Insights Archive

June 7, 2022

MAS Expands Customer Security Requirements For Online Banking

The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) have set out additional measures to further safeguard customers from digital banking scams.

June 7, 2022

Finland's Supreme Court Says Fantasy Sports Belong To Monopoly

A long-running dispute over whether popular fantasy sports games are legal under Finland’s monopoly gambling law has ended with victory for the state.

June 7, 2022

UN Group Calls On Poland To Amend Gambling Rules, Create New Regulator

The Polish branch of a United Nations corporate responsibility initiative has celebrated the country’s apparently shrinking black market, but is still pushing for a regulatory overhaul.

June 7, 2022

Rush Street Interactive CEO Ties Online Profitability To Player Retention

Rush Street Interactive CEO Richard Schwartz used an investor conference on Monday as an opportunity to remind analysts that profitability in the online gaming business comes from player retention, rather than acquisition.

June 7, 2022

After Mastering Internet Gambling, New Jersey Eyes Esports

Less than one year into his second four-year term, Democratic Governor Phil Murphy of New Jersey hopes to achieve the same success with esports as his state has enjoyed with internet gaming and sports betting.

June 6, 2022

Dubai Leading The Way As A Fintech Hub In Fast Growing Region

The Middle East is going through a large digitalisation phase, backed strongly by local government efforts. As banks’ approach to fintechs is changing, Dubai is turning into a preferred destination for fintechs to get a foothold in the region.

June 6, 2022

Project Guardian: Singapore Launches New Digital Asset Pilot Focused On Defi, Tokenisation

The Monetary Authority of Singapore (MAS) has launched a new digital asset collaboration with banking giants J.P. Morgan and DBS Bank as it looks to harness the benefits of decentralised finance (defi).

June 6, 2022

Deutsche Bank Exec Resigns Over Greenwashing Raid As ESG Becomes Key EBADay 2022 Topic

DWS, a subsidiary of Deutsche Bank, said its offices were raided by German police last week, as panellists in Vienna agreed that environmental, social and governance (ESG) issues are a priority for employees.

June 6, 2022

Czech Payments Industry To Launch Payments Using Mobile Phone Numbers

From next year, it will be possible to send a payment to someone else's account only with the knowledge of the owner's phone number, the Czech banking association has announced.

June 6, 2022

Queensland Eyes Wagering Tax Hike Amid Entain Protest

The Australian state of Queensland has proposed an increase in the point of consumption (POC) tax for wagering from 15 to 20 percent as part of a racing industry funding package that bypassed corporate bookmaker feedback.

June 6, 2022

Missouri Grey-Market Slots Company Owner Faces Illegal Gambling Charges

In a key test case for Missouri, the owner of a company that has distributed thousands of unregulated grey-market games to gas stations, convenience stores and other locations faces illegal gambling charges in Adair County in the northeastern part of the state.

June 6, 2022

Canadian Money-Laundering Report Submitted, Public Release Pending

The final report from British Columbia’s public inquiry into money laundering has been submitted to the provincial government, with officials reviewing the Cullen Commission’s report before its released to the public, a spokesman confirmed on Friday (June 3).

June 6, 2022

Chile's Tax Service Targets Online Gambling Over VAT

Chile’s Internal Revenue Service has declared it will enforce taxes against unregistered foreign companies, including gambling operators, that have not been paying value added tax (VAT) to the government.

June 6, 2022

Personnel Moves - May 2022

Rhodes confirmed as UK commission top dog, US treatment firm adds new directors, Okada Manila chair dies days before raid and Costa Rica renews regulators mandate.

June 2, 2022

Ohio Sports Betting To Launch In 2023

A multifaceted rollout that includes sports wagering kiosks at hundreds of retail locations means Ohio’s sports betting market will not go live until the latest legally possible date of January 1, 2023, regulators confirmed on Wednesday.

June 2, 2022

TheScore Exiting U.S. Sports Betting Market On Canada Day

Canadian sports betting brand theScore, which was acquired by Penn National Gaming last year, informed its customers Wednesday that it will shut down its U.S. sports betting operations on Canada Day, or July 1.

June 2, 2022

Gambling Could Be Wild Card In Texas Governor’s Race

Gun violence is likely to be the central issue in this year’s governor’s race in Texas, but the legalization of casinos and sports betting could emerge as a significant factor in a campaign expected to be especially bitter and divisive.

June 1, 2022

UK Treasury Sets Out Plans To Manage Stablecoin Failures

In a new consultation, the UK government has announced its intention to take the necessary legislative steps to bring services that issue or facilitate the use of stablecoins into the regulatory perimeter, primarily by amending existing electronic money and payments legislation.

June 1, 2022

Are We There Yet? From Open Banking To Open Finance

Fragmentation and varying sets of standards have hindered open banking’s functionality, panellists agreed at EBADay 2022 in Vienna yesterday, as they shared their visions for open finance.

June 1, 2022

Philippines Central Bank Issues New Rules On Cross-Border Peso, FX Transactions

The Bangko Sentral ng Pilipinas (BSP) has amended its rules on cross-border transfer of currencies to allow greater flexibility for international travellers.

June 1, 2022

Russian Oil Ban: European Council Reaches Agreement On 6th EU Sanctions Package

The European Council has reached an agreement in principle that could lead to a ban on around 90 percent of Russian oil imports to the EU by the end of 2022.