Insights Archive

June 30, 2022

Brazil Wants 'Liberal', 'US Style' Sports-Betting Rules, Says Minister

Brazil’s secretary of competition has said the country is seeking an “American model” of sports-betting regulation, but could offer no clues on a timeline for the stalled implementation decree.

June 30, 2022

National Football League Hires First Executive Dedicated To Sports Betting

The partnership between professional sports leagues and the sports-betting industry took another big step this week with the National Football League’s (NFL) appointment of an executive to oversee wagers on games.

June 30, 2022

Romanian Industry Fights Government Plans To Supersize Winnings Tax

The Romanian gambling industry is scrambling to water down government plans to introduce a 40 percent winnings tax on players.

June 30, 2022

Battle Of California Sports-Betting Initiatives Set To Be Most Expensive Ever

In a decision that could have an impact on their relationships with other tribal communities in California, two Native American tribes have announced their support for a newly qualified ballot measure to allow mobile sports betting state-wide, instead of a separate retail-only wagering initiative backed by other tribes.

June 30, 2022

Judge Lifts UK National Lottery Stay, Battle Shifts To Damages

A High Court judge has lifted a stay on the transition of the UK’s National Lottery franchise from Camelot Group to Allwyn Entertainment, a move which will allow Allwyn to begin preparing to take over one of the world’s largest lotteries.

June 29, 2022

Moscow Metro Pilots Homegrown Faster Payments, As Russia Eyes Payment Alliance

Authorities in Moscow have launched two pilot projects using Russia’s homegrown Faster Payments System (SBP), while President Putin sets his sights on an anti-sanctions alliance among non-aligned countries.

June 29, 2022

VIXIO View: Barclays Takes Another Swipe At Klarna Over Buy Now, Pay Later

UK bank Barclays has said support for buy now, pay later (BNPL) regulation could save almost 900,000 UK adult consumers from problem debt, adding to the litany of findings Barclays has levied against BNPL during the past six months.

June 29, 2022

Belgian Banking Watchdog Tells PIs/EMIs To Increase Staffing

UK institutions who chose Belgium as an EU base post-Brexit need to consider bringing more operations to the country from the UK, the National Bank of Belgium has said.

June 29, 2022

US Treasury Warns UAE Banks Against Russian Sanctions Evasion

Wally Adeyemo, deputy secretary of the Treasury, reminded its Gulf ally that financial institutions must be exceedingly cautious in handling Russian businesses as concerns grow that the United Arab Emirates (UAE) may be supporting sanctions evasion.

June 29, 2022

Demand For Office Leasing Hints At Philippine Online Recovery

More than two years of disruption and dislocation for foreign-facing Philippine online gaming operators (POGOs) may be at an inflection point, as operator demand for office space starts to pick up despite pandemic uncertainty.

June 29, 2022

Inflation, Not Recession, Will Be Gambling Industry Profit Poison, Economist Says

Gambling could well prove resistant to any coming recession, but not to inflation, an economist has said.

June 29, 2022

New Jersey Preparing Ad Guidelines Amid Warnings Of Legislative Backlash

New Jersey’s Division of Gaming Enforcement is preparing to release formal guidelines on sports betting and online gaming advertising, with the aim of raising industry standards before state legislators are forced to take action.

June 28, 2022

UK Government Set To Simplify AML Compliance Requirements With Outcomes Focus

HM Treasury has committed to financial crime reforms, suggesting that legislation so far has been unable to solve money laundering failures for businesses and regulators alike.

June 28, 2022

BIS, PBOC To Launch Renminbi Liquidity Arrangement For APAC Central Banks

The Bank for International Settlements (BIS) has partnered with the People’s Bank of China (PBOC) to develop a new reserve pooling scheme for central banks in Asia-Pacific.

June 28, 2022

Reserve Bank Of India Pushes Back Deadline For Holding Card Data

India’s central bank has extended its deadline for the holding of card-on-file data by entities other than card issuers and networks, as the country struggles to prepare itself for a new tokenised alternative.

June 28, 2022

SEC Chair Pushes For Single Rulebook For Crypto

Gary Gensler has said he is pushing for a single rulebook for crypto exchanges and reveals that the two most active US crypto regulators are close to signing a memorandum of understanding.

June 28, 2022

Polish Ministry Looks Set To Spurn Calls For Regulator

Poland has shifted control of its blacklist to a new department, in a move that has frustrated groups pushing for the creation of a dedicated gambling regulator.

June 28, 2022

California Close To Consensus On Restructuring Application, License Fees

California gaming regulators will hold a hearing next month to consider approving a long list of proposed changes to the licensing process and fee structure to align them to meet with the state’s actual costs.

June 28, 2022

Michigan Gaming Tribes Show Once Again They Are Not Monolith

The outrage immediately following Democratic Governor Gretchen Whitmer’s rejection this month of a $180m casino proposal by a Michigan tribe seems to be fading, as other tribes in the state praise the governor’s decision.

June 28, 2022

Brazilian Football Clubs Lobby For Share Of Sports-Betting Spoils

Major football clubs showed up at Brazil's Chamber of Deputies last week to lobby for a share of profits or data rights from sports betting, whenever it is finally regulated.

June 27, 2022

Gibraltar Officials Vow To Get Off Greylist In A Year

Gibraltar officials have vowed to reverse the “disappointing surprise” of being relegated to the Financial Action Task Force's (FATF) greylist within 12 months.