Insights Archive

August 22, 2022

End Misleading BNPL Ads, FCA Warns

Although buy now, pay later (BNPL) products may escape regulation, the Financial Conduct Authority (FCA) has warned that all BNPL products in the UK must comply with financial promotion rules.

August 22, 2022

Will Major League Baseball Go Stag To California's Sports-Betting Party?

It has been ten days since Major League Baseball announced its support of an online sports betting referendum in California, and the silence from the National Basketball Association, National Football League and National Hockey League is growing more deafening.

August 22, 2022

Queensland Flags New Star Probe Into Triad 'Links'

Australian casino operator The Star Entertainment Group’s year of woe has taken another turn for the worse after a top Queensland state official flagged a fresh probity investigation over a media report linking partner company Chow Tai Fook to organised crime.

August 22, 2022

Chile Debates Sports-Betting Advertising

While a public war of words breaks out within the industry, debate about regulating sports-betting advertising has been ongoing this past week behind closed doors, in the sports commission of Chile's Chamber of Deputies.

August 19, 2022

Truss Outlines Payments Policy Plans In Battle For No. 10

Liz Truss, the Conservative frontrunner to be the UK's next Prime Minister, has eyed up a financial regulatory merger, while also making commitments to ensure access to cash remains stable.

August 19, 2022

Week In Crypto: Celsius Reveals Its Missing Billions, Coinbase Hit By New Insider Trading Claims

New court hearings shine a light on the hole in Celsius’s balance sheet, fresh allegations of insider trading are levelled against Coinbase and another algorithmic stablecoin unravels.

August 19, 2022

SEC Charges Three With Insider Trading Concerning Equifax Data Breach

The US Securities and Exchange Commission (SEC) has said a public relations employee tipped off her friends with prior information on the massive Equifax data breach and illegally profited from trading stocks in light of that information.

August 19, 2022

Daily Dash: India Consults On Payments Systems

India’s central bank has released a new discussion paper on payment fees, while a New Zealand bank becomes the latest to offer a mobile payments terminal for merchants, and Dubai leans into the metaverse.

August 19, 2022

Brazil's Gambling Bill May Get Autumn Date In Senate

A sweeping bill to legalise gambling in Brazil will be scheduled on the Senate's legislative agenda after presidential elections conclude on October 30, according to the measure's chief sponsor.

August 19, 2022

Kenya Revenue Authority Clears Suspended Licences

A total of 105 gambling companies in Kenya have cleared a major hurdle in receiving their licence or having it renewed.

August 19, 2022

Kansas Sports Betting Set For September Launch, But Legal Issues Remain

Kansas Governor Laura Kelly announced Thursday that sportsbooks at the four state-owned casinos will begin accepting retail and mobile wagers during a soft launch period on September 1, a week before the start of the National Football League (NFL) season.

August 19, 2022

Massachusetts Regulators Kick Off Sports-Betting Stakeholder Meetings

Massachusetts regulators held their first in a series of roundtable conversations with potential sports-betting operators following the passage of legislation legalizing the activity earlier this month.

August 19, 2022

News In Brief: August 15-August 19, 2022

Bremen continues its hostility towards betting shops, Veikkaus to add a watershed to its slot machines and a trio of betting exchanges to debut in New Jersey.

August 18, 2022

US Banks Offering Crypto Must Inform Fed

According to a supervisory letter, US banks should notify the Federal Reserve before they engage in crypto-related activities.

August 18, 2022

Behind The Struggle Of Mexico’s CoDi

Despite being the first mover in Latin America, Mexico’s instant payment service has not yet taken off. Cash is still the king in the country, while CoDi's Brazilian counterpart is skyrocketing.

August 18, 2022

Maryland, Ohio Regulators Progress Toward 2023 Sports-Betting Launches

Maryland regulators said it is still possible online sports betting could begin prior to the NFL's Super Bowl game in February 2023, the first hint of an actual launch date coming out of the state.

August 18, 2022

Washington Tribes Oppose Maverick Gaming's Efforts To Void Compacts

Eric Persson, owner of Maverick Gaming, believes his business is at an economic disadvantage because tribal casinos in Washington state can offer sports betting, roulette, craps and electronic table games, while blackjack and baccarat are the only games allowed inside cardrooms.

August 18, 2022

Argentine Players Campaign To Classify Poker As A Sport

The Association of Sports Poker Players in Argentina is lobbying hard to have poker classified and regulated as a sport and not a game of chance.

August 18, 2022

Colombia Tax Reforms Leave Gambling Winnings Mostly Unchanged

Gambling’s central importance to funding the Colombian healthcare services has spared it from the sweeping reforms to occasional gains taxes proposed by new President Gustavo Petro, according to a local legal expert.

August 17, 2022

Starling, Monzo Top UK Bank Customer Surveys (Again)

Digital first banks were among the highest ranked UK financial institutions in new surveys commissioned by the Competition and Markets Authority; however, data suggests it has little impact on customer switching habits.

August 17, 2022

Fed Issues Guide On Crypto Firms Access To Pay System

The US Federal Reserve has finalised guidelines aimed at helping regional banks evaluate requests by crypto firms to connect to the central bank payment system. The guidelines are expected to provide much-needed clarity on the process, rebuked by some as a “black box”.