Insights Archive

March 29, 2023

Start Of A New Paze - US Banks Unveil New Digital Wallet Solution

US banks are planning to introduce a new digital wallet solution called Paze to compete with rivals such as Apple Pay, Google Pay and PayPal.

March 29, 2023

Opposition Grows To Belgian Advertising Ban

Opposition to a planned Belgian ban on gambling advertising is rising, with media groups joining the country’s major sports organisations in speaking out against the ban due to take effect on July 1.

March 29, 2023

Kansas Lawmakers Warned Of IGRA Violation With Tribal Sports-Betting Bill

A bill that would allow federally-recognized tribes in Kansas to negotiate gaming compacts with the governor for mobile sports betting “outside the boundaries of Indian land” is being opposed by commercial casino operators who believe it would violate both state and federal law.

March 29, 2023

North Carolina Sports-Betting Bill Clears Key House Vote

Online sports-betting legislation in North Carolina cleared a key hurdle on Tuesday, earning a favorable vote in the state's House of Representatives where it failed to receive one last year.

March 29, 2023

Betr Founder Jake Paul Faces Scrutiny From U.S. Gambling Regulators

Jake Paul, the celebrity professional boxer and co-founder of sportsbook operator Betr, could face scrutiny over his gaming licenses in Ohio and Massachusetts after reaching a settlement with the U.S. Securities and Exchange Commission for promoting cryptocurrency without disclosing he was paid to do so.

March 28, 2023

As Block Tumbles In Wake Of Hindenburg Exposé, How Will Regulators Respond?

After a major short-seller accuses Block of facilitating “frictionless” fraud, the payments industry speculates as to how regulators will respond. In the meantime, Block insists it will see Hindenburg in court.

March 28, 2023

Wise Asks For Public’s Help To Take On Hidden Cross-Border Costs

Wise has taken aim at banking competitors as it pushes for UK policymakers to crack down on hidden inflated exchange rates as part of the HM Treasury’s ongoing payment service regulations review.

March 28, 2023

Regulators Must 'Catch Up' To Looming Challenges From AI

An online gambling veteran has warned regulators that they “need to catch up” with rapid developments in artificial intelligence (AI) in the gambling industry beyond those related to problem gambling mitigation.

March 28, 2023

Conflicting Court Rulings Put U.S. Federal Regulation Of Horseracing In Limbo

The first law establishing federal regulations for the sport of horseracing is tied up in the courts, increasing the chances the U.S. Supreme Court will make the ultimate decision on whether the law violates the U.S. Constitution.

March 28, 2023

Massachusetts Gaming Regulator Clarifies Affiliate Marketing Rules

Massachusetts regulators agreed on Monday to adopt a revised rule governing third-party affiliate marketers that would permit a traditional “cost-per-acquisition” model while limiting models that include a contracted revenue share.

March 28, 2023

William Hill To Pay Record £19.2m For 'Widespread And Alarming' Failings

Three William Hill Group businesses will pay a record £19.2m in a UK enforcement case, with the Gambling Commission warning that the anti-money laundering and social responsibility failings were so alarming that “serious consideration” was given to suspending the operator's licence.

March 28, 2023

Kenya Advancing Plans To 'Overhaul' Gambling Regulation

Kenya’s government is advancing plans to update its gambling laws and increase revenue collection from the sector, as it opens consultations on three landmark bills.

March 27, 2023

Never Signed Up For That? FTC Reins In Deceptive Subscription Fees

The US Federal Trade Commission (FTC) is proposing a rule change to make it easier for consumers to cancel recurring subscriptions.

March 27, 2023

Everyone’s A Winner? Tweaks But No Divergence In UK Data Bill

With the UK’s latest attempt to replace EU data regulation now introduced to parliament, experts are satisfied that equivalence will be maintained and that it lays the foundations for a UK form of digital identity.

March 27, 2023

Wyoming To Issue Stablecoin After State Governor Withdraws Veto

Wyoming is set to become the first US state to issue a stablecoin by the end of the year after the state governor reluctantly allows the Stable Token Act to pass.

March 27, 2023

Revolut Accounts For Nearly Quarter Of Complaints To Bank Of Lithuania

The Lithuanian central bank has revealed a huge rise in complaints received about payment firms, which now account for four out of five of all submissions. By far the biggest culprit is fintech giant Revolut, which accounted for 23 percent of all complaints.

March 27, 2023

Sweden Exploring Cost Of Living Impact On Problem Gambling

Sweden’s minister for financial markets has said unlicensed gambling is a “big problem” as he addressed concerns about the impact of the country’s worsening economic situation on problem gambling.

March 27, 2023

Vermont Sports-Betting Bill Clears House

Vermont legislators cleared a key deadline on Friday to allow mobile sports-betting legislation to progress, with some unique language governing advertising included in the bill.

March 27, 2023

Technology Expertise Key To Nevada's Evolving Gaming Industry

As Nevada regulators continue their review of the state’s gaming approval process, the co-founder and co-CEO of Sightline Payments has urged them to consider expanding the agency’s technological expertise.

March 27, 2023

Malta Official Warns Gambling Operators Not To Ignore Information Requests

Malta’s data protection commissioner has warned Malta-licensed operators that they should not ignore requests for personal data, in a move apparently linked to German and Austrian gamblers seeking their transaction history as part of attempts to reclaim losses.

March 24, 2023

Week In Crypto: LUNA Founder Arrested In Montenegro, Says Minister

LUNA fugitive arrested in Montenegro, more A-list celebrities charged with fraudulent crypto “touting”, Coinbase receives a Wells notice and lobbyists try to stop UK banks from cutting off crypto.