Insights Archive

September 19, 2023

'Bespoke Framework' Not Right For Crypto, Say Australian Senators

A report by an Australian Senate committee has recommended against proceeding with a bill that seeks to introduce a "bespoke framework" for the regulation of digital assets.

September 19, 2023

US Court Says CFPB Cannot Police Payments For Discrimination

A Texas federal court has overturned an interpretation by the Consumer Financial Protection Bureau (CFPB) which enabled the fierce consumer protection agency to go after discriminatory practices in financial service markets.

September 19, 2023

Philippine Crime Body Warns Gambling Scams Worse Than Drugs

The head of the Philippines’ Presidential Anti-Organised Crime Commission has warned that local scam syndicates linked to online gambling are now as great a threat to law and order as illegal drug use.

September 18, 2023

Ontario Operators Eager For Guidance On Advertising Changes

Companies offering online gaming and sports betting in Ontario have to be ready to pivot their marketing strategies to proactively comply with recently introduced regulations prohibiting the use of current or retired athletes in advertisements for their products.

September 18, 2023

Indiana Fines FanDuel $110,000 For Fraudulent Account Funding

Flutter-owned FanDuel will pay $110,000 to settle five of six counts of violating Indiana sports-betting regulations, according to an agreement approved by the Indiana Gaming Commission.

September 18, 2023

Extensions Granted For Brazil Match-Fixing Investigation, Provisional Measure

Brazil’s congressional investigation into match-fixing has been extended for a further week, while Senate president Rodrigo Pacheco has also extended the deadline for the government's provisional measure on sports betting.

September 18, 2023

Working Group To Trial Affordability, Says UK Commission

The UK Gambling Commission expects to form a working group to trial financial risk checks and is questioning plans to require gamblers to provide their job title for affordability assessments.

September 18, 2023

UK White Paper 'Missed A Trick' By Not Addressing Next Generation

The Gambling Act review white paper “missed a trick” by not addressing new and emerging forms of gambling popular with young people and women, according to Christina Thakor-Rankin, the co-founder of the All-in Diversity Project.

September 18, 2023

Impact Index August 2023

VIXIO’s impact index dropped 10 points in August, below the 2022 average but 30 points higher than August 2022.

September 18, 2023

Daily Dash: Three Arrows Crypto Founders Get Cut Out Of Finance

The co-founders of crypto investment firm Three Arrows Capital have been issued with nine-year prohibition orders from the Singaporean authorities for failing to identify and monitor risks with their crypto investments, Peru’s clearing house has announced that QR codes are now interoperable across all payment processors, and TikTok has been fined by Ireland’s data protection authorities.

September 15, 2023

Caesars Confirms Cyberattack, Says Operations Were Unaffected

Caesars Entertainment confirmed Thursday that hackers had gained access to its computer systems through an outsourced vendor, stealing a large amount of customer data in a cyberattack.

September 15, 2023

Definition Of Online Casino Games Adds To Confusion Over Brazil's Betting Bill

After online gaming was added to a sports-betting bill hours before it was approved by Brazil's Chamber of Deputies, confusion remains around which types of online casino games will be allowed.

September 15, 2023

Finns Fear Delays As Reform Debates Evolve

Industry officials have used a landmark online gambling conference in Finland to urge the government to get on with its plan to dissolve the country’s monopoly, as its aim of opening the market at the start of 2026 hangs in the balance.

September 15, 2023

Mexican Operators Raise Alarm Over Draft Gaming Decree

Draft gambling reforms to prohibit “drawings of numbers or symbols through machines” threaten to reduce industry revenue by up to 90 percent and wipe out thousands of jobs, according to two Mexican trade associations.

September 15, 2023

Has The Metaverse Run Out Of Gas? Not For Banks And Payment Firms, Sources Say

Despite media reports that interest in the metaverse is waning, banks and payments firms are still engaged as the nascent sector moves on from its "hype phase".

September 15, 2023

Week In Crypto: Binance US CEO Quits Amid SEC Discovery Battle

Binance US loses another CEO and more than 100 employees, a crypto co-founder is sentenced to 20 years in prison, and the UK’s new crypto promotion rules may have claimed their first victim.

September 15, 2023

Bank Of America Settles ACH Payments Fee Class Action

The US big bank has agreed to pay $8m and stop charging fees for sending Automated Clearing House (ACH) payments in order to settle class action claims.

September 15, 2023

Daily Dash: Debit Cards Now Make Up 50 Percent Of UK Payments

A new report from UK Finance has revealed that debit cards now make up half of overall UK transitions, while US financial regulators have come down hard in a second non-fungible token (NFT) case.

September 15, 2023

News In Brief: September 11-September 15, 2023

The UK Gambling Commission to set up an industry forum and Sweden's regulator will get more money to combat match-fixing and illegal operators.

September 15, 2023

PAGCOR Online Rate Cuts Please Operators, Fuel Casino Growth

Local-facing online gambling interests in the Philippines are more bullish about the future, amid falling taxes and regulator sympathy over encroachment on the sector by illegal operators.

September 15, 2023

Kindred, Betsson Withdrawing From Norway, Regulator Says

The Norwegian Gambling Authority has said that companies it has claimed were operating illegally in Norway, including Betsson and Kindred, have begun to withdraw.