Insights Archive

January 31, 2023

US Agency Launches Credit Cards Market Review

The Consumer Financial Protection Bureau has launched a public consultation as part of its biennial look into how well the country’s consumer credit card market is functioning.

January 31, 2023

Chile's Online Operators Ask For Tax Break

The Economy Commission in Chile's Chamber of Deputies has continued to receive testimony from gambling industry experts as lawmakers evaluate a bill that would regulate and legalise online gambling.

January 31, 2023

Massachusetts Casinos Set To Launch Retail Sports Betting

The first legal sports bets are set to be accepted in Massachusetts on Tuesday, but one of the most hotly debated issues in the state remains undecided by state regulators as they enter a new phase of the sports-betting conversation.

January 31, 2023

ClubsNSW CEO Sacked Over 'Catholic Gut' Jibe At Premier

The CEO of ClubsNSW, Australia’s most formidable gambling lobby, has been sacked after criticising the “Catholic gut” of the New South Wales (NSW) state premier regarding cashless gambling reform.

January 31, 2023

Hawaii Lawmaker Calls For Ban On Nevada Casino Advertising

A Hawaiian lawmaker is proposing a ban on Nevada casino companies advertising in the state, arguing that Hawaii carries an economic burden due to problem gambling as residents make hundreds of thousands of trips annually to gamble in Las Vegas.

January 31, 2023

Liechtenstein Votes Against Casino Ban

Voters in Liechtenstein have overwhelmingly rejected a proposed ban on casinos in a referendum on Sunday, according to election data published by the government.

January 30, 2023

UPDATE: Google India Will Open Up In-App Payments Market, But Its Appeal Goes On

Google India has informed the country’s competition watchdog that it will make changes to its in-app payments policies as instructed, but will continue to appeal against other regulatory directives.

January 30, 2023

Fintech Spat: Wise Reported To CMA For Unfair Practices

Atlantic Money, a start-up money transfer firm, has filed a complaint with the UK’s antitrust watchdog over what it believes are anti-competitive practices by its larger competitor.

January 30, 2023

Fintechs Ask For Screen-Scraping In US Open Banking Framework

The Financial Technology Association has asked the Consumer Financial Protection Bureau to allow the use of screen-scraping, in addition to secure APIs, when it crafts the country’s open banking rules.

January 30, 2023

Markets Pin Hope On 2023 For Open Banking Success

There is optimism among payments players that this year will deliver innovation for the open banking ecosystem, with variable recurring payments at the top of the list.

January 30, 2023

Some 888 Middle East VIP Activities Suspended As CEO Quits

Online gambling operator 888 Holdings has suspended VIP activities in a small selection of its online markets and announced the immediate change of its CEO.

January 30, 2023

New Jersey Slow To Respond To New York City Casinos

The process of bidding for three casino licenses in the New York City area is moving forward, but the same cannot be said for a potential counteroffensive on the west side of the Hudson River in northern New Jersey.

January 30, 2023

Gambling Ad Exposure Linked To Participation, UK Review Says

There is evidence that more advertising exposure increases gambling participation and leads to greater risk of harm, according to a new piece of research.

January 30, 2023

California Regulators Propose New Advertising Rules

After finding numerous examples of advertisements from cardrooms and third-party providers that fail to include responsible gambling information, the California Gambling Control Commission has proposed regulations to ensure the messages are included in every industry ad.

January 27, 2023

Daily Dash: Saudi CBDC Plans Advance

Saudi Arabia has progressed to a new stage in its digital currency project, while Commerzbank has confirmed it is suing EY over losses related to the Wirecard scandal.

January 27, 2023

Week In Crypto: Binance Banking Partner Restricts Withdrawals, Coinbase Hit By Dutch Fine

A US-based bank will no longer process small-ticket USD withdrawals for Binance users, Coinbase is hit by another fine and New York regulators call time on commingling of funds at crypto firms.

January 27, 2023

FinCEN Warns US Property Market Being Exploited By Sanctioned Russians

The US Treasury’s Financial Crimes Enforcement Network (FinCEN) has warned financial institutions that sanctioned Russian oligarchs may use the US commercial real-estate sector to hide their wealth.

January 27, 2023

Get Consumer Duty Plans Sorted, FCA Warns Firms

The UK financial watchdog has listed its recommendations for firms after publishing its findings on the Consumer Duty implementation so far.

January 27, 2023

Poland Investigates Ad Violations By Dutch, Serbian, Montenegrin Handball Federations

Poland’s Ministry of Finance is investigating potential illegal advertising of gambling operators, including the Dutch national lottery at the 2023 Men’s Handball Championship.

January 27, 2023

Financial Risk Checks In White Paper, Not Affordability, Says UK Gambling Minister

UK government cabinet ministers are giving their final thoughts on the much-delayed Gambling Act review white paper, according to the minister in charge of gambling policy, including the scrapping of wide-ranging affordability checks.

January 27, 2023

Washington Cardrooms, Racetracks Seek To Expand Sports Betting

Eric Persson, chief executive of Maverick Gaming, has unsuccessfully lobbied lawmakers for more than two years to allow cardrooms in Washington state to offer legal and regulated sports betting, but that has not stopped him from getting behind another legalization effort this year.