Insights Archive

November 11, 2022

Daily Dash: Spanish Banks Come Together For Digital Euro

Spain’s largest banks, including BBVA and Santander, have set up a working group to assess the impact of the digital euro, UK banking regulator is looking for help with innovation, and Mastercard has teamed up with J.P. Morgan on an open banking product.

November 11, 2022

Massachusetts To Accept Off-Track Betting Sports Betting Licenses On Rolling Basis

Massachusetts gaming regulators began to offer some clarity Thursday on how a third category of sports betting licenses, those belonging to off-track simulcast facilities, will be rolled out as part of the state’s ongoing launch process.

November 11, 2022

After California Debacle, Is There A Mandate Against Sports Betting?

Following perhaps the biggest financial disaster in the history of gambling on Tuesday in California, the sports betting industry is beginning to wonder if its halcyon days might be over.

November 11, 2022

Ukrainian Regulator Investigating Gambling Operators’ Illegal Russian Ties

The Ukrainian Regulatory Commission on Gambling and Lotteries (KRAIL) has teamed up with the Security Service of Ukraine to launch a probe into the potential ties between Ukraine-based gambling industry players and persons and entities based in Russia.

November 11, 2022

News In Brief: November 7-November 11, 2022

The MGA is preparing crypto and blockchain proposals, nearly a third of British youth have spent money on gambling in the past 12 months and website claims nearly all German-language casino ads are "illegal".

November 10, 2022

Singapore Hails BNPL Code As Gen Z Borrowing Probed

Singapore’s finance minister told parliamentarians it does not hold data on the use of buy now, pay later (BNPL) products, but referred to the new industry code for the product as the solution for its riskier elements.

November 10, 2022

Battle For Congress: Regulatory Impact Of US Mid-term Elections

The first results of mid-term elections dash Republican hopes for a “red wave” but they may still take control over the House with a narrow majority, which could have implications forthcoming regulator changes.

November 10, 2022

Late To The Party? UK MP Criticises FCA Actions To Protect Cash

Labour MP Siobhain McDonagh criticised the Financial Conduct Authority (FCA) for being late to tackling the issue of access to cash as she seeks to amend the government’s financial services bill to protect “free” access to cash.

November 10, 2022

Hungary Promises A Crackdown For International Operators In New Market

Hungary is imposing strict restrictions on international operators trying to enter their market despite a ruling from the Court of Justice of the European Union (CJEU) that it cannot sanction or fine international operators, according to a lawyer.

November 10, 2022

Cardrooms Claim Victory As California Voters Resoundingly Reject Sports-Betting Initiatives

California cardrooms are breathing easier after voters overwhelmingly defeated Proposition 26, a tribal retail sports betting proposal that also included a provision to allow for civilian enforcement of gambling laws.

November 10, 2022

Twitch Draws Fire For Gambling Streams Accessible To Youth

Access to gambling streaming by underage viewers on Twitch is becoming more controversial, as countries such as Germany and Norway complain that streaming gambling violates their laws.

November 10, 2022

Entain’s Lycka Mulls Differences In Regulatory Approach Of Europe, U.S.

It has been one year since Martin Lycka left Europe to become Entain’s top regulatory affairs executive in North America, and already he has noticed how distinct the oversight of gambling operations is in the United States and Canada.

November 10, 2022

Bulgaria Supreme Court Declares €168m Gambling Tax Bill 'Null'

Bulgaria's Supreme Court has ruled that the now-defunct State Gambling Commission’s attempt to issue operator Eurofootball with a €168m tax bill is null and void.

November 9, 2022

’Perception Of Erosion Of Independence’ - FCA Questions UK Government’s Call In Power

The interim chair of the UK Financial Conduct Authority (FCA) suggests it would be “unwise” to include the controversial call in power in the government’s financial bill as it would create the “perception of the erosion” of the agency’s independence.

November 9, 2022

Dutch Minister Outlines PSD2 Review Recommendations To Brussels

The Netherlands’ finance minister has offered the European Commission her thoughts on how the revised Payment Services Directive (PSD2) could be improved, with fraud and data protection taking centre stage.

November 9, 2022

Privacy Remains No.1 Sticking Point For EU’s Digital Euro Plan

EU officials' enthusiasm for a digital euro is unwavering, but how they get there still remains uncertain as they grapple with what the thresholds for privacy will be. A chief concern is whether a digitalised fiat can maintain the same level of anonymity as its paper-based equivalent, while reconciling this with other significant security requirements, such as fighting money laundering.

November 9, 2022

Top Former Macau Official Blasts Government 'Incompetence'

The legal mastermind of Macau’s modern-day gambling industry has excoriated the Macau government for “an inconceivable level of incompetence” for holding a casino concession tender during multiple crises.

November 9, 2022

California Sports-Betting Ballot Measures Facing Heavy Defeats

After the most expensive ballot campaign in U.S. history, two competing initiatives to regulate sports betting in California were both set to be decisively rejected by voters on Tuesday.

November 9, 2022

Nevada Sees Esports Betting Revenue Opportunity Once Regulations Approved

Industry experts and executives are confident that esports will gradually become a bigger part of Nevada's sports-betting market after a pending regulatory change to facilitate esports wagering was approved by gaming officials.

November 9, 2022

São Paulo Calls For International Lottery Bids

After a previous bidding process was annulled in July, the Brazilian state of São Paulo has published another international tender for an exclusive concession to operate a state lottery.

November 9, 2022

French Stakeholders Agree To Limit Advertising

A range of gambling industry stakeholders in France have agreed to rein in advertising and sign-up offers as the FIFA World Cup quickly approaches.