Insights Archive

April 25, 2022

Rework Laws To Reduce Loot Box Harms, Say Researchers

The drive to prevent harm caused by loot boxes would benefit from clearer legislation and enforcement, according to new research published in the Journal of Behavioral Addictions, which also suggests safer gambling tools can protect consumers.

April 25, 2022

Meghalaya Confirms Gaming Ban For Locals Despite Liberal Turn

A Meghalaya government minister has told national media that only visitors to the northeastern Indian state will be allowed to gamble online or in land-based facilities, confirming a regulatory exception for locals quietly released late last year.

April 25, 2022

Missouri Sports-Betting Bill Returned To Senate Committee

A bill to legalize sports betting in Missouri has been referred back to a committee for review after it had been placed on the Senate calendar for a final reading and possible passage.

April 22, 2022

Fewer Rules, More Costs? PRA Outline Priorities

Smaller banks are set to offer cheaper mortgages as the Bank of England’s Prudential Regulation Authority (PRA) commits to easing rules following the UK's withdrawal from the EU.

April 22, 2022

PIX Scam May Lead to 12 Years’ Imprisonment

A new Brazilian bill would tighten penalties for social media scams, embezzlement and extortion involving PIX or WhatsApp.

April 22, 2022

APP Fraud Continues To Keep Banks Up At Night

TSB, one of the UK’s largest challenger banks, has put out an “urgent warning” about impersonation fraud in the UK, stating that it has accounted for one-third of fraud cases since the start of the year, and over a half of total losses (55 percent).

April 22, 2022

Royal Stamp Of Approval For CBDCs In New BIS Op-Ed

Queen Máxima of the Netherlands, who serves as the United Nations Secretary-General's Special Advocate for Inclusive Finance for Development, has joined the Bank for International Settlements (BIS) chief in endorsing the potential for central bank digital currencies (CBDCs).

April 22, 2022

The Year Of Losing Heavily: Taiwan’s Digital Bank Pioneers Count The Cost In Annual Results

Taiwan’s first two digital banking entrants have just completed their first year in business, with strong customer growth coming at the expense of profits.

April 22, 2022

Open For Business: Bank Of Thailand Scraps Red Tape Around FX Transactions

Thailand relaxes foreign exchange (FX) regulations as it seeks to help the private sector cut costs and improve risk management.

April 22, 2022

US Sanctions Crypto Mining Company For The First Time

In a landmark designation, the US Treasury has sanctioned Bitriver, the largest Russian provider for green cryptocurrency mining, in fear that the crypto farm could help Russia evade US sanctions.

April 22, 2022

Tribes Face Difficult Choice To Run Online Offering Or Sell Market Access

As more and more states legalize online sports betting and eventually, online casino, tribal nations with existing casino operations are faced with a need to adjust to an unfamiliar space in digital gaming.

April 22, 2022

Mobile Sports Betting Still Months From Launch In Maryland

Although it has been almost six months since Republican Governor Larry Hogan was joined by politicians and retired athletes as he placed the first legal retail sports bet in Maryland at MGM National Harbor, mobile wagering still has not been launched.

April 22, 2022

News Corp, BetMakers, Tekkorp Form Online Gaming Venture

Australia’s BetMakers Technology Group has confirmed the formation of Australasian online wagering venture NTD, backed by a consortium including News Corp Australia, US-based online gaming fund Tekkorp and veteran industry player Matt Tripp.

April 22, 2022

News In Brief: April 18-April 22, 2022

Colorado pondering correct tax rates, Nevada regulator confirms investigation into Resorts World executive, Ontario clarifies bonus rule

April 21, 2022

Crypto Payments Accelerating, Says New Research

As the adoption of cryptocurrencies surges, US consumers are increasingly keen to use their digital assets to pay for goods and services.

April 21, 2022

PSP Fine Slashed By Maltese Court

A payment service provider (PSP) whose licence was revoked by the Malta Financial Services Authority (MFSA) has had a €156,000 fine for anti-money laundering failures slashed by a court of appeal.

April 21, 2022

‘Fast-Moving’ Fintech, Defi Need Tougher Regulations, Says New IMF Report

A new report from the International Monetary Fund (IMF) has called for greater regulation of “fast-moving” fintech firms, including neobanks and decentralised finance (defi) whose rapid growth could pose “systemic” risks to financial stability.

April 21, 2022

More Work To Be Done, FATF Compliance Report Says

No country can claim to have a perfect national framework to address money laundering, terrorist or proliferation financing, the Financial Action Task Force’s (FATF) president has said in a new report on compliance.

April 21, 2022

California Sports Betting Battle Top Of Mind At Tribal Gaming Convention

November’s election in California, which could feature as many as three different proposals to legalize sports betting in the state, is looming large over this year’s Indian Gaming Tradeshow and Convention.

April 21, 2022

German Regulator Faces Multiple Betting Lawsuits, Publication Says

Legal action has targeted provisions including those limiting live bets and setting a €1,000 monthly limit on deposits, according to German magazine WirtschaftsWoche. The council has been reviewing licence applications since January 2020 but on January 1, 2023, its authority passes to the planned central regulator, the Joint Gaming Authority for the Federal States (GGL). The council has supplied 41 licences, although some companies have several.

April 21, 2022

Senecas Take To The Streets In Gaming Feud With New York

About 200 people supporting the Seneca Nation marched in the streets of Buffalo, New York, last week as the tribe’s bitter conflict with Democratic Governor Kathy Hochul over gaming revenue continues to escalate.