Insights Archive

April 27, 2023

Chile's Sports Advertising Ban Bill Passes To The Senate

Chile’s bill to ban online betting operators from partnering with sports teams has passed the Chamber of Deputies, and now awaits its fate in the Senate.

April 26, 2023

UK’s FCA Wants To Restrict Cash Deposits At Post Office Branches

The Financial Conduct Authority (FCA) has announced a new series of measures that are designed to reduce the risk of money laundering through Post Office banking services.

April 26, 2023

Merchants Could Be Forced To Accept Digital Euro, ECB Says

The European Central Bank’s (ECB) latest digital euro work suggests that merchants should be obliged to accept the payment method, as the end of the investigation phase gets closer.

April 26, 2023

EPI Grabs iDEAL Solution With New Acquisitions

The European Payments Initiative (EPI), a project to build a pan-European rival to Visa and Mastercard, rises from the ashes with two big announcements: the acquisitions of Dutch payments champion iDEAL and a new pilot by year end.

April 26, 2023

German Slots Tax Receipts Slide

German online slots tax receipts dropped about 43 percent in the first quarter of this year, suggesting that German gamblers might be moving to unlicensed operators.

April 26, 2023

Illegal Market Remains A Concern As U.S. Sports Betting Turns Five

The U.S. Supreme Court’s decision almost five years ago to overturn the federal ban on sports betting created a booming market that today faces challenges that include a need for fresh innovation and enduring offshore competition.

April 26, 2023

Kindred Launches Review That Could Include Sale

Kindred Group said its board has started a review of strategic alternatives that could include a merger or sale of the company, in whole or in part.

April 26, 2023

Australia's NSW Government In Talks Over Mandatory Cashless Gaming

Crossbenchers holding the balance of power in the New South Wales (NSW) state legislature have begun talks with the newly-elected Labor government to introduce mandatory cashless gaming for its $8bn slot machine sector.

April 26, 2023

Finnish Ministries Clash Over Ending Monopoly

The Finnish Ministry of Social Affairs and Health has said the preliminary report on the exclusive rights system contains two “fundamental problems”, as it throws its weight behind preserving the country’s gambling monopoly.

April 25, 2023

Australia Seeks To Expand AML/CTF Framework In New Consultation

A new consultation is seeking comment on plans to bring previously unregulated sectors into Australia's anti-money laundering/counter-terrorism financing (AML/CTF) framework, as lawmakers voice concerns that the country could be heading for the FATF greylist.

April 25, 2023

US Non-Cash Payment Boom Records Fed’s Triennial Payments Study

The US Federal Reserve has published its triennial payments study which found that non-cash payments have grown at the highest ever recorded rate.

April 25, 2023

European Parliament Issues Controversial Digital Euro Report

The “game changer” central bank digital currency could be used to distance the banking sector from payments, a new report from the European Parliament has said.

April 25, 2023

Spain Reveals 20 Sanctions Issued In H2

Spain’s biannual list of gambling operator sanctions includes several penalties for Flutter-owned companies, but the big money fines focus on a group of Curaçao-based operators.

April 25, 2023

UK Commission Warns Of 'Unrelenting' Enforcement Ahead Of White Paper

Key UK industry stakeholders are still unaware of the exact contents or release date of the long-awaited Gambling Act Review white paper, but the gambling regulator says it is continuing to take action despite repeated delays.

April 25, 2023

Brazilian Football Clubs Issue Tax Ultimatum

Some of Brazil’s biggest football clubs are threatening to pull their logos from sports-betting platforms if they do not receive a larger share of betting revenue once a regulatory regime is brought into full effect.

April 25, 2023

Iowa Gaming Regulators Issue $82,000 In Fines

Iowa gaming regulators have issued several financial penalties for companies that violated a myriad of sports-betting rules, including self-exclusion failures and accepting prohibited bets.

April 25, 2023

New Jersey Warned Of 30 Percent Revenue Loss From New York City Casinos

Jim Allen, the chief executive of Hard Rock International and Seminole Gaming, believes three possible new integrated resorts in downstate New York could cost the Atlantic City gaming market 20 to 30 percent of its annual revenue.

April 24, 2023

Dutch Regulator ’Expects More’ Risk Control From Payments Firms

A senior official at De Nederlandsche Bank (DNB) highlights the third-party risks facing the payments industry. Meanwhile, Italy’s deputy central bank governor says PSD3 needs to fix regulatory harmonisation to truly unleash the market's disruptive potential.

April 24, 2023

Crypto Firms Brace For Impact As SEC Seeks To Redefine ’Exchange’

The Securities and Exchange Commission (SEC) has re-opened a consultation on a proposal that would amend the definition of an "exchange" under US law. Meanwhile, the battle for regulatory jurisdiction over Ethereum continues.

April 24, 2023

’A Real Shame’ - P27 Future In Doubt After Swedish Licence Application Pullout

The pan-Nordic payments wannabe P27 has decided to withdraw its clearing licence application from Sweden’s Finansinspektionen, blaming a changing market — a decision that could perhaps signal the end of the ambitious project.

April 24, 2023

U.S. Regulators, Gaming Industry Struggle To Eliminate Grey-Market Machines

Grey-market gaming machines continue their expansion across the country, leaving regulators and executives concerned the machines not only threaten the legal industry but also are a serious threat to gaming policy in their respective states.