Insights Archive

June 6, 2023

18 Months Left For UK To Be Crypto Leader, MPs Warn

Crypto-assets are here to stay and the UK only has a "finite" amount of time to ensure early leadership, a cross-party group of parliamentarians has said.

June 6, 2023

Kindred Must Leave Norway, Regulator Warns After Court Ruling

Kindred-owned Trannel, which operates websites including Unibet, must leave Norway after losing an appeal, the country’s regulator has warned.

June 6, 2023

Gaming Bills Near Approval As Louisiana Legislature Enters Final Days

As they head into the final few days of the 2023 legislative session, Louisiana lawmakers are closing in on approving bills to require casinos to provide training programs to address human trafficking and allow for fixed-odds wagering on horse races via sportsbook platforms.

June 6, 2023

Nevada Legislature Approves Key Revisions To Gaming Regulations

As the 2023 Nevada legislative session ended late Monday, lawmakers had passed two gaming-related bills that revised several of the state’s gaming statutes, including an industry-supported overhaul of the state’s “foreign gaming” reporting requirements.

June 6, 2023

Dutch Regulator Fines Bingoal €400,000 For Advertising To Young Adults

The Netherlands Gambling Authority (KSA) has fined operator Bingoal €400,000 for targeting advertising to people aged 18-24, which is banned in the country.

June 6, 2023

Osaka Police Arrest Poker Club Organisers

The director of one of Japan’s national poker associations and the operator of an Osaka gaming facility have been arrested along with eight other organisers and 11 customers in an unusual crackdown on land-based gambling.

June 5, 2023

Eyes On FCA After E-Money Firm’s Lithuania Licence Revoked

The Bank of Lithuania has determined that UK-headquartered electronic money institution Transactive Systems seriously and systematically infringed anti-money laundering and counter-terrorist financing (AML/CTF) requirements.

June 5, 2023

Binance, Under Investigation In Canada, Files Motion To Dismiss

Lawyers working on behalf of Binance have filed an application urging a Canadian regulator to drop an investigation into alleged compliance breaches by the exchange.

June 5, 2023

Hungarian Banks Play Down ChatGPT Risk But Bemoan Bigtech Advantage

At a recent conference in Budapest, Hungarian banks claimed they are not worried that generative artificial intelligence (AI) would rewrite the current banking system, but claim that many fintechs and bigtechs have an unfair advantage. Meanwhile, the central bank outlines new plans to boost digital payments in the country.

June 5, 2023

Key Chilean Committee Passes Online Gambling Bill

The Economy Committee in the Chilean Chamber of Deputies has finally approved a bill to legalise and regulate online gambling, which will now move into the lower house of the National Congress for further discussions.

June 5, 2023

State Lotteries Looking For Winning iLottery Argument

The reluctance of most U.S. states to permit digital lottery programs has left state lotteries searching for the right narrative to change hearts and minds of policymakers and allow them to modernize.

June 5, 2023

Sports-Betting Legalization Credited For Detecting College Wagering Scandals

Problem gambling experts are not surprised by recent betting scandals that have surfaced within the athletic departments of several major U.S. colleges and say that more education of athletes, coaches, staff and administrators is needed.

June 5, 2023

Malta Details 2022 Enforcement Action

Maltese authorities issued more than €738,000 in financial penalties to licensees in 2022, as gambling grew its contribution to almost 10 percent of the country's economy.

June 2, 2023

Meta In The Firing Line Over Scams

Two-thirds of all online shopping scams now start on Facebook and Instagram, according to new research from Lloyds Banking Group.

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.