Insights Archive

March 9, 2023

News In Brief: March 6-March 10, 2023

Veikkaus has just over 50 percent of the Finnish online market, a California cardroom bill makes progress, PAGCOR cancels its controversial audit contract and Argentina's Córdoba province moves forward with licensing finally.

March 8, 2023

Happy International Women’s Day! But More To Do As EBA Warns Representation Still Not Good Enough

Ahead of international women’s day, the European Banking Authority published new data on gender diversity. It finds that, despite improvements, there is still a big imbalance in how men and women are represented at the managerial level at financial services firms.

March 8, 2023

Impact Index February 2023

VIXIO’s impact index rose 23 points in February, a significant increase from January’s low but below the same period last year.

March 8, 2023

’A Relic Of The Past’: Payments Insiders Want Movement On Settlement Finality Directive

The UK and Switzerland have opened up access to key payment systems to non-banks, but Brussels continues to drag its heels and time is beginning to run out for the current European Commission.

March 8, 2023

White House Backs Development Of Digital ID Ecosystem

In its new cybersecurity strategy, the White House says a digital identity ecosystem could bring new opportunities for digital contracts and payment systems to the United States.

March 8, 2023

Chief Lobbying Arm For U.S. Casinos Stuck In Middle On Tribal Regulations

A top lobbyist for the American Gaming Association on Tuesday said it does not have a position on “vexing” proposed regulations that would broaden the authority of the federal government to take land into trust for tribes hoping to build casinos.

March 8, 2023

Tabcorp CEO Pivots On Regulator Reform

The chief executive of Australian wagering giant Tabcorp Holdings has softened his call for a national online sports-betting regulator, suggesting an industry-backed agreement across eight states and territories is more practical than a new federal agency.

March 8, 2023

DCMS Finally Confirms New UK Gambling Minister

The Department for Culture, Media & Sport has confirmed that MP Stuart Andrew is the new government minister overseeing UK gambling policy, as the industry continues its long wait for the Gambling Act review white paper.

March 8, 2023

Brazil Betting Integrity Association Launches As Regulation Draws Near

A group of betting and fantasy sports companies is set to launch Brazil’s first sports integrity association, in a move that comes as the government prepares to establish a regulatory regime for online betting and lawmakers prepare to probe a recent match-fixing scandal.

March 8, 2023

Gaming Industry Makes Pitch For Online Casino In New York

New York state legislators said Tuesday that in order for online casino legislation to be considered this year, it will have to be included in one of the legislature’s one-house budget proposals to be finalized this week.

March 8, 2023

Mexico's Supreme Court Rules In Favour Of 'Double Taxation'

“My first reaction when I saw the news was ‘this sets bad precedent’,” Alfredo Lazcano, gaming lawyer and founder of Lazcano Sámano, said of the Mexican Supreme Court's decision to allow for double taxation of gambling winnings last week.

March 8, 2023

Malta's N1 Interactive Will Fight €12m Dutch Fine

The target of the Netherlands' largest ever gambling fine has said it rejects the accusations and is launching a legal challenge.

March 8, 2023

Dutch Regulator To Extend Duty Of Care Review

The Netherlands Gambling Authority has said it will extend its review into a requirement that licensees exercise a “duty of care” toward players because it has uncovered “new, in-depth questions” about what this looks like in practice.

March 7, 2023

UK MPs Tell Regulators To ’Get Their Skates On’ Over Fraud Reimbursement Rules

Without further action, the current proposal on how UK victims of authorised push payment fraud get reimbursed is "half-baked”, according to the Treasury Committee.

March 7, 2023

Italian Firms Flock To Open Banking, But Customers Yet To Join

The Bank of Italia has published new data showing a rapid increase in the number of third-party providers participating in open banking, but interest from customers remains elusive.

March 7, 2023

Georgia Sports Betting Hopes Fade Away For 2023

The lights have once again gone out for sports betting in Georgia, as legislation failed in both chambers of the state legislature on Monday, ahead of a key deadline for bills to move forward.

March 7, 2023

Flutter Faces $4m SEC Settlement Over PokerStars’ Russian Activities

Flutter Entertainment has agreed to pay $4m to settle allegations that payments made by PokerStars to Russia-based consultants violated federal anti-bribery laws, according to a U.S. Securities and Exchange Commission (SEC) settlement published on Monday.

March 7, 2023

Ladbrokes Fined In Northern Territory Amid Push For Tough Changes

Entain-controlled bookmaker Ladbrokes has been slapped with three maximum penalties in Australia’s Northern Territory, but the nominal size of the fines reinforces the need for reform, the territory’s regulator says.

March 7, 2023

New York Times Series Haunts Industry In Ongoing Advertising Debate

It has become almost a mantra among U.S. gaming officials to disparage the New York Times series from last November which criticizes the sports-betting industry, but the Empire State’s top gaming regulator on Monday acknowledged the articles' influence on new proposals that would restrict advertising.

March 7, 2023

Austrian Loot Box Ruling Adds To Gambling Loss Recovery Saga

An Austrian court has declared that loot boxes are a form of gambling that requires a licence, in a non-legally binding decision that could cost video game companies millions.

March 7, 2023

Problem Gambling Funding Bills Face Difficult Legislative Process

Following the rapid expansion of sports betting and online gaming in the U.S. over the last five years, lawmakers in several states have introduced bills during the 2023 legislative sessions that are designed to increase awareness as well as funding for problem gambling prevention and treatment services.