Insights Archive

November 8, 2021

DraftKings CEO Talks Entain Fallout, New York Strategy After Q3 Loss

DraftKings CEO Jason Robins on Friday discussed the company’s decision to walk away from a potential $22bn takeover of Entain, as the company reported quarterly losses of more than a half-billion dollars amid a marketing blitz for the new NFL season.

November 8, 2021

Racing Data Man Jailed For Bookmaker Fraud

A crooked betting specialist for a national news agency that provided information to numerous bookmakers has been jailed after altering the results of horse races.

November 8, 2021

Crowded Field For California Online Betting Ballot Measures

A coalition of California Indian tribes on Friday filed a ballot initiative to authorize tribes to operate retail and online sports betting via servers on tribal reservations, further crowding the field for a series of conflicting referendums on sports wagering next November.

November 8, 2021

Florida Compact, Sports Betting In Jeopardy After Disastrous Court Hearing

The smooth ride of the Seminole compact for the last six months ended abruptly on Friday when a federal judge in Washington, D.C. became increasingly frustrated and even annoyed with responses from a government attorney defending the tribe’s historic gambling agreement with the state of Florida.

November 8, 2021

Industry 'Own Goals' Fuel Critics In Safer Gambling Week

The UK Gambling Commission is looking into why the websites of several Premier League football clubs were found to have links to betting sites on pages designed for children.

November 5, 2021

Will The DMA Be Bigtech’s PSD2?

EU regulators are increasingly hinting that they will use the Digital Markets Act (DMA) as a method of reining in bigtech’s role in the payments space.

November 5, 2021

Week In Brief - November 5, 2021

A short roundup of some of the week's payments news you may have missed. This week we look at the success of Indonesia's QR code acceptance, new virtual currency regulations in Poland, U.S. authorities raid on Chinese payments terminal firm and the latest delclaration from international central banks to fight climate change.

November 5, 2021

U.S. Gaming Industry Cautious On Cryptocurrency Wagering

Bill Miller, president and CEO of the American Gaming Association, believes the adoption of digital payments has been key in the industry’s recovery from the coronavirus pandemic but operators are still trying to figure out a future role for cryptocurrencies on the casino floor.

November 5, 2021

Rate Of Card Fraud Down As Payments Go Digital

New statistics published by the European Central Bank have found that the rate of card fraud has reduced in the EU, even as more payments move online.

November 5, 2021

Future Of Tribal Gaming At Stake In Florida Compact Court Hearing

Two lawsuits by Florida groups challenging the historic gambling compact negotiated by the Seminole Tribe with Republican Governor Ron DeSantis will be discussed this morning in a teleconference with U.S. District Judge Dabney Friedrich of Washington, D.C.

November 5, 2021

New York To Select Sports-Betting Operators For High-Tax Market

The New York State Gaming Commission is set to approve the winning bidders for a minimum of four mobile sports-betting licenses at a meeting on Monday.

November 5, 2021

U.S. Gaming Industry Cautious On Cryptocurrency Wagering

November 5, 2021

Curaçao Trying Again To Reform Controversial Licensing System

Under pressure from the Dutch government, Curaçao is preparing a second attempt at reform of its decades-old, much-criticised gambling legislation, VIXIO GamblingCompliance has learned.

November 5, 2021

News In Brief: November 1-November 5, 2021

A Northern Irish political pressure group has recommended full affordability measures be introduced and Maryland disappoints again on sports-betting progress.

November 4, 2021

MAS Faces Post-Pandora Papers Questions

Singaporean parliamentarians have probed the Monetary Authority of Singapore (MAS) about how effective it is at tackling money laundering and terrorist financing in light of the Pandora Papers.

November 4, 2021

Data-Driven Industry Needs Data-Led Regulator - FCA Chief Data Officer

The UK Financial Conduct Authority (FCA) is using machine learning and artificial intelligence to identify patterns that can result in consumer harm as it transforms the regulator’s data culture and capabilities, Jessica Rusu, FCA chief data, information and intelligence officer, said in a speech.

November 4, 2021

IFR Not Working For Smaller And Medium-Sized Merchants, PSR Report Finds

UK merchants with annual card turnover of between £15,000 and £50m served by the five largest acquirers get little or no pass-through of the Interchange Fee Regulation (IFR) savings, meaning that the supply of card acquiring services is not working well for them, a Payment Systems Regulator (PSR) report has concluded.

November 4, 2021

Experts Tell Congress Of Growing BNPL Risks

U.S. lawmakers have placed the rapidly growing buy now, pay later (BNPL) market on their regulatory agenda, discussing for the first time in Congress concerns related to data collection and credit reporting practices of BNPL companies.

November 4, 2021

New Jersey Moves Closer To Becoming Internet Gambling's Silicon Valley

Three years ago it sounded like a fantasy, but New Jersey’s steady dominance in sports betting is increasing the buzz about the Garden State becoming the Silicon Valley of the online gaming industry.

November 4, 2021

Probe Launched After Sky Bet Emails Bonus Offer To Excluded Players

The UK Gambling Commission has pledged to investigate how an online casino mistakenly offered free spins to recovering addicts during the industry’s annual Safer Gambling Week.

November 4, 2021

MGM Looking To Sell Mirage, Not Buy Out BetMGM Venture

MGM Resorts International on Wednesday announced that it plans to sell one of its iconic Las Vegas Strip properties, but also indicated that buying out the other half of its BetMGM joint venture is not on the company’s immediate list of priorities.