Insights Archive

March 7, 2024

Daily Dash: Volt Secures UK E-Money Institution Licence From FCA

Volt has added a new UK licence to its existing permissions in Poland and Australia, and Singapore has launched an investigation into Samlit Moneychanger, suspecting it of operating a fraudulent remittance business.

March 7, 2024

U.S. Regulators Support Ban On College Player-Specific Prop Bets

Maryland has become the latest state to ban player-specific prop bets involving college games, a move that regulators in various states believe is necessary to protect college athletes from threats and social media harassment.

March 7, 2024

Australia Launches AML Enforcement Probe Into bet365

Australian financial intelligence agency and anti-money laundering (AML) enforcer AUSTRAC has launched an “enforcement investigation” into the Australian arm of bet365 after reviewing an external audit into the British online gambling giant.

March 7, 2024

Questions Linger Over Sweepstakes Casino Regulatory Backlash

After regulators throughout the U.S. cracked down on pick'em-style fantasy sports due to their similarities to sports betting offerings, many have wondered if sweepstakes-based online casino games could face similar scrutiny in 2024 and beyond.

March 6, 2024

U.S. Online Operators Dealing With Increased Fraud

Online gambling in its various forms has exploded in popularity in the U.S. since the coronavirus pandemic, but lawyers and regulators warn that along with that growth has come an increase in criminal and fraudulent activity.

March 6, 2024

Group Calls For Charity Commission Probe Of UK's GambleAware

The Good Law Project, a non-profit-group, has filed a complaint with the Charity Commission claiming UK industry-funded GambleAware is “propping up an industry that preys on the public”.

March 6, 2024

Brazil Leads The World In Suspicious Betting Events

Brazil had the ignominious honour of having the most cases of suspicious matches in the world in 2023, according to data collected by Sportradar Integrity Services.

March 6, 2024

EGBA Says EU Digital ID Will Provide Players Security

The European Betting and Gaming Association (EGBA) has welcomed the European Parliament’s approval of a new EU digital identity, predicting it will provide players with a secure, trustworthy and singular option to confirm their identity in the EU.

March 6, 2024

Apple Verdict A Win For Spotify, But Still Too Early To Celebrate, Says CEO

The CEO of Spotify has welcomed the company’s antitrust victory over Apple, but has warned that EU regulators must do more to ensure that net neutrality is delivered both on paper and in practice.

March 6, 2024

Paytm Hit By AML Fine As Regulators Foil Foreign Illegal Gambling Operation

An Indian financial regulator has issued a major fine to Paytm Payments Bank for its failure to detect an illegal gambling and money laundering operation with connections to a foreign state.

March 6, 2024

Daily Dash: New Powers For UK's Companies House To Tackle Fraud Go Live

Companies House has welcomed new powers that will allow it to tackle fraud and remove inaccurate information from the register, and J.P. Morgan has become a principal member of France’s largest payment network.

March 6, 2024

888 Reviews US B2C Operations, Citing 'Intense Competition'

888 has said that it will hold a strategic review of its US consumer-facing operations, as it considers options including a sale or “controlled exit”, citing “intense competition from well-capitalised incumbent participants”.

March 6, 2024

Italian Communications Authority Fines Google €450,000

The Italian Communications Authority (AGCOM) has imposed a fine of €450,000 on technology giant Google for violations of the "Dignity Decree”, which prohibits all forms of gambling advertising.

March 6, 2024

Alabama Senate Committee Approves Stripped-Down Gaming Bill

An Alabama Senate committee overhauled a comprehensive gaming bill Tuesday night, removing provisions that would permit sports betting in the state, as well as create seven new commercial casino licenses.

March 5, 2024

U.S. Regulators Report Mixed Success In Tackling Grey Market

The U.S. gaming industry continues to face competition from unregulated skill-game machines and sweepstakes casinos, but what tackling the grey market involves differs from regulator to regulator.

March 5, 2024

Dutch Minister Outlines Plans To Tackle 'Worrying' Player Protection Developments

The Netherlands plans to have a new centre for experts on gambling addiction operating within the first half of 2024 in response to “worrying and undesirable” player protection developments, according to a letter written by the minister for legal protection, Franc Weerwind.

March 5, 2024

SaaS Firms Step Up Embedded Payments Offerings

The growing adoption of new applications in open banking, digital wallets and mobile commerce is building momentum for embedded payments — the integration of payment processing capabilities directly into non-payment apps.

March 5, 2024

UK Home Office Launches 'Biggest Crackdown' On Money Mules

The UK Home Office has unveiled a 22-point plan to fight money mules and financial exploitation, focused on disrupting the flow of illicit funds through bank and crypto exchange accounts.

March 5, 2024

Daily Dash: European Commission Fines Apple €1.8bn For Abusing App Store Dominance

Apple has been hit by a €1.8bn fine for violating the EU’s anti-steering provisions, and IDEX is preparing to launch a new biometric card in the UK for the visually- and memory-impaired.

March 5, 2024

India Financial Enforcer Fines Paytm Over Online Gambling

India’s government agencies are coordinating to punish online gambling-linked financial channels, with one regulator fining fintech giant Paytm more than $660,000 for breaching anti-money laundering legislation and rules, and another freezing bank accounts tied to Chinese apps.

March 4, 2024

Virginia Approves Legislation To Regulate Skill-Game Machines

After what was expected to be a contentious process, Virginia lawmakers were instead able to quickly reach a compromise allowing members of both chambers of the General Assembly to approve a consensus bill repealing the state’s ban on skill-game devices.