Insights Archive

June 23, 2023

News In Brief: June 19-June 23, 2023

A cashless slot machine trial in Australia has been delayed, after hackers stole customer data.

June 22, 2023

Payments And Sustainability ‘Now Have An Overlap’

Panellists at EBAday 2023 shared their thoughts on how sustainability is becoming a bigger deal for the payments world, while warning industry about the impact of regulation.

June 22, 2023

Pro-Russia Hackers Vow To Bring Western Financial System Down In 48 Hours

Russian hacker groups claimed responsibility for bringing down the European Investment Bank's (EIB) websites, as they vow to cripple the Western financial system in the coming days.

June 22, 2023

PayPal Sells €40bn BNPL Loan Portfolio To Investment Firm KKR

PayPal has signed an exclusive multi-year deal that will hand over the rights to its European buy now, pay later (BNPL) loans to American investment firm KKR.

June 22, 2023

Curaçao To Issue Licences In September

Curaçao will issue new licences directly to gambling operators starting on September 1, according to the country’s Minister of Finance, who said the long-awaited regulatory changes are “unavoidable”.

June 22, 2023

Is Risky Sports Betting More About The Gambler Than The Wagers?

In and of itself, sports betting does not increase addiction but those who wager on sports are at a higher risk of developing gambling problems, according to Joshua Grubbs, an associate professor at the University of New Mexico.

June 22, 2023

Malta Defends Legal Changes To 'Protect' Public Policy

Malta’s controversial Bill 55, which is now enshrined into law, is designed to protect the country's public policy by blocking foreign court judgements against gambling firms, say officials.

June 22, 2023

Brazil's Ministry of Finance Declares There Will Be a Provisional Measure After All

According to sources within the Ministry of Finance, a provisional measure to enact Brazil’s 2018 sports betting law may be coming before the end of the month, in addition to a supplemental bill that would follow after the congressional July recess, as a political tug-of-war continues between rival camps.

June 22, 2023

Finland’s 'Ambitious' Licensing Plan Could Be Implemented In Stages, Says Experts

Finland’s aim to have a licensing system in place by January 1, 2026 is “ambitious” and could lead to some measures being introduced at a later date, according to a panel of experts from the country.

June 22, 2023

Ontario Operators Discuss Ad Restrictions, Market Entry Challenges

While operators have flocked to Ontario due to its large market, varied product options and unlimited licensing opportunities, the first year-plus of operations has not come without its challenges, gaming company executives say.

June 21, 2023

Nigerian Central Bank Governor Arrested After New President Takes Power

Nigeria’s central bank governor has been arrested and suspended from his position, following a presidential election that was marred by unrest and cash shortages attributed to central bank policies.

June 21, 2023

EU Authorities Consult On First Batch Of DORA Policies

The European Supervisory Authorities (ESAs) have launched a public consultation on the first round of policy products under the Digital Operational Resilience Act (DORA).

June 21, 2023

The Fed Faces Criticism After Revealing Master Account List

A new database published by the Federal Reserve (the Fed) brings long-awaited transparency into which institutions have access to the central payment infrastructure, after a scandal suggested applications were not treated equally.

June 21, 2023

Philippine Auditors Warn PAGCOR Over Delinquent POGOs

Philippine government auditors have placed new pressure on PAGCOR, by demanding the cancellation of two foreign-facing online gambling operator licences (POGOs) over non-payment of more than $620,000 in fees.

June 21, 2023

Colorado Gaming Taxes Stable, Exchange Wagering On Hold

Tax rates on adjusted gross gaming proceeds in Colorado will remain the same for the next fiscal year, but efforts to approve exchange wagering regulations have been tabled for now by regulators over concerns about a potential tax loophole.

June 21, 2023

Sweepstakes Casinos Cash In On Dormant U.S. iGaming Market

It has been more than two years since Connecticut became the seventh and, so far, last state to legalize internet gaming, but online sweepstakes casinos continue to quietly thrive.

June 21, 2023

Underplayed Irish Problem Gambling Causing 'Serious Harm'

Irish problem gambling has probably been underestimated and causes “serious harm”, according to research set to inform the establishment of the new Gambling Regulatory Authority of Ireland.

June 20, 2023

Australia’s AML Watchdog Issues New Guidance On Banking High-Risk Customers

The Australian Transaction Reports and Analysis Centre (AUSTRAC) has published its “final” guidance on providing banking services to high-risk customers, including fintechs, remitters and crypto exchanges.

June 20, 2023

New EU Legislation Proposes Open Banking Changes To End Setbacks

Open banking providers face obstacles to offering basic services and find it harder to innovate, the European Commission’s leaked legislative proposal admits, as it looks to end to ongoing problems.

June 20, 2023

Binance, SEC Reach Agreement On US Asset Protection Programme

After an initial attempt to freeze Binance’s US assets by court order, a US regulator has succeeded in negotiating an asset protection agreement with Binance while securities litigation continues.

June 20, 2023

Digital Euro Delay Rumours Swirl After Legislation Leak

The European Commission’s proposal for a digital euro has been shelved after the leak last week, according to Brussels sources.