Insights Archive

July 4, 2022

Personnel Moves - June 2022

The newly-active German regulator makes a key appointment, Nevada authority appoints new officials, Star Entertainment gets new CEO amid hearings fallout and Chilean trade group appoints an interim boss.

July 1, 2022

EU Leaders Reach Partial Position On New AML Watchdog

The European Council wants to expand the powers of the EU’s planned new anti-money laundering authority, but a row over where it should be based has prevented the Council from agreeing fully with the European Commission’s proposals.

July 1, 2022

Week In Crypto: SEC Says No To Bitcoin ETF, 3AC Ordered To Liquidate

US regulators have rejected an application for a bitcoin exchange-traded fund (ETF), while crypto hedge fund Three Arrows Capital (3AC) has received a court order to liquidate.

July 1, 2022

Europe’s Environmental Crime Problem

Crimes against the environment are increasingly drawing attention, as climate change has become crucial on the agenda of policymakers, yet Europol suggests the outlook remains bleak when tackling issues such as waste management and wildlife trafficking.

July 1, 2022

US Immigrants Struggling To Get Fair Financial Services

The Consumer Financial Protection Bureau is looking at a number of issues that more than 44m US immigrants face when they try to access financial services.

July 1, 2022

Crypto A Go In Two U.S. Sports-Betting States, But Others Staying On Sidelines

While deposits converted from cryptocurrencies were recently approved for online sports betting in Colorado and Virginia, New Jersey’s chief regulator has no plans to follow suit and continues to advise caution on the intersection between crypto and gaming in the U.S. market.

July 1, 2022

UK White Paper Contents 'Only Rumours', Say Industry Figures

Gambling industry executives are sceptical of news reports claiming the contents of the much-anticipated UK Gambling Act review white paper have already been finalised.

July 1, 2022

Peruvian Officials Meet With Mental Health Experts As Legislation Advances

Plans to legislate sports betting and online gambling in Peru have edged forward with a government meeting to discuss protecting minors and gambling addicts, but the industry remains frustrated with elements of the planned consensus bill.

July 1, 2022

German States Take Hard-Line Stance On Slots, Poker Licensing

Germany’s Gambling Committee, a group of 16 state regulators, has said it believes a transitional arrangement on virtual slots and poker has been dead for a year, and anyone offering such games without a licence can be considered “unreliable”.

July 1, 2022

Ontario Regulator Fines DraftKings Canada For Advertising Violations

Ontario regulators have dropped their most severe fine to date for violations of the province’s prohibition on inducements in gambling advertising, slapping DraftKings Canada with a C$100,000 fine.

July 1, 2022

News In Brief: June 27-July 1, 2022

Norway's offshore ad row is headed for dispute board, Light & Wonder lowers OpenBet price and Thailand could open five new integrated resorts.

June 30, 2022

No End In Sight For UK’s Bleak Fraud Results

More than £1.3bn was stolen by criminals through authorised and unauthorised fraud in 2021, according to UK Finance’s latest report.

June 30, 2022

Dubai Islamic Bank Joins Buna Cross-Border Payment Platform

Dubai Islamic Bank has become the first Islamic bank to join the Buna cross-border payment platform as part of its digital transformation strategy.

June 30, 2022

PSR Sets Out Provisional UK Card Acquiring Remedies

The Payment Systems Regulator (PSR) has published its provisional decision on remedies for the UK card-acquiring market review, following an initial consultation earlier this year.

June 30, 2022

US Agency Sues Walmart For Turning ’Blind Eye’ To Fraud

The Federal Trade Commission alleges Walmart allowed fraudsters to use its money transfer services, causing losses of hundreds of millions of dollars to its consumers.

June 30, 2022

Brazil Wants 'Liberal', 'US Style' Sports-Betting Rules, Says Minister

Brazil’s secretary of competition has said the country is seeking an “American model” of sports-betting regulation, but could offer no clues on a timeline for the stalled implementation decree.

June 30, 2022

National Football League Hires First Executive Dedicated To Sports Betting

The partnership between professional sports leagues and the sports-betting industry took another big step this week with the National Football League’s (NFL) appointment of an executive to oversee wagers on games.

June 30, 2022

Romanian Industry Fights Government Plans To Supersize Winnings Tax

The Romanian gambling industry is scrambling to water down government plans to introduce a 40 percent winnings tax on players.

June 30, 2022

Battle Of California Sports-Betting Initiatives Set To Be Most Expensive Ever

In a decision that could have an impact on their relationships with other tribal communities in California, two Native American tribes have announced their support for a newly qualified ballot measure to allow mobile sports betting state-wide, instead of a separate retail-only wagering initiative backed by other tribes.

June 30, 2022

Judge Lifts UK National Lottery Stay, Battle Shifts To Damages

A High Court judge has lifted a stay on the transition of the UK’s National Lottery franchise from Camelot Group to Allwyn Entertainment, a move which will allow Allwyn to begin preparing to take over one of the world’s largest lotteries.

June 29, 2022

Moscow Metro Pilots Homegrown Faster Payments, As Russia Eyes Payment Alliance

Authorities in Moscow have launched two pilot projects using Russia’s homegrown Faster Payments System (SBP), while President Putin sets his sights on an anti-sanctions alliance among non-aligned countries.