Insights Archive

October 15, 2021

Only Two Governors To Be Elected In 2021, Both In Gaming States

Two states — one where gaming is just getting started and another almost synonymous with brick-and-mortar and online casinos — will elect governors on November 2.

October 15, 2021

U.S. Executives Say Leagues, Media Lead Sports-Betting Boom

Two top gaming executives have said professional sports leagues and media companies are among the biggest winners after more than three years of the U.S. sports-betting boom.

October 15, 2021

London's Aspinalls Denies Culture Of Racism As Croupier Sues

Lawyers for exclusive Mayfair casino Aspinalls have denied the company has an “institutional culture of racism or sexism" after being sued by a black croupier who says she was subjected to "violating" racism and sexism.

October 15, 2021

BGC Replaces 'When The Fun Stops, Stop' Campaign

The Betting and Gaming Council (BGC) has announced the long-awaited replacement of the "When the fun stops, stop" safer gambling campaign in the UK.

October 15, 2021

Finland Police Fine Eurosport €800,000 Over Gambling Ads

Finland's National Police Board has fined television network Eurosport €800,000 ($929,000) over gambling advertisements in violation of rules protecting gambling monopoly Veikkaus, even though the broadcasts originated from outside Finland.

October 15, 2021

News In Brief: October 11-October 15, 2021

Michigan reports record monthly gross revenue for online gambling, abolition of Lithuania's flat tax for lotteries and gambling looms larger, and the European Lotteries boss weighs in on the EU's Digital Services Act.

October 14, 2021

Banks Find Agile Tools To Fight Agile Fraudsters During Pandemic - Sibos

As financial crime has skyrocketed during the pandemic, financial institutions have had to change the way they chase fraudsters. While machine learning can increase their agility in fraud detection, there is more to do in terms of cooperation, panelists at a Sibos session said.

October 14, 2021

Fed Payments Modernization Moves Forward With E-invoice, Remittance Initiatives

The U.S. Federal Reserve and Business Payments Coalition (BPC) has announced plans to launch a pilot exchange framework for electronic invoices (e-invoices) and an initiative to improve electronic delivery of remittance information.

October 14, 2021

Bankers Split On Implications Of CBDCs

The rise of central bank digital currencies (CBDCs) has left commercial and public sector banking officials dwelling on what the best move forward is and potential risks. Meanwhile, China continues to emerge as the most likely first mover. <br />

October 14, 2021

UK Casino Docked £450,000 For AML, Responsibility Failures

The UK Gambling Commission has fined a Leeds casino £450,000 ($615,000) after a probe revealed social responsibility and anti-money laundering (AML) failures.

October 14, 2021

Australian Online Problem Gambling Rate Doubles In A Decade

A landmark Australian study on the prevalence and impacts of interactive gambling has given ammunition to governments to impose heavier restrictions on online gaming, with the rate of problem gambling doubling to 1.2 percent in ten years.

October 14, 2021

Signature Gatherers Accused In Florida Sports Betting Campaign

The DraftKings and FanDuel sports-betting campaign committee in Florida is no longer soliciting signatures at Florida International University (FIU) in Miami following reports of students being harassed on campus, a committee official said.

October 14, 2021

Minnesota Sports Betting Still Facing Strong Tribal Opposition

Minnesota lawmakers are expected to reconsider legislation next year that would legalize sports betting, but any bill likely needs the support of gaming tribes that oppose any form of gambling expansion.

October 13, 2021

Improving Cross-Border Payments As Much A Commercial Issue As Regulatory

Cross-border payment linkages are as beneficial to the private sector as they are to regulators and government, according to panelists at Sibos 2021. This comes after EBA Clearing, The Clearing House and SWIFT announced their new cross-border payments initiative.

October 13, 2021

ISO 20022 To Move Sanctions Screening From Crime Detection To Prevention - Sibos

The rapid growth of electronic payments has increased the need for better sanctions screening. As interest in new technologies grows, the market is shifting its approach from “detecting” a suspicious payment to “preventing” it, experts said at Sibos 2021.

October 13, 2021

Dip In PEPs, Rise In SARs, FCA Analysis Shows

A change in guidance has triggered a decrease in the amount of politically exposed persons (PEPs) being reported to the UK’s Financial Conduct Authority (FCA). However, analysis shows that there has been an increase in the number of Suspicious Activity Reports (SARs).

October 13, 2021

Riksbank Says ’Do No Harm’ Is Guiding Principle For e-Krona CBDC

Leading in central bank digital currency (CBDC) experimentation, Sweden’s e-krona study is focusing on P2P, P2B retail payments while the country is considering the possibilities of potential offline use and paying interest on digital fiat deposits.

October 13, 2021

Entain Says Only Half German Population May Get Online Casino

An Entain executive has estimated that about half of Germany's population will be eligible to access online casino games, although some states would be reserved for state monopolies.

October 13, 2021

Unintended Consequences Linger 15 Years After UIGEA Enactment

There may not be a better example of a federal statute creating the opposite of what Congress intended than the Unlawful Internet Gambling Enforcement Act (UIGEA), which President George W. Bush signed into law 15 years ago today.

October 13, 2021

U.S. Sports Betting Enjoys September Surge

September was a bumper month for the U.S. sports-betting market, particularly for bettors taking up generous bonuses at the start of the National Football League (NFL) season, if new regulator statistics in Indiana and Iowa are indicative of market-wide trends.

October 13, 2021

Ukraine Court Upholds Removal Of Regulator Accused of Graft

Ukraine's top anti-corruption court has removed the former deputy head of the country's gambling regulator after accusations of illicitly receiving $90,000 to process licences and permits.