Insights Archive

October 27, 2021

UK Problem Gambling Rate Decreasing, Says Commission

The UK’s overall problem gambling rate and moderate risk rate have decreased over the past year, according to the Gambling Commission’s latest data.

October 26, 2021

Sweden Probes Crypto Exchanges’ AML Practices

The Swedish Financial Supervisory Authority (Finansinspektionen) has opened an investigation into two leading cryptocurrency exchanges as it believes these types of entities are particularly exposed to the risk of being exploited by criminals.

October 26, 2021

Australia Tweaks Debit Card Regulations, But Leaves Schemes Fees Alone

Australia is to alter its rules governing dual-network debit cards and least-cost routing of transactions, but has decided not to regulate scheme fees yet, the Reserve Bank of Australia said after concluding a review of the country’s retail payments regulation.

October 26, 2021

UK Consultation on New Data Regime: Opportunities and Costs

On September 10, 2021, the UK government launched a consultation to reshape the data protection regulatory framework, looking at the country’s exit from the EU as an opportunity to enhance the current regime.

October 26, 2021

The ECB Needs You: Experts Called Up To Join Digital Euro Talks

The European Central Bank (ECB) is inviting technology experts to take part in online technical talks to explore options for the design of a central bank digital currency, it has announced.

October 26, 2021

Disgraceful' Crown Melbourne Leashed After Stay Of Execution

Crown Resorts has dodged a bullet after a Royal Commission into misconduct at its Melbourne casino opted against licence cancellation, but a government appointee will control the casino's operations for two years and enforce profound reform.

October 26, 2021

German Casino Regulation Called Cumbersome Compromise

The planned German state-by-state licensing system for online casino games is a “patchwork quilt with no chance of a functioning legal market”, an online gambling executive has said.

October 26, 2021

Labor Shortage Is Lingering, Atlantic City Casino Executive Says

One of the many harmful impacts of COVID-19 on casinos has been the difficulty of retaining and hiring enough workers, and the gaming industry is still struggling to find a solution, an Atlantic City casino executive has said.

October 26, 2021

DraftKings Will Not Bid Again For Entain

DraftKings has said it will not be making a new offer for Entain, ending for now the billion-dollar battle with MGM to acquire the UK-headquartered gambling giant.

October 26, 2021

Social Media Ads Appeal To Kids More Than Adults, Researchers Find

Gambling advertising on social media is significantly more appealing to children and young people than to adults, research suggests.

October 26, 2021

Ireland Has Gambling Advertising In Its Crosshairs

An Irish cross-party parliamentary committee wants to immediately suspend any legal standing for gambling adverts that can be seen by children online.

October 26, 2021

Turf War Between Online Casino And Online Lottery Persists In Pennsylvania

The relationship between online casino and online lottery remains incongruous as the two genres are forced to co-exist in several major U.S. markets, particularly in Pennsylvania.

October 25, 2021

UK Government Payments Plan Draws Mixed Response

The UK government’s priorities following the Payments Landscape Review are welcome, but they cannot pin hopes on authorities such as Pay.UK being able to deliver them, payments insiders have cautioned.

October 25, 2021

CFPB Picks Up Slack With New Bigtech Inquiry

Living up to his reputation, Rohit Chopra is giving the teeth back to the Consumer Financial Protection Bureau (CFPB) as he launches an inquiry into bigtech payment platforms.

October 25, 2021

Confirmation Of Payee Readies For Phase Two, But It Is No Silver Bullet

Phase one of the Confirmation of Payee (CoP) implementation has had a positive impact, the UK's Payment Systems Regulator said, which is now considering the extension of the service to more payment service providers. However, CoP alone will not be enough to prevent fraud.

October 25, 2021

ESAs Score National Authorities Well, But Hint At New Convergence Requirements

The European Banking Authority and the other supervisory authorities outline improvements needed for national competent authorities.

October 25, 2021

California Crafts Policy To Report Non-Prosecuted Cardroom Financial Crimes

Policymakers in California are considering creating a new reporting system to make it more difficult for cardroom employees who were fired or quit their jobs for financial crimes to continue working in the gaming industry.

October 25, 2021

New Italian Gambling Chief Vows Action

Italy’s new gambling minister has promised action on tender extensions and said that the country’s gambling laws are not fit for a “civilised” society.

October 25, 2021

Top Macau Lawyer Warns Judiciary In 'Subservient' Decline

The long-time head of Macau’s lawyers association has publicly attacked creeping politicisation of the casino hub’s judiciary, warning of damage from magistrates who “tout” patriotism.

October 22, 2021

UK Treasury Opens BNPL Consultation

The buy now, pay later (BNPL) phenomenon comes to loggerheads with regulators as HM Treasury opens a consultation on how it should be overseen.

October 22, 2021

Swedish Banking Watchdog Sets Danske Bank AML Deadline

Danske Bank must rectify its anti-money laundering (AML) and counter-terrorist financing deficiencies by June 30, 2022, the Finansinspektionen has warned.