Insights Archive

April 30, 2024

UK's New Crypto Seizure Rules Go Live

Greater powers for the UK’s National Crime Agency and police to seize, freeze and destroy crypto-assets used by criminals came into force on Friday.

April 30, 2024

Daily Dash: EU Member States Criticised Over AML Directive Transpositions

Member states including France are in the firing line for failing to properly transpose EU-level anti-money laundering (AML) laws, while Hong Kong’s financial regulator has launched a new collaborative forum aimed at enhancing fintech adoption.

April 30, 2024

Uzbekistan Gambling Market Set To Open After 16-Year Prohibition

Uzbekistan will establish new gambling regulations and a licensing regime on January 1, 2025, legalising online bookmaking activities and lotteries after more than 16 years of prohibition.

April 30, 2024

Star Entertainment Board Ousts Chairman After Inquiry Testimony

The chairman of Australian casino operator The Star Entertainment Group has been axed, the latest casualty of the New South Wales state gambling regulator’s second review into Star’s Sydney operations.

April 30, 2024

Iowa Collegiate Athletes Sue State Agencies Over Sports-Betting Investigation

The ongoing controversy over an Iowa criminal investigation into betting by collegiate athletes boiled over on Friday with the filing of a federal lawsuit by 26 athletes against the state and multiple investigative agencies.

April 29, 2024

U.S. Gaming Industry's Cashless Adoption Slowing Post-COVID

Although the pandemic may have accelerated the move by U.S. consumers toward touch-free, cashless payment methods in general, that transition has taken casinos longer to embrace due to various factors, including the industry’s strict regulatory environment.

April 29, 2024

Scotland Will Raise Legal Gambling Age If It Gains Independence

If Scotland votes for independence from the United Kingdom it would set new gambling policies, including raising the legal minimum age for gambling, according to a new Scottish government report.

April 29, 2024

Daily Dash: FCA Consults On Financial Crime Updates

The UK’s financial service regulator is seeking comment on proposed changes to its Financial Crime Guide, and India’s central bank has moved to shut down an unauthorised prepaid wallet provider.

April 29, 2024

EU Faces Increasingly Crowded Market For Payments Sovereignty

The European Central Bank and would-be providers of pan-EU payment services want to take on international providers such as Visa and Mastercard. But a busy market and a lack of a concrete strategy seem to be standing in the way of progress.

April 29, 2024

Open Banking Limited Consults On New UK Standard

UK standard-setter Open Banking Limited (OBL) has opened a consultation on a forthcoming update to the country’s open banking standards, known as v4.0.

April 29, 2024

Indonesia Forms Anti-Online Taskforce, Seeks Regional MOUs

Indonesia has announced the formation of a cross-ministerial task force to attack the spread of online gambling and engage regional governments in a “joint effort” at combating illegal operations.

April 26, 2024

Churchill Downs Betting On Convergence Of Historic Horseracing, Electronic Table Games

Executives with Churchill Downs are optimistic that they are closing in on the development of historic horseracing-powered electronic table games, but stopped short of announcing a launch date for the new product.

April 26, 2024

Spanish Minister Wants To Reintroduce Advertising Restrictions

A Spanish minister is seeking to reinstate parts of the restrictive advertising ban that the Supreme Court recently struck down.

April 26, 2024

Lords Discontent Proves UK Advertising Debate Far From Over

Demands from the UK parliament’s upper chamber to limit or even ban gambling ads shows pressure on marketing will continue well beyond the outcome of the country’s impending general election.

April 26, 2024

Week In Crypto: US Seeks Three-Year Prison Sentence For Former Binance CEO

US prosecutors call for an above-guideline sentence for Changpeng Zhao, the creator of TerraUSD could be looking at a record-breaking fine, and two suspects are indicted for operating a virtual currency mixer.

April 26, 2024

Fraud Ranks High In Ireland's Payments Consultation Responses

The Irish authorities should take more action on payments fraud, according to nearly half of all respondents to the National Payments Strategy consultation published this week.

April 26, 2024

AML Package Passed In Final European Parliament Vote

New EU rules to combat money laundering and terrorist financing have been adopted by members of the European Parliament, leaving only the European Council’s endorsement before they are signed into EU law.

April 26, 2024

Daily Dash: Lithuania Plots Dramatic Reduction In Payment Service Fees

Lithuania is moving towards introducing new legislation that will make bank payment services significantly cheaper, and the UAE central bank is rolling out open finance through a partnership with an AI firm.

April 26, 2024

Irish Lawmakers Debate Gambling Bill Amendments

Ireland’s landmark gambling bill has made some forward progress in its slow journey to becoming law, as both government and opposition politicians introduce a series of amendments.

April 26, 2024

News In Brief: April 22-April 26, 2024

A criminal investigation has triggered the suspension of licences in the Isle of Man, a bill in Ukraine that would dissolve the regulator advances and a Dutch politician calls for a debate on player refunds.

April 25, 2024

Alabama Lawmakers Delay Meeting On Gambling Bills

A group of Alabama lawmakers delayed a public meeting on Wednesday as House and Senate members continue to try and reach a compromise on a package of gaming bills that have divided the two legislative chambers.