Insights Archive

July 11, 2022

Cryptocurrency Is Coming Whether Gaming Regulators Are Ready Or Not

State gaming regulators are going to be left behind unless they prepare for the inevitable surge in cryptocurrency and other forms of digital payments, according to Colorado’s director of gaming.

July 11, 2022

Hurdles Remain For Sports Betting In California, Massachusetts

Despite a multimillion-dollar campaign by California tribes to defeat the company's online sports-betting ballot initiative this November and opposition from the state's Democratic Party, DraftKings CEO Jason Robins has said he is confident the proposal is an innovative solution to societal problems in the largest state in the nation.

July 8, 2022

Week In Crypto: Insolvencies Escalate As FTX Goes On Shopping Spree

As the crypto insolvency crisis continues to claim new victims, FTX billionaire Sam Bankman-Fried has said he is willing to spend up to $2bn to stop the bleeding and save the industry.

July 8, 2022

Is It Really Worth It? Experts Split Over SCA Impact

The implementation of strong customer authentication (SCA) has been a bumpy road but experts are still divided in their views on whether it has been worth it.

July 8, 2022

Revolut Makes Pitch To Business Customers With New mPOS Device

Revolut has expanded its merchant acceptance business in the UK and Ireland with the launch of its first mobile point of sale (mPOS) reader as it looks to expand its merchant customer base. This follows the launch of an Irish buy now, pay later (BNPL) solution in June.

July 8, 2022

Singaporean Lawmakers Probe MAS On Digital Banking Failures

Members of Singapore’s parliament have questioned the Monetary Authority of Singapore (MAS) on a range of matters, including how the country can improve on recent banking outages, ESG rules and crypto protections.

July 8, 2022

Cash Still King In Germany, While Its Neighbours Go Cashless

New data from the Bundesbank shows that cash remains dominant in the EU’s largest economy, while research in neighbouring Belgium shows clear digital preferences.

July 8, 2022

Brazil Betting Operators Facing Advertising Blackout

Offshore sportsbook operators active in Brazil could be prohibited from advertising in the country until a local licensing regime becomes effective, under legal amendments approved by the lower house of Congress late on Wednesday.

July 8, 2022

Prime Minister's Resignation Puts White Paper In Limbo

The news that UK Prime Minister Boris Johnson will resign puts the long-awaited white paper on Gambling Act reform in limbo, with officials promising yet again that it will be released “in the coming weeks”.

July 8, 2022

D.C. Seeks Answers On Underperforming Sports-Betting Business

Council members in Washington, D.C. will hold a hearing next week on the district’s struggling sports-betting program after significant underperformance compared with initial expectations.

July 8, 2022

New Jersey Readying Responsible Gambling Guidelines

New Jersey’s online casinos and sportsbooks are being pushed to up their game on responsible gambling through new guidelines that will require implementation by next year of systems to flag signs of problematic player behavior.

July 8, 2022

News In Brief: July 4-July 8, 2022

A trailblazing former Nevada regulator gets top job at Las Vegas NFL team.

July 7, 2022

FCA Appoints Financial Crime Chief To Head Payments, Crypto Work

The UK's Financial Conduct Authority (FCA) has appointed six directors as it grapples with expanded post-Brexit responsibilities.

July 7, 2022

United Arab Bank Joins Arab Monetary Fund’s Cross-Border Payments Platform

United Arab Bank has become the latest bank to join Buna, a cross-border payments platform owned by the Arab Monetary Fund.

July 7, 2022

Google Restricts South Korea’s Leading Messaging App Over Payments Dispute

Google has introduced a ban on new updates to the KakaoTalk messaging app in South Korea, following an alleged violation of its in-app payments rules.

July 7, 2022

Danish FSA Sets Out BNPL Regulation

The Danish Financial Supervisory Authority (DFSA) is consulting on how to regulate the burgeoning buy now, pay later (BNPL) market, which could see Denmark joining European counterparts such as the UK and Ireland in adding new rules.

July 7, 2022

Chile's Casinos Take On Foreign Online Operators In Court

Chile’s deeply entrenched casino industry, which began when the first casino opened in Viña del Mar in 1931, is waging legal warfare on online gaming and sports-betting platforms.

July 7, 2022

UK Gambling Commission Suspends Bet-At-Home Licence

The Gambling Commission has suspended the operating licence of Bet-at-home.com Internet Limited as it carries out a review triggered by suspected social responsibility and anti-money laundering failings.

July 7, 2022

Trump To Campaign In Las Vegas For Internet Gambling Foe

Beleaguered former President Donald Trump is scheduled to attend a campaign rally on Friday in Las Vegas for a U.S. Senate candidate in Nevada who opposes internet gambling.

July 7, 2022

UK Study Finds Gambling Sites Not Prioritising Harm Reduction

A new study argues that the design of UK online gambling sites and apps are putting consumers at higher risk of gambling harm.

July 6, 2022

Nexi Wins Partnership With Irish Payments Project

Ireland’s first instant mobile payment service, Synch Payments, has announced that it is partnering with Italian payments system Nexi as its platform and service provider.