Insights Archive

January 12, 2024

Week In Crypto: Bitcoiners Celebrate SEC Approval For Spot ETFs

The crypto industry is triumphant following a major U-turn on spot Bitcoin exchange-traded funds (ETFs) by the US securities regulator, though critics have strongly opposed the move.

January 12, 2024

Consumer Group Accuses Starbucks Payment System Of 'Dark Patterns'

A US consumer protection group has claimed that the coffee giant is rigging its payment system to increase profits.

January 12, 2024

Daily Dash: Google Starts 2024 By Laying Off Over 1,000 Staff

Google has opened 2024 by announcing major layoffs throughout the company, while Commerzbank and Global Payments have announced a new joint venture.

January 12, 2024

Updated New York Online Casino Bill Filed In Senate

New efforts to legalize online casino gaming in New York, which would be a crown jewel for the slowly-expanding U.S. iGaming market, began in earnest Thursday with the filing of new legislation in the state’s Senate.

January 11, 2024

Georgia Committee Advances Sports-Betting Legislation

Georgia legislators have taken the first step in a renewed effort to enact sports betting in the state, with potential enabling legislation clearing a Senate committee on the second day of the 2024 session.

January 11, 2024

Legal Clarity For Fantasy Sports On Florida Legislative Agenda

A Florida senator has filed two bills that would legalize and regulate daily fantasy sports while trying to ban pick’em style contests that gaming regulators believe may violate state law, while a third proposal moves through the legislature.

January 11, 2024

Draft Curaçao Online Gambling Bill Draws Fire

Curaçao’s draft National Ordinance on Gambling is running into complaints, with the influential Advisory Council saying it has a “number of objections” and recommending that it be extensively revised.

January 11, 2024

Polish MP Calls On New Government To Loosen Cash Poker Regulations

Despite only being in power for less than a month, Poland’s new government is now facing calls from an opposition lawmaker to legalise cash poker games outside casinos and overhaul the taxation of these games.

January 11, 2024

Critics Object To 'Onerous' Plans To Regulate Big Tech Payment Apps In US

The Computer and Communications Industry Association has pushed back on new plans to regulate US big tech payment apps, describing them as a solution looking for a problem to solve.

January 11, 2024

Revolut Served With Class Action Suit In Illinois

The UK fintech is facing a class action lawsuit in Illinois over alleged abuse of biometric data collection.

January 11, 2024

Daily Dash: European Commission Consults On Generative AI And Virtual Worlds

The European Commission has opened a new consultation on generative AI, Indian fintech Mobikwik has filed to go public, and South Korea’s KakaoPay has seen a 14-fold surge in transaction value from foreign tourists.

January 11, 2024

Top Aristocrat Game Designer's Home Searched Over Downloads

The Australian Federal Court authorised a search this week of the home of Aristocrat Leisure’s principal director of game design over thousands of files he allegedly downloaded from company servers.

January 10, 2024

Pending Federal Rules Set To Give Tribes More Mobile Betting Options

Regulations from the U.S. Department of the Interior's Bureau of Indian Affairs that could streamline tribal efforts to expand into online gambling remain pending more than a year after their initial proposal.

January 10, 2024

Casino Expansion On Virginia's 2024 Legislative Agenda

As lawmakers return for Virginia’s 2024 legislative session on Wednesday, debate is set to resume on whether to clear the way for ballot referendums to determine if a fifth or even sixth casino is built.

January 10, 2024

French Regulator Warns Of Marketing Risks Ahead Of Busy Sports Year

France’s national gambling regulator has partially rejected the advertising strategy of online poker firm Winamax and attached “demanding” requirements to several other operator’s plans.

January 10, 2024

Can Tether Escape The US Crypto Crackdown In 2024?

After a year of major enforcement actions against crypto firms in the US, Vixio speaks with blockchain analytics firm ChainArgos about the likelihood of similar charges being filed against Tether.

January 10, 2024

Lithuania Fintech Sector Is Booming, But Regulator Issues Warning Over Liquidity

Lithuania’s e-money and payments sector is continuing to flourish; however, the central bank has urged institutions to be cautious in how they safeguard client funds.

January 10, 2024

Daily Dash: New EU Cybersecurity Rules Enter Into Force

The European Commission has confirmed that its new Cybersecurity Regulation is now in force, and Cambodia has announced that its new cross-border QR code linkage with China’s UnionPay is now live.

January 10, 2024

Gamesys To Pay £6m Penalty For AML, Social Responsibility Failures

London-listed online operator Gamesys is set to pay a £6m penalty and undergo a third-party audit after a UK Gambling Commission investigation revealed a host of social responsibility and anti-money laundering (AML) failings.

January 10, 2024

Philippine Sports Regulator, Police Botch Raid On POGO Licensee

Evidence of tension in online gambling enforcement in the Philippines has emerged via a botched raid by a sports gambling regulator on a legitimate offshore-facing online gambling operation.

January 9, 2024

Opposition Remains As Efforts Underway For California Sports-Betting Initiative

California sports-betting proponents have begun signature collecting in an effort to qualify their amended measure for this year’s ballot, despite opposition from many Indian tribes.