Insights Archive

August 24, 2023

Brazil's Ministry Of Tourism Wants Slice Of Sports-Betting Tax Pie

The Brazilian Ministry of Tourism is the latest government body to suggest that it should be getting a cut of sports-betting tax revenue.

August 23, 2023

Canadian Fintechs Push Government For Renewed Commitment As Open Banking Development Wanes

As open banking struggles are becoming more apparent in Canada, the fintech industry is calling on the government to renew its commitment to open banking.

August 23, 2023

Google Pay Brushes Off Cease And Desist Challenge In Delhi High Court

A judge at the Delhi High Court has dismissed two lawsuits against Google Pay, after ruling that the popular mobile payment service falls outside the scope of India’s payments system laws.

August 23, 2023

More Proactive Approach To Crypto Needed, NZ Politicians Say

New Zealand needs to move on from its current approach of "wait and see" when it comes to crypto-assets, the country’s Finance and Expenditure Committee has said.

August 23, 2023

Market Share Holds As Key Metric For U.S. Sports Betting

Although a variety of metrics have been used to tout success or put a rosier spin on underperformance, market share has remained the dominant metric used by the U.S. sports-betting industry’s power players to measure their operations.

August 23, 2023

Economic Zone Boss Slams PAGCOR Over 'Failed' Online Regulation

The head of the Philippine special economic zone that turbo-charged foreign-facing online gambling operations before being sidelined has attacked PAGCOR for having “failed” in regulating the online sector.

August 23, 2023

William Hill Tweet Given Green Light After Being Flagged By Watchdog AI

The UK advertising watchdog has found that a tweet for William Hill made by retired footballer Robbie Savage does not have a strong appeal to children.

August 23, 2023

Virginia Coalition Lobbies For 'Skill-Game' Regulation

The legality of supposedly skill-based gaming machines in Virginia could be settled by the end of the year, but no matter the outcome of the trial, a newly-formed coalition will take its case for regulating and taxing the machines to lawmakers in Richmond to assure that the revenue these terminals provide businesses can continue.

August 22, 2023

Discover Admits ’Paying The Price’ For Under-Investing In Compliance

Following the abrupt departure of seasoned CEO Roger Hochschild, top executives at Discover have said they should have invested more in compliance.

August 22, 2023

Get Rid Of One-Size-Fits-All Regulatory Approach, UK Trade Body Urges

A major fintech trade association has told the UK government that the sector ought to have separate rules to those applied to traditional financial institutions, due to differences in knowledge, resources and expertise.

August 22, 2023

Citing Lack Of Progress, RBA Warns Of ’Formal Regulation’ On Least-Cost Routing

The Reserve Bank of Australia (RBA) has threatened to introduce "formal regulatory requirements" on least-cost routing if it does not see progress on its implementation by acquirers.

August 22, 2023

Australia Launches Wagering Self-Exclusion Website BetStop

The Australian government has launched the nationwide self-exclusion service BetStop and imposed a customer pre-verification regime, completing activation of all ten items of the online gambling National Consumer Protection Framework.

August 22, 2023

Brazil's Paquetá Brings Spot-Fixing Scandal To Premier League

Brazil appears to be exporting an escalating betting scandal internationally, with West Ham midfielder Lucas Paquetá now suspected of an intentional yellow card in a Premier League match last season.

August 22, 2023

Uncertainty Surrounds Federal Agency Regulating Indian Gaming

Functioning with a chairman whose term already has expired and a vacancy in one of its two other leadership positions, the National Indian Gaming Commission needs changes that may not occur until after the 2024 presidential election.

August 21, 2023

Digital Euro Regulation Delivers More Scepticism Than Clarity

The EU’s payments community has long accepted the inevitability of a digital euro being issued, but that does not mean people are pleased or engaged.

August 21, 2023

UK Becomes Latest Jurisdiction To Implement Crypto Travel Rule

In line with international guidance on crypto-asset transfers, the UK is soon to become the latest jurisdiction to implement a crypto "travel rule".

August 21, 2023

Italian Bank Ditches Card Fees For Small Payments

Banco BPM, Italy’s third-largest bank by assets, has announced that it will scrap commission fees for low-value card payments, after banks and trade groups signed an agreement to help struggling merchants.

August 21, 2023

Doctors' Lobby Slams US Industry Funding For Sydney Gambling Clinic

Australian media and the nation’s major professional association for doctors have attacked an international deal sourced from global gambling company funds that will expand the University of Sydney’s gambling treatment and research unit.

August 21, 2023

Will North Carolina Go All-In On Gambling Expansion?

Three years after neighboring Virginia approved sports betting, iLottery and casinos in quick succession, North Carolina lawmakers are considering following suit and even upping the ante, with video lottery terminals and internet gaming also in play.

August 21, 2023

New Jersey Imposes Fines For Illegal Bet Offerings

The New Jersey Division of Gaming Enforcement has issued several enforcement orders totaling $102,000 in penalties and a forfeiture order against four licensees for accepting prohibited wagers on in-state college sporting events and allowing a self-excluded patron to gamble.

August 18, 2023

Week In Crypto: Binance Accuses SEC Of ‘Fishing Expedition’

Binance US files motion to protect itself from discovery requests, PayPal puts crypto on hold in the UK, a New York couple plead guilty to laundering billions of dollars of stolen bitcoin, and Bankman-Fried back in jail.