Insights Archive

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

Kenya Gambling Tax Collection Up 30 Percent

The Kenya Revenue Authority said it has collected a total of KSH8.7bn (€57.68m) from gambling firms over the past six months, a 30 percent increase over the same period last year.

June 14, 2023

ASA Gives Green Light To Bet365 Tweet Featuring Boxer

The UK Advertising Standards Authority (ASA) has determined that a promoted tweet for bet365, which contained an image of boxer Chris Eubank Jr, did not have particular appeal to children.

June 13, 2023

Tough But Necessary? UK Crypto Firms Brace For New Promotion Rules

The UK’s Financial Conduct Authority has said that its new financial promotion rules for crypto-assets will give people the time and appropriate risk warnings to make an informed choice, while the crypto industry is worried about new barriers.

June 13, 2023

No, It’s Not Time To Regulate BNPL, Says Singapore’s MAS

The Monetary Authority of Singapore (MAS) has published a response to an op-ed article that calls for buy now, pay later (BNPL) products to be regulated as credit.

June 13, 2023

New Zealand Privacy Watchdog Wants Firms To Add Multi-Factor Authentication

The Office of the Privacy Commissioner in New Zealand has said businesses must ensure they take reasonable cybersecurity steps to protect personal data, including using multi-factor authentication.

June 13, 2023

Gaming REITs Thrive Despite High Interest Rate Environment, Analysts Say

Despite higher interest rates, the opportunities for real-estate investment trusts (REITs) to acquire casino properties remains healthy within the U.S. gaming industry, albeit at a more moderate deal volume, according to gaming industry analysts.

June 13, 2023

Philippines Business Zone Blocks New Online Gambling Operations

Fallout from the police raid on a Clark Freeport scam syndicate that freed more than 1,100 enslaved workers has continued with a freeze on new online gambling operators in the zone and the formation of a security advisory body.

June 13, 2023

Lithuanian Regulator Fines Operator Three Times In One Week

The Lithuanian Gaming Control Authority has handed Top Sport UAB three separate fines totalling €55,000 in the space of just four days.

June 12, 2023

Australian Fintechs Welcome ’Fair Access’ Rights Under New Payments Licensing Rules

In what some are calling the "biggest overhaul" of Australia’s payment system in 35 years, fintechs are looking forward to "fair and equitable" access rights based on new licensing rules.

June 12, 2023

Money 20/20: Open Banking Is ’Overhyped’ And ’Disappointing’

Industry and regulators alike seem to have accepted that open banking may not have been the success story everyone was hoping for — but it is an "ultramarathon" not a "sprint".

June 12, 2023

Visa, Mastercard Secure Initial Win In UK Merchant Class Action

The UK Competition Appeal Tribunal has put on hold a class action lawsuit accusing Visa and Mastercard of imposing excessive interchange fees for inter-regional and commercial card transactions.

June 12, 2023

New York Proposal To Expand Daily Fantasy Sports Dies In Committee

As the 2023 session ended on Saturday, the New York legislature declined to consider a measure to expand the number of approved daily fantasy sports operators in the state in advance of formal regulations to govern fantasy sports licensing.

June 12, 2023

Ireland Should Increase Betting Duty To Fund More Sports, Says FAI

The Football Association of Ireland (FAI) has renewed its plea for the government to increase the betting duty for land-based and online bookmakers from 2 percent to 3 percent.

June 12, 2023

US Court Trashes China Contractor Over Baha Mar Takeover

A US court has strongly backed entrepreneur Sarkis Izmirlian over the Baha Mar construction scandal, throwing out a Chinese state-owned contractor’s request to dismiss his fraud and breach of contract suit, and backing his claims of contractor misconduct.

June 9, 2023

Clock Is Ticking To Comply With DORA

Panellists at Money 20/20 have questioned whether financial firms are ready enough to comply with the EU’s new ICT rules, calling on firms to ensure that they are ready before it is too late.

June 9, 2023

Week In Crypto: Coinbase Hit By Major SEC Lawsuit As Crackdown Continues

Federal securities charges finally hit Coinbase, a US regulator attempts to repatriate Binance US assets, and a former central banker is tipped to take over as CEO from Binance founder Changpeng Zhao.

June 9, 2023

US Congress Revives Credit Card Bill

US Senator Richard Durbin has brought back legislation aimed at promoting competition in credit card payment processing. Despite the bipartisan support across both chambers of Congress, lawmakers admit it has "a particularly tough row to hoe".

June 9, 2023

Daily Dash: US Agencies Issue Fintech Risk Assessment Guide

US federal regulators have unveiled their final guidance for managing risks associated with third parties, including payment processors, the Bank of Lithuania has suggested amendments to the country’s payments laws, and Austria has convicted a Porsche board member of money laundering.

June 9, 2023

Match-Fixing Probe, Politics Delaying Brazil Sports-Betting Regulation

The Brazilian Ministry of Finance is clashing with the government over the best course of action to regulate sports betting, insisting on pushing through with plans for an emergency measure that were abandoned at the 11th hour.

June 9, 2023

Rhode Island Senate Approves Online Casino Bill

The Rhode Island Senate approved legislation to permit online casino gaming Thursday, a key step in its effort to be the first state to legalize online casinos in 2023.