Insights Archive

February 9, 2024

Brazilian Shareholder Requirement Raises Urgent Questions

What is a Brazilian, exactly? That is the question on the tip of everyone’s tongue as interested operators struggle to understand the 20 percent Brazilian ownership requirement stipulated by Brazil's new online betting law.

February 9, 2024

Week In Crypto: Hurry Up With Federal Stablecoin Legislation, Yellen Tells US Congress

US financial regulators demand stablecoin regulation now, South Koreans face life imprisonment under a new crypto crime law, and the founder of the TerraUSD stablecoin has escaped extradition (again).

February 9, 2024

US Treasury: Payment Systems Must Address Evolving AML/CTF Risks

The US Treasury Department has published National Risk Assessment reports outlining recent updates to the US anti-money laundering/counter-terrorism financing (AML/CTF) framework and the evolving ways that payment systems are used in illicit finance.

February 9, 2024

Daily Dash: US Credit Card Debt Hits New Record High Of $1.13trn

Americans’ credit card balances continued to rise in Q4 2023, as did missed payments, meanwhile in France, an antitrust regulator has opened an inquiry into generative AI.

February 9, 2024

News In Brief: February 5-February 9, 2024

West Flagler files Supreme Court complaint in Florida battle, Pennsylvania skill games leader wants to talk regulation, Virginia in-state college betting closer to reality and Crown Resorts boss cleared of misconduct.

February 8, 2024

California Tribes Insist Pick'Em Fantasy Games Are Illegal Sports Betting

The California Nations Indian Gaming Association has submitted a legal opinion to the state attorney general contending that popular pick’em fantasy contests are illegal and violate the state’s prohibition on banking games.

February 8, 2024

Alabama Gaming Proposal Includes Casinos, Lottery, Sports Betting

Comprehensive gambling legislation set to be introduced on Thursday in the Alabama House of Representatives would give voters the opportunity to bring a state lottery, land-based casinos and sports betting to the state.

February 8, 2024

German Trade Groups Plead For Flexibility On Rules

Two German trade groups claim the Joint Gaming Authority of the States (GGL), the German gambling regulator, is taking such strict interpretations of statutes that it is strangling the legal market.

February 8, 2024

Industry Insists Research Is Unbiased

Gambling operators' surveys can be a reliable source of data, according to a panel of several gambling industry stakeholders at the World Regulatory Briefing, one of the two events that launched the ICE gambling conference.

February 8, 2024

Ukrainian Gambling Taxes Deterring Investors, Says Trade Group

The biggest problem with the Ukrainian gambling market right now is taxation, according to Viktoriya Zakrevskaya, the deputy chair of trade group the Ukrainian Gambling Council.

February 8, 2024

EU Instant Payments Regulation Clears Final Hurdle

Members of the European Parliament have adopted new rules to ensure transferred funds arrive immediately into the bank accounts of retail customers and businesses across the EU by a huge majority.

February 8, 2024

Wise Takes Fight Against Junk Fees To Capitol Hill

With a new survey on US consumer attitudes towards junk fees in hand, Wise is taking its fight against hidden charges in cross-border payments to lawmakers on Capitol Hill.

February 8, 2024

Nordic-Baltic Banking Groups Issue Pre-Election EU Wishlist

Banking associations in the Nordic and Baltic countries have set out their hopes for the EU’s next political mandate, including topics such as payment services and money laundering prevention.

February 8, 2024

Daily Dash: Worldpay Now An Independent Company

Worldpay has closed its previously announced transaction to become an independent company, and Sweden’s Swish app has begun the process of switching over to a Riksbank system for settlements.

February 7, 2024

Future Brighter For 'Skill-Game' Machines In Pennsylvania, Virginia

Although regulated skill game machines in Virginia and Pennsylvania could generate significant tax revenues, gaming companies remain opposed to any efforts to legitimize what they see as a threat to their industry.

February 7, 2024

Brazil's First Licensing Window To Open In March

José Francisco Manssur, who is tipped to become Brazil’s chief gambling regulator, has revealed that the first licensing window for online betting will be open from March to June.

February 7, 2024

DraftKings, Fanatics Battle On Display In New Lawsuit

The simmering war between DraftKings and Fanatics has taken a new turn, with DraftKings suing a former company executive claiming he stole confidential information and took it with him to a new position at the rival operator.

February 7, 2024

Romanian Gambling Industry Braced For Another 'Tough' Year

Romania’s gambling market is braced for more difficulties this year despite 2023 being the “toughest year for the industry”, according to the vice president of trade group Rombet, Dan Iliovici.

February 7, 2024

What Are The Lessons Learned From India's UPI Success?

The Unified Payments Interface (UPI), the instant payment system at the centre of India’s digital finance revolution, has positioned the country as a global leader and has the potential to expand internationally.

February 7, 2024

Daily Dash: Worldline, Commerzbank Expand Instant Payments Partnership In Switzerland, EU

Worldline has equipped Commerzbank to meet new instant payments regulations in the EU and Switzerland, while Tesco has given the all-clear following a major one-day outage of its contactless payment systems.

February 6, 2024

Massachusetts To Take Action Over BetMGM College Prop Bets

Two hearings for sports-betting operators seeking to exit Massachusetts are expected to resume Thursday, while no date has been set yet for an adjudicatory hearing concerning BetMGM accepting thousands of proposition bets on college football games in violation of state regulations.