Insights Archive

October 12, 2022

DraftKings, FanDuel Hoist White Flag In California But Pledge To Return

They stopped just short of an outright concession, but the chief executives of DraftKings and FanDuel on Tuesday acknowledged their sports-betting referendum in California is likely to fail on November 8.

October 12, 2022

DraftKings Boss Silent On Potential ESPN Partnership

Speaking at the Global Gaming Expo (G2E) on Tuesday, DraftKings CEO Jason Robins remained quiet on the topic of a reported major partnership with sports media giant ESPN.

October 12, 2022

Netherlands Ad Limits 'Unwarranted', Says Online Trade Group

The Netherlands Online Gambling Association has said a raft of proposed advertising restrictions are “unwarranted” and “not based on evidence or analyses”.

October 11, 2022

’Fair And Correct’: PagBrasil CEO’s Verdict On New Interchange Rules

VIXIO sat down with PagBrasil’s CEO to discuss the implications of the upcoming changes to Brazil's prepaid card interchange fee regulation. He argues new rules are down to prepaid success in the market, while also discussing potential threats to credit cards from new Pix services to be launched next year.

October 11, 2022

Singaporean Authorities Sanction Swiss Bank Official After STR Fail

The Monetary Authority of Singapore and the country’s police force have sanctioned a senior banker for failing to file suspicious transaction reports (STRs) at BSI Bank.

October 11, 2022

Netherlands Delaying Ad Restrictions, Addressing Deposit Limits

Dutch gambling minister Franc Weerwind has announced a several-month delay to proposed advertising restrictions, as a raft of gambling policy queries were discussed during a Standing Committee on Justice and Security debate.

October 11, 2022

Popularity Of U.S. Sports Betting, Internet Gaming Drives Increase In Fraud

As mobile sports betting and online gambling increase in popularity in the U.S. so too does a broad range of illicit activities from identify theft to payments fraud and proxy betting, gaming industry executives warned Monday.

October 11, 2022

Paraguay's Sports-Betting Concession Process Plagued With Familiar Problems

Despite accusations of corruption, on October 31 regulator Conajzar will open envelopes which contain bids for the exclusive concession to operate sports bidding in Paraguay for the next five years, a contract that is reportedly worth $500m.

October 11, 2022

G2E Opens With Cybersecurity As Top Agenda Item For Regulators

Chief regulators of four major gambling states emphasized the importance of cybersecurity and discussed cultural differences between Europe and the United States during Monday’s opening session of the largest gaming conference in North America.

October 10, 2022

Optus Data Breach Prompts Australian Legislative Reform

Australia’s government is planning to propose changes to the country’s telecom laws to enable better information sharing with banks after a massive data breach at the telco firm exposed data of nearly 10m Australians.

October 10, 2022

PSD3: Bank-Like Prudential Requirements For PSPs Risk Innovation

The European Banking Authority has suggested bringing prudential requirements, such as capital requirements related to credit and liquidity buffers, under rules that ape EU’s banking rules. Experts mull the implications to risk, competition and innovation.

October 10, 2022

President Biden Signs Executive Order For US-EU Data Transfers

The US President signed the data transfer agreement into law on Friday, restoring the legal basis for transatlantic data flows following the 2020 Schrems II judgment.

October 10, 2022

Australia’s Proposed CDR Changes Open Up Payments

Australia’s Treasury is seeking comment on draft legislation that could introduce new rules for action initiation within the country’s open banking framework that will enable, among other things, payment initiation.

October 10, 2022

Massachusetts Targets Retail Sports Betting By Super Bowl, March For Mobile

Massachusetts regulators have agreed to target a late January opening of retail sportsbooks at casinos before an early March mobile sports-betting launch.

October 10, 2022

California Takes Lead On Dual Licensure Of Cannabis, Gaming Businesses

With the approval of several recommendations to allow for dual licensure of the cardroom and cannabis businesses, California policymakers are ushering in a new era for both industries as the federal government still considers marijuana sales and possession a crime.

October 10, 2022

Gaming Tribes Still Battling U.S. Treasury Department Over COVID-19 Funds

It is almost always about the money when somebody says it is not about the money, but in the case of two gaming tribes who are suing U.S. Department of Treasury Secretary Janet Yellen, it seems to be more about standing up to the federal government.

October 10, 2022

Kindred's Norway Fine On Tentative Hold

A deal has been struck between Kindred and the Norwegian Gambling Authority that means fines of NOK1.2m (€118,000) daily, with a cap of NOK437m, will be put on hold.

October 7, 2022

PSR Finalises Rules To Help Merchants Switch Acquirer

The UK’s Payment Systems Regulator (PSR) has published its final decision on card-acquiring services, with the prerogative of enabling more awareness among businesses to shop around.

October 7, 2022

Week In Crypto: Final MiCA Text Published And EBA Looks For More Data

A busy week in Europe as the final text for the Market in Crypto-Assets (MiCA) regulation is published, the European Banking Authority tenders a contract to help it improve its crypto data analysis, and Italy is criticised for having a light touch on company registration. Meanwhile in Argentina, a state-owned energy company diversifies into crypto mining.

October 7, 2022

Chile Embraces Open Banking As Fintech Law Passes

Chile looks set to become the fourth Latin American country to implement open banking after its Fintech Law passed the Senate with sweeping support.

October 7, 2022

Daily Dash: MAS Keeps Up Sustainability Agenda With New Hub

Singapore’s regulator has launched a new environmental, social and governance hub, the US consults on self-service kiosks and India’s UPI keeps up international momentum with new Oman deal.