Insights Archive

November 30, 2022

Problem Gambling Widespread Among Swedish Footballers

Problem gambling is widespread among professional and youth footballers in Sweden, according to a large survey of footballers, youth academy players, coaches and staff in the 32 teams in the top two divisions in the country.

November 29, 2022

Australian Regulator Sues Crypto Firm For Offering Yield-Bearing Products

An Australian watchdog is pursuing a local crypto firm for allegedly violating federal financial service laws. This first-of-its-kind investigation in Australia mirrors cases brought in the US, including one being pursued by Texas regulators against FTX.

November 29, 2022

PayPal Uses Shady Contract Terms, Polish Agency Says

Complex and imprecise terms in PayPal’s contracts may breach law, says the Polish consumer regulator, arguing that they leave consumers guessing about what is prohibited and what the sanctions are.

November 29, 2022

European Payments Council Publishes Third Request To Pay Rulebook

The European Payments Council has released the third version of the SEPA request to pay (SRTP) scheme rulebook incorporating public input received during a three-month consultation.

November 29, 2022

Dutch Regulator Fines TOTO Online For Advertising To Young People

The Netherlands Gambling Authority has fined TOTO Online, which is part of the Dutch State Lottery, €400,000 for advertising to young adults aged 18 to 23 years-old.

November 29, 2022

Wyoming Lawmakers Shoot Down Opt-Out Bill, Skill-Game Regulations Coming In 2023

Wyoming lawmakers have approved several pieces of draft legislation that would tighten regulations on skill-based game companies while defeating a proposed measure to allow cities and counties to opt-out of allowing the devices in local bars, restaurants and fraternal organizations.

November 29, 2022

Argentina's Hyperinflation Challenge For Gambling Sector

Hyperinflation may mean that Argentines are inclined to spend more of their income on gambling, although research as to the impact of inflation on gambling spend is limited and Argentina may see less of an impact than other countries, according to experts.

November 28, 2022

U.S. Senator Seeks End To College Sports-Betting Partnerships

A senior Democratic senator has expressed “grave concerns” about Caesars Entertainment’s efforts to promote sports betting on two college campuses that seemingly violate the marketing standards established by the industry’s own trade body.

November 28, 2022

Pennsylvania Skill-Based Games Battle Continues With New Lawsuit

As 2022 comes to a close, the U.S. gaming industry continues to struggles to contain the expansion of unregulated slot machines, also known as grey-market or skill games, and nowhere more so than in Pennsylvania where casino operators are taking new legal action to counter the thousands of games in bars and convenience stores.

November 28, 2022

Brazil Operators Risk One Foot In Grey Market If Sports Betting Legalised

Although operators are anxious for President Jair Bolsonaro to sign the sports-betting regulatory decree, they are increasingly worried about what will happen to their online casino verticals should sports betting be launched before the larger gambling bill is also passed.

November 25, 2022

No More iSpoofing! Met Shuts Down Massive Fraud Scheme

iSpoof, a fraudulent website that offered a service to help criminals cheat out more than £100m from people all over the world has been shut down in an international effort led by the UK Metropolitan Police.

November 25, 2022

Week In Crypto: US Lawmakers Call For DOJ Hardball Following FTX Collapse

US senators call on the Department of Justice (DOJ) to get tough on FTX’s former CEO and executives in the wake of its collapse, while Singapore’s financial regulator attempts to justify its lack of action to protect consumers from the fallout. In the UK, several major banks halt transacting with crypto firms.

November 25, 2022

Call In Powers Ditched, UK Minister Confirms

The UK government has ditched plans to have a veto over financial regulators’ decisions, following backlash from lawmakers and regulatory officials.

November 25, 2022

Daily Dash: South Africa Legislates To Dodge Greylist

South Africa has passed a bill to address the Financial Action Task Force’s concerns, Experian has been chosen to operate Singapore’s buy now, pay later bureau, and the Bank of Japan is rumoured to be launching a digital yen pilot next year.

November 25, 2022

Ukrainian Deputy PM Calls For Regulator's Closure Over Russian Bookmaker Scandal

In the aftermath of the scandal surrounding the shutdown of the Ukrainian operations of Russia-backed bookmaker 1xBet, Mykhailo Fedorov, Ukraine’s deputy prime minister, is calling for the closure of the country’s Regulatory Commission on Gambling and Lotteries (KRAIL).

November 25, 2022

Malta Relieved At Greylist Lifting, But Laments EU Risk Declaration

Malta gambling industry officials say they are relieved at the country’s removal from the Financial Action Task Force's greylist this summer, but remain disappointed with the European Union giving online gambling its highest risk level.

November 25, 2022

Bulgaria Wants To Become Balkan Las Vegas

Bulgaria’s gambling regulator has said the country is on the right track to becoming the Las Vegas of the Balkans, but its ambitions have been slowed by its own issues over the past few years.

November 24, 2022

Public Beneficial Ownership Database ’Invalid’, Rules EU Court

The Court of Justice of the European Union has issued an opinion that public beneficial ownership databases do not comply with the right to privacy, following a complaint from a Luxembourg company.

November 24, 2022

UK Competition Watchdog Opens New Probe Into Apple, Google Mobile ’Duopoly’

The UK’s Competition and Markets Authority (CMA) has launched a new investigation into Apple and Google’s dominance of mobile ecosystems, following feedback from app developers and other technology companies.

November 24, 2022

Pix And Cards Spur Cashless Payment Growth In Brazil

Despite previous predictions by Brazil’s central bank president that credit cards could be on the way out in the country, the latest annual statistics show that, along with the Pix instant payment platform, they are a key driver for growth of non-cash payments.

November 24, 2022

PAGCOR Under Fire Over Online Auditing

Philippine regulator PAGCOR has testified that its outsourced auditing platform for online gaming does not identify player country of origin, calling into question its commitment not to allow illegal gambling, as senators renew corruption accusations against the auditing consortium.