Insights Archive

May 5, 2022

Young People Need A Voice On Gambling Laws, Says RSPH

The Royal Society for Public Health (RSPH), a charity whose members comprise more than 6,000 public healthcare professionals from around the world, wants young people to have more of a say on gambling and gaming laws after it was “surprised” by the findings of a new survey.

May 5, 2022

Fixed-Odds Make U.S. Debut On Saturday In New Jersey

The man primarily responsible for the expansion of sports betting in the United States will introduce fixed-odds wagering for horseracing on Saturday at Monmouth Park, the racetrack he owns in Oceanport, New Jersey.

May 5, 2022

Activist Fund Urges Kindred To Sell

An activist fund, Corvex Management, has acquired a 10 percent share in Stockholm-listed Kindred Group and is urging the company to hire an advisor to consider a sale or business combination.

May 5, 2022

AGA Takes Campaign To Ban Grey-Market Games Into Southern U.S.

The CEO of the American Gaming Association (AGA) brought his campaign over “grey-market” machines, or skill-based games, to the heart of the Deep South on Wednesday to urge support for a campaign to ban the products that have proliferated in gas stations and convenience stores in recent years.

May 4, 2022

Australia: BNPL Code Hits One-Year Mark – Cause for Celebration or Further Regulation?

This regulatory analysis will briefly discuss recent market and regulatory developments in the Australian BNPL industry. It will then look into the content of the BNPL Compliance Report and will consider the key points that stand out from a compliance perspective. Finally, the analysis will focus on the likelihood of and possible reasons for potential regulation of the BNPL sector.

May 4, 2022

Grab On Track For Digital Banking Licence In Malaysia

Grab Holdings and Singaporean telco Singtel have announced that their digital bank joint venture, GXS Bank, has been selected to receive a full digital banking licence in Malaysia.

May 4, 2022

EBA Clearing, SWIFT, TCH To Pilot Cross-Border Instant Pay By End Of Year

EBA Clearing, SWIFT and The Clearing House (TCH) have announced that they plan to launch a pilot service for immediate cross-border payments beginning by the end of this year.

May 4, 2022

Credit Suisse Accused Of Breaking Russian Sanctions In Class Action

The Swiss bank is facing a lawsuit in New York over allegations that it knowingly “concealed” its non-compliance with international sanctions.

May 4, 2022

Not On My Watch: Canada’s Opposition Leader-In-Waiting Promises To Kill Off CBDC

A Canadian member of parliament and Conservative leadership hopeful has vowed to scrap the country’s plans to issue a central bank digital currency (CBDC).

May 4, 2022

A Radical Move? Mastercard’s Employee Bonuses Will Be Linked To ESG Goals

The payments giant has boosted its environmental, social and governance (ESG) credentials by expanding an earlier scheme for senior executives to all staff bonuses.

May 4, 2022

Apple Pay Unlawfully Restricted Access To NFC, EC Says

The European Commission has preliminarily found that Apple Pay violated competition law by restricting access to key technology necessary to run mobile wallets.

May 4, 2022

News In Brief: May 2-May 6, 2022

New amendments to Canada's anti-money laundering regulations require payment service providers and crowdfunding platforms to register and set up a compliance programme.

May 4, 2022

Ontario Fines BetMGM, PointsBet Over Gambling Inducements

Ontario’s gaming commission has wasted little time in enforcing the province’s ban on inducements in online gambling advertising, announcing two penalties on Tuesday against BetMGM and PointsBet.

May 4, 2022

California Online Sports-Betting Initiative Set To Qualify For Ballot

The political action committee behind a second ballot initiative in California funded by major sports-betting operators has submitted 1.6m signatures to the Secretary of State’s Office for verification, well over the number required to get on November’s ballot.

May 4, 2022

EU's Digital Crackdown Expected To Touch Online Gambling

The EU’s Digital Services Act will make life much tougher for technology giants such as Facebook and Google, but there are set to be some more subtle knock-on effects for gambling companies.

May 4, 2022

U.S. Gambling Expansion Causes Fraud Attempts To Surge

There has been a surge in online gambling fraud attempts since several U.S. states legalized sports betting, according to data obtained by U.S.-based consumer credit reporting agency TransUnion.

May 3, 2022

UK Working On Economic Crime Plan 2.0

The UK government is in the process of creating a second Economic Crime Plan, which may include Companies House reform but will not consolidate anti-fraud enforcement into the hands of a single body.

May 3, 2022

Indian UPI App Goes Live At NEOPAY Terminals In UAE

Bharat Interface for Money (BHIM), a mobile payments app that uses India’s Unified Payments Interface (UPI), is now live in the United Arab Emirates (UAE).

May 3, 2022

Governor Signs Bill Giving Tribes Control Of Mobile Sports Betting In Maine

Maine became the first state in 2022 to officially legalize sports betting on Monday after Governor Janet Mills, a Democrat, affixed her long-awaited signature to legislation after vetoing a more expansive bill more than two years ago.

May 3, 2022

LeoVegas Deal Gives MGM Profitable European Foothold

MGM Resorts International confirmed the acquisition of European online gaming operator LeoVegas for $607m in cash Monday, granting the company a global presence but teeing up potential problems with BetMGM partner Entain.

May 3, 2022

High Fees, Limited Licensing In Draft Decree For Brazil Sports Betting

President Jair Bolsonaro will reportedly sign a regulatory decree for sports betting within the next week that is expected to set an upfront licensing fee of more than US$4m and allow for a restricted number of operators for at least the first year.