Insights Archive

September 27, 2022

Australia To Abolish Cashless Debit Card Restricting Welfare Claimants’ Spending

Australia’s newly-elected Labor government has announced plans to abolish a controversial Cashless Debit Card that was designed to prevent welfare claimants from spending on gambling and alcohol.

September 27, 2022

U.S. Casinos Concerned About iLottery Games That Look Like Online Slots

State lotteries and U.S. casinos appear to be on a collision course over online lottery games that commercial operators claim are too similar to online slot machines that should be within their domain.

September 27, 2022

Nevada Gaming Board Continues To Tweak Cybersecurity Regulation

Nevada regulators on Monday continued their process to enact new cybersecurity regulations designed to ensure operators follow best practice when it comes to data protection.

September 27, 2022

Operator Launches Online Betting On Pivotal Brazilian Election

Malta-based online gaming operator KTO has launched a Brazilian election section of its website, where users can bet on various outcomes related to October's highly anticipated election that will be pivotal to the future of the country's gambling market.

September 26, 2022

European Commission In ’Listening Mode’ On Open Finance

A senior official at the European Commission said that 2023 will be the year that it goes forth with its open finance framework, as the industry urges a beneficial transition from open banking.

September 26, 2022

Brussels Commits To Payment Accounts Directive Review ’Very Soon’

On the EU’s Consumer Protection Day, Mairead McGuinness, the EU’s financial services commissioner, said Europe needs to "steer a new path" for its financial system, prioritising financial inclusion.

September 26, 2022

Thailand Unveils New Payment System Vision As Part Of Digital Economy Master Plan

The Bank of Thailand has published new guidelines outlining its vision for the country’s future payment system, as it seeks to more than double the number of digital payments per capita by 2024.

September 26, 2022

Fraud Is Not Only Zelle’s Problem, Bank CEOs Tell Congress

Contrary to media reports, fraud is not flourishing on Zelle, US megabank CEOs say, arguing that, in fact, it is safer than rival peer-to-peer (P2P) platforms.

September 26, 2022

India's Tax Man Puts Online Gaming Operators On Notice

India’s central tax enforcer has issued a blanket warning to online gaming operators that it will imminently collect more than $12bn in unpaid taxes, compounding pressure on an industry under attack from multiple state governments.

September 26, 2022

U.S. Regulators Stressed By Relentless Surge Of Technology

Staying on top of advances in online gaming while also maintaining vigilant oversight of brick-and-mortar casinos is pushing U.S. gambling regulators to the brink.

September 26, 2022

Industry Refocus Needed To Secure Online Casino Expansion, Say Execs

Leading gaming executives have pointed to a need for the industry as a whole to adapt strategically and adjust its priorities in order for online casino expansion to ramp up in the United States and reverse its current stagnation.

September 26, 2022

African Market 'The Next Frontier' But Volatility Remains, Says Panel

Gambling businesses looking to enter African markets must be prepared for regulatory and tax volatility, understand the data about local markets and be patient, according to a panel with an array of experience on the continent.

September 23, 2022

Fintechs Launch Open Finance Association To Keep Pressure On Brussels And London

The Open Finance Association is ready to finish the job the Payments Services Directive started and create a well functioning open finance ecosystem, the new not-for-profit organisation declared.

September 23, 2022

Week In Crypto: NY Court Orders Tether To Show Reserves; J.P. Morgan CEO Calls Crypto A ’Ponzi Scheme’

New York wants bank statements and more from Tether, Jamie Dimon throws crypto under the bus (again) and Kraken CEO resigns after 11 years on the job.

September 23, 2022

Australian Regulator Says More Needed To Improve Card Acceptance

In its first report on least cost routing (LCR), a feature that is intended to reduce the costs of card payments for merchants, the Reserve Bank of Australia finds limited uptake and points at the industry’s role in it.

September 23, 2022

ICIJ Blasts US Treasury For Delay In Setting Up Beneficial Ownership Register

ICIJ, the investigative group of journalists behind the so-called FinCEN Files, the massive leakage of banks’ suspicious activity reports, has pointed out that a new database aimed at addressing regulatory gaps in the US anti-money laundering framework is “taking way too long”.

September 23, 2022

Daily Dash: US Senator Queries Ratings Firms Over ESG Scoring

Republican senator calls on ratings firms to share ESG methodologies, Iran pilots a CBDC and Citi announces it is exiting the UK retail banking market.

September 23, 2022

Philippines To Start Mass Deportation Of Online Gambling Workers

The Philippines’ justice secretary has announced the deportation of at least 281 Chinese citizens who worked illegally for offshore-facing online gambling companies (POGOs) and warned as many as 40,000 foreigners now fall into this category.

September 23, 2022

Maryland Mandates Rolling Start For Mobile Betting, As Massachusetts Mulls Launch Approach

On the same day that Maryland regulators resolved to award licenses for online sports betting on a rolling basis, counterparts in Massachusetts were urged by numerous operators to instead establish a universal launch date for legal sports wagering.

September 23, 2022

Brazilian Executives Bet On Regulation By March

Brazilian executives have told the industry it can reasonably expect regulations for sports betting soon after the presidential election is over on October 30.

September 23, 2022

Fire-Breathing U.S. Casino Leaders Urge Destruction Of Illegal Industry

In unusually harsh rhetoric, the mild-mannered CEO and president of the American Gaming Association on Thursday called for the annihilation of the unlawful gambling industry and the head of Penn National described illegal operators as “cockroaches.”