Insights Archive

October 30, 2023

California Tribes Oppose Latest Sports-Betting Initiatives

California Indian tribes are fiercely opposing two new sports-betting ballot initiatives filed with the state attorney general’s office, even though the measures would give tribes full exclusivity over retail and mobile wagering.

October 30, 2023

Virtual Gaming Worlds Pulls Sweepstakes Casino Games From Michigan

Virtual Gaming Worlds, which operates the leading sweepstakes-based casino website Chumba Casino, will exit the Michigan market after an analysis of the regulatory environment, a company spokesman confirmed.

October 30, 2023

Dutch Regulator Fines GoldWin €6.79m For Offering Unlicensed Gambling

The Netherlands Gambling Authority (KSA) has imposed a fine of €6,794,000 against Malta-based GoldWin Limited for illegally offering online gambling to Dutch consumers without a local licence, alongside a smaller fine for a formerly Malta-based company.

October 30, 2023

Greece Targets Illegal Operators As Online Market Continues To Grow

The head of the Greek gambling regulator has called on government authorities to help address the “significant” losses in revenue to illegal gambling.

October 30, 2023

Daily Dash: Credit Cards Cost Americans $130bn In 2022, Agency Says

A US regulator has warned of "persistent debt" and rising credit card expenditures, Klarna staff have threatened to strike over annual salary audits, and Taiwan has passed the first reading of a comprehensive crypto regulation.

October 30, 2023

Singapore: Firms Should Take More Responsibility In Scams

Singapore’s regulators are developing a framework for shared responsibility in dealing with phishing scams, noting that financial institutions and telecommunication companies can do more.

October 30, 2023

US Senator Calls For Terrorist Financing Decision Against Binance, Tether

A US senator has urged the Department of Justice to reach a decision on potential criminal charges against Binance and Tether for sanctions evasion and terrorist financing offences.

October 30, 2023

UK Stakeholders Call For Regulatory Alignment On AI

The sprawling nature of the regulatory landscape for artificial intelligence (AI) is a core issue for stakeholders as they push for more international and cross-sectoral harmonisation of rules.

October 30, 2023

Brazil Operators Face Early Licensing Dilemma

Operators anticipating online betting and gaming licences in Brazil have been offered a fast-tracked application process if they agree to formally register their companies’ interest within the next 30 days.

October 27, 2023

News In Brief: October 23-October 27, 2023

Dutch trade groups refute bonus allegations, the NHL suspends its first player for betting rule breaches and Colombia's new advertising rules are critiqued.

October 27, 2023

From Cage Fighting Executive To Nevada's Top Gambling Regulator

With two of the world’s biggest sporting events coming to Las Vegas in less than four months, it is almost fitting that the new chairman of the Nevada Gaming Control Board spent 15 years as a key executive of Ultimate Fighting Championship.

October 27, 2023

UK Charity Renews Demand For Football Ad Ban After Tonali Betting Suspension

Another high-profile football player has been banned for breaching betting rules, prompting one charity to renew its call for an end to gambling advertising and sponsorship in the sport.

October 27, 2023

Week In Crypto: Binance UK Director Quits As Executive Exodus Continues

Binance’s UK director quietly leaves the company, Binance hires several unnamed partners to bring back euro deposits and withdrawals, and ChainArgos claims that Islamist terror groups have handled $1bn in stablecoin transactions.

October 27, 2023

US Moves To Cut Debit Card Interchange Fee By 30 Percent

The Federal Reserve has proposed to reduce the interchange fee on debit cards from 21 to 14.4 cents for the first time since the cap was introduced in 2011.

October 27, 2023

Daily Dash: UK Economic Crime And Corporate Transparency Act Now Law

The UK has enacted a new law to crackdown on corporate fraud and corruption, and Worldline has seen its stock collapse following mediocre results and a macroeconomic warning.

October 27, 2023

Gambling Reform Leader Says UK Industry Should Scrap Political Tactics

The British gambling industry is shooting itself in the foot by engaging in a political battle it will never win, according to one of the most effective gambling reform advocates of the past ten years.

October 26, 2023

Maine Fines Underdog $391,850 Over Illegal Pick'em Contests

Maine is the latest state to take issue with “pick'em” style fantasy contests, with its regulator saying the contests violate its gaming regulations and issuing a six-figure fine to at least one company that was offering the games in the state.

October 26, 2023

Irish Operators Not Ready For New Gambling Bill, Says Survey

Ireland’s gambling industry is not ready for “the new rules covering the sector”, according to a private survey where only 17 percent of respondents stated they were ready to comply with the incoming Gambling Regulation Bill 2022.

October 26, 2023

Nigeria Plots Gambling Excise Duty

Nigeria’s government has said it will introduce a new excise duty on gambling and lotteries that includes online betting within the next few years, but remains vague on the details.

October 26, 2023

Apple Pay Later Quietly Ramps Up To Full Launch In Most US States

After a seven-month invite-only launch, Apple’s buy now, payer later service is now available throughout the US, except in states where regulatory hurdles remain.

October 26, 2023

Interview: Orum Launches First Product Built On FedNow Service

Vixio caught up with payments API provider Orum, which has built a product on top of the new FedNow rail to instantly verify bank accounts.