Insights Archive

February 3, 2023

Bombshell Kenya Rulings Remove Excise Tax, Nairobi Restrictions

Kenya’s High Court will force the removal of a controversial 7.5 percent excise duty tax on gambling activities and has declared the capital Nairobi's gambling law void in two landmark decisions delivered on the same day.

February 3, 2023

News In Brief: January 30-February 3, 2023

A Dutch illegal online casino owes tens of millions to the state, a sports-betting bill makes unprecedented progress in Missouri and Aruze moves to restructure its US business.

February 2, 2023

’Lack Of Vision’ Holding Back Open Banking

Charlotte Crosswell sets out her recommendations for how the UK should move forward on open banking after stepping down as trustee of Open Banking Limited and chair of the Open Banking Implementation Entity.

February 2, 2023

UK Treasury Seeks Comment On Proposed Framework For Crypto-Asset Regulation

HM Treasury has published a new consultation paper that sets out the UK government’s proposals for crypto-asset regulation and has asked for feedback from industry by the end of April.

February 2, 2023

North Carolina Tribal Casino's Plight Could Impact U.S. Presidential Race

A South Carolina tribe that owns a casino in North Carolina is appealing a “Notice of Violation” issued by the federal agency regulating Indian gaming, and the dispute might spill over into the 2024 U.S. presidential campaign.

February 2, 2023

India Budget Introduces Online Game Tax, Delighting Industry

New provisions in India’s budget for 2023 have brought online gaming in from the cold, codifying tax rates for winnings from online and offline games and streamlining their collection.

February 2, 2023

Maltese Regulator Outlines Distributed Ledger Policy, European Markers Of Harm Support

The Malta Gaming Authority has said it fully supports developing standardised European markers of harm and that the publication of its distributed ledger policy indicates a “natural progression” of its position on crypto.

February 2, 2023

Georgia Senators Introduce Legislation To Legalize Sports Betting

A bipartisan group of Georgia legislators has introduced a bill that would legalize sports betting without a state constitutional amendment, setting the stage for a legislative battle this year.

February 2, 2023

Personnel Moves - January 2023

The chief executive of 888 has exited the company, MGM boss Hornbuckle retains federal advisor role, Australia's BetMakers shuffles executives and new Brazilian President Lula appoints key ministers.

February 1, 2023

Brazil And Argentina In Talks Over New LatAm Common Currency

The Presidents of Brazil and Argentina have announced plans to build a common currency for Latin America to enhance cross-border trade and curtail dependency on the dollar.

February 1, 2023

Please, EBA, May I Have Some More: New SCA Clarifications Added

The European Banking Authority (EBA) has published a new set of Q&As just days after a previous release clarifying the application of strong customer authentication (SCA) requirements for use with digital wallets.

February 1, 2023

Even Tech-Savvy Netherlands Struggles To Adapt To Digitisation

Considered one of Europe’s leading and innovative payments markets, new research conducted by De Nederlandsche Bank reveals that millions of Dutch citizens are struggling to get to grips with digital payments.

February 1, 2023

Maine Broadcasters, Tribes Oppose Restrictions On Sports-Betting Advertising

Maine’s recently released draft sports-betting regulations have caused television stations and gaming tribes to push back on proposed strict limits on ads outside live sporting events and bans on advertising of promotions and bonuses.

February 1, 2023

Sports Betting Reigns In China In 2022 Amid World Cup Boost

Sports betting has surpassed lotto products as the most lucrative Chinese lottery segment on an annual basis for the first time, boosted by the 2022 FIFA World Cup and a likely surge in sales following the end of pandemic lockdowns.

February 1, 2023

European Commission Receives Sweden Payment Blocking Proposal

The Swedish government is looking to simplify existing gambling payment-blocking rules in a bid to strengthen controls to prevent consumers from playing with unlicensed operators online.

February 1, 2023

London May Lose ICE Conference From 2025

Clarion Gaming has announced a short list of cities as potential future sites for the ICE gambling conference from 2025, a step which could lead to it being moved from its London home after decades in residence.

February 1, 2023

FanDuel, DraftKings Push For New York Tax Reduction

Top executives for New York’s two highest-grossing online sportsbook operators made their case Tuesday to New York legislators that the state’s 51 percent tax rate is unsustainable.

February 1, 2023

Swedish Keno, Lotto Draws Are Ads, Says Broadcast Committee

The Swedish review committee for radio and television has deemed TV4's broadcasts of the Keno and Lotto draws, operated by state-owned Svenska Spel, to be advertising.

January 31, 2023

US Fed Rejects Crypto Bank’s Application After Two-Year Wait

The US Federal Reserve Board has denied an application from Custodia Bank, a major digital asset bank, to become a member of the Federal Reserve System, citing “safety and soundness” risks.

January 31, 2023

FCA Data Shows 85 Percent Of Attempted Crypto Registrations Fail

The UK Financial Conduct Authority (FCA) has published new data showing that the vast majority of registration applications by crypto firms are either refused, withdrawn or rejected.

January 31, 2023

EBA Answers Further SCA Queries

The European Banking Authority (EBA) has published answers to four further questions regarding strong customer authentication (SCA) requirements.