Insights Archive

June 25, 2024

Canadian Lottery Executives Critical Of Grey Market Operators

Top executives from three provincial lottery corporations in Canada have maintained a strong stance against grey-market operators who continue to operate in their jurisdictions and argue that advertising of unregulated products has confused Canadian consumers.

June 25, 2024

Ukraine Bans Gambling With Loans

The National Bank of Ukraine has implemented a ban to prevent gamblers from using loaned funds for the purpose of online gambling.

June 25, 2024

Google Puts Brakes On Gambling Expansion Plan

Google has put the brakes on its support for game types and operators not covered by existing licensing which paved the way for new opportunities in Brazil, Mexico and India.

June 25, 2024

Singapore Forces Facebook Marketplace To Check IDs Of 'Risky Sellers'

Singapore has imposed ID verification requirements on Facebook Marketplace sellers to protect users from being scammed, potentially setting a trend that will extend to other jurisdictions.

June 25, 2024

EU Implements 14th Sanctions Package On Russia

The Council of the EU has adopted its 14th package of sanctions against Russia and implemented new sanctions for Sudan and in response to cyber-attacks.

June 25, 2024

ECB Publishes First Progress Report On Digital Euro Preparations

A new report on the digital euro project outlines how the European Central Bank (ECB) is designing high privacy standards for online and offline digital payments to mimic cash transactions, developing a methodology for calibrating digital euro holding limits and contributing technical input to legislative discussions with European co-legislators.

June 25, 2024

Daily Dash: FinCEN Issues New Advisory On Procurement Of Fentanyl Precursors

The US has urged financial institutions to be on high alert for suspicious activity related to fentanyl precursors, and Liechtenstein has published new guidance to help firms comply with MiCA and DORA.

June 25, 2024

Swedish Authority Fines Kanon Gaming Over Duty Of Care Failings

The Swedish Gambling Authority has fined Kanon Gaming SEK7m (€623,395) for failing to react appropriately when its customers showed signs of problem gambling.

June 24, 2024

Peru: A Question Of Time And Taxes

Peru's chief gaming regulator has declared that as of September all online gambling operators must be licensed and authorised in the country.

June 24, 2024

Tax Rates, Grey Market Transition Key Issues In Alberta

With Alberta government leaders intent on following Ontario’s lead into a privately operated online gaming model, industry leaders say the role of existing land-based facilities could be a key differentiator between the two provinces.

June 24, 2024

UK Ad Infractions Far Higher Than Other Jurisdictions, Says Report

There were 1.32m marketing regulatory infractions in the UK during 2023, considerably higher than other comparable jurisdictions, according to research by an affiliate compliance firm.

June 24, 2024

Daily Dash: Iran’s CBDC Cleared For Soft Launch In July

Iran has confirmed that it will launch a retail central bank digital currency (CBDC) on a limited basis in July, while the US Federal Reserve has penalised Evolve Bancorp for compliance failures related to its fintech partnerships.

June 24, 2024

India Opens Applications For Self-Regulatory Organisations Serving NBFCs

Self-regulatory organisations that wish to represent non-bank financial companies (NBFCs) can now apply to become officially recognised by the Reserve Bank of India.

June 24, 2024

No More Hiding Scheme Fees From Us, RBA Tells Card Networks

Card networks could soon be forced to reveal their scheme fees to the regulator, as the Reserve Bank of Australia (RBA) calls for greater transparency across the payments market.

June 24, 2024

India's GST Council Backs Cancellation Of Fatal Tax Notices

India’s GST Council has approved an amendment to tax legislation that could free the nation’s gaming companies of billions of dollars in catastrophic goods and services tax (GST) back notices.

June 21, 2024

Alberta Official Confirms Plan To Follow Ontario Gaming Model

A top Albertan government official confirmed Thursday that the province plans to replicate much of Ontario’s private online gaming model as part of its own gambling overhaul.

June 21, 2024

Massachusetts Sports-Betting Operators Agree To Discuss Player Wagering Limits

The Massachusetts Gaming Commission confirmed Thursday that each of the state’s licensed sportsbooks have now agreed to attend a public meeting to discuss the topic of limiting successful customers, about a month after just one attended an initial hearing on the topic.

June 21, 2024

News In Brief: June 17-June 21, 2024

Another UK Conservative politician is embroiled in a growing betting scandal, Boyd makes a bid for Penn, Bovada blocks Michigan residents and Zimbabwe's home affairs minister warns against illegal gambling.

June 21, 2024

For Influencers In Latin America, Great Power Comes With Legal Consequences

Their power is outsized, they are largely unregulated and they are increasingly in trouble with the law for their illegal involvement in online gambling. No, not a criminal organisation, but influencers, whose power in Latin America has seen them become popular targets for advertising deals with online operators both legal and illegal.

June 21, 2024

Week In Crypto: Oldest Consumer Watchdog In The US Declares War On Tether

A US consumer watchdog begins a nationwide ad campaign against Tether, two Binance executives are cleared of tax evasion in Nigeria and an Indian regulator fines Binance for anti-money laundering failures.

June 21, 2024

MEPs' Fraud Liability Plans Are Misdirected, EU Official Says

EU lawmakers’ plans to make tech and telecom firms liable for fraud in the Payment Services Regulation might clash with sector regulation, a senior official at the European Commission has said, pouring cold water on plans favoured by many payments firms.