Insights Archive

June 2, 2023

Singapore Central Bank Unveils ’Generative AI’ Partnership With Google Cloud

A new partnership between Google Cloud and the Monetary Authority of Singapore will study how generative artificial intelligence (AI) could be leveraged by the central bank.

June 2, 2023

Week In Crypto: Binance Denies Reports That It Plans To Cut 1 In 5 Staff

Binance grumbles about reports of mass layoffs, France moves toward an open door for crypto influencers, and US lawmakers call for greater powers to prevent the use of crypto by Chinese and Mexican drug traffickers.

June 2, 2023

Daily Dash: New SEPA RTP Rulebook Published

The European Payments Council has published an updated version of the Request-to-Pay (RTP) rulebook, a German bank has been fined for breaching GDPR rules, EU leaders have signed MiCA into law, and a US consumer watchdog has fined an instalment lender $10m.

June 2, 2023

Twitch CEO Speaks Out Against Unregulated Gambling

The CEO of the streaming site Twitch has spoken out about the company’s decision to ban “unregulated” gambling content, explaining that it was bad for his "community".

June 2, 2023

Massachusetts Regulators Consider Sports-Betting Data Privacy Regulation

Regulators in Massachusetts have begun accepting industry comment on a proposed sports-wagering data privacy regulation that will govern the use of customer information, as well as setting out a process for patrons to request that operators erase their data.

June 2, 2023

North Carolina Senate Approves Mobile Betting, House Set To Concur

The North Carolina Senate voted to approve mobile sports-betting legislation for a second time on Thursday, putting the Tar Heel State on the fast track to becoming the most significant new market for sports wagering in 2023.

June 2, 2023

France Urges Gambling Companies To Rein In Sports Marketing

France’s National Gaming Authority (ANJ) is urging licensees to stop offering links or bonus offers on sports team websites, as part of a warning that sports sponsorships could “trivialise” gambling and make it appealing to minors and problem gamblers.

June 2, 2023

Rio de Janeiro Issues Brazil's First Sports-Betting Licence

As nationwide sports-betting regulation flounders, Brazilian states are taking advantage, with the state lottery of Rio de Janeiro issuing its first sports-betting licence this week.

June 2, 2023

Entain Takes Over TAB NZ, Offers $61m For Geo-Block Reform

Entain Group has taken over the operation of New Zealand’s TAB racing and sports-betting monopoly in a 25-year deal worth a minimum of NZ$900m ($550m) in the first five years, in addition to a substantial sweetener if lawmakers support a geo-blocking regime.

June 2, 2023

News In Brief: May 30-June 2, 2023

A video gaming terminal tax in Illinois has been ruled unlawful, after a judge struck down a local ordinance.

June 1, 2023

Marqeta Backtracks On APAC Shutdown, But Confirms Office Closures

An executive at payment processor Marqeta has backtracked on his announcement that the company has closed its APAC “business”, but has confirmed that its APAC “offices” are now shuttered.

June 1, 2023

US Earned Wage Access Gains Traction, And So Does Regulatory Interest

With the rapid growth of earned wage access, US states are increasingly working towards bringing this new product category into a clearer regulatory framework.

June 1, 2023

SCA Success As ECB Reports Lowest Card Fraud Since Records Began

Card fraud in 2021 fell to the lowest levels since the start of data collection, the European Central Bank (ECB) has confirmed, crediting the EU’s authentication requirements.

June 1, 2023

Nevada Legislature Revising Foreign Gaming Reporting Requirements

With Nevada’s legislature set to adjourn on Monday, time is running short for lawmakers to approve an amended gaming reform bill to eliminate taxes on tournament entry fees and revise the state’s “foreign gaming” reporting requirements.

June 1, 2023

Norwegian Problem Gamblers Halved, Report Says

The number of problem gamblers in Norway has halved since the last survey in 2019 and fewer players are using offshore gambling sites unlicensed in the country, according to a University of Bergen study.

June 1, 2023

Single Customer View' Desirable, Not Easy, UK Regulator Says

The idea of a centralised database of gambling data that would allow players to be tracked for gambling addiction concerns across all licensed operators is appealing, but challenging to accomplish, the UK’s Gambling Commission chief executive has said.

June 1, 2023

North Carolina Mobile Sports Betting Clears Key Senate Vote

Mobile sports-betting legislation in North Carolina took a significant step toward becoming law on Wednesday by gaining initial approval in the state's Senate.

June 1, 2023

Personnel Moves - June 2023

The head of Sweden's gambling regulator has her contract extended, the Washington lottery commission gets a new boss, Macau casinos shuffle executives and Novibet appoints a manager for Brazil.

May 31, 2023

Chile’s Once Sole Card Acquirer Proposes Fee Changes Amid Losing Monopoly

Following a decade-long battle to open up competition in the card-acquiring market, Chile’s one-time monopoly acquirer has proposed new fee changes and a more market-driven approach from 2024 onwards.

May 31, 2023

India’s Central Bank Hints At ’Lightweight’ Payment System For Use In Catastrophic Outages

The Reserve Bank of India has revealed that it is working on a new "lightweight" payment system that could be rolled out during wars, natural disasters and other major outages.

May 31, 2023

Offline Digital Euro Payments Possible But Scale Is The Challenge, ECB Finds

Offline payments using a digital euro are possible, but whether existing technology will be able to manage this is less clear, says the European Central Bank’s latest report.