Insights Archive

June 21, 2023

Nigerian Central Bank Governor Arrested After New President Takes Power

Nigeria’s central bank governor has been arrested and suspended from his position, following a presidential election that was marred by unrest and cash shortages attributed to central bank policies.

June 21, 2023

EU Authorities Consult On First Batch Of DORA Policies

The European Supervisory Authorities (ESAs) have launched a public consultation on the first round of policy products under the Digital Operational Resilience Act (DORA).

June 21, 2023

The Fed Faces Criticism After Revealing Master Account List

A new database published by the Federal Reserve (the Fed) brings long-awaited transparency into which institutions have access to the central payment infrastructure, after a scandal suggested applications were not treated equally.

June 21, 2023

Philippine Auditors Warn PAGCOR Over Delinquent POGOs

Philippine government auditors have placed new pressure on PAGCOR, by demanding the cancellation of two foreign-facing online gambling operator licences (POGOs) over non-payment of more than $620,000 in fees.

June 21, 2023

Colorado Gaming Taxes Stable, Exchange Wagering On Hold

Tax rates on adjusted gross gaming proceeds in Colorado will remain the same for the next fiscal year, but efforts to approve exchange wagering regulations have been tabled for now by regulators over concerns about a potential tax loophole.

June 21, 2023

Sweepstakes Casinos Cash In On Dormant U.S. iGaming Market

It has been more than two years since Connecticut became the seventh and, so far, last state to legalize internet gaming, but online sweepstakes casinos continue to quietly thrive.

June 21, 2023

Underplayed Irish Problem Gambling Causing 'Serious Harm'

Irish problem gambling has probably been underestimated and causes “serious harm”, according to research set to inform the establishment of the new Gambling Regulatory Authority of Ireland.

June 20, 2023

Australia’s AML Watchdog Issues New Guidance On Banking High-Risk Customers

The Australian Transaction Reports and Analysis Centre (AUSTRAC) has published its “final” guidance on providing banking services to high-risk customers, including fintechs, remitters and crypto exchanges.

June 20, 2023

New EU Legislation Proposes Open Banking Changes To End Setbacks

Open banking providers face obstacles to offering basic services and find it harder to innovate, the European Commission’s leaked legislative proposal admits, as it looks to end to ongoing problems.

June 20, 2023

Binance, SEC Reach Agreement On US Asset Protection Programme

After an initial attempt to freeze Binance’s US assets by court order, a US regulator has succeeded in negotiating an asset protection agreement with Binance while securities litigation continues.

June 20, 2023

Digital Euro Delay Rumours Swirl After Legislation Leak

The European Commission’s proposal for a digital euro has been shelved after the leak last week, according to Brussels sources.

June 20, 2023

Ontario Celebrity Endorsement Resolution Coming In 'Weeks, Not Months'

Ontario regulators say the result of a consultation process that could prohibit operators from using professional athletes and other celebrity endorsers in advertisements is coming soon.

June 20, 2023

UK Commission Launches White Label Hub

The UK’s Gambling Commission has created a hub with information and legislation regulating white label partners and working with unlicensed businesses.

June 20, 2023

Connecticut To Require Licensure For Live Online Casino Dealers

A bill revising Connecticut's legislation for online casino, sports betting and lottery operations is sitting on the governor’s desk, after being approved by the state's General Assembly.

June 20, 2023

Kenya Softens Proposed Gambling Tax Increase

Kenya’s latest budget statement says that the excise duty for gambling products, including lotteries, is set to increase to 12.5 percent.

June 20, 2023

Swedish Channelling Rate 'Critically Low', Says Trade Group

The percentage of Swedish gamblers using regulated operators is “critically low”, according to the Swedish Trade Association for Online Gambling (BOS).

June 20, 2023

US State Department Calls For Crackdown On Asian Scam Casinos

The US government has called on mostly Asian governments to “prioritise” crackdowns on casino operators and others linked to cyber scamming and human trafficking operations.

June 19, 2023

European Payments Firms Are Falling Short On AML/CTF Controls, Says EBA Study

A new report from the European Banking Authority (EBA) has found that anti-money laundering (AML) and counter terrorist financing (CTF) risks are “not managed effectively” among European payments firms.

June 19, 2023

Blockchain Australia Urges Banks To Remove Restrictions On Crypto Payments

An Australian trade association has called for banks to scrap their restrictions on payments to crypto exchanges, calling the measures an overreach in the country’s fight against fraud and scams.

June 19, 2023

EU Payments Legislation Talk Of Town After Documents Leak

In documents seen by VIXIO, the Electronic Money Directive looks set to be repealed and integrated into the third Payment Services Directive (PSD3), while changes to strong customer authentication and safeguarding also look likely.

June 19, 2023

DraftKings Outbids Fanatics With $195m Counteroffer For PointsBet U.S.

With less than two weeks until PointsBet shareholders were to consider another offer for the company’s U.S. business, DraftKings has submitted a $195m all cash offer to acquire the operations, a move seen by analysts as an attempt to block an incoming competitor.