Insights Archive

February 10, 2023

Week In Crypto: Binance Suspends USD Withdrawals As Banking Partner Faces Lawsuit

Signature Bank, once the go-to bank of the crypto industry, finds itself in the spotlight again as it distances itself from Binance, while new allegations emerge of its collusion with FTX.

February 10, 2023

US Government Report Says In-App Payments Are Uncompetitive

Apple and Google rules for in-app purchases are under the spotlight in the US after the Department of Commerce said the current model is harmful to consumers and developers.

February 10, 2023

ECB Study Finds Cash Still King, As Switzerland To Vote On Keeping Cash Forever

A recent study by the European Central Bank (ECB) has found that cash is still the eurozone’s most common payment method, while Swiss voters have secured a referendum on keeping cash.

February 10, 2023

Merchants Ask US Congress To Oust UnionPay From EMVCo, PCI

Ahead of the US congressional hearing on China, merchants ask lawmakers to boot China’s UnionPay out of global standard-setting bodies and pass the Credit Card Competition Act to close “a glaring security gap” in credit card processing.

February 10, 2023

Daily Dash: New Data Exposes Extent Of US Romance Scams

The US Federal Trade Commission has issued new information regarding romance scams, while the Bank of Lithuania has sanctioned an e-money firm for money laundering failures.

February 10, 2023

Super Bowl In Sports-Betting State For First Time; Las Vegas In 2024

Less than five years after the U.S. Supreme Court ruled all states can legalize sports betting, the country’s premier sporting event — the Super Bowl — will be played on Sunday in a state offering lawful sports wagering for the first time.

February 10, 2023

Professional Athletes Want Protections Added To Missouri Sports-Betting Bills

After several incidents where gamblers have directed their frustrations at athletes online after losing bets, the players’ associations from the five major U.S. sports leagues are asking state lawmakers for protections to be included in sports-betting bills or in standalone measures.

February 10, 2023

As Sports-Betting Ads Proliferate, U.S. Congressman Seeks Federal Ban

Describing the U.S. sports-betting industry as predatory by so aggressively advertising its products, a New York congressman introduced a bill on Thursday to ban all ads for sports wagering.

February 10, 2023

Dutch Regulator Cracks Down On Unlicensed Operators

The Netherlands Gambling Authority has fined two unlicensed gambling companies €900,000 each for letting Dutch residents play.

February 10, 2023

Colorado Seeks Greyhound Simulcast Wagering Ban, Fixed-Odds Betting No Replacement

A bill to end simulcast wagering on greyhound racing in Colorado is moving forward with bipartisan support in the state legislature but questions remain if fixed-odds wagering on horse races can replace the purse revenue generated by these wagers.

February 10, 2023

News In Brief: February 6-February 10, 2023

Brazil's parliament is pushing the country's financial authorities to investigate money spent with offshore gambling sites.

February 9, 2023

EU-Hired Consultancy Delivers PSD2 Recommendations

The revised Payment Services Directive (PSD2) has been a success and is still relevant to the market, but issues such as consistency and competition are holding it back, a new report suggests.

February 9, 2023

UK Lending Standards Board Beefs Up Reimbursement Code Targeting Prevention

The Lending Standards Board has made further updates to the Contingent Reimbursement Model Code in a new bid to clamp down on authorised push payment scams.

February 9, 2023

MGM CEO Says Company Has 'Moved On' From Entain Pursuit

MGM Resorts International’s top executive said the gaming company has, at least for now, “moved on” from its pursuit to acquire Entain.

February 9, 2023

Slots Gridlock Handcuffs German Licensees Against Black Market, Officials Say

A logjam in approving individual slots games is keeping German licensees from offering enough choice to fend off black-market competition, industry representatives have said.

February 9, 2023

New Jersey Regulator Urges National Adoption Of Responsible Gambling Standards

Online casino and sportsbook operators should apply New Jersey’s newly effective best practices in jurisdictions across the country to lead policy discussions on responsible gambling, according to the state’s chief gaming regulator.

February 9, 2023

UK Commission Boss Attempts To Calm Affordability Concerns

The UK’s top gambling regulator hopes for a future where there can be a “mature” conversation about player protection versus consumer freedom, but pointed to current and future enforcement cases as evidence that the industry still has problems to solve.

February 9, 2023

Berlin Court Penalises YouTube Influencer For Illegal Gambling

A Berlin district court has issued a penalty order of €480,000 against a well-known YouTube personality for streaming illegal gambling, according to the public prosecutor’s office, which requested the penalty.

February 9, 2023

Kindred Ready For £7.1m UK Fine

Kindred is preparing to pay £7.1m for a fine it expects to receive following reviews by the UK Gambling Commission, according to a statement in its Q4 2022 report.

February 8, 2023

Australian BNPL Openpay Collapses As Shares Frozen, Receivership Confirmed

Openpay, a Melbourne-based buy now, pay later (BNPL) firm, has become the first BNPL listed on the Australian stock exchange to collapse, after disabling new purchases on its app and entering receivership.

February 8, 2023

BoE, Treasury Open New UK Consultation On ’Digital Pound’ CBDC

The Bank of England and HM Treasury have launched a joint consultation on a “digital pound”, a retail central bank digital currency (CBDC) that would serve as a new form of money for households and businesses.