Insights Archive

November 3, 2021

U.S. Gaming Industry Leaders Concerned About Prevalence Of Advertising

The proliferation of sports-betting advertising in the U.S. remains a key area of concern for industry leaders, with both the volume of ads and prevalence of bonus offerings facing scrutiny.

November 3, 2021

Line Between Gambling, Gaming, Financial Products More Blurred Than Ever

An increasing number of volatile financial trading products and video games available to children closely resemble gambling, a panel of experts that includes UK Gambling Commission officials has warned.

November 2, 2021

Belgium Latest Country To Introduce Confirmation Of Payee In Fight Against Fraud

Learning from successful introduction of account verification services in UK and Netherlands, Belgium introduces bill to mandate a similar anti-fraud tool. Meanwhile, Bank of America launches Account Validation in the U.S.

November 2, 2021

News In Brief - November 2, 2021

The UK Financial Conduct Authority and the Bank of England’s Prudential Regulation Authority confirm investigation into Barclays CEO Jes Staley without revealing further details.

November 2, 2021

UK Financial Regulators Rally For Climate Change

The Financial Conduct Authority, the Prudential Regulation Authority, The Pensions Regulator and the Financial Reporting Council have issued their latest reports on climate change adaptation, and how they plan to put pressure on financial institutions to take the issue seriously.

November 2, 2021

P27 Appoints New Chief Executive

Paula da Silva, head of transaction services at SEB, has been named as the new chief executive of the Nordics prospective payments platform (P27).

November 2, 2021

UK Affiliates Not Linking To Safer Gambling Week

As the UK Safer Gambling Week 2021 begins, new data from an affiliate compliance monitoring company has revealed the vast majority of affiliate URLs fail to include safer gambling messaging.

November 2, 2021

Latin American Operators Urged To Self-Regulate On Advertising

Online gambling licensees in Latin America must quickly self-regulate their advertising practices to have any hope of avoiding harsh restrictions like in Spain, according to regulators and legal experts.

November 2, 2021

UK Online Boom Offsets Land-Based Tax Shortfall

Increased betting and online gaming activity has driven positive growth in year-to-date UK gambling tax receipts, despite cratering returns from machine gaming.

November 2, 2021

U.S. Gaming Industry Looking To Fit Esports In Among Slots, Table Games

Esports and casinos appear to be a perfect match, but as the gaming industry seeks to attract a new generation of customers who play video games, wagering on these events remains in its early stages.

November 1, 2021

Brussels Dodges Responsibility For Malta’s Greylisting

The European Commission does not turn a blind eye to the interpretation of anti-money laundering rules and hopes that any more members being greylisted by the Financial Action Task Force can be avoided in the future, the EU’s financial crime chief has said when probed about Malta becoming the first EU country on the grey list.

November 1, 2021

Hungary Fines Banks For Partner Agents’ AML Compliance Failures

The Hungarian National Bank (MNB) fined two banks for AML compliance failures at their partner currency exchanges.

November 1, 2021

FATF Ventures Into New Territory With Fresh Crypto Guidelines

The Financial Action Task Force (FATF) has released new guidance on virtual assets and virtual assets service providers (VASPs), superseding those that it previously issued in 2019.

November 1, 2021

U.S. Drops Massive Tax Reporting Proposal

House Democrats have reportedly dumped a massive tax reporting provision that would require financial institutions to report annual gross inflows and outflows in all accounts to the Internal Revenue Service (IRS).

November 1, 2021

Google Ad Fine Cancelled By Italian Court

An Italian court has cleared tech giant Google of violating Italy’s ban on gambling advertising.

November 1, 2021

California Tribes Oppose Online Sports Betting Ballot Measure

Two powerful groups representing California Indian tribes have come out in opposition to the ballot initiative to authorize online sports betting being proposed by FanDuel, DraftKings and other major U.S. operators, despite several provisions that were designed to attract tribal support.

November 1, 2021

Will The Ghost Of Sheldon Adelson Haunt U.S. Internet Gaming Industry?

Sheldon Adelson may be gone but his enduring influence as an opponent of internet gambling could not be denied during last week’s East Coast Gaming Congress in Atlantic City.

November 1, 2021

Personnel Moves - October 2021

Pontus Lindwall survives at Betsson, the Nevada Gaming Commission fills two panel slots and a Philippine gambling exec resigns to run for mayor.

October 29, 2021

U.S. Working On ’Unique’ Open Banking Rules

The U.S. is looking at the United Kingdom to learn about open banking, but it is working on a solution that is tailored uniquely to the needs of U.S. consumers, the head of the open banking rulemaking agency told Congress.

October 29, 2021

Week In Brief - October 29, 2021

A short roundup of some of the week's payments news you may have missed.

October 29, 2021

Visa Results Soar Past Pre-COVID Levels Despite Cross-Border Lull

Visa’s 2021 annual results show a significant increase in 2020 as revenues and payment volumes bounce back to above pre-COVID levels. Full-year net revenues increased 10 percent to $24.1bn, while payments volume (on a constant dollar basis) increased 16 percent to more than $10trn.