Insights Archive

February 2, 2024

News In Brief: January 29-February 2, 2024

Allwyn and the UK Gambling Commission address Russia allegations, the National Collegiate Athletic Association bans insider betting coach and Nigeria launches its monitoring system.

February 2, 2024

SkyCity Admits Breaches, Raises AML Penalty Provision To $48m

Adelaide casino operator SkyCity Entertainment Group has increased the amount of cash it is reserving to pay a likely penalty for breaches of anti-money laundering (AML) legislation from A$45m to A$73m (US$48m), following a general agreement with the federal regulator before Federal Court.

February 1, 2024

Mississippi Mobile Sports Betting On The Move At Last

Since Mississippi launched retail sports betting almost six years ago, multiple bills to authorize mobile wagering have been introduced in the legislature but never passed the committee stage, until now.

February 1, 2024

Operator Sues Chilean Regulatory Bodies For Overstepping Authority

Online gambling operator Latamwin Group has sued Chile's casino and telecoms regulatory bodies for trying to impose legal restrictions that fall outside their jurisdiction.

February 1, 2024

Empty Finnish Payment Blocklist Draws Criticism

Finland’s payment blocklist is currently empty a year after its implementation, drawing criticism from a trade group representing the Finnish financial industry, but the National Police Board says it is a good deterrent.

February 1, 2024

French Regulator Warns Of Illegal Online Casinos On Facebook

Unauthorised and illegal online casino websites are mimicking French land-based casino brands on Facebook to divert players to their websites, France’s National Gambling Authority (ANJ) has said.

February 1, 2024

Visa Shifts Focus To Cross-Border And International As US Market Slows

2024 has gotten off to a “solid start”, says Visa CEO Ryan McInerney, but a slowdown in the US means that a pivot to cross-border and overseas markets is on the cards.

February 1, 2024

UK Labour Commits To Fintech-Friendly Policies

The UK’s Labour Party has said that it will “deliver the next phase” of open banking and “embrace the potential” of open finance in a new statement of intent to the financial services industry.

February 1, 2024

Daily Dash: UAE Completes Cross-Border CBDC Transaction With China

The United Arab Emirates (UAE) celebrated its central bank’s 50th anniversary with a cross-border digital currency transaction, while Luxembourg’s bankers have shared their concerns about the EU’s open finance plans.

January 31, 2024

Georgia Sports-Betting Legislation Clears First Hurdle

New legislation that would permit sports betting in Georgia without an accompanying state constitutional amendment began to make its way through the General Assembly on Tuesday, clearing a Senate committee.

January 31, 2024

German Gambling Industry Seeks More Transparent Regulation

The German gambling industry would like to see the Joint Gambling Authority of the States hold consultations on gambling policy like the UK’s Gambling Commission does, lawyers have said.

January 31, 2024

New York Sues Citibank Over Fraud Protection Failings

Citibank maintains poor security and anti-fraud protocols that are leading to consumer losses, New York’s attorney general Letitia James has said as she sues the retail banking giant.

January 31, 2024

EU's PSR 'The Last Sweep' For Commercial Agent Exclusion

The commercial agent exclusion looks set to be no longer viable in the EU’s Payment Services Regulation (PSR), as the requirements to be able to use it become tighter.

January 31, 2024

Daily Dash: Netherlands Launches New Consultation On Access To Cash Bill

The Netherlands is seeking views on a new bill that could impose mandatory ATM requirements on large banks, and Circle has reignited its bid to become the world’s first publicly traded stablecoin issuer.

January 31, 2024

Chinese Lotteries Smash Sales Record To Hit $81bn

China’s lottery industry hit an all-time volume record in 2023, racking up a 36.5 percent increase in sales to $81bn on the back of an aggressive sports-betting market.

January 30, 2024

Maryland Bills Set Stage For Online Gaming Push

Maryland Democratic state Senator Ron Watson has filed two internet gaming bills that could potentially raise millions of dollars in new tax revenue if concerns over cannibalization of gaming revenues and job losses can be addressed.

January 30, 2024

Brazil To Curb Social Media Influencers' Endorsement Of Online Gambling

The Brazilian Ministry of Finance is reportedly preparing an ordinance to control sponsored content from influencers and celebrities when it comes to endorsing online gambling.

January 30, 2024

Northern Ireland APG Preparing Gambling Reform Recommendations

Northern Ireland’s All Party Group on Reducing Harm Related to Gambling (APG) is preparing a list of recommendations to the Northern Ireland Executive on gambling reforms, but legal changes are still likely many years away.

January 30, 2024

'A Total Farce' - Spotify Rubbishes Apple's New iOS, App Store Plans In EU

Spotify has voiced strong opposition to Apple’s new commissions and app payment rules within the EU, calling them a "new level of arrogance" and an affront to the Digital Markets Act.

January 30, 2024

CBDC Opposition Gains Traction In US

Anti-CBDC bills are gaining traction in the US, driving debate on the potential impacts of bringing in a digital currency. Although they could threaten international US dollar dominance, firms eye the opportunities and risks of introducing central bank digital currencies (CBDCs).

January 30, 2024

Manhattan Calls On Venmo, Zelle And Cash App To Improve Customer Protection

The Manhattan District Attorney’s Office has asked the companies that own Venmo, Zelle and Cash App to provide better consumer protections following a spike in payment app thefts.