Insights Archive

August 30, 2023

Suicide-Prevention Charity Says Gambling Lobbyist Twisted Guidance

The Samaritans suicide-prevention charity is condemning as “disgraceful” comments on suicide by the UK’s top gambling trade group chief, calling them an attempt to twist the agency’s guidance and “downplay the devastating impact gambling products can cause”.

August 30, 2023

Australian Slots King ALH Fined For Pulling Harm Technology

A Victoria state court has fined leading slots operator Australian Leisure and Hospitality Group (ALH) A$600,000, including costs, for its “wilful” failure to install pre-commitment technology on hundreds of slot machines.

August 29, 2023

Beyond Brussels: Reaction To The Digital Euro

As the dust settles on the European Commission’s Single Currency Package, there are questions as to how easily the key payments legislation will pass and how the industry will react.

August 29, 2023

New York Set To Write US History With Public Beneficial Ownership Register

While US federal efforts are stuttering, New York is moving fast ahead with its own beneficial ownership register proposal that goes far beyond its federal counterpart.

August 29, 2023

Nevada Regulator Clarifies Need For Gaming Device Field Tests

Nevada gaming regulators are making it easier for manufacturers to get their products on the casino floor as they ease requirements for field testing of new technologies, slot machines and table games.

August 29, 2023

Maryland Lottery Penalizes DraftKings For Underage Marketing

Maryland regulators have approved a series of consent agreements with monetary penalties, including a near six-figure payment from DraftKings for marketing to underage persons.

August 28, 2023

Will Scientific Sports-Betting Models Make Intuition Wagers Obsolete?

The house always wins and technological advances have given sportsbooks even more of an advantage in the digital era, but a college professor in New York is trying to tilt the playing field more toward overmatched gamblers.

August 28, 2023

Amid Rising Regulatory Tension, U.S. Fantasy Sports Landscape Shifting

Mounting regulatory scrutiny of new variants of daily fantasy sports contests comes amid a significant shake-up of the national leaderboard in a segment formerly synonymous with DraftKings and FanDuel.

August 25, 2023

UK Regulator Fines Morgan Stanley For WhatsApp Misuse

After WhatsApp use cost big banks billions of dollars in fines in the US, a UK regulator has now handed out the first fine to Morgan Stanley for discussing trade matters on personal devices.

August 25, 2023

No CBDC Anytime Soon, Says Australia’s Central Bank, As Regulatory Issues Surface

The Reserve Bank of Australia's research has found that a central bank digital currency (CBDC) in the country could pose opportunities for payments innovation, but the chances of one being issued in the short term are unlikely.

August 25, 2023

Daily Dash: Binance Woes Continue

Binance has wound down its debit card product in Latin America and the Middle East, while Sweden’s central bank has said its central bank digital currency project is shifting focus.

August 25, 2023

Massachusetts Operators Given Data Privacy Rules Delay

Massachusetts regulators have approved a temporary waiver for sports-betting operators to implement newly-approved data privacy rules after all of the state’s operators requested a delayed implementation.

August 25, 2023

Illegal Online Operations Migrating From Laos To Myanmar: Report

Government pressure on illegal online gambling operations in Laos’ Golden Triangle Special Economic Zone has resulted in migration of operations to Myanmar border towns near Thailand, according to the International Crisis Group.

August 25, 2023

Sports Betting Taking On Harmful Characteristics Of Slots Play, Study Says

Sports betting has transformed into “a faster and more harmful gambling mode” akin to gambling on slot machines, so regulators and researchers will need to move quickly to keep up with potential harm, according to a recent academic study.

August 25, 2023

News In Brief: August 21-August 25, 2023

Golfer Rory McIlroy expresses concerns over bettors attempting to affect the outcome of golf events.

August 24, 2023

Singapore Regulator Defends Cheque Phase Out

Singapore’s financial watchdog has expressed sympathy with those hit by its decision to eliminate corporate cheques, but suggests there is no going back.

August 24, 2023

Japan Closes In On Cashless Goal

Cash payments have declined steadily in Japan, which increases convenience for consumers and can also contribute to environmental goals, Payments Japan has said.

August 24, 2023

Week In Crypto: Doubts Raised Over Binance EU Withdrawals Following Deleted Post

Mixed messages from Binance point to euro withdrawal chaos, Ripple heads back to court to fend off an SEC appeal, and Thailand threatens to shut down Meta over crypto scams.

August 24, 2023

Pennsylvania Legislators Seek Solution To Grey-Machine Expansion

A group of Pennsylvania legislators discussed the proliferation of so-called grey machines during a hearing on Wednesday and expressed a desire for a legislative solution sooner rather than later.

August 24, 2023

College Football Season Set To Open Amid Iowa Sports-Betting Probe

Amid a high-profile investigation in Iowa, it is almost as if college football is hoping against hope there will not be another explosive sports-betting scandal as a new season opens on August 26.

August 24, 2023

German Regulator Says Maltese 'Shield' Not Compatible With EU Law

The German gambling regulator, the Joint Gambling Authority of the Federal States (GGL), has said it believes Malta’s “protective shield” for its gambling companies is not compatible with European Union regulations on recognition of judgments in another jurisdiction.