Insights Archive

February 5, 2024

Fintechs Look To Remittances To Drive Mobile Wallet Reach

Revolut is the latest fintech to launch a mobile wallet aimed at streamlining cross-border payments, as remittances drive the adoption of digital payments between smartphones.

February 5, 2024

Daily Dash: Tata Reportedly Set For Faster Payments Takeover In UK

Indian conglomerate Tata has been tipped to unseat Vocalink as the operator of the UK’s instant payment system, and the Reserve Bank of India has warned against a rise in KYC updation fraud.

February 5, 2024

Ohio Governor, NCAA Call For Prop Bet Restrictions

Ohio’s governor and the National Collegiate Athletic Administration (NCAA) are pushing for the state to restrict proposition betting on college sports, citing ongoing concerns over gambling-related harassment of the players.

February 5, 2024

Dutch Government Mulls Single Customer View

Gambling operators in the Netherlands face the prospect of an enforced “single customer view”, as officials also warn that a full advertising ban looms if the industry cannot improve its image.

February 5, 2024

NSW Mandates Problem Gambling Floorwalkers At Slots Venues

The New South Wales (NSW) state government is set to require gambling venues with more than 20 electronic gaming machines to appoint full-time floorwalkers to monitor problem gambling behaviour.

February 2, 2024

Georgia, Mississippi Mobile Betting Bills Clear First Chambers

Legislation to permit mobile sports betting cleared the Georgia Senate on Thursday, but with a major catch that could impede the bill’s future progress.

February 2, 2024

WynnBET, Betr Exits From Massachusetts Delayed

Two of eight mobile sports-betting operators had planned to exit Massachusetts within the next few weeks but now an exact date is still to be determined as regulators failed to approve their cessation plans.

February 2, 2024

Belgian Minister Calls For Risk Scores On Every Gambling Game

Belgium’s minister of health wants every gambling game, from roulette to slots and lotteries, to display a risk score, to give players more information about gambling addiction.

February 2, 2024

Week In Crypto: Tether's 'Record Profit' Beats Goldman Sachs, Morgan Stanley

Tether reports larger profits than two US mega banks, Binance is sued by American victims of Hamas, and former UK chancellor George Osborne gets a new job at Coinbase.

February 2, 2024

Daily Dash: Celsius Bankruptcy Ends With $3bn Payout To Creditors

Celsius has ended its 18-month bankruptcy proceedings with a major payout to creditors, and mobile payments in the Netherlands continue to see a steady uptick as public transport goes contactless.

February 2, 2024

News In Brief: January 29-February 2, 2024

Allwyn and the UK Gambling Commission address Russia allegations, the National Collegiate Athletic Association bans insider betting coach and Nigeria launches its monitoring system.

February 2, 2024

SkyCity Admits Breaches, Raises AML Penalty Provision To $48m

Adelaide casino operator SkyCity Entertainment Group has increased the amount of cash it is reserving to pay a likely penalty for breaches of anti-money laundering (AML) legislation from A$45m to A$73m (US$48m), following a general agreement with the federal regulator before Federal Court.

February 1, 2024

Mississippi Mobile Sports Betting On The Move At Last

Since Mississippi launched retail sports betting almost six years ago, multiple bills to authorize mobile wagering have been introduced in the legislature but never passed the committee stage, until now.

February 1, 2024

Operator Sues Chilean Regulatory Bodies For Overstepping Authority

Online gambling operator Latamwin Group has sued Chile's casino and telecoms regulatory bodies for trying to impose legal restrictions that fall outside their jurisdiction.

February 1, 2024

Empty Finnish Payment Blocklist Draws Criticism

Finland’s payment blocklist is currently empty a year after its implementation, drawing criticism from a trade group representing the Finnish financial industry, but the National Police Board says it is a good deterrent.

February 1, 2024

French Regulator Warns Of Illegal Online Casinos On Facebook

Unauthorised and illegal online casino websites are mimicking French land-based casino brands on Facebook to divert players to their websites, France’s National Gambling Authority (ANJ) has said.

February 1, 2024

Visa Shifts Focus To Cross-Border And International As US Market Slows

2024 has gotten off to a “solid start”, says Visa CEO Ryan McInerney, but a slowdown in the US means that a pivot to cross-border and overseas markets is on the cards.

February 1, 2024

UK Labour Commits To Fintech-Friendly Policies

The UK’s Labour Party has said that it will “deliver the next phase” of open banking and “embrace the potential” of open finance in a new statement of intent to the financial services industry.

February 1, 2024

Daily Dash: UAE Completes Cross-Border CBDC Transaction With China

The United Arab Emirates (UAE) celebrated its central bank’s 50th anniversary with a cross-border digital currency transaction, while Luxembourg’s bankers have shared their concerns about the EU’s open finance plans.

January 31, 2024

Georgia Sports-Betting Legislation Clears First Hurdle

New legislation that would permit sports betting in Georgia without an accompanying state constitutional amendment began to make its way through the General Assembly on Tuesday, clearing a Senate committee.

January 31, 2024

German Gambling Industry Seeks More Transparent Regulation

The German gambling industry would like to see the Joint Gambling Authority of the States hold consultations on gambling policy like the UK’s Gambling Commission does, lawyers have said.