Insights Archive

November 23, 2023

Binance Breaks Records In $4.3bn Criminal Settlement With US Agencies

After months of speculation over a potential criminal case against Binance, the US Department of Justice has published details of charges, convictions and a historic settlement all in one day.

November 23, 2023

Daily Dash: FedNow Will Complement RTP Network, Says Fed Head

A Federal Reserve head has defended the co-existence of two instant payment rails in the US, Hong Kong and Abu Dhabi have entered a new fintech regulation partnership, and Poland’s BLIK will expand into Romania and Slovakia.

November 22, 2023

Washington Gaming Regulators Close Out 2023 With Guns, Cash And Raffles

Washington state gaming regulators have rejected efforts to expand the sale of 50/50 raffle tickets outside an arena or stadium, despite the raffles' popularity with fans attending sporting events.

November 22, 2023

German Trade Groups Urge Flexible Regulation To Fight Illegal Gambling

German gambling industry trade groups are calling for “flexible regulation” as a method of beating the black market, citing a new study they commissioned which suggests half of all playing time is spent on illegal websites.

November 22, 2023

Japan Charges Online Gambling Middle-Man With Organised Crime Offence

Japanese police are prosecuting online gambling activity with full force for the first time, re-arresting a payments executive on organised crime charges, while charging a second executive and probing five alleged collaborators and 21 customers.

November 22, 2023

Industry Group Pushes For Open Banking In Canada

“It is long past time for Canada to embrace open banking,” a key technology group has said, launching a new campaign as momentum for open banking reform continues to grow.

November 22, 2023

Daily Dash: Mastercard Gets Green Light From China

Mastercard has been approved to commence domestic card processing in China after a nearly four-year approval process, while an Irish trade association has lobbied the government for a national fintech centre.

November 22, 2023

Japan Charges Online Gambling Middle-Man With Organised Crime Offence

November 22, 2023

Senate Bill Requires Brazilian Investment In Online Operators

A key senator has released an updated version of legislation to regulate online betting and casino games in Brazil, with a six-month transition period now proposed for offshore operators who could only obtain a licence if they have local investment partners.

November 21, 2023

Florida Fantasy Sports Battle Continues

Pick’em-style fantasy sports operators continue to operate in Florida more than two months after the state gaming regulator sent at least three prominent operators letters ordering them to cease offering contests in the state.

November 21, 2023

Ethical Use Of Artificial Intelligence Critical In U.S. Gaming Industry

Artificial intelligence can be used in a variety of ways to improve the gaming experience, from developing new, more challenging games to creating a more immersive experience, but its ethical use is still a subject of concern, according to researchers.

November 21, 2023

New Ukraine Bill Draws Allegations Of Rule-Bending For Lotteries

Ukraine’s parliament is debating draft Bill 10101, which some claim could allow national lottery operators to run casinos, bookmaking and slot operations at significantly lower costs than those imposed by the current licensing system.

November 21, 2023

Swedish Trade Associations Split Over Proposed Money Laundering Fine Changes

The Swedish government's plans to make gambling firms face the same maximum fines for money laundering law breaches as they do for gambling fines has split the opinion of local trade groups.

November 21, 2023

US Regulator Hits Kraken With Compliance Failure Claims

The US Securities and Exchange Commission has charged crypto exchange Kraken over a range of compliance violations dating back to 2018.

November 21, 2023

Huge Cut To Visa Debit Interchange Shakes Up Payments Market In Australia

A 90 percent cut to Visa Debit interchange fees on certain transactions in Australia has issuers and acquirers scrambling to reposition themselves in a rapidly changing market.

November 21, 2023

Daily Dash: Los Angeles Bans Merchants From Going Cashless

Lawmakers in Los Angeles have unanimously rejected the move towards a cashless city, the CEO of Epic Games has labelled Google "crooked", and new research has found that Australians are cutting back on subscriptions.

November 21, 2023

Lithuania Urges Payment Firms To Strengthen ICT Capabilities

Lithuania’s central bank has warned e-money and payment institutions over how they manage third-party information and communication technologies (ICT) risks, pushing for stronger supervision.

November 20, 2023

Ohio Grants Six-Month Sports Betting Use It Or Lose License Extension

Mobile and retail sports-betting licensees that have yet to launch in Ohio will get a six-month extension after gaming regulators approved a waiver for more than a dozen licensees.

November 20, 2023

Florida Supreme Court Denies Request To Halt Seminole Sports Betting

The Florida Supreme Court has unanimously denied a request to require the Seminole Tribe to suspend online sports betting while the court determines the fate of wagering in the state.

November 20, 2023

Daily Dash: Singapore QR Code Tie-Up With Indonesia Goes Live

Singapore has launched its QR code linkage with Indonesia, Mastercard has unveiled a CBDC-backed debit card in Kazakhstan, and Hong Kong has moved ahead with a pilot using multiple credit reference agencies.

November 20, 2023

Singapore Publishes Further Requirements For COSMIC Data Sharing

The Monetary Authority of Singapore has opened a new consultation on requirements for financial institutions using COSMIC, a platform designed to prevent money laundering and terrorist financing.