Insights Archive

July 5, 2022

Potentially Disastrous Casino Strikes Averted On Holiday Weekend

Faced with costly strikes at the peak of the tourist season, brick-and-mortar casinos in New Jersey and Rhode Island reached tentative agreements with labor unions to prevent a walkout of workers during the Independence Day weekend.

July 4, 2022

Fed Delays ISO 20022 Migration To 2025

The US Federal Reserve has postponed the date of adoption of the ISO 20022 message format on Fedwire to help banks prepare for the launch of its new FedNow instant payment service.

July 4, 2022

European Parliament Agrees First EU Rules For Tracing Crypto-Asset Transfers

The European Parliament has provisionally agreed a landmark bill that will see most transfers of crypto-assets regulated in the same way as traditional money transfers.

July 4, 2022

Fraud, API Standards Central To EU’s Future Payments Vision

As preparations continue for a potential revision to the Payment Services Directive, payments chiefs in Brussels and Paris have warned that evolving fraud and technology standards must be front and centre.

July 4, 2022

EU Reaches Provisional Agreement On Markets In Crypto-Assets Regulation

After almost two years of consultations, the European Council presidency and the European Parliament have reached a provisional agreement on the Markets in Crypto-Assets Regulation (MiCA).

July 4, 2022

ESG Accountability Offers Strategic Advantage, Say Executives

Environmental, social and governance (ESG) standards are the next big thing in the gambling business, according to a panel of industry experts, who see it as a means to create a more sustainable product.

July 4, 2022

Personnel Moves - June 2022

The newly-active German regulator makes a key appointment, Nevada authority appoints new officials, Star Entertainment gets new CEO amid hearings fallout and Chilean trade group appoints an interim boss.

July 1, 2022

EU Leaders Reach Partial Position On New AML Watchdog

The European Council wants to expand the powers of the EU’s planned new anti-money laundering authority, but a row over where it should be based has prevented the Council from agreeing fully with the European Commission’s proposals.

July 1, 2022

Week In Crypto: SEC Says No To Bitcoin ETF, 3AC Ordered To Liquidate

US regulators have rejected an application for a bitcoin exchange-traded fund (ETF), while crypto hedge fund Three Arrows Capital (3AC) has received a court order to liquidate.

July 1, 2022

Europe’s Environmental Crime Problem

Crimes against the environment are increasingly drawing attention, as climate change has become crucial on the agenda of policymakers, yet Europol suggests the outlook remains bleak when tackling issues such as waste management and wildlife trafficking.

July 1, 2022

US Immigrants Struggling To Get Fair Financial Services

The Consumer Financial Protection Bureau is looking at a number of issues that more than 44m US immigrants face when they try to access financial services.

July 1, 2022

Crypto A Go In Two U.S. Sports-Betting States, But Others Staying On Sidelines

While deposits converted from cryptocurrencies were recently approved for online sports betting in Colorado and Virginia, New Jersey’s chief regulator has no plans to follow suit and continues to advise caution on the intersection between crypto and gaming in the U.S. market.

July 1, 2022

UK White Paper Contents 'Only Rumours', Say Industry Figures

Gambling industry executives are sceptical of news reports claiming the contents of the much-anticipated UK Gambling Act review white paper have already been finalised.

July 1, 2022

Peruvian Officials Meet With Mental Health Experts As Legislation Advances

Plans to legislate sports betting and online gambling in Peru have edged forward with a government meeting to discuss protecting minors and gambling addicts, but the industry remains frustrated with elements of the planned consensus bill.

July 1, 2022

German States Take Hard-Line Stance On Slots, Poker Licensing

Germany’s Gambling Committee, a group of 16 state regulators, has said it believes a transitional arrangement on virtual slots and poker has been dead for a year, and anyone offering such games without a licence can be considered “unreliable”.

July 1, 2022

Ontario Regulator Fines DraftKings Canada For Advertising Violations

Ontario regulators have dropped their most severe fine to date for violations of the province’s prohibition on inducements in gambling advertising, slapping DraftKings Canada with a C$100,000 fine.

July 1, 2022

News In Brief: June 27-July 1, 2022

Norway's offshore ad row is headed for dispute board, Light & Wonder lowers OpenBet price and Thailand could open five new integrated resorts.

June 30, 2022

No End In Sight For UK’s Bleak Fraud Results

More than £1.3bn was stolen by criminals through authorised and unauthorised fraud in 2021, according to UK Finance’s latest report.

June 30, 2022

Dubai Islamic Bank Joins Buna Cross-Border Payment Platform

Dubai Islamic Bank has become the first Islamic bank to join the Buna cross-border payment platform as part of its digital transformation strategy.

June 30, 2022

PSR Sets Out Provisional UK Card Acquiring Remedies

The Payment Systems Regulator (PSR) has published its provisional decision on remedies for the UK card-acquiring market review, following an initial consultation earlier this year.

June 30, 2022

US Agency Sues Walmart For Turning ’Blind Eye’ To Fraud

The Federal Trade Commission alleges Walmart allowed fraudsters to use its money transfer services, causing losses of hundreds of millions of dollars to its consumers.