Insights Archive

May 17, 2022

Swedish Treasury Pushes Black Market, Data Protection As Regulatory Focus

Sweden’s State Treasury has found that government revenue and gambling addiction have remained largely unchanged since the country reformed its online market, as it backs new measures to protect players.

May 17, 2022

UK Penalises White-Label Firms Over AML, Safer Gambling Failings

Two white-label gambling companies, which each operate more than 200 websites for other companies, have been assessed more than £700,000 for failings in anti-money laundering (AML) and safer gambling policies.

May 17, 2022

Big Three Of California, Florida, Texas Vital To U.S. Sports Betting

The future of the U.S. sports-betting market hinges on the three states of California, Florida and Texas, with excessive advertising a legitimate concern but cannibalization of traditional casino revenue an unproven myth, according to New Jersey’s chief gambling regulator.

May 17, 2022

California Tribes See Battle Against Mobile Sports Betting As 'Fight For Survival'

By far the most high-stakes and most expensive campaign ever in the U.S. to legalize sports betting continues to escalate in California as tribes and commercial operators battle for voter support of their competing initiatives.

May 16, 2022

US Trade Bodies Release AML Best Practices For Money Transmitters

Best practices have been released to guide money service businesses on how to develop a programme for anti-money laundering (AML) and sanctions compliance and addresses the challenge of de-risking.

May 16, 2022

Instant Payments Mandate Could Speed Up Adoption, But Comes At A Cost

The European Commission is expected to unveil new instant payments regulation this autumn, including mandating banks to accept it, but Brussels has a long wait before it finally becomes "the new normal".

May 16, 2022

BIS Provides Tools To Boost Payment Firms’ Direct Access To Central Bank Systems

The Bank for International Settlements (BIS) has published a self-assessment report for central banks to encourage the direct participation of payment firms in central bank payment systems. In a separate report, the organisation also calls for a global settlement window to increase the speed of cross-border payments.

May 16, 2022

New York iGaming Bill 'Too Much, Too Soon' In 2022

New York state Senator Joseph Addabbo has acknowledged he may have acted too soon by introducing an online gaming bill during this year’s legislative session as lawmakers were coming off approving mobile sports betting and then three downstate casino licenses.

May 16, 2022

Curaçao Now Targets End-Of-Year Gambling Reform

The Curaçao government is promising a long-delayed reform of gambling legislation to fix what an independent body calls “shortcomings in regulation” by the end of the year.

May 16, 2022

More M&A Activity Expected Amid Stock Sell-Offs

U.S. gaming stocks continue to extend their recent losing as investors worry about ongoing inflationary pressures, but there are still merger and acquisition opportunities within the industry, according to a panel of financial analysts.

May 13, 2022

LUNA’s Crash Landing: Algorithmic Stablecoin Experiment Ends In Tears

TerraUSD, a US dollar stablecoin that runs on the Terra blockchain, appears to have met its maker after shedding 70 percent of its market cap in a single day.

May 13, 2022

Counting The Cost: How Will The LUNA Crash Impact Crypto Regulations?

With the Terra blockchain halted on May 12, both TerraUSD, an algorithmic US dollar stablecoin, and LUNA, its collateral token, are now officially laid to rest.

May 13, 2022

PSR Fines NatWest Group For Interchange Overcharge

The UK’s Payment Systems Regulator (PSR) has punished the retail banking group after four of its banks failed to comply with the Interchange Fee Regulation.

May 13, 2022

Commission Sets Sights On Stronger Consumer Protection Rules

The European Commission has adopted a reform of the current EU Rules on Distance Marketing of Consumer Financial Services, which govern distance selling.

May 13, 2022

The Tinder Swindler: Dating Apps Accuse Google Of Anti-Competitive Behaviour In California Lawsuit

Match Group, owner of popular dating apps Tinder, Match and OKCupid, is suing Google after accusing it of establishing an in-app payments monopoly.

May 13, 2022

NSW Regulator Laments 'Scary' Lack Of Control Over Slots

The head of the New South Wales (NSW) state gambling regulator complained to government officials in December that his agency had “very few regulatory levers to pull” on the poker machine (slots) industry, according to leaked documents.

May 13, 2022

Minnesota House Approves Sports-Betting Bill

The Minnesota House of Representatives passed legislation that would legalize sports betting in the state Thursday night, but even House legislators acknowledged the bill is not likely to clear the Senate.

May 13, 2022

Brazil Senate Poll Finds Popular Support For Casino Expansion

A poll conducted by Brazil’s Senate has suggested strong popular support for casino expansion, even though a vote on a sweeping measure that passed the lower house in February seems highly unlikely until after October’s elections.

May 13, 2022

UK Children See Fewer TV Gambling Ads As Habits Shift

Children across the UK are seeing fewer gambling adverts on TV, but the Advertising Standards Authority is warning that the real challenge for the industry has shifted online.

May 13, 2022

BetMGM Pulls Back In High-Tax New York

BetMGM executives have said the MGM-Entain joint venture has made “a concerted decision” to lessen its pursuit of mobile sports-betting customers in New York due to the state’s steep tax rate.

May 13, 2022

News In Brief: May 9-May 13, 2022

Mr Green loses another fine appeal, Kyrgyzstan plans gambling law overhaul and Kansas sports-betting bill signed into law.