Insights Archive

September 12, 2023

UK Health Department Acknowledges Gambling Suicide Impact

The UK Department of Health & Social Care has said evidence points to links between “harmful gambling” and suicide, highlighting it in the country’s new suicide prevention strategy.

September 12, 2023

Time To Take 'Pig Butchering' Scams Off The Menu, Says US Regulator

The US Financial Crimes Enforcement Network (FinCEN) has warned against a fast-growing crypto scam known as "pig butchering", which involves the financial fattening of the victim.

September 12, 2023

Gift Cards In Trouble As EU Negotiates AML Regulation

Trade associations representing electronic money issuers, distributors and retailers have called on EU institutions to abstain from introducing mandatory customer identification for low-value prepaid cards.

September 12, 2023

End Of The Line For Square? Merchants' Fury Following Four-Day Outage

Block is likely headed for a class action lawsuit following an "unacceptable" global outage of Square, its small business merchant acquiring arm, sources have told Vixio.

September 12, 2023

Swedish Trade Group Approves Of Higher Money Laundering Fine Proposal

The Swedish online gambling trade group has said it approves of plans to increase fines for money laundering violations, but warned they should be based on gross revenue to be fair.

September 12, 2023

Florida Sports Betting Moves Closer To Revival After Court Decision

A federal appeals court in Washington, D.C. on Monday issued an order that could accelerate the resurrection of sports betting in Florida after a two-year hiatus.

September 12, 2023

Daily Dash: US Plays Down Digital Dollar Plans

The Federal Reserve has said the US is a long way from issuing a central bank digital currency, Ireland has seen a surge in money mule activity, and a new study in Australia has found that slower payments might be the way to beat fraud.

September 11, 2023

Irish Child Gambling Report 'Deeply Troubling', Says Minister

The Irish government minister in charge of gambling policy has called the findings of a report on children and gambling “deeply troubling”.

September 11, 2023

Penn Entertainment Eyeing Pole Position For ESPN BET

During an investor conference on Thursday, CEO Jay Snowden told analysts he was confident that Penn Entertainment has the right recipe for success with its ESPN BET venture, including crucial buy-in from new partners at ESPN and Disney.

September 11, 2023

North Carolina Gaming Expansion Chances Appear Bleak

North Carolina’s House Speaker has indicated that a massive gaming expansion proposal does not have enough support among the party that controls the state legislature to be included in the state’s forthcoming budget bill.

September 11, 2023

US Consumer Watchdog Scrutinises Tap-To-Pay Restrictions By Bigtechs

Mobile payment restrictions by Apple and Google have been put under the spotlight by the Consumer Financial Protection Bureau (CFPB), as the most powerful US consumer agency closes in on an open banking work.

September 11, 2023

UK Regulator Extends Deadline To Comply With New Crypto-Asset Promotion Rules

In response to industry feedback, the UK's Financial Conduct Authority has postponed the deadline for firms to comply with "tough" new rules on crypto-assets promotions.

September 11, 2023

Deconstructing MiCA (Part 2): The First Obligations in EU Regulators' Focus

This regulatory analysis will explore the first set of obligations that is subject to the European Union’s (EU) consultation package focusing on the Market in Crypto-Assets Regulation (MiCA). The analysis will examine key topics such as authorisation, complaints-handling requirements and assessment of proposed acquisition of qualifying holdings. This analysis is second in a series of pieces focused on MiCA.

September 11, 2023

Autumn Begins With Enforcement In Lithuania As More Payments Firms Fined

Summer is over and the Baltic regulator is back to business, fining two payments firms over regulatory failings.

September 11, 2023

Brazil Gambling Oversight May Move To Ministry Of Sport

There is a political battle for the proposed Brazilian National Gambling Secretariat, as it is being used as a bargaining chip and may be given to the Ministry of Sport.

September 8, 2023

Massachusetts Grants Short-Term Waivers For ID Verification Rules

The Massachusetts Gaming Commission granted another set of temporary waivers from its regulations on Thursday, this time dealing with age and identity verification requirements.

September 8, 2023

MGM CEO Confident UAE Resort Will Offer Casino Gaming

MGM Resorts International CEO Bill Hornbuckle is confident that a planned resort project within the United Arab Emirates (UAE) will eventually be licensed to offer casino gaming, as the company continues to move forward with opportunities in Japan and New York.

September 8, 2023

UK Gambling Commission Hits Back Over Affordability 'Myths'

With still six weeks to go before its consultation on financial risk checks draws to a close, the UK Gambling Commission has intervened to dispel various “myths” it says are recurring in the conversation around affordability.

September 8, 2023

France Predicts Massive Betting Surge For Rugby World Cup 2023

French people plan to bet on the upcoming Rugby World Cup in their droves, with 13 percent of the entire adult population predicted to gamble on the event.

September 8, 2023

Week In Crypto: No End In Sight For Binance Executive Exodus

Three Binance executives and one manager resign in one week, calls grow for regulators to move in on decentralised finance, and the IMF and FSB advise against banning crypto.

September 8, 2023

'Not Too Big To Play By Rules': Google Settles US In-App Purchase Suit

Google and a group of 50 attorneys general have settled "in principle" an antitrust lawsuit alleging that the bigtech giant abused its monopoly power over in-app payment processing.