Insights Archive

August 25, 2023

No CBDC Anytime Soon, Says Australia’s Central Bank, As Regulatory Issues Surface

The Reserve Bank of Australia's research has found that a central bank digital currency (CBDC) in the country could pose opportunities for payments innovation, but the chances of one being issued in the short term are unlikely.

August 25, 2023

Daily Dash: Binance Woes Continue

Binance has wound down its debit card product in Latin America and the Middle East, while Sweden’s central bank has said its central bank digital currency project is shifting focus.

August 25, 2023

Massachusetts Operators Given Data Privacy Rules Delay

Massachusetts regulators have approved a temporary waiver for sports-betting operators to implement newly-approved data privacy rules after all of the state’s operators requested a delayed implementation.

August 25, 2023

Illegal Online Operations Migrating From Laos To Myanmar: Report

Government pressure on illegal online gambling operations in Laos’ Golden Triangle Special Economic Zone has resulted in migration of operations to Myanmar border towns near Thailand, according to the International Crisis Group.

August 25, 2023

Sports Betting Taking On Harmful Characteristics Of Slots Play, Study Says

Sports betting has transformed into “a faster and more harmful gambling mode” akin to gambling on slot machines, so regulators and researchers will need to move quickly to keep up with potential harm, according to a recent academic study.

August 25, 2023

News In Brief: August 21-August 25, 2023

Golfer Rory McIlroy expresses concerns over bettors attempting to affect the outcome of golf events.

August 24, 2023

Singapore Regulator Defends Cheque Phase Out

Singapore’s financial watchdog has expressed sympathy with those hit by its decision to eliminate corporate cheques, but suggests there is no going back.

August 24, 2023

Japan Closes In On Cashless Goal

Cash payments have declined steadily in Japan, which increases convenience for consumers and can also contribute to environmental goals, Payments Japan has said.

August 24, 2023

Week In Crypto: Doubts Raised Over Binance EU Withdrawals Following Deleted Post

Mixed messages from Binance point to euro withdrawal chaos, Ripple heads back to court to fend off an SEC appeal, and Thailand threatens to shut down Meta over crypto scams.

August 24, 2023

Pennsylvania Legislators Seek Solution To Grey-Machine Expansion

A group of Pennsylvania legislators discussed the proliferation of so-called grey machines during a hearing on Wednesday and expressed a desire for a legislative solution sooner rather than later.

August 24, 2023

College Football Season Set To Open Amid Iowa Sports-Betting Probe

Amid a high-profile investigation in Iowa, it is almost as if college football is hoping against hope there will not be another explosive sports-betting scandal as a new season opens on August 26.

August 24, 2023

German Regulator Says Maltese 'Shield' Not Compatible With EU Law

The German gambling regulator, the Joint Gambling Authority of the Federal States (GGL), has said it believes Malta’s “protective shield” for its gambling companies is not compatible with European Union regulations on recognition of judgments in another jurisdiction.

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.