Insights Archive

June 24, 2022

Kyrgyzstan To End Gambling Ban With New Casinos

A draft law legalising tourist casinos is on the verge of being approved in Kyrgyzstan, ending a ban on gambling that has been in place since 2012.

June 24, 2022

Tipwin Reported To Danish Police Over AML Failings

The Danish Gambling Authority (Spillemyndigheden) has reported Malta-based operator Tipwin to the police for allegedly neglecting its anti-money laundering (AML) obligations.

June 24, 2022

Nevada Fines Station Casinos For Sports-Betting Violations

Station Casinos will pay an $80,000 fine to Nevada gaming regulators to settle a two-count complaint over issues with the company’s sports wagering system that allowed the operator to accept online and mobile wagers on sporting events after they concluded.

June 24, 2022

Gibraltar Officials Vow To Get Off Greylist In A Year

Gibraltar officials have vowed to reverse the “disappointing surprise” of being relegated to the Financial Action Task Force's (FATF) greylist within 12 months.

June 24, 2022

A Future Gamble: How Artificial Intelligence Can Protect Players

Trade group European Lotteries held an event on Wednesday in Brussels to discuss ushering lotteries into the digital age, with the potential use of Artificial Intelligence (AI) as a means to protect players a highlight of the discussion.

June 24, 2022

News In Brief: June 20-June 24, 2022

The lawyer who wrote a damning Wire Act opinion that nearly sunk the US online gambling market has appeared as a witness in hearings in the 2020 Trump election debacle.

June 23, 2022

UK Government Commits To SME-Friendly Data Protection Reforms

Despite a desire from the UK government to reduce compliance for businesses, there has been pushback from respondents over a number of issues.

June 23, 2022

Jump In Suspicious Reporting In Malta Following FATF Greylisting

The number of suspicious reports and intelligence reports at Malta’s Financial Intelligence Analysis Unit shot up in 2021.

June 23, 2022

Dutch Finance Minister Outlines PSD2 Evaluation To Parliament

The Netherlands’ government has shared its wishlist for improvements to the revised Payment Services Directive (PSD2), pointing to setbacks with application programme interfaces (APIs) and data protection issues as priorities.

June 23, 2022

BIS: Crypto Has No Place In Future Monetary System, It’s All About CBDC

A new report from the Bank for International Settlements (BIS) has said that central bank digital currencies (CBDCs), not crypto, will be the foundation of the future monetary system.

June 23, 2022

Fintechs Push Agenda As Colombians Elect Petro As First Leftist President

Following the election of Colombia's first left-wing President, Gustavo Petro, Colombian firms are worried about what this means for the emerging fintech landscape. Meanwhile, Colombia Fintech is pushing for a comprehensive cryptocurrency framework and a gradual open banking regime.

June 23, 2022

EDPS Calls For Pan-European Enforcement Of Data Protection Rights

The European Data Protection Supervisor (EDPS) has said it is high time to deliver on the promise of the General Data Protection Regulation (GDPR) and that it requires a pan-European enforcement model.

June 23, 2022

’Shame On Us’: Payments Experts Reflect On UK’s Fraudemic

UK payments players cannot wait for regulation to improve the country’s fraud problems, insiders have agreed.

June 23, 2022

Duty Of Care, Stake Limits Among Belgian Regulator's Blueprint For Change

Belgian gambling regulators have given the government a blueprint to improve the country’s gambling regulation, including limits on player deposits and stakes.

June 23, 2022

Kindred Subsidiary Defiant After Norwegian Court Loss

Norway’s Oslo District Court has ruled against a subsidiary of the Kindred Group in its bid to defy the regulator and offer its gambling services in the country.

June 23, 2022

Military Deal Boosts Myanmar Border Casino Operations

A project city on the Myanmar-Thailand border with likely significant online and land-based casino gambling interests appears to be booming, after the regional militia secured junta approval in exchange for frontline soldiers.

June 23, 2022

U.S. Gambling Statutes Inspire Fear And Loathing But No Lobbying

Antiquated gambling laws loom as potential roadblocks to the industry’s future progress, but there is little, if any, interest in lobbying Congress to update federal gaming regulations.

June 23, 2022

North Carolina Sports-Betting Legislation Goes South

Mobile sports-betting legislation in North Carolina went from the fast track toward passage to all but dead Wednesday following an unfavorable vote on one of the two proposed bills.

June 22, 2022

Irish Central Bank Makes IBAN Discrimination Intervention

Europe’s IBAN problems appear to have not been helped by awareness campaigns, as the Central Bank of Ireland calls for assurance from the financial services industry that they are compliant with the rules.

June 22, 2022

PSR Launches Long-Awaited Card Fee Reviews

Scheme and processing fees, as well as cross-border interchange, are top of the agenda for the Payment Systems Regulator (PSR) as it launches two market reviews into debit and credit card payments in the UK.

June 22, 2022

Crypto Investors Ponder Redress Mechanisms As Celsius’ Doors Stay Shut

It has been more than a week since Celsius shut its doors to withdrawals, but still no time has been given for when customers will be able to get their money back, if ever.