Insights Archive

July 15, 2022

Ontario Operators Wrestling With Lack Of Supplier Licensing

Companies active in the Ontario online market have said that the burden placed on operators holding them responsible for the actions of their partners has created a range of challenges throughout the province’s complicated licensing process and subsequent launch.

July 15, 2022

News In Brief: July 11-July 15, 2022

An effort to ban online gambling companies advertising via sports in Chile has made legislative progress.

July 14, 2022

Oz Bank Receives First Fine For Consumer Data Right Breach

Australia’s Bank of Queensland has paid a six-figure penalty fee following an alleged breach of the country’s Consumer Data Right Rules.

July 14, 2022

Regulators Must Speed Up Crypto Work, Says Bank Of England Official

Jon Cunliffe, the Bank of England’s deputy governor, has shared his thoughts on recent crypto instability, suggesting that appropriate regulation will be able to support innovation.

July 14, 2022

VIXIO Speaks With: The Bank of Lithuania

In a wide-ranging interview with the Bank of Lithuania, Lukas Jakubonis, it’s head of financial market development, spoke to VIXIO about how the country has positioned itself as fintech friendly hub of Europe, why Brexit was an opportunity, and how it plans to deal with topical issues, such as the rise in crypto-asset use.

July 14, 2022

BNPL Firms Blame ’Current Market Conditions’ For Merger Failure

Australian buy now, pay later (BNPL) company Zip announced it has pulled out of a $330m merger agreement with US rival Sezzle, citing macroeconomic and market conditions as a reason.

July 14, 2022

New York May Look At Limited iGaming, Senator Says

As U.S. operators eagerly anticipate more states regulating online casino games, New York could initially look to limit the availability of iGaming to certain hours of the day, according to a chief proponent in the state's Senate.

July 14, 2022

FanDuel Chief Draws Line On Gambling Advertising In College Sports

FanDuel will continue to take bets on March Madness and college football, but CEO Amy Howe on Wednesday said she opposes gambling logos on the uniforms of college athletes.

July 14, 2022

Survey Shows Spain's Players Knowingly Use Illegal Platforms

Spain’s Jdigital has released a report claiming a meaningful proportion of the country’s gamblers routinely visit the black market.

July 14, 2022

UK Plans Reportedly Include 'Passive' Affordability Checks, 'Smart Stake' Limits

The most recent draft of the pivotal UK white paper includes provisions for “passive” affordability checks, “smart stake” limits and a ban on targeting of bonuses based on spending, according to a gambling trade publication.

July 14, 2022

Bulgaria Submits Gambling Bills As Political Crisis Continues

As Bulgaria plunges into a political crisis, bills have been submitted to the National Assembly that would expand the games the current state-owned lottery monopoly can offer.

July 13, 2022

UPDATE: Rogers Outage Met With Ministerial Action, Interac Adds Backup Supplier

Canada’s industry minister demands immediate action to improve resiliency after a nationwide outage at a telco company crippled payments on the Interac network, while Interac confirms plans to add a backup network provider.

July 13, 2022

US Agency Steps Up Against Abuse Of Consumer Data Sharing

The Consumer Financial Protection Bureau (CFPB) tells businesses to take purpose-based data use seriously or face criminal liability.

July 13, 2022

VASPs Must Submit Better Applications, Warns Irish Regulator

The Central Bank of Ireland has issued a new bulletin highlighting the weaknesses in virtual asset service provider (VASP) applications.

July 13, 2022

UPDATE: KakaoTalk Removes In-App Payment Link Following Dispute With Google

KakaoTalk, South Korea’s most popular messaging app, has removed an external payment link from its Android app following a dispute with Google.

July 13, 2022

Real-Time Payment Screening A Concern, Admits FCA In Sanctions Letter

In a recently published letter to the Treasury Select Committee, the UK’s Financial Conduct Authority (FCA) has provided an update on the sanctions regime and where its concerns lie.

July 13, 2022

BIS Tells Central Banks To Plan Ahead For CBDC Interoperability

A new report from the Bank for International Settlements (BIS) has called on central banks to act early on coordinating interoperability measures for cross-border central bank digital currency (CBDC) payments.

July 13, 2022

Dutch Legislature Rife With Gambling Ad Concerns

A consultation has been launched on the Dutch government’s proposed changes to gambling advertising laws, while politicians also have Holland Casino and the Dutch Lottery’s advertising spend in their crosshairs.

July 13, 2022

Unibet Apologises For Blaming Dutch Regulator

Kindred Group’s Unibet brand has apologised for some of its staff blaming Dutch player bonusing problems on the regulator, saying the issues were due to faults in its own systems.

July 12, 2022

Impact Analysis: CBDCs in Asia - The Lure of Complete Control

This impact analysis examines the progress towards a central bank digital currency (CBDC) in countries with three different approaches to controlling their economies, namely: China; India; and Thailand. It will examine whether there are any similarities in their approaches in the lead-up to their CBDC issuance and, if there are, how this is affected by the economic and political situations in the countries.

July 12, 2022

Fed Says Crypto Does Not Yet Pose Systemic Risk, Despite Losses

Despite hitting a market cap of $3trn last year, the vice chair of the US Federal Reserve has said that crypto-assets are not yet large enough to pose systemic risk to the financial system.