Insights Archive

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.

June 9, 2023

Dutch Regulator Admits Shared Uncertainty Over Ad Rules

The Netherlands Gambling Authority (KSA) will not rush to enforce the country’s impending ban on non-targeted advertising, in part because it does not yet know exactly how it will work in practice, its chief executive has said.

June 9, 2023

U.S. Betting Expansion Impacting Sport Integrity, Say Industry Experts

Sports-betting operators are not ready for a divorce yet from the nation’s professional sports leagues despite another violation of sports gambling rules in the National Football League (NFL).

June 9, 2023

Half Of Finnish Gambling Money Going Offshore

Half of the online gambling money spent by Finnish people goes outside the monopoly, according to a new report by the Finnish Competition and Consumer Agency (KKV).

June 9, 2023

News In Brief: June 5-June 9, 2023

Peru’s Congress submits its online gambling bill for final approval, BetMGM launches online sports betting in Puerto Rico, SciPlay's board of directors committee to review and consider a bid from Light & Wonder and Osaka police have made surprise inspections of more than 20 “amusement casinos”.

June 8, 2023

Impact Index May 2023

VIXIO’s impact index rose by just one point in May to 87, below the 2022 baseline and 13 points lower than May 2022.

June 8, 2023

Devil In The Details - UK Experts Ponder PSR New Fraud Reimbursement Rules

As the UK Payment Systems Regulator (PSR) publishes minimum requirements for reimbursing authorised push payment fraud victims, industry representatives warn of the potential unintended consequences.

June 8, 2023

Australian Treasury Unveils ’Biggest Payment System Overhaul In 35 Years’

Time is up for Australia’s legacy bulk payments infrastructure under the Treasury’s latest Strategic Plan, as the country moves towards a fully instant payments future.

June 8, 2023

German Supplier Warns Restrictions Aid Black Market

Restrictions on slot games make German gambling operators so uncompetitive that channelisation may be as low as 30 percent, according to the head of a games supplier.

June 8, 2023

North Carolina House Green Lights Mobile Sports-Betting Bill

North Carolina is poised to become the largest U.S. state to legalize mobile sports betting in 2023 after final passage of an amended bill on Wednesday.

June 8, 2023

Thailand, Myanmar Junta Cut Power To Online Gambling Hubs

The Thai government has cut the electricity supply to an infamous online gambling and scam syndicate precinct in Myanmar, triggering a local army’s threat to shut down nearby border crossings.

June 8, 2023

888 Shares Soar After Former Entain Executives Buy 6.6 Percent Stake

On Tuesday, ex-Entain executives announced that they have put together a share of 6.6 percent in 888 Holdings, news which caused the stock in the company to soar as high as 26.5 percent on Wednesday, continuing the previous day's gain of 14 percent.

June 8, 2023

Barstool's 'Can't Lose Parlay' Subject Of Massachusetts Regulatory Hearing

The Massachusetts Gaming Commission took testimony but issued no decision on Wednesday over whether a “can’t lose” parlay promotion offered by Barstool Sportsbook violated the state's sports-betting and marketing regulations or should be considered satire.

June 8, 2023

Dutch Fine For Winning Poker Network After Breaching Order

The Netherlands Gambling Authority (KSA) has reinvestigated two operators that were ordered to stop receiving Dutch players and threatened with fines, revealing that Winning Poker Network has failed to comply with its demands.

June 8, 2023

Botswana Hails Progress Towards Licensing Betting, Gaming Machines

Botswana is continuing with its plans to better regulate and grow its gambling market, releasing preliminary licence applications for betting, totalisators and gambling machines, as well as addressing public questions about their details.

June 7, 2023

Sweden Proposes Payments Contingency Planning Regulations

Sweden’s central bank is looking for feedback from key payment service providers in the region as it ramps up its preparedness work for times of crisis.

June 7, 2023

SEC Sues Binance In New Lawsuit, Seeks Permanent Ban From US Market

Binance’s days in the US could be numbered after the crypto exchange was hit by another major lawsuit seeking its expulsion from the market and disgorgement of revenue.

June 7, 2023

UK Committee Launches Working Groups To Make Open Banking Flourish

The UK Joint Regulatory Oversight Committee is setting up dedicated workstreams to take forward recommendations for the next phase of open banking in the UK.

June 7, 2023

UK Operators Call For Social Media Support To Help Vulnerable Gamblers

Social media companies should help tackle problem gambling by cutting out advertising for vulnerable users, the UK gambling industry has said.