Insights Archive

February 14, 2024

US Consumer Fraud Losses Hit Record $10bn In 2023

Reported consumer losses to fraudulent activity in the US exceeded $10bn for the first time, representing a 14 percent increase over 2022, according to Federal Trade Commission data.

February 14, 2024

Daily Dash: UK Government Further Embraces Open Banking With New Moneyhub Contract

The Crown Commercial Service has selected Moneyhub to bring open banking payments to the public sector, and PayPal has begun processing crypto distributions to Celsius creditors based in the US.

February 14, 2024

Dutch Parliament Backs Tough Deposit Limits

The Dutch parliament has approved motions to turn new deposit setting rules into hard cross-operator limits and to sharpen enforcement action.

February 14, 2024

MGM Eyeing LatAm Online Joint Venture

MGM Resorts is exploring a “large JV” for online gambling in Latin America ahead of the opening of Brazil’s regulated market, according to CEO Bill Hornbuckle.

February 14, 2024

PrizePicks To Pay $15m Penalty In New York

PrizePicks has agreed to cease offering paid fantasy sports in New York and pay almost $15m to the New York State Gaming Commission for operating contests in the state without a permit from 2019 through 2023.

February 13, 2024

U.S. Treasury Warns Of Increasing AML Risks Through Online Betting

Different regulatory structures applied to sports betting and online gaming compared with traditional land-based casinos are creating heightened money laundering risks, the U.S. Department of the Treasury has said in a report.

February 13, 2024

B2B Approvals, Bonuses Among Unanswered Brazil Questions

The big questions regarding Brazil's forthcoming regulated market remain unresolved despite much debate on the key issues at last week's ICE convention.

February 13, 2024

Danish Supplier Licensing Act Making Swift Progress

A bill that would give the Danish Gambling Authority the power to issue injunctions and prosecute violations of the gambling law, as well as require licences for suppliers, was referred to the committee stage just a week after it was submitted to parliament.

February 13, 2024

Remittance Companies Move To Comply With Nigerian Regulation Changes

International money transfer providers are adjusting to recent changes to Nigeria’s rules, which limit inbound payments to naira and ban banks and fintech firms from offering transfer services.

February 13, 2024

Brazil Moves Towards New Digital Asset Framework, With Support From Coinbase

The Central Bank of Brazil has closed a consultation on an incoming regulatory framework for virtual asset service providers, winning support from Coinbase — a growing presence in the Brazilian market.

February 13, 2024

Daily Dash: UK Taxpayers Warm To Open Banking Payments Via Ecospend

UK taxpayers sent more than £3bn of open banking payments to HMRC last month, while Visa has announced a new partnership that will bring instant remittances to Egypt.

February 13, 2024

Philippine Bills Banning POGOs Approved For Chamber Debate

A Philippine legislative committee has approved parallel bills banning foreign-facing online gambling operations (POGOs) for wider debate in the House of Representatives.

February 12, 2024

Gaming Industry Facing An Onslaught From Cyber Crimes

The cybersecurity risks faced by the gaming industry are well-known, as hackers continue to successfully target operators in an effort to acquire sensitive customer data and hold it for ransom, with a former FBI chief warning of greater threats to come.

February 12, 2024

Industry Boss Addresses Mexican Market Challenges

The president of Mexican gambling trade group AIEJA has said the biggest challenges facing his market continue to be over-taxation and a complicated legal code that has been stitched together to patch over a gambling law not updated since 1947.

February 12, 2024

Ghana Presidential Candidate Promises To Scrap Gambling Taxes

Ghana’s vice president, who is also a prime candidate to become President later this year, has promised that he will remove gambling taxes if he is elected.

February 12, 2024

Ripple Takes Steps To Return To US Payments Market

Ripple is making its way back into the US market after three years, following a partial victory against the US Securities and Exchange Commission last year.

February 12, 2024

Just How Much Of A Gamechanger Is Apple's NFC Commitment For Europe?

Apple is opening up its tap-to-pay technology to third parties in light of pressure from the European Commission, which payments experts suggest could bring new business opportunities. But is it all too good to be true?

February 12, 2024

Daily Dash: Visa, Mastercard Among Companies To Join AI Safety Consortium

Visa, Mastercard and several big tech companies have joined a new AI safety consortium launched by the US government, while PayPal has announced a new round of layoffs in 2024.

February 12, 2024

APP Fraud Parliamentary Hearing Sees Meta On The Defence

UK lawmakers have taken to task the big tech company over its failure to rein in fraud, accusing it of failing to take the issue seriously and having no incentive to do so.

February 12, 2024

Online Casino Bill Introduced In Maryland House

A Maryland House committee will consider legislation later this month that proposes a different model for potential online casino legalization focused on diversity and inclusion.

February 9, 2024

Ontario Regulator Gives Guidance On New Ad Rules

Ontario’s gaming regulator has urged operators to use their own judgement to determine if product endorsers would violate new advertising standards that take effect this month.