Insights Archive

November 2, 2023

Videoslots To Appeal €760,000 Swedish Fine For AML Shortcomings

The Swedish Gambling Authority (SGA) has fined Malta-based operator Videoslots SEK9m (€761,378) and issued it with a warning after it uncovered “serious” shortcomings in its anti-money laundering (AML) controls.

November 2, 2023

UK Gambling Commission Urges Land-Based Sector To 'Remain Vigilant' Of Risks

A UK Gambling Commission representative has highlighted a series of land-based gambling social responsibility successes and failures, as well as provided an update on its ongoing Gambling Act review consultations.

November 2, 2023

Singapore Set To Launch Interoperable QR Code

The Monetary Authority of Singapore has announced that it will launch a proof of concept for an interoperable Singapore Quick Response Code Scheme (SGQR+).

November 2, 2023

UK Regulator Restricts Activity At Scandal-Ridden E-Money Institution

The Financial Conduct Authority imposed limitations on the activities of Dzing Finance days before an authorised push payment fraud report revealed the high volume of scam transactions at the firm.

November 2, 2023

Daily Dash: Singapore Bans DBS From New Business Ventures After IT Failures

DBS has been banned from new business ventures in Singapore, and Hong Kong has found “unique value” in e-HKD.

November 2, 2023

Brazil Approaches Online Gambling Endgame

Online betting operators are anxiously awaiting a critical few weeks that will see politicians in Brasilia determine how Brazil will complete its transition from a grey to regulated market.

November 1, 2023

Spanish Trade Group Slams Regulator For 'Unjustified' Measures

Spanish trade group Jdigital has lashed out at the Director General of the Regulation of Gambling’s Gambling Prevalence Study, using the agency's own data as proof, it says, that the regulator is demonising a “responsible and moderate” gambling industry.

November 1, 2023

California Sports-Betting Initiatives Longest Of Long Shots For 2024 Ballot

As the California Attorney General’s Office reviews two proposed ballot initiatives that would allow tribes to operate retail and online sports betting, analysts and tribal officials are speculating as to why proponents would try again so soon after last year’s lopsided defeat by voters of two similar proposals.

November 1, 2023

Arkansas Seeking New Pope County Casino License Applications

The Arkansas Supreme Court’s decision to uphold a lower court ruling that said Cherokee Nation Businesses was not a qualified applicant when granted a casino license in Pope County has reopened the application process for a second time for the state’s fourth casino license.

November 1, 2023

Nigerian Government Urges Quarrelling Regulators To Collaborate

Nigeria’s government is continuing to try and resolve challenges faced by the country’s gambling industry, as it calls on state and federal regulators to work together.

November 1, 2023

Social Media Blamed As UK Regulator Publishes First APP Fraud Report

New statistics released by the UK payments regulator show how firms have managed fraud and reimbursements. However, the worst-performing firms have accused social media companies of not doing enough to stop scams.

November 1, 2023

FCA Fires Warning Shot Over 'Common Issues' In Crypto Promotions

The UK Financial Conduct Authority (FCA) has issued a warning to crypto firms on common issues that could infringe on its new crypto-asset promotion rules.

November 1, 2023

Cogs Start Turning On MiCA Implementation

The EU’s flagship Markets in Crypto-Assets (MiCA) regulation is approaching enforceability next year, as industry stakeholders signal they are in preparation mode.

November 1, 2023

Daily Dash: Tinder Owner Settles Antitrust Lawsuit Against Google

Match Group has settled a major antitrust lawsuit against Google, the European Payments Initiative has completed its acquisition of iDEAL and Payconiq, and an Australian university has successfully tested offline CBDC payments.

November 1, 2023

UK Watchdog Secures BNPL Contract Changes From PayPal, QVC

Key players have agreed to change their buy now, pay later (BNPL) contracts, following intervention from the UK's Financial Conduct Authority to protect consumers.

November 1, 2023

Polish Bookmakers Hope New Government Will Overhaul Gambling Regime

A flawed Polish online gambling regime could be getting the revamp it desperately needs to “stop the leakage” via the expected new coalition government, local gambling executives have said.

October 31, 2023

New Colorado Fantasy Sports Rules Tighten Limits On Pick'Em Contests

The latest draft of proposed rules to govern fantasy sports in Colorado further limits companies that offer pick’em-style contests, causing an attorney representing two fantasy companies to question how the previous rules were far less restrictive.

October 31, 2023

Lawmakers Reject Gaming Compacts For Two Oklahoma Tribes

Lawmakers have sided with Oklahoma Attorney General Gentner Drummond over Republican Governor Kevin Stitt in rejecting two new tribal gaming compacts, leaving both tribes with limited options to expand their gaming enterprises.

October 31, 2023

Greece Targets Informal Economy With New Instant Payments Mandates

Greece is stepping up its fight against grey economy transactions with a new bill that will mandate the use of instant payments among freelancers, the self-employed and businesses.

October 31, 2023

Bulgaria Becomes Third EU Member Added To FATF Greylist

Bulgaria has been added to the Financial Action Task Force's (FATF) list of countries under increased monitoring, which could spark increased cross-border scrutiny of Bulgarian organisations.

October 31, 2023

Daily Dash: Elon Musk Wants X To Replace Bank Accounts

Elon Musk has set his sights on replacing bank accounts, the Bank of England has said stablecoin regulation is coming, and the Bank of Lithuania has fined e-money institution Demivolt.