Insights Archive

May 18, 2022

Sweden Moves Ahead With B2B Licensing Plans

The Swedish government has submitted a series of proposals, including licensing gambling software companies, prohibiting the promotion of illegal gambling and changes in requirements for “moderation” in marketing, to help protect children and the vulnerable.

May 18, 2022

U.S. Attorney Warns Casinos Not To Sleep On Money Laundering

Even if they are victims of money laundering schemes, casinos can find themselves facing criminal charges if their safeguards against financial fraud fail to meet federal standards, the U.S. attorney for New Jersey said Tuesday.

May 18, 2022

Spain Reveals €58m In Online Fines Issued Last Year

The General Directorate for the Regulation of Gambling (DGOJ) in Spain has said it closed 13 online gambling sites and sanctioned another six in 2021, publishing the information publicly for the first time. The fines issued to the 19 companies totalled more than €58m.

May 18, 2022

SPAC Deals Stall As U.S. Regulator Proposes Tougher Oversight

Deals involving special purpose acquisition companies (SPACs) exploded amid investor enthusiasm to tap into an expanding U.S. sports-betting market, but concerns of industry profitability and tighter regulations threaten to restrict future SPAC buyouts.

May 17, 2022

US Launches National Strategy To Close AML Loopholes

The new US national illicit finance strategy sets out four priorities to address existing loopholes in the country's regulatory framework, including those related to cryptocurrencies, beneficial ownership and gatekeeper professions.

May 17, 2022

EBA Publishes New RTS On Crowdfunding Service Providers

The European Banking Authority (EBA) has published its final draft of regulatory technical standards (RTS) specifying the information that crowdfunding service providers need to provide to consumers.

May 17, 2022

Agreement And Compromise: Data Governance Act And NIS2 Take Step Forward

Political agreement on new cybersecurity rules brings the EU's data strategy a step closer to its 2023 deadline, while compromise is reached on the second Network and Information Systems Directive (NIS2).

May 17, 2022

Philippines President Issues Executive Order On Digital Payments, As Central Bank Steps Up Fight Against Fraud

President Rodrigo Duterte has issued an executive order mandating all public agencies to offer digital payment options, while the Philippines central bank is cracking down on fraud.

May 17, 2022

Swedish Treasury Pushes Black Market, Data Protection As Regulatory Focus

Sweden’s State Treasury has found that government revenue and gambling addiction have remained largely unchanged since the country reformed its online market, as it backs new measures to protect players.

May 17, 2022

UK Penalises White-Label Firms Over AML, Safer Gambling Failings

Two white-label gambling companies, which each operate more than 200 websites for other companies, have been assessed more than £700,000 for failings in anti-money laundering (AML) and safer gambling policies.

May 17, 2022

Big Three Of California, Florida, Texas Vital To U.S. Sports Betting

The future of the U.S. sports-betting market hinges on the three states of California, Florida and Texas, with excessive advertising a legitimate concern but cannibalization of traditional casino revenue an unproven myth, according to New Jersey’s chief gambling regulator.

May 17, 2022

California Tribes See Battle Against Mobile Sports Betting As 'Fight For Survival'

By far the most high-stakes and most expensive campaign ever in the U.S. to legalize sports betting continues to escalate in California as tribes and commercial operators battle for voter support of their competing initiatives.

May 16, 2022

US Trade Bodies Release AML Best Practices For Money Transmitters

Best practices have been released to guide money service businesses on how to develop a programme for anti-money laundering (AML) and sanctions compliance and addresses the challenge of de-risking.

May 16, 2022

Instant Payments Mandate Could Speed Up Adoption, But Comes At A Cost

The European Commission is expected to unveil new instant payments regulation this autumn, including mandating banks to accept it, but Brussels has a long wait before it finally becomes "the new normal".

May 16, 2022

BIS Provides Tools To Boost Payment Firms’ Direct Access To Central Bank Systems

The Bank for International Settlements (BIS) has published a self-assessment report for central banks to encourage the direct participation of payment firms in central bank payment systems. In a separate report, the organisation also calls for a global settlement window to increase the speed of cross-border payments.

May 16, 2022

New York iGaming Bill 'Too Much, Too Soon' In 2022

New York state Senator Joseph Addabbo has acknowledged he may have acted too soon by introducing an online gaming bill during this year’s legislative session as lawmakers were coming off approving mobile sports betting and then three downstate casino licenses.

May 16, 2022

Curaçao Now Targets End-Of-Year Gambling Reform

The Curaçao government is promising a long-delayed reform of gambling legislation to fix what an independent body calls “shortcomings in regulation” by the end of the year.

May 16, 2022

More M&A Activity Expected Amid Stock Sell-Offs

U.S. gaming stocks continue to extend their recent losing as investors worry about ongoing inflationary pressures, but there are still merger and acquisition opportunities within the industry, according to a panel of financial analysts.

May 13, 2022

LUNA’s Crash Landing: Algorithmic Stablecoin Experiment Ends In Tears

TerraUSD, a US dollar stablecoin that runs on the Terra blockchain, appears to have met its maker after shedding 70 percent of its market cap in a single day.

May 13, 2022

Counting The Cost: How Will The LUNA Crash Impact Crypto Regulations?

With the Terra blockchain halted on May 12, both TerraUSD, an algorithmic US dollar stablecoin, and LUNA, its collateral token, are now officially laid to rest.

May 13, 2022

PSR Fines NatWest Group For Interchange Overcharge

The UK’s Payment Systems Regulator (PSR) has punished the retail banking group after four of its banks failed to comply with the Interchange Fee Regulation.