Insights Archive

September 13, 2023

MGM Resorts Struck By Massive Cyberattack

Officials at MGM Resorts International continue to make progress in recovering from a cyberattack that affected credit card transactions, gaming operations and other computerized systems throughout its resorts.

September 13, 2023

Dutch Regulator Finds Shortcomings In Duty Of Care

The Netherlands Gambling Authority said it has found shortcomings in gambling licensees’ duty of care responsibility to prevent gambling addiction, so it will tighten its own codes, and recommends clarifying changes to legislation and Ministry of Justice regulations.

September 13, 2023

FIFA Bans Three Brazilian Players For Life In Match-Fixing Case

Three Brazilian footballers have been banned for life from the "beautiful game" by FIFA, as punishment for their complicity in match-fixing.

September 13, 2023

Brazil Set To Place Big Bet On Online Casino

The lower house of Brazil’s Congress is poised to vote Wednesday on a heavily amended sports-betting bill that would also now authorise online casino games while maintaining high taxes and fees that have been sharply criticised by operators.

September 13, 2023

Too Much Too Soon? UK Crypto Firms Overwhelmed By New FCA Rules

UK crypto firms are struggling to meet new compliance demands set out by the Financial Conduct Authority (FCA), following its decision to put two major deadlines in two consecutive months.

September 13, 2023

Instant Payment Battle Heats Up In The US, As RTP Surpasses 1m Daily Transactions

The Clearing House’s (TCH) real-time payment network (RTP) has hit a major daily transactions milestone, as TCH seeks to highlight the success of its own infrastructure following the launch of FedNow.

September 13, 2023

Criminals Having Field Day Using BNPL, AI For Fraud, Warns Europol

European criminals are increasingly using buy now, payer later (BNPL), artificial intelligence (AI) and virtual IBANS (vIBANS) to steal and launder funds, a new report has claimed.

September 12, 2023

Petitions To Allow Voters To Decide Fate Of Missouri Sports-Betting Filed

After legislators failed once again to pass a sports-betting bill in Missouri last session, an attorney representing supporters of legalizing retail and mobile wagering have filed petitions to let voters decide on the issue.

September 12, 2023

Parimatch Subsidiary Files Lawsuit To Scrap Zelensky's Decree

Weplay Media Holding Limited, an offshoot of Ukrainian bookmaker Parimatch, has filed a lawsuit against President Volodymyr Zelenskyy in an attempt to win back its gambling licence in the country.

September 12, 2023

UK Health Department Acknowledges Gambling Suicide Impact

The UK Department of Health & Social Care has said evidence points to links between “harmful gambling” and suicide, highlighting it in the country’s new suicide prevention strategy.

September 12, 2023

Time To Take 'Pig Butchering' Scams Off The Menu, Says US Regulator

The US Financial Crimes Enforcement Network (FinCEN) has warned against a fast-growing crypto scam known as "pig butchering", which involves the financial fattening of the victim.

September 12, 2023

Gift Cards In Trouble As EU Negotiates AML Regulation

Trade associations representing electronic money issuers, distributors and retailers have called on EU institutions to abstain from introducing mandatory customer identification for low-value prepaid cards.

September 12, 2023

End Of The Line For Square? Merchants' Fury Following Four-Day Outage

Block is likely headed for a class action lawsuit following an "unacceptable" global outage of Square, its small business merchant acquiring arm, sources have told Vixio.

September 12, 2023

Swedish Trade Group Approves Of Higher Money Laundering Fine Proposal

The Swedish online gambling trade group has said it approves of plans to increase fines for money laundering violations, but warned they should be based on gross revenue to be fair.

September 12, 2023

Florida Sports Betting Moves Closer To Revival After Court Decision

A federal appeals court in Washington, D.C. on Monday issued an order that could accelerate the resurrection of sports betting in Florida after a two-year hiatus.

September 12, 2023

Daily Dash: US Plays Down Digital Dollar Plans

The Federal Reserve has said the US is a long way from issuing a central bank digital currency, Ireland has seen a surge in money mule activity, and a new study in Australia has found that slower payments might be the way to beat fraud.

September 11, 2023

Irish Child Gambling Report 'Deeply Troubling', Says Minister

The Irish government minister in charge of gambling policy has called the findings of a report on children and gambling “deeply troubling”.

September 11, 2023

Penn Entertainment Eyeing Pole Position For ESPN BET

During an investor conference on Thursday, CEO Jay Snowden told analysts he was confident that Penn Entertainment has the right recipe for success with its ESPN BET venture, including crucial buy-in from new partners at ESPN and Disney.

September 11, 2023

North Carolina Gaming Expansion Chances Appear Bleak

North Carolina’s House Speaker has indicated that a massive gaming expansion proposal does not have enough support among the party that controls the state legislature to be included in the state’s forthcoming budget bill.

September 11, 2023

US Consumer Watchdog Scrutinises Tap-To-Pay Restrictions By Bigtechs

Mobile payment restrictions by Apple and Google have been put under the spotlight by the Consumer Financial Protection Bureau (CFPB), as the most powerful US consumer agency closes in on an open banking work.

September 11, 2023

UK Regulator Extends Deadline To Comply With New Crypto-Asset Promotion Rules

In response to industry feedback, the UK's Financial Conduct Authority has postponed the deadline for firms to comply with "tough" new rules on crypto-assets promotions.