Insights Archive

January 19, 2024

Revisions To Employment Restrictions Not On Massachusetts Regulator's Legislative Wishlist

After a review of its existing statutes, the Massachusetts Gaming Commission has approved a letter to send to the legislature proposing amendments to the state's gaming, sports betting and horseracing laws, but declined to include revisions to its pre-employment restrictions.

January 19, 2024

New York Senator To Continue iGaming Pursuit Despite Setback

A key New York lawmaker said he will not give up his pursuit of online casino legislation despite its absence from the governor’s executive budget proposal earlier this week and continued opposition from key union groups.

January 19, 2024

News In Brief: January 15-January 19, 2024

A company is fined by a Denmark court over advertising compliance and Caesars preliminary results suggest losses will be cut in its online division.

January 19, 2024

Google's Plans Will Bring 'Significant Changes' To Online Gambling, Says App Developer

Google’s plan to open up support for game types and operators not covered by existing licensing will bring “significant changes” to the online gambling industry, according to app developer mkodo.

January 19, 2024

Week In Crypto: We Have Seen Tether's Billions, Top Custodian Tells Davos

A Tether custodian shares an eyewitness account of Tether’s reserve assets, Chainalysis reports another bumper year for crypto crime, and Sam Bankman-Fried’s parents attempt to distance themselves from the crimes of their son.

January 19, 2024

US: Identity-Related Exploits Amount To $212bn

The US Financial Crimes Enforcement Network (FinCEN) received 1.6m reports related to the exploitation of identity processes, the latest statistics show.

January 19, 2024

EU Legislators Reach Agreement On 'Necessary' AML Package

EU negotiators have provisionally agreed on the anti-money laundering regulation, after tightening up rules regarding crypto-assets. However, decisions on the location of the Anti-Money Laundering Authority remain unresolved.

January 19, 2024

Daily Dash: Trump Will Trump Digital Dollar

Controversial Republican candidate Donald Trump has come out against a possible central bank digital currency in the US. Meanwhile, Belgium’s new "Banker’s Oath" has come into force.

January 19, 2024

Mass Visa Debacle Implicates Philippine Immigration Officials

The Philippine justice secretary has called for immigration personnel to be swapped out, for fear they will destroy evidence of mass visa issuances involving fake companies, some of which likely mask illegal online gambling operations.

January 18, 2024

West Virginia Considers Sports-Betting Harassment Ban, Regulating Touts

A pair of bills have reappeared in the West Virginia legislature to give gaming regulators the ability to ban gamblers who harass athletes or coaches, as well as granting officials oversight of independent tout and handicapper evaluators.

January 18, 2024

Dutch Regulator Closes Match-Fixing Investigation

The Netherlands Gambling Authority (KSA) said it has completed a market-wide investigation into match-fixing risks, with a focus on bets on amateur competitions.

January 18, 2024

EBA Extends AML Guidelines To Crypto-Asset Service Providers

The European Banking Authority has extended its guidelines on money laundering and terrorist financing risks to crypto-asset service providers as part of ongoing efforts to combat financial crime.

January 18, 2024

Dutch Regulator Fines ICS Over GDPR Violations

The Dutch Data Protection Authority has imposed a fine of €150,000 International Card Services BV (ICS) over non-compliance with data privacy rules.

January 18, 2024

Daily Dash: Singapore Leverages 'Robotic' Technology To Prevent $69m In Losses To Scams

Singapore’s police force has announced that it prevented nearly $70m in potential scam losses in Q4 of last year, while the Maltese financial watchdog has released a new consultation on the implementation of the Digital Operational Resilience Act.

January 18, 2024

Eighth NSW Conviction For Bookmaker Points To Poor Deterrence

Australian corporate bookmaker SportChamps has been convicted and fined after an eighth prosecution of the company for illegal advertising in six years, but without suffering a substantial penalty for repeat offending.

January 17, 2024

New York Governor Leaves Online Casino Out Of Budget Plan

The already tenuous hopes for online casino legislation in New York this year were dealt a further blow with a lack of upfront support from the state’s governor.

January 17, 2024

UK Not Forgotten About Loot Boxes, Says Academic

An academic specialising in loot boxes has said the UK government should make it clear what rate of compliance with loot box self-regulation it will consider a failure, as fears persist that they stray too close to gambling.

January 17, 2024

US Supreme Court Hands Apple Partial Victory Against Epic Games

Epic Games, publisher of the Fortnite video game series, has condemned the “sad outcome” of its three-year fight to open up the Apple App Store to third-party payments providers.

January 17, 2024

Tether Described As Money Laundering Vehicle Of Choice In New UN Report

A new report from the UN Office on Drugs and Crime has named Tether as one of the “most popular” money laundering vehicles for criminals in East and Southeast Asia.

January 17, 2024

UK Regulator To Focus On VRP Expansion In 2024

2023 was non-stop for the UK payments regulator. In an exclusive interview, a senior official at the Payment Systems Regulator tells Vixio that variable recurring payments (VRPs) and open banking will be key in 2024.

January 17, 2024

Daily Dash: Google Signs MoU To Promote Global Expansion Of India's UPI

Google has committed to helping India’s UPI instant payments system expand its footprint overseas, while Spain’s Iberpay has reported strong growth in the use of instant transfers on its network.