Insights Archive

March 11, 2022

Gambling Ads On Copyright Infringing Websites Falling, Says EU

A study by an EU watchdog appears to show a 55 percent reduction in the number of “major brand” gambling ads appearing on websites known to be infringing on intellectual property.

March 11, 2022

Biden Administration Opposes Wire Act Change To Expand Online Gaming Protection

The U.S. Department of Justice is asking a federal court in Rhode Island to dismiss a lawsuit by International Game Technology seeking to expand protection of the online gaming and lottery industry from prosecution under the U.S. Wire Act of 1961.

March 11, 2022

News In Brief: March 7-March 11, 2022

Tennessee adds three new operators and Philippines inquiry launched over cockfighting abductions.

March 10, 2022

Biden Signs Historic Digital Assets Executive Order

President Joe Biden’s long-awaited crypto executive order affirms crypto is to stay, and the United States wants to embrace it.

March 10, 2022

FATF Stops Short Of Action Over Russian Invasion

The Financial Action Task Force (FATF) expresses “deep sorrow” over Ukraine, but Russia’s largely compliant status makes it unlikely for FATF to pursue any meaningful action towards Russia in the short term.

March 10, 2022

EU Extends SWIFT Ban To Belarusian Banks

Belarusian financial institutions join Russia in being in the firing line over the Ukraine invasion, as the EU agrees on a further round of sanctions.

March 10, 2022

£28K Lost To APP Fraud Every Hour, Which? Suggests

Bank transfer scams continue to grip the UK, as the pressure piles on for the government and regulators to do more to solve the issue.

March 10, 2022

Ganapati's Taiwan Staff Avoid Jail Despite Online Convictions

A Taiwanese court has convicted 12 Japanese and Taiwanese employees of B2B online games supplier Ganapati for gambling offences, as well as company founder Hayato Kinoshita, although all have avoided jail time.

March 10, 2022

Nevada Esports Advisory Committee To Propose Regulatory Oversight

As sportsbooks in Nevada desperately searched for alternatives to traditional sports that were shut down during the initial months of the coronavirus pandemic, some operators have turned to video game competitions as one substitute.

March 10, 2022

Alabama Senate Committee Approves Plans For Lottery, Casinos, Sports Betting

Two pieces of legislation that would allow for five casinos, two satellite facilities, sports betting and create a gaming commission to regulate the industry in Alabama were passed out of committee on Wednesday and sent to the full Senate for consideration.

March 10, 2022

Irish Industry Discuss Regulatory Proposals With Lawmakers

Key stakeholders in Ireland’s gambling market have told the government they want a well-funded, nimble regulator as legislators continue to lay the groundwork for the country’s new gambling bill.

March 9, 2022

EU Launches Timely Whistleblower Tool For Sanctions

The European Commission has rolled out a whistleblower tool to facilitate the reporting of possible sanctions violations as its new rules against Russia and Belarus become law.

March 9, 2022

No ESG Clause In MiCA, MEP Confirms

Following concerns that the EU’s crypto-asset regulation would include a mining ban, an influential member of the European Parliament has rowed back on the possibility of climate issues being incorporated into the Markets in Crypto-Assets (MiCA) law.

March 9, 2022

NatWest Leads Race For Open Banking Recurring Payments

NatWest is aiming to become one of the first UK banks to enable variable recurring payments as the bank announces the first successful transaction.

March 9, 2022

Private Sector Needs Clarity To Navigate Uncharted Territory Of Russian Sanctions

The private sector plays a key role in the implementation of sanctions, but they are wandering over an unknown territory without sufficient guidance from the government, witnesses have told the UK Treasury Committee.

March 9, 2022

Flutter's Sky Bet Fined By UK For Marketing To Self-Excluded

The UK Gambling Commission has fined Sky Betting & Gaming nearly £1.2m for sending “free spins” marketing emails to players who had self-excluded or opted out of receiving marketing.

March 9, 2022

Northern Irish Bill Approval Is 'First Step' Of Legal Overhaul

Northern Ireland’s new gambling bill was set to overcome its final legislative hurdles before becoming law on Tuesday, with more changes planned.

March 9, 2022

UK Gambling Minister: 'Significant Reform' Needed

The UK minister in charge of gambling policy has said reform is “long overdue” and promised the government’s Gambling Act review white paper will be published “very, very soon”.

March 9, 2022

DC Lottery Continues To Back Lottery-Operated Mobile Betting

The DC Lottery continues to defend the monopoly of its district-wide mobile betting platform despite massive cuts to the projected profit the GambetDC program is expected to provide to the District of Columbia’s coffers.

March 9, 2022

Minnesota Tribes Confirm Support For New Sports-Betting Bill

The tribes that own and operate some 18 casinos across Minnesota confirmed their support on Tuesday for an amended House measure that would legalize retail and mobile sports betting, but the bipartisan bill still has a long road through the state legislature.

March 8, 2022

DLT Comes To Swiss Payment System

Switzerland, which has led the way in the digital finance space, is adding distributed ledger technology (DLT) trading facilities to its payment system.