Insights Archive

February 19, 2024

DraftKings To Remain Disciplined On M&A After Jackpocket Purchase

DraftKings CEO Jason Robins stressed the $750m acquisition of Jackpocket was a strategic move to help the company win the U.S. online gaming market but should not be seen as the start of a rash of deals.

February 19, 2024

Nigeria To Evaluate Impact Of Sports Betting, Not Ban It

Nigeria will assess the impact of sports betting after a motion was passed on Thursday calling on the federal gambling regulator to comply with existing regulations.

February 19, 2024

Daily Dash: GoFundMe Shuts Down Tornado Cash Legal Defence Fund

GoFundMe has shut down a fundraiser for the indicted founders of Tornado Cash, and Revolut has launched a new AI feature that aims to prevent fraudulent card payments.

February 19, 2024

Circle, Coinbase Call For Terrorist Financing Charges Against Tether

Representatives of Circle and Coinbase have called for US regulators to take action against Tether, as the stablecoin’s links to terrorist groups come under scrutiny in Congress.

February 19, 2024

US FTC Proposes Extending Ban On Impersonation Scams

The US Federal Trade Commission (FTC) is seeking input on a proposal to extend the protections of a new rule prohibiting the impersonation of government and businesses to also apply to individuals.

February 19, 2024

BaaS, Embedded Finance, AI Are Top Priorities For FIs In 2024, Finastra Survey Finds

Despite economic headwinds in 2024, a Finastra survey has found that financial institutions will prioritise investments in banking-as-a-service (BaaS), embedded finance, artificial intelligence (AI) and other technologies with payments use cases.

February 19, 2024

New Star Entertainment Inquiry Launches As Time Runs Down

The New South Wales state gambling regulator has launched a second major inquiry into The Star Entertainment Group’s Sydney casino operations to determine if its efforts at compliance reform warrant its survival.

February 16, 2024

DraftKings Targets Lottery Cross-Sell With Jackpocket Deal

DraftKings will enter the burgeoning U.S. online lottery courier business after it announced a deal to acquire Jackpocket, less than two weeks after the company entered the New Jersey online casino market.

February 16, 2024

Florida, Arkansas Regulators Ramp Up Pressure On Pick'Em Operators

State regulators continue to pressure fantasy sports operators that offer pick’em style games to leave their states, including new action from Florida regulators requiring operators to cease the games by March 1.

February 16, 2024

News In Brief: February 12-February 16, 2024

Alabama to consider amendment that would open gambling market and Australia's Star Entertainment trades job security for tax delays.

February 16, 2024

German Regulator Disputes Industry View That Rules Are Too Strict

The German regulator has pushed back against the view that overly strict interpretations of gambling law are driving players to the black market.

February 16, 2024

Week In Crypto: Bitcoin Use Rising Among Child Predators, Says FinCEN

A US Treasury agency highlights the growing use of Bitcoin among child predators and human traffickers, Tether relocates to El Salvador, and Argentinians continue to fight inflation with stablecoins.

February 16, 2024

Digital Euro Legislative Amendments Released

Stefan Berger, the rapporteur for the Single Currency Package, has released his amendments to the digital euro legislation, touching on topics such as merchant fees.

February 16, 2024

Daily Dash: HM Treasury Appoints Open Banking Tsar To FCA Board

The UK’s financial services regulator has appointed an open banking expert as its latest board member, and India has launched a new pilot to study offline and programmable CBDC payments.

February 16, 2024

Albania Un-Bans Sports Betting

Albania is set to reopen its online sports-betting market after its parliament narrowly approved a draft law, soon after a vote on the changes was delayed.

February 15, 2024

Alberta Begins Fact-Finding For Private Online Gaming Market

Alberta officials have started the process to create an open market for online gambling, potentially following the lead of fellow Canadian province Ontario into the space.

February 15, 2024

German Court Suspends Player Refund Lawsuit Pending EU Ruling

Germany’s Federal Court of Justice has suspended a player-refund lawsuit against a Malta-based gambling operator pending a ruling by the Court of Justice of the European Union.

February 15, 2024

Lithuania Proposal Would Ban Gambling Advertising

More than 40 MPs have submitted a draft law to ban gambling advertising in Lithuania, just days after fellow Baltic nation Estonia's government was warned of the unintended consequences that an advertising ban would have.

February 15, 2024

ECON Committee Gives Green Light To PSD3/PSR

Lawmakers on the Economic and Monetary Affairs committee celebrated Valentines’ Day by voting through both the Payment Services Directive and Payment Services Regulation (PSD3/PSR).

February 15, 2024

MEPs Acknowledge European Parliament 'Struggles' With Digital Euro In Testy ECB Hearing

Members of the European Parliament (MEPs) had another awkward exchange with the European Central Bank (ECB), as factions try to come to an agreement on their position on the digital euro.

February 15, 2024

Australia: Scam Losses Down Almost 30 Percent Since Launch Of New Agency

Australia’s treasurer has applauded the early progress made by a new agency in reducing losses to scams, as a key consultation on scam reimbursement comes to an end.