The US Federal Trade Commission alleges that Mastercard has been blocking the use of competing networks for online debit card payments in breach of federal regulations.

January 6, 2023

UK Lawmakers Lobby As White Paper Nowhere In Sight

As Christmas and New Year in the UK passed without a Gambling Act review update, some politicians are still publicly trying to influence the contents of the long-awaited white paper.

January 6, 2023

Finnish Government Mulls End Of Online Gambling Monopoly

After months of pressure and speculation Finnish authorities announced on Thursday they are officially considering the possibility of scrapping the country’s gambling monopoly and launching a licence-based online gambling system.

January 6, 2023

Ohio Becoming Biggest, Baddest Sheriff In U.S. Sports-Betting Regulation

Ohio did not accept its first legal sports wager until New Year’s Day, but after levying hefty fines on Thursday against three prominent operators, the Buckeye State is swiftly establishing itself as perhaps the most relentless enforcer of regulations among sports-betting states.

January 6, 2023

Fanatics Presents Sports-Betting Plan To Massachusetts Regulators

Details about the forthcoming sportsbook operation of sports retailer Fanatics have been sparse to date, but some information has finally trickled out this week through public presentations in Massachusetts.

January 6, 2023

News In Brief: January 3-January 6, 2023

Ukraine's gambling tax income is nearing pre-war levels, the country's regulator has said.

January 5, 2023

US Consumer Watchdog Wants New Rules For Credit Reference Agencies

Although improvements have been made, the Consumer Financial Protection Bureau has warned that new compliance requirements may be necessary to bring down credit reporting firms' complaints.

January 5, 2023

India Migrates Payments Fraud Reporting To New Suptech System

A new supervisory technology (suptech) system is now live in India, and has taken over as the main channel for banks and other financial institutions to report suspected payments fraud.

January 5, 2023

Turkey Completes First CBDC Transactions

The Central Bank of the Republic of Turkey has run its first test transactions on the digital lira network, promising a report on progress so far.