Insights Archive

June 16, 2023

Week In Crypto: US Judge Rejects SEC Application To Freeze Binance’s US Assets

Binance avoids having its US assets frozen as it litigates with the Securities and Exchange Commission (SEC), but it will have to answer to the testimony of a former Binance US CEO. Meanwhile, Binance retreats from Nigeria and Cyprus.

June 16, 2023

Daily Dash: Iberpay First To Get Request To Pay Certificate

Spain’s Iberpay has become the first clearing and settlement mechanism to obtain a SEPA Request-to-Pay certificate, while new polling suggests the British are not keen on cashlessness.

June 16, 2023

Guardian Media Group Bans Gambling Advertising Worldwide

The UK-based Guardian Media Group has imposed a ban on gambling advertising, excepting lotteries, in its UK newspapers and online operations in the UK, the US and Australia that will cut its revenue by millions of dollars.

June 16, 2023

Tennessee Set To Eliminate Official League Data, Sportsbook Hold Requirement

The Tennessee Sports Wagering Advisory Council approved emergency rules on Thursday that will allow the agency to implement several regulatory and tax changes overwhelmingly adopted by the state legislature during this year’s session.

June 16, 2023

UK Gambling Commission Says White Paper Changes Will Take 'Years'

The UK Gambling Commission is encouraging as many stakeholders as possible to contribute to its first round of white paper consultations in the coming weeks, as it repeated that it will approach them with “less haste and more speed” and said implementation will take "years" to avoid unintended consequences.

June 16, 2023

Gibraltar Says It Is Ready To Get Off FATF Greylist

Gibraltar’s exit from the Financial Action Task Force (FATF) greylist is a matter of “when, not if”, according to the minister in charge of gambling issues, as the British Overseas Territory tackles a trio of vital issues over the coming months.

June 16, 2023

Rhode Island Legislature Approves Online Casino Bill

Rhode Island is on the verge of being the first, and potentially only, U.S. state to legalize online casino gaming this year following successful votes in both chambers of the legislature Thursday.

June 16, 2023

News In Brief: June 12-June 16, 2023

Betsson is to buy its way into Belgium amid a partnership with Casino Partouche, Illinois has given the go-ahead for a temporary Bally's casino and Crown is fined in Australia yet again.

June 15, 2023

Diebold Nixdorf’s $2.7bn Restructuring Points To Trouble In Cash Land

Businesses that provide access to cash are struggling to compete amid digital disruption and higher interest rates, as evidenced by the decline and potential fall of the world’s largest ATM maker.

June 15, 2023

Meta Fraud Frustrations Grow With Latest Bank Intervention

TSB has become the second bank in a month to criticise Meta over fraud, calling on the Facebook and Instagram owner to implement better procedures to prevent scams on its platforms.

June 15, 2023

Brazil Unveils Key Pix Updates, Including International And Recurring Payments

The Brazilian official responsible for the creation and operation of Pix has announced three major updates to the country’s popular instant payment system.

June 15, 2023

Sports-Betting Bills Signed In North Carolina, Vermont With Wagering Launching In 2024

North Carolina and Vermont have become the latest states to legalize mobile sports betting.

June 15, 2023

Videoslots £2m UK Regulatory Settlement For AML, Social Responsibility Failures

Videoslots will pay a £2m regulatory settlement over social responsibility and anti-money laundering failures in the UK that included allowing a customer to deposit and lose all of their savings and estimated earnings in just six months.

June 15, 2023

Ontario Regulator Contacting International Counterparts About Unregistered Operators

Ontario’s gaming regulator has begun contacting counterparts from international jurisdictions to help stamp out remaining unregulated operators doing business in the province.

June 15, 2023

UK Political Pressure Group Launches White Paper Inquiry

An influential group of Westminster politicians say they will hold the UK government to account and ensure promised reforms are implemented “as quickly as possible”.

June 15, 2023

Chile's President Proposes Amendments To Online Gambling Bill

Chile President Gabriel Boric and his minister of finance have proposed a series of amendments to an online gambling bill advancing through the Chilean Congress, a sign that the President will not present an obstacle to legislation that was presented before he took office.

June 14, 2023

Crypto Winter Wanes But U.S. Casinos Still Leery Of Alternative Currency

After a disastrous decline in 2022, the cryptocurrency market is rebounding this year, but U.S. casinos and gaming operators remain hesitant to embrace crypto and other alternative payments until federal regulations are adopted.

June 14, 2023

Australia Looks To Protect Shrinking Cash Sector Through New Merger

The Australian Competition and Consumer Commission has granted authorisation for the proposed merger of Armaguard and Prosegur, the country’s two largest cash-in-transit providers.

June 14, 2023

US Must Not ’Micromanage’ Open Banking, CFPB Chief Says

As the US is heading towards creating an open banking framework, regulators have no intention of "micromanaging" open banking, Rohit Chopra wrote ahead of an expected heated congressional hearing.

June 14, 2023

VIXIO Chats Latest Data Standard With PCI SSC

VIXIO has spoken with the Payment Card Industry Security Standards Council (PCI SSC) about the key features of the fourth iteration of its data standard, which comes into effect next year.

June 14, 2023

Rhode Island Poised To Legalize iGaming

The Rhode Island House Finance Committee approved, without debate, an amended bill on Tuesday to legalize internet gaming, sending it to the House floor for a potential final vote.