Insights Archive

July 12, 2022

After Spreading Like Wildfire, U.S. Sports Betting Grinding Down

Last month’s heartbreaking defeat in North Carolina coming on the heels of a similar failure in May in Minnesota could be the new normal for the campaign to expand sports betting across the United States.

July 12, 2022

U.S. Gaming Industry Struggles With Narrative For Legalizing Online Casinos

As sports betting is now legal in 35 states, the U.S. gaming industry plans to increase its lobbying of state legislatures to legalize internet gaming, a task that has been difficult as politicians have so far dismissed the narrative about significant tax revenues that could be generated.

July 12, 2022

Gammix Battles Dutch Cease And Desist Order

Malta-based Gammix Limited is fighting back against a cease and desist order from the Netherlands Gambling Authority (KSA) for offering online games without a licence, but could face millions of euros in fines.

July 12, 2022

GambleAware Pleads For White Paper Release

UK charity GambleAware has publicly implored ministers not to further delay publication of the Gambling Act white paper, despite the political chaos that currently grips the ruling Conservative Party.

July 11, 2022

Canadian Telco Outage Causes Payments System Havoc

A blackout at telco Rogers has caused widespread disruption to essential services across Canada, including bringing many of the country’s payments systems to a halt.

July 11, 2022

New Zealand Regulator Takes AML Action Against One Of Country’s Largest Banks

The Bank of New Zealand, one of the country’s oldest commercial banks, has been chastised by the central bank for money laundering failures.

July 11, 2022

US Treasury Proposes Framework For International Engagement On Digital Assets

The US Treasury has proposed a new interagency framework for engagement and cooperation with foreign counterparts and international fora on digital assets regulation.

July 11, 2022

Lithuania Keeps On Growing As Payments Hub, As De-Risking Remains A Problem

Lithuanian payments and electronic money institutions had almost 10m customers in 2021, with revenues growing 3.5 times as the country tries to grapple with the size and knock-on effects of its burgeoning sector.

July 11, 2022

’A Classic Ponzi Scheme’ - Celsius Faces Major Fraud Complaint From Former Asset Manager

An asset manager who worked with crypto-lending platform Celsius has filed a fraud complaint in which he accuses his former partner of operating a “classic Ponzi scheme”.

July 11, 2022

Ireland In 'Final Stages' Of Regulator CEO Selection

Ireland is in the “final stages” of its process to select the first CEO of its much-anticipated Gambling Regulatory Authority of Ireland.

July 11, 2022

German Regulator Targets Lottoland, But Offers Reprieve To Pending Applicants

Germany’s new federal regulator has waited less than two weeks to take its first enforcement action, as it moves against Lottoland, but clarity on its plans to combat the black market will be a relief to operators that have applied for a licence.

July 11, 2022

Cryptocurrency Is Coming Whether Gaming Regulators Are Ready Or Not

State gaming regulators are going to be left behind unless they prepare for the inevitable surge in cryptocurrency and other forms of digital payments, according to Colorado’s director of gaming.

July 11, 2022

Hurdles Remain For Sports Betting In California, Massachusetts

Despite a multimillion-dollar campaign by California tribes to defeat the company's online sports-betting ballot initiative this November and opposition from the state's Democratic Party, DraftKings CEO Jason Robins has said he is confident the proposal is an innovative solution to societal problems in the largest state in the nation.

July 8, 2022

Week In Crypto: Insolvencies Escalate As FTX Goes On Shopping Spree

As the crypto insolvency crisis continues to claim new victims, FTX billionaire Sam Bankman-Fried has said he is willing to spend up to $2bn to stop the bleeding and save the industry.

July 8, 2022

Is It Really Worth It? Experts Split Over SCA Impact

The implementation of strong customer authentication (SCA) has been a bumpy road but experts are still divided in their views on whether it has been worth it.

July 8, 2022

Revolut Makes Pitch To Business Customers With New mPOS Device

Revolut has expanded its merchant acceptance business in the UK and Ireland with the launch of its first mobile point of sale (mPOS) reader as it looks to expand its merchant customer base. This follows the launch of an Irish buy now, pay later (BNPL) solution in June.

July 8, 2022

Singaporean Lawmakers Probe MAS On Digital Banking Failures

Members of Singapore’s parliament have questioned the Monetary Authority of Singapore (MAS) on a range of matters, including how the country can improve on recent banking outages, ESG rules and crypto protections.

July 8, 2022

Cash Still King In Germany, While Its Neighbours Go Cashless

New data from the Bundesbank shows that cash remains dominant in the EU’s largest economy, while research in neighbouring Belgium shows clear digital preferences.

July 8, 2022

Brazil Betting Operators Facing Advertising Blackout

Offshore sportsbook operators active in Brazil could be prohibited from advertising in the country until a local licensing regime becomes effective, under legal amendments approved by the lower house of Congress late on Wednesday.

July 8, 2022

Prime Minister's Resignation Puts White Paper In Limbo

The news that UK Prime Minister Boris Johnson will resign puts the long-awaited white paper on Gambling Act reform in limbo, with officials promising yet again that it will be released “in the coming weeks”.

July 8, 2022

D.C. Seeks Answers On Underperforming Sports-Betting Business

Council members in Washington, D.C. will hold a hearing next week on the district’s struggling sports-betting program after significant underperformance compared with initial expectations.