Insights Archive

November 15, 2022

Maryland Mobile Sports Betting Set To Launch By End Of November

Maryland's Sports Wagering Application Review Commission will meet on Wednesday to award ten mobile sports-betting licenses out of a total of 21 mobile applications submitted to gaming regulators before last month’s deadline.

November 14, 2022

DORA Explored: MEPs Pass Key Cyber Rules

The Digital Operational Resilience Act (DORA) and the Network and Information Security directive (NIS2) have now been passed by members of the European Parliament (MEPs), paving the way for them to enter into EU law.

November 14, 2022

What’s The ’Secret Sauce’ For Twitter Pay?

After months of rumours and speculation surrounding Elon Musk’s plans to turn Twitter into a superapp, the "chief twit" has revealed new details about his vision for payments on the social media platform. Its success, however, depends on whether he can make the service stand out, experts say.

November 14, 2022

Thai Police Bust Major Online Gaming Syndicate

Thai police have cracked a major online gambling network boasting some 500 websites run by 2,000 employees over a decade.

November 14, 2022

Dutch Regulator Issues Warning To Two Operators For AML Shortcomings

The Netherlands Gambling Authority has issued warnings to two unnamed licensed operators for money laundering violations.

November 14, 2022

Lobbyists Cautious Over 2023 Sports-Betting Prospects In Texas, Minnesota

The 2022 U.S. midterm elections are over, and although there were several outcomes on the state level that surprised political observers, the effort to legalize sports betting in Minnesota and Texas remains questionable next year.

November 11, 2022

FCA Open Finance Policy Sprint Gets Thumbs Up - But What Next?

UK fintech players are hoping that the City watchdog’s policy sprint day will give impetus to the transition from open banking to open finance.

November 11, 2022

Week In Crypto: FTX Token Collapse Stokes Insolvency Fears, As Binance Scraps Bailout Plan

A near-total wipeout of the FTX Token leaves CEO Sam Bankman-Fried shopping for a bailout. Arch-rival Binance steps in to take over, but then backs out due to potential enforcement activity by US regulators.

November 11, 2022

Qatar To Launch National Payment Card By Year-End

The Qatar Central Bank (QCB) is planning to launch a national payment card by the end of the year with a view to offering a local alternative to global card giants Visa and Mastercard.

November 11, 2022

Fraud Tops US Crypto Customer Complaints To CFPB

The US Consumer Financial Protection Bureau (CFPB) has for the first time looked at consumer complaints related to cryptocurrencies and found that fraud and transaction issues pose significant problems.

November 11, 2022

FTX Files For Bankruptcy, CEO Sam Bankman-Fried Resigns

Less than 24 hours after claiming that FTX was illiquid but not insolvent, CEO Sam Bankman-Fried resigned from his position and FTX has filed for Chapter 11 bankruptcy.

November 11, 2022

Daily Dash: Spanish Banks Come Together For Digital Euro

Spain’s largest banks, including BBVA and Santander, have set up a working group to assess the impact of the digital euro, UK banking regulator is looking for help with innovation, and Mastercard has teamed up with J.P. Morgan on an open banking product.

November 11, 2022

Massachusetts To Accept Off-Track Betting Sports Betting Licenses On Rolling Basis

Massachusetts gaming regulators began to offer some clarity Thursday on how a third category of sports betting licenses, those belonging to off-track simulcast facilities, will be rolled out as part of the state’s ongoing launch process.

November 11, 2022

After California Debacle, Is There A Mandate Against Sports Betting?

Following perhaps the biggest financial disaster in the history of gambling on Tuesday in California, the sports betting industry is beginning to wonder if its halcyon days might be over.

November 11, 2022

Ukrainian Regulator Investigating Gambling Operators’ Illegal Russian Ties

The Ukrainian Regulatory Commission on Gambling and Lotteries (KRAIL) has teamed up with the Security Service of Ukraine to launch a probe into the potential ties between Ukraine-based gambling industry players and persons and entities based in Russia.

November 11, 2022

News In Brief: November 7-November 11, 2022

The MGA is preparing crypto and blockchain proposals, nearly a third of British youth have spent money on gambling in the past 12 months and website claims nearly all German-language casino ads are "illegal".

November 10, 2022

Singapore Hails BNPL Code As Gen Z Borrowing Probed

Singapore’s finance minister told parliamentarians it does not hold data on the use of buy now, pay later (BNPL) products, but referred to the new industry code for the product as the solution for its riskier elements.

November 10, 2022

Battle For Congress: Regulatory Impact Of US Mid-term Elections

The first results of mid-term elections dash Republican hopes for a “red wave” but they may still take control over the House with a narrow majority, which could have implications forthcoming regulator changes.

November 10, 2022

Late To The Party? UK MP Criticises FCA Actions To Protect Cash

Labour MP Siobhain McDonagh criticised the Financial Conduct Authority (FCA) for being late to tackling the issue of access to cash as she seeks to amend the government’s financial services bill to protect “free” access to cash.

November 10, 2022

Hungary Promises A Crackdown For International Operators In New Market

Hungary is imposing strict restrictions on international operators trying to enter their market despite a ruling from the Court of Justice of the European Union (CJEU) that it cannot sanction or fine international operators, according to a lawyer.

November 10, 2022

Cardrooms Claim Victory As California Voters Resoundingly Reject Sports-Betting Initiatives

California cardrooms are breathing easier after voters overwhelmingly defeated Proposition 26, a tribal retail sports betting proposal that also included a provision to allow for civilian enforcement of gambling laws.