Insights Archive

October 13, 2022

Meghalaya To 'Completely Scrap' Gaming Law

In a stunning about-face, the Indian state of Meghalaya has announced it will repeal groundbreaking land-based and online gaming legislation following intense political and social opposition to the law.

October 13, 2022

U.S. Sports Leagues Take Kinder, Gentler Approach In Lobbying For Sports Betting

When sports wagering began to expand across the United States four years ago, the nation’s major sports leagues became notorious for their aggressive lobbying tactics to shape the market in their own image, but times are changing.

October 13, 2022

One Third Of Investment Funds Exclude Gambling

The number of investment funds with policies that exclude gambling has increased by 5 percent over the past year, according to a Morgan Stanley survey on investors' exclusionary policies.

October 12, 2022

Sibos 2022: Industry Optimism Despite Complicated Road Ahead For ISO 20022

ISO 20022’s implementation should be treated as a collaborative and "non-competitive" matter for the payments ecosystem, as the co-existence period with legacy messaging standards begins next month.

October 12, 2022

Scameter: Hong Kong’s New Tool In Fight Against Fraud

The Hong Kong Monetary Authority has launched a new search engine tool that allows consumers to screen payees for connections to fraud cases prior to making a transaction.

October 12, 2022

PSR Mandates CoP For 400 More Payment Firms

The UK's Payment Systems Regulator (PSR) is directing around 400 payment service providers to implement confirmation of payee (CoP) to their customers.

October 12, 2022

Instant Payments Surge In Australia As Legacy Payments Migrate

Australia’s fast-growing instant payments system looks set to continue its expansion, as the country migrates its legacy payments to the new platform. Meanwhile, new services such as buy now, pay later (BNPL) continue to disrupt traditional card payments.

October 12, 2022

Chinese Envoy Denies Gambling Blacklist Includes Philippines

A communication breakdown between the president of the Philippine Senate and the Chinese ambassador has exposed a possible tourism blacklisting for the Philippines over Chinese involvement in the local gambling industry.

October 12, 2022

U.S. Gaming Industry Threatened By Offshore Sites, Grey-Market Machines

The U.S. gaming industry faces serious challenges from inflation, rising energy costs, higher interest rates and labor shortages but executives and lobbyists warn the biggest underlying threat to their businesses comes from illegal gambling.

October 12, 2022

GGPoker Parent Will Pay UK Gambling Commission Penalty

The company that operates GGPoker will pay a £673,000 penalty for failures in social responsibility and anti-money laundering (AML) policies.

October 12, 2022

DraftKings, FanDuel Hoist White Flag In California But Pledge To Return

They stopped just short of an outright concession, but the chief executives of DraftKings and FanDuel on Tuesday acknowledged their sports-betting referendum in California is likely to fail on November 8.

October 12, 2022

DraftKings Boss Silent On Potential ESPN Partnership

Speaking at the Global Gaming Expo (G2E) on Tuesday, DraftKings CEO Jason Robins remained quiet on the topic of a reported major partnership with sports media giant ESPN.

October 12, 2022

Netherlands Ad Limits 'Unwarranted', Says Online Trade Group

The Netherlands Online Gambling Association has said a raft of proposed advertising restrictions are “unwarranted” and “not based on evidence or analyses”.

October 11, 2022

’Fair And Correct’: PagBrasil CEO’s Verdict On New Interchange Rules

VIXIO sat down with PagBrasil’s CEO to discuss the implications of the upcoming changes to Brazil's prepaid card interchange fee regulation. He argues new rules are down to prepaid success in the market, while also discussing potential threats to credit cards from new Pix services to be launched next year.

October 11, 2022

Singaporean Authorities Sanction Swiss Bank Official After STR Fail

The Monetary Authority of Singapore and the country’s police force have sanctioned a senior banker for failing to file suspicious transaction reports (STRs) at BSI Bank.

October 11, 2022

Netherlands Delaying Ad Restrictions, Addressing Deposit Limits

Dutch gambling minister Franc Weerwind has announced a several-month delay to proposed advertising restrictions, as a raft of gambling policy queries were discussed during a Standing Committee on Justice and Security debate.

October 11, 2022

Popularity Of U.S. Sports Betting, Internet Gaming Drives Increase In Fraud

As mobile sports betting and online gambling increase in popularity in the U.S. so too does a broad range of illicit activities from identify theft to payments fraud and proxy betting, gaming industry executives warned Monday.

October 11, 2022

Paraguay's Sports-Betting Concession Process Plagued With Familiar Problems

Despite accusations of corruption, on October 31 regulator Conajzar will open envelopes which contain bids for the exclusive concession to operate sports bidding in Paraguay for the next five years, a contract that is reportedly worth $500m.

October 11, 2022

G2E Opens With Cybersecurity As Top Agenda Item For Regulators

Chief regulators of four major gambling states emphasized the importance of cybersecurity and discussed cultural differences between Europe and the United States during Monday’s opening session of the largest gaming conference in North America.

October 10, 2022

Optus Data Breach Prompts Australian Legislative Reform

Australia’s government is planning to propose changes to the country’s telecom laws to enable better information sharing with banks after a massive data breach at the telco firm exposed data of nearly 10m Australians.

October 10, 2022

PSD3: Bank-Like Prudential Requirements For PSPs Risk Innovation

The European Banking Authority has suggested bringing prudential requirements, such as capital requirements related to credit and liquidity buffers, under rules that ape EU’s banking rules. Experts mull the implications to risk, competition and innovation.