Insights Archive

October 11, 2023

South Africa's Online Gambling Bill Stalled But Not Dead

South Africa’s draft bill that intends to “fill the gap in the law” around online gambling has stalled for more than a year; however, industry sources say it is not dead in the water just yet.

October 11, 2023

DORA Preparation Sparks Overhaul In Risk Management

The Digital Operational Resilience Act (DORA) is on its way to becoming enforceable, and experts are warning it is time to take stock and prepare for a significant change in risk management.

October 11, 2023

CFPB's Chopra: More Regulation On Data Surveillance Or US Risks Becoming China

The Consumer Financial Protection Bureau (CFPB) is exploring a series of regulatory actions to address excessive data surveillance by payment platforms, director Rohit Chopra said warning the US may turn into a China-like market if platforms are left unchecked.

October 11, 2023

Daily Dash: Social Media Scams Continue To Wreak Havoc

A regulator has found that US social media users have lost $2.7bn to scams on the platforms since 2021, while a New York start-up has launched a product built on top of FedNow in a first.

October 11, 2023

News In Brief: October 9-October 13, 2023

Sweden will join the international Macolin Convention on sports integrity, while Ecuador becomes the latest South American country to become embroiled in a match-fixing scandal.

October 10, 2023

Peruvian Players Demand Investigation Into Match Fixing

Peru’s football players association is on the defensive, demanding an investigation into match-fixing from the football association as they claim that they are being targeted.

October 10, 2023

Romania Legal Change Implementation Timeline 'Potentially Not Feasible', Says Lawyer

Romania’s government has approved legal changes to the country’s gambling laws that will increase licence costs and add new “special fees” to tackle gambling harms, alongside other restrictive requirements.

October 10, 2023

FCA Issues 146 Warnings Over New Crypto Promotion Rules

The UK Financial Conduct Authority (FCA) has revealed that it has issued warnings to 146 firms within the first 24 hours of its new crypto-asset promotion rules going live.

October 10, 2023

Crypto Companies Win Partial Victory Over Dutch Central Bank

Crypto-asset firms, including Binance successors Coinmerce and Bitvavo, have claimed a partial legal victory in their battle against the $2.3m fees imposed by Dutch regulators.

October 10, 2023

US Consumers Claim Harm From PayPal Merchant Fees

A class action complaint filed last week in California claims that certain merchant agreements in PayPal’s contracts have led to higher consumer prices.

October 10, 2023

Daily Dash: California’s Money Transmission Act Now Law

California’s governor has signed the state’s Money Transmission Act into law, while the Bank of Lithuania has suspended the activities of an e-money firm.

October 10, 2023

U.S. Gambling Regulators Evaluate Data Protection, Cybersecurity Challenges

State gambling regulators have stressed that they are focused on protecting consumers from cyber threats following recent cyberattacks that impacted an undetermined number of customers of MGM Resorts and Caesars Entertainment.

October 10, 2023

Ontario Ended iGaming Grey Market But Challenges Remain

The open, competitive internet gaming market in Ontario is about 18 months old and even with lingering concerns about advertising practices and regulations, gaming executives and provincial regulators believe it is a model other Canadian provinces can take a look at when designing their own markets.

October 9, 2023

Distributed Gaming Next Frontier For Pennsylvania Industry

Although Pennsylvania has spent the last two decades growing into the second largest U.S. gaming market in terms of revenue, a Senate committee has begun to consider further potential updates to the state’s gaming law.

October 9, 2023

FCA’s ‘Tough’ New Crypto Promotion Rules Go Live

After much guidance and complaints of “poor engagement” from the regulator, the UK’s “tough” new crypto-asset promotion rules officially came into effect on Sunday (October 8).

October 9, 2023

FCA Halts Activity At E-Money Issuer

E-money issuer Nvayo has said it is working with the UK regulator to resolve concerns, as it carries out severely restricted activity.

October 9, 2023

Daily Dash: BNPL Sponsorship Sparks Criticism For Labour

The UK Labour Party has been chastised after a buy now, pay later (BNPL) firm sponsored a party conference event, NatWest has started offering transaction categorisation, and Metro Bank is reportedly in trouble after its shares plunged.

October 9, 2023

Nigeria’s Federal Regulator At Odds Again With Lagos Regulator

Nigeria’s federal gambling regulator has sought to clarify the status of a number of operators it licenses, after a notice from a state regulator claiming they were “illegal and unlicensed” caused widespread confusion.

October 9, 2023

Delhi Finance Minister Slams GST Council, Tax Office Over Online Policy

India’s GST Council on Saturday (October 7) affirmed an industry-threatening goods and services tax (GST) regime for all real-money gaming, triggering an attack on the “unstable, erratic tax environment” by the capital city’s finance minister, who demanded the retraction of tax notices sent to online operators.

October 9, 2023

Nevada Regulator Urges Caution Over Portable Licensing In Gaming

A new member of the Nevada Gaming Commission is urging the Nevada Gaming Control Board to forbid so-called portable licensing, which allows gaming executives and other employees to move from one casino to another, even if they are bad actors who are not doing a good job.

October 6, 2023

News In Brief: October 2-October 6, 2023

UK health guidance suggests asking about gambling habits, Caliplay launches legal proceedings in Mexico City against its partner Playtech and Authentic Gaming live dealer games approved in Michigan.