Insights Archive

January 4, 2024

Bomb Threat Disrupts Debate On Maine Tribal iGaming

Maine’s state lawmakers are considering three bills to expand tribal gaming to include internet gaming, casinos, historic horseracing and electronic beano, amid strong opposition from commercial casinos and the state gambling regulator.

January 4, 2024

Mexican Operators Win Injunctions Against Presidential Decree

A district judge in Mexico has granted injunctions to three gaming operators that protect them from a November decree banning new licences for slot machines and other casino-style games.

January 4, 2024

Entain Appoints Hedge Fund Boss Ricky Sandler To Board

Entain has added an activist investor and critic to its board of directors.

January 4, 2024

China Seeks To Modernise Non-Bank Payment Sector In New Regulations

China has adopted a new set of regulations on non-bank payment institutions that will seek to modernise the sector and bring it under closer supervision of state regulators.

January 4, 2024

Daily Dash: UPI Hits 100bn Milestone

India’s payments success story continues as the Unified Payments Interface (UPI) hits another accomplishment, while the European Central Bank has issued five new tenders for the digital euro project.

January 4, 2024

India Mulls Shelving Self-Regulation For Online Gaming

The Indian government is considering an about-face on online gaming regulation, potentially dispensing with industry self-regulation altogether and placing operators under direct government scrutiny.

January 3, 2024

PrizePicks Pledges To Defend Its Fantasy-Sports Turf

PrizePicks CEO Adam Wexler has said his company is looking to protect its fantasy-sports turf despite efforts in multiple states to curtail the company’s pick’em-style games, even as it prepares to launch a peer-to-peer product.

January 3, 2024

Wider Adoption Of Cashless By U.S. Gambling Industry Still A Year Away

If it were up to the CEOs of Pavilion Payments or Sightline Payments, adoption of cashless wagering apps by casino patrons would be much further advanced than where it is in the early days of 2024.

January 3, 2024

Brazil Warns Tech Giants To Obey Advertising Regulations

Tech giants Meta, TikTok and Google have reportedly been warned by Brazil’s Ministry of Finance against breaking new sports-betting advertising regulations after failing to apply over-18 labels on their platforms.

January 3, 2024

Netherlands Plans Tighter Monthly Deposit, Spending Checks

Citing “worrying and undesirable developments”, the Dutch minister in charge of gambling issues is planning to tighten controls on voluntary deposit limits.

January 3, 2024

Daily Dash: Revolut Revenue Tops $1bn But Higher Costs Wipe Out Profit Margin

Revolut profits have flat-lined despite significant customer growth in 2022, Brits broke a single-day cash withdrawal record just before Christmas, and Affirm has gone live at Walmart self-checkouts.

January 3, 2024

Australian PSPs Given 18 Months To Comply With New Tokenisation Standards

The Reserve Bank of Australia has confirmed that it expects the country’s payments industry to be ready to meet new standards on card tokenisation by the end of June 2025.

January 3, 2024

'Government Is Busy Elsewhere': How BNPL Slipped Off The UK Agenda In 2023

2023 was supposed to be the year that the UK government introduced regulation for the buy now, pay later (BNPL) industry. However, the UK industry enters 2024 in limbo, even as other jurisdictions jump ahead.

January 3, 2024

European Mobile Payment Companies Reach Interoperability Agreement

Leading European mobile payment solutions MB WAY, BANCOMAT Pay and Bizum have established a first step towards interoperability.

January 3, 2024

Singapore Stops Non-Bank, Non-Card Remittances To China

Singapore’s finance regulator has demanded that remittance companies suspend remittances to China through non-bank and non-card channels.

January 2, 2024

Colorado Moving Forward With Sports-Betting Exchange Rules

Colorado gaming regulators will begin work this month on new regulations to allow sports-betting exchanges to operate within the state after the chief executive of Novig Laboratories again requested to offer a wagering exchange.

January 2, 2024

Latvia To Offer Fintechs Direct Access To Payment System

Latvia’s central bank has jumped ahead of the EU’s soon-to-be-passed Instant Payments Regulation and has said that fintech companies will be granted access to the Baltic country’s retail payment system.

January 2, 2024

Nagasaki's Integrated Resort Hopes Suffer Death Blow

Nagasaki’s campaign to host an integrated resort (IR) has collapsed after a central government ministerial advisory committee opposed the prefecture’s bid over funding, lack of operational experience and problem gambling concerns.

January 2, 2024

Lula Launches New Era In Brazil Online Gambling

A new era for gambling in Brazil began on December 30 when President Luiz Inácio Lula da Silva signed a law to regulate online gaming and sports betting, shifting the focus to Lula’s Ministry of Finance to implement the landmark legislation over the early months of 2024.

December 22, 2023

Brazil Congress Approves Online Casino, Sports-Betting Bill

Brazil’s Chamber of Deputies gave the online gambling industry an early Christmas present in the small hours of Friday morning when it granted final approval to a bill to regulate both sports betting and online casino games.

December 21, 2023

Future Of 'Skill-Game' Machines Looks Different In Different States

After Kentucky enacted a ban this year, lawmakers in Pennsylvania, Virginia and Michigan are set to consider legislation in 2024 to determine the fate of unregulated gaming devices supposedly requiring player skill.