Insights Archive

January 15, 2024

TrueLayer Becomes First Participant In SPAA Scheme

TrueLayer has been officially authorised to take part in the open banking scheme, which is led by the European Payments Council.

January 15, 2024

Lawmakers Panicked By Singapore Lockdown On Remittances To China

Alarmed by a decision to suspend all non-bank and non-card remittances to China, lawmakers in Singapore are checking for further signs of turbulence in the remittance market.

January 15, 2024

Victoria Slaps Tabcorp With Cashless Betting Terminal Regime

Victoria state’s hardline gambling regulator has placed unprecedented restrictions on Tabcorp Holdings’ betting terminals in response to child gambling incidents, including staff proximity and line-of-sight criteria for cash bets.

January 15, 2024

Brazil May Open Limited Licensing Windows For Online Gambling

Brazil is set to restrict applications for online gambling licences to just two specific windows per year, rather than allowing companies to apply on an ongoing basis, according to the reported comments of a key government official.

January 12, 2024

U.S. Federal Bill Seeks To Address Problem Gambling Through Sports-Betting Tax

Two members of the U.S. Congress have introduced legislation to redirect some of the monies raised through the federal excise tax paid on each legal sports bet to fund problem gambling research and treatment.

January 12, 2024

Brazil Online Betting Law Affects Broader Gambling Expansion

Now that the final cheers have sounded over the passage of Brazil's sports-betting and online gaming law after an arduous five-year battle, industry advocates are shifting focus to what the new legislation could mean for the passage of a larger gambling expansion bill down the line.

January 12, 2024

Cannibalization Remains Key Concern For U.S. Fixed-Odds Wagering Expansion

Fixed-odds betting has often been cited as a way to modernize the U.S. horseracing industry, but one of the challenges for those in the business remains concerns over how it affects pari-mutuel wagering.

January 12, 2024

News In Brief: January 8-January 12, 2024

888 is fined in Virginia over college sports bets, New Jersey is to consider advertising limits and a Hong Kong controlled Russian casino is to be sold.

January 12, 2024

Curaçao Minister Blasts Online Gambling Bill 'Misinformation'

Curaçao’s finance minister has complained of “misinformation” about its draft online gambling bill, adding that a licensing timeline issued on December 20 has not changed.

January 12, 2024

Chair Of UK Trade Group Stepping Down In April

UK trade group the Betting and Gambling Council is looking for a new chief executive, as it prepares for a leadership reshuffle following the news that chair Brigid Simmonds is stepping down from her role in April.

January 12, 2024

Week In Crypto: Bitcoiners Celebrate SEC Approval For Spot ETFs

The crypto industry is triumphant following a major U-turn on spot Bitcoin exchange-traded funds (ETFs) by the US securities regulator, though critics have strongly opposed the move.

January 12, 2024

Consumer Group Accuses Starbucks Payment System Of 'Dark Patterns'

A US consumer protection group has claimed that the coffee giant is rigging its payment system to increase profits.

January 12, 2024

Daily Dash: Google Starts 2024 By Laying Off Over 1,000 Staff

Google has opened 2024 by announcing major layoffs throughout the company, while Commerzbank and Global Payments have announced a new joint venture.

January 12, 2024

Updated New York Online Casino Bill Filed In Senate

New efforts to legalize online casino gaming in New York, which would be a crown jewel for the slowly-expanding U.S. iGaming market, began in earnest Thursday with the filing of new legislation in the state’s Senate.

January 11, 2024

Georgia Committee Advances Sports-Betting Legislation

Georgia legislators have taken the first step in a renewed effort to enact sports betting in the state, with potential enabling legislation clearing a Senate committee on the second day of the 2024 session.

January 11, 2024

Legal Clarity For Fantasy Sports On Florida Legislative Agenda

A Florida senator has filed two bills that would legalize and regulate daily fantasy sports while trying to ban pick’em style contests that gaming regulators believe may violate state law, while a third proposal moves through the legislature.

January 11, 2024

Draft Curaçao Online Gambling Bill Draws Fire

Curaçao’s draft National Ordinance on Gambling is running into complaints, with the influential Advisory Council saying it has a “number of objections” and recommending that it be extensively revised.

January 11, 2024

Polish MP Calls On New Government To Loosen Cash Poker Regulations

Despite only being in power for less than a month, Poland’s new government is now facing calls from an opposition lawmaker to legalise cash poker games outside casinos and overhaul the taxation of these games.

January 11, 2024

Critics Object To 'Onerous' Plans To Regulate Big Tech Payment Apps In US

The Computer and Communications Industry Association has pushed back on new plans to regulate US big tech payment apps, describing them as a solution looking for a problem to solve.

January 11, 2024

Revolut Served With Class Action Suit In Illinois

The UK fintech is facing a class action lawsuit in Illinois over alleged abuse of biometric data collection.

January 11, 2024

Daily Dash: European Commission Consults On Generative AI And Virtual Worlds

The European Commission has opened a new consultation on generative AI, Indian fintech Mobikwik has filed to go public, and South Korea’s KakaoPay has seen a 14-fold surge in transaction value from foreign tourists.