Insights Archive

April 27, 2022

Comparing European Problem Gambling Rates Difficult, Says Study

“Highly diverse” methods of recording problem gambling in Europe make it difficult for any valuable cross-country comparisons to be made, according to a study written for the European Gaming and Betting Association.

April 26, 2022

Swedish Watchdog Investigates Klarna, Loomis Over Money Laundering Concerns

The payment service providers (PSPs) are being investigated by Sweden’s Finansinspektionen over how they operate their money laundering systems, following investigations earlier this year into other PSPs.

April 26, 2022

Several Major Economies Launch New Cross-Border Privacy Agreement

Jurisdictions including the US, Japan and Singapore have established a cross-border forum to promote collaboration in data privacy.

April 26, 2022

Nothing Stopping Crypto Payments From Going Mainstream, Says Morgan Stanley

A new report from US bank Morgan Stanley has spoken of a world in which bitcoin payments are so convenient that we will use them to pay for coffee.

April 26, 2022

Massachusetts Senate Seeks 'Whistle-To-Whistle' Ban On Sports-Betting Ads

A closely watched sports-betting bill in Massachusetts has been amended and approved by a key Senate committee, with new provisions added to prohibit any advertising around televised sporting events.

April 26, 2022

Trio Of U.S. Court Decisions Could Change Face Of Indian Gaming

Upcoming rulings in three Indian gaming cases could have a historic impact on the future of not only tribal but commercial gambling operations across the United States.

April 26, 2022

Kenya, Ghana, Uganda Attempting To Increase Gambling Tax Take

As governments across Africa seek to recover from the financial impact of COVID-19 restrictions, gambling finds itself in the crosshairs of several budget and financial proposals.

April 26, 2022

Alleged Online Poker Operators In Australia Face Huge Fines

Australia’s national online gambling regulator has launched a civil lawsuit against two men and a company in Queensland state for providing online poker services in Australia, with potential fines running into the millions of dollars.

April 26, 2022

Smaller Tribal Operators Must Play To Strengths To Maximize Sports-Betting Opportunity

While sports betting in the U.S. to date has been dominated by major players such as FanDuel, DraftKings and BetMGM, dozens of operators including domestic and internationally-based commercial operators and local tribal casinos are looking for ways to stand out from the crowd.

April 25, 2022

Bahamas Sets Sights On Becoming Crypto Hub

The government of the Bahamas, home of the Sand Dollar, has published a white paper detailing its digital asset strategy up to 2026, including information on how citizens can pay tax with digital assets.

April 25, 2022

Challenger Banks Failing To Tackle Financial Crime, FCA Says

A review carried out by the UK’s Financial Conduct Authority (FCA) has called out challenger banks for not properly assessing financial crime risk, as well as failing to carry out adequate due diligence on customers.

April 25, 2022

US Crypto Bank Settles AML Case

Anchorage, the first federally chartered crypto bank, has settled a case that alleges the company does not have an adequate anti-money laundering (AML) programme in place.

April 25, 2022

CFPB Sues MoneyGram Over Remittance Rule Violations

Just a week after instigating a lawsuit against TransUnion, the US consumer watchdog is now going after MoneyGram, another large firm it sees as a repeat offender.

April 25, 2022

Rework Laws To Reduce Loot Box Harms, Say Researchers

The drive to prevent harm caused by loot boxes would benefit from clearer legislation and enforcement, according to new research published in the Journal of Behavioral Addictions, which also suggests safer gambling tools can protect consumers.

April 25, 2022

Meghalaya Confirms Gaming Ban For Locals Despite Liberal Turn

A Meghalaya government minister has told national media that only visitors to the northeastern Indian state will be allowed to gamble online or in land-based facilities, confirming a regulatory exception for locals quietly released late last year.

April 25, 2022

Missouri Sports-Betting Bill Returned To Senate Committee

A bill to legalize sports betting in Missouri has been referred back to a committee for review after it had been placed on the Senate calendar for a final reading and possible passage.

April 22, 2022

Fewer Rules, More Costs? PRA Outline Priorities

Smaller banks are set to offer cheaper mortgages as the Bank of England’s Prudential Regulation Authority (PRA) commits to easing rules following the UK's withdrawal from the EU.

April 22, 2022

PIX Scam May Lead to 12 Years’ Imprisonment

A new Brazilian bill would tighten penalties for social media scams, embezzlement and extortion involving PIX or WhatsApp.

April 22, 2022

APP Fraud Continues To Keep Banks Up At Night

TSB, one of the UK’s largest challenger banks, has put out an “urgent warning” about impersonation fraud in the UK, stating that it has accounted for one-third of fraud cases since the start of the year, and over a half of total losses (55 percent).

April 22, 2022

Royal Stamp Of Approval For CBDCs In New BIS Op-Ed

Queen Máxima of the Netherlands, who serves as the United Nations Secretary-General's Special Advocate for Inclusive Finance for Development, has joined the Bank for International Settlements (BIS) chief in endorsing the potential for central bank digital currencies (CBDCs).

April 22, 2022

The Year Of Losing Heavily: Taiwan’s Digital Bank Pioneers Count The Cost In Annual Results

Taiwan’s first two digital banking entrants have just completed their first year in business, with strong customer growth coming at the expense of profits.