Insights Archive

April 5, 2022

Ontario Ends Grey-Market Status With Historic Online Gaming Launch

A new era of online gaming in Canada officially launched on Monday as 13 approved operators went live in Ontario with regulated sports betting and online casino offerings.

April 5, 2022

Greek Watchdog Backs Online Casino Boost

Revenues for Greece's thriving online market passed €700m for the first time in 2021, as the gambling regulator recommended to government that a hike in the maximum online casino stake would benefit the market still further.

April 5, 2022

Swedish Treasury Targets Black Market, Duty Of Care

Sweden’s State Treasury has called for more action against unlicensed operators and for consumer protection measures to be bolstered.

April 4, 2022

G7 Nations Need Common Crypto Regulations, Says Bank Of Japan Official

Stablecoins are in the crosshairs as policymakers focus on sanctions busters, while Japan’s central bank digital currency study forges ahead.

April 4, 2022

Malaysia Unveils Plans To Study CBDCs, Rejects Proposal To Make Bitcoin Legal Tender

Malaysia’s central bank has published a new report outlining plans to study both wholesale and retail central bank digital currencies (CBDCs) for a range of use cases, while debate rages over digital assets.

April 4, 2022

Crypto Players Express Disappointment Following Brussels’ Travel Rule Vote

New transfer rules have been voted through by members of the European Parliament (MEPs), igniting frustration among the crypto industry who feel like they are being unnecessarily targeted.

April 4, 2022

Crypto Mining Investment Shows Bitcoin’s Potential Green Future

Despite a widespread assumption that Bitcoin mining is bad for the environment, there are many factors that could one day lead it to be encouraged rather than denounced by regulators.

April 4, 2022

UK’s Rapid Scam Response Scheme Prevents Over £200m In Attempted Fraud

UK Finance has said that its Banking Protocol rapid scam response scheme has prevented tens of thousands of people from becoming victims of fraud since 2016.

April 4, 2022

Is Your Compliance Team Ready To Deal With ’Blitz-Scaling’?

As the UK fintech space continues to expand at lightspeed rates, compliance teams have often struggled in the background to keep up with the pace of change. With the promise of a more agile Financial Conduct Authority and the nascent digital currency space, compliance teams are facing a number of challenges.

April 4, 2022

Louisiana Takes Spotlight For March Madness Betting Finale

If Kansas wins Monday’s National Collegiate Athletic Association men’s college basketball championship game against North Carolina, a furniture store owner in Houston, Texas, will win at least $6.27m from online wagers he made in Louisiana.

April 4, 2022

Camelot To Fight For Lost Lottery Licence In Court

Camelot has launched a legal appeal against the Gambling Commission’s decision to award the UK National Lottery tender to Allwyn.

April 4, 2022

Ukraine's Regulator Makes Controversial Return

Ukraine’s gambling regulator has said it has resumed operations and will focus on supervising online operators, in part because much of the nation’s land-based industry has been literally destroyed.

April 4, 2022

Kansas House Approves Sports-Betting Bill, Senate Defers

Following a whirlwind day that included multiple conference committee meetings and a contentious but favorable House vote as Friday night became Saturday morning, Kansas sports-betting legislation remains unresolved following a key legislative deadline.

April 1, 2022

Crypto Cloud Looms For MEPs As Panetta Turns Up To Talk CBDC

While the European Central Bank’s digital euro chief was keen to talk about the project, lawmakers from Brussels’ left and right factions were more interested in knowing how a CBDC would correspond with the widespread acceleration in adoption of crypto.

April 1, 2022

PSR Hints At Scheme And Cross-Border Card Fee Reform

In correspondence with the Treasury Select Committee, the Payment Systems Regulator (PSR) has said that it is in the "early stage" of its thinking with the Interchange Fee Regulation reform as it focuses on identifying harms caused by scheme and cross-border interchange fees.

April 1, 2022

Update: Wyoming Drops State-Backed Stablecoin Plans, For Now

Governor Mark Gordon has vetoed a Wyoming bill that would have created a state-backed stablecoin, cautioning that the state’s reputation is at stake.

April 1, 2022

News In Brief: March 28-April 1, 2022

Visa launches new a accelerator programme to help creative talent working with NFTs grow their business and Swedish firm Klarna launches a new brand focused on open banking.

April 1, 2022

Inquiry Hears Star Entertainment Failed To Probe VIP Cash

High-roller and alleged Chinese agent of influence Huang Xiangmo bought A$1.7bn ($1.3bn) in chips from The Star casino in Sydney over five years using different names and passport details, but casino officers did not probe the source of his money.

April 1, 2022

Internet Gambling, Sports Betting Helped Save Atlantic City's Colossal Casino Flop

With a giant white sphere nicknamed “Pearl” on its roof, the Atlantic City casino that opened as Revel and is now known as Ocean Casino Resort will celebrate its tenth anniversary on Saturday after being saved by the success of internet gambling in New Jersey.

April 1, 2022

News In Brief: March 28-April 1, 2022

Sweden to update self-exclusion, Minnesota sports-betting bill makes progress and Nevada court to reassess Steve Wynn sexual assault ruling.

April 1, 2022

Personnel Moves - March 2022

Former MGA staffer Yanica Sant joins William Hill, Trinidad and Tobago appoints its first regulators and Malawi appoints a new gaming board head.