Insights Archive

September 14, 2022

Finnish Politicians Open To Discuss Licensing

Finnish politicians are opening up to the idea of a gambling licensing system, but the authority overseeing gambling has questioned the timing of the debate as more powers and staff are inbound.

September 14, 2022

IGT Drops UK Lottery Appeal

International Game Technology (IGT) has dropped the appeal that was blocking the transition of the UK National Lottery from Camelot to Allwyn, finally allowing the handover process to begin in earnest.

September 13, 2022

US Small Business Disbursements Driving Zelle Growth

Since its launch five years ago, the Zelle app has processed more than 5bn transactions, with disbursements and small business payments driving its most recent growth.

September 13, 2022

APP Fraud Being Leveraged By Money Mules

Banking experts have acknowledged that the industry is struggling to solve the problem of money mules, with new fraud trends exacerbating the issue.

September 13, 2022

Hong Kong, Thailand To Pursue Bilateral Faster Payments Linkage

As tourist footfall recovers, the central banks of Hong Kong and Thailand are looking to link faster payment systems, while nurturing new cost-reduction measures for merchants and consumers.

September 13, 2022

Chile: The Guide To Grey Market Turmoil

Chile is currently mired in a complicated web of lawsuits and pending legislation that revolve around its grey market offshore online gambling operators.

September 13, 2022

Probe Finds Star Entertainment Unfit For NSW Casino Licence

The Star Entertainment Group is unfit to hold a casino licence in New South Wales (NSW) state, according to an independent regulatory review, but the state gambling regulator is yet to decide the company’s fate.

September 13, 2022

New Entrants Seek To Disrupt U.S. Sports Betting Market

As sports-betting brands with origins in fantasy sports or the casino industry continue to dominate the U.S. landscape, a series of new players are entering the field this football season seeking to disrupt the market.

September 13, 2022

Cyprus Updating Safer Gambling Regulations

The National Betting Authority (NBA) of Cyprus is adding a raft of safer gambling best practices into its rules for online bookmakers.

September 12, 2022

The Fight Against Money Laundering Needs More Focus, Acknowledges DNB

A more risk-based approach will sharpen the focus of efforts to keep the financial sector free from financial crime, De Nederlandsche Bank (DNB) has said in a new report.

September 12, 2022

‘The Vast Majority Are Securities’ - SEC’s Gensler Confirms Crypto Reg Stance

The head of the Securities and Exchange Commission (SEC) has reiterated his view that most crypto-assets are securities, adding that crypto-related firms should focus on compliance sooner rather than later.

September 12, 2022

Australia Launches 'Enforcement Investigation' Into Entain

Australian financial crime enforcer AUSTRAC has announced an “enforcement investigation” into sports-betting giant Entain Group, potentially impacting any Entain moves on rival Tabcorp Holdings' monopoly status.

September 12, 2022

South African Draft Remote Gambling Bill Aims To Fill Legal Gap

South Africa’s second largest political party is looking to introduce overarching online gambling regulations, following years of failed attempts to fully open up the sector.

September 12, 2022

Massachusetts Gaming Regulators Urged To Consider In-Play Betting Ban, Ad Restrictions

An academic report looking at the potential impact of sports betting on Massachusetts has recommended a ban on in-game wagering, which researchers say is disproportionately utilized by problem gamblers.

September 12, 2022

1xBet Loses Licences in Ukraine

Ukraine’s gambling regulator has reversed course on controversial operator 1xBet and ejected it from the country’s online gambling market over ties to Russia, after earlier giving it the go-ahead to remain.

September 12, 2022

Maryland Regulators Won’t Extend Sports-Betting Application Deadline

The Maryland Sports Wagering Application Review Commission (SWARC) gathered in Baltimore on Friday to allow industry stakeholders to share their opinions on proposed sports-betting licensing regulations.

September 9, 2022

Week In Crypto: US Regulator Claims Celsius Was Insolvent Three Years Ago; Love Islanders Struck Down By ASA

New analysis indicates that Celsius was already insolvent long before this year’s crypto crash, Love Island celebrities get issued a cease and desist order and an old Binance AML probe resurfaces.

September 9, 2022

Cruel Summer For Maltese Bank As AML Watchdog Hits It With Fine

Novum Bank, owned by a Dutch billionaire, has become the latest financial institution to be fined by Malta’s Financial Intelligence Analysis Unit (FIAU).

September 9, 2022

Visa, Mastercard Namechecked By NZ Regulator In New Price Cap Plans

Under new legislation, Mastercard and Visa will be the initial focus of the New Zealand Commerce Commission’s work to encourage more competition and efficiency in the island’s retail payment system.

September 9, 2022

Daily Dash: Wise Hit By $360,000 AML Fine In UAE

UAE authorities fine Wise for AML breach, Indian banks team up with Singapore’s DBS for real-time cross-border remittances and Nigeria looks to attract digital asset firms

September 9, 2022

Massachusetts Regulators Discuss And Adopt Initial Sports-Betting Regulations

Even with the NFL season underway, regulators in Massachusetts plan to take their time in crafting implementing rules for sports betting, including through consideration of new policy recommendations to ban in-play betting and limit advertising.