Insights Archive

February 21, 2024

Amid Record U.S. Gaming Revenues, AGA Remains Focused On Unregulated Competition

The American Gaming Association reported commercial casino revenues topping $66m in 2023, a record amount for the third straight year, while policy priorities for this year are to lead on responsible gambling and to fight illegal gaming.

February 21, 2024

Banks Can Play 'Crucial Role' In Tackling Gambling Harms, Says Report

Banks can play a “crucial” role in tackling gambling-related harms and the UK's Financial Conduct Authority should consider issuing guidance on the issue, according to a new research report from Queen Mary University of London.

February 21, 2024

African Payments Leaders Seek Regulatory Support For Regional Trade

Mobile money services are revolutionising the payments sector in Africa, but a complex regulatory environment complicates cross-border transactions, impeding regional trade and financial flows.

February 21, 2024

Capital One To Acquire Discover For $35bn, But Will Regulators Approve?

US bank and card issuer Capital One has announced plans to acquire Discover Financial Services, in a bid to compete with rival issuers and larger card networks.

February 21, 2024

Daily Dash: Revolut Becomes First UK FI To Offer Downloadable SIM Cards

Revolut has launched a new eSIM that allows customers to purchase global data packages covering more than 100 countries, and regulators in Hong Kong have issued new guidance on crypto custody.

February 21, 2024

Japan Authorities Make Landmark Online Gambling Arrests

An American national and six locals have been arrested in Japan over the alleged operation of a mahjong gambling website generating millions of dollars in revenue, reportedly the nation’s first arrests involving domestic online gambling operators.

February 20, 2024

Brazil Timeline In Doubt After Official's Exit

Less than two weeks after announcing concrete steps to open the Brazilian market at ICE, the country’s would-be chief gambling regulator is no longer working for the government.

February 20, 2024

Massachusetts Considers Modifications To Data Privacy Regulations

As a first set of waivers to give sports-betting operators more time to come into compliance with data privacy rules are set to expire in June, the Massachusetts Gaming Commission is considering some modifications to the regulations.

February 20, 2024

Betsson To Gain Dutch Licence By Acquiring Holland Gaming

Betsson said it has acquired Holland Gaming Technology, an online gambling operator, and Holland Power Gaming, a game studio which develops games for Holland Gaming.

February 20, 2024

Experts Split On Who Will Win AMLAvision As The Grand Finale Nears

Will Frankfurt or Paris seize the day? Will politicians settle for a compromise to win, such as Vienna? Deliberations over the EU’s new financial crime watchdog, which will oversee anti-money laundering rules for payments, e-money, and crypto institutions, have split experts.

February 20, 2024

Which Amendments Have Been Submitted For The EU Open Finance Framework?

Members of the European Parliament have shared their views on how the Financial Data Access regulatory framework could be improved ahead of a vote on February 22.

February 20, 2024

India's Neighbours Welcome New Connections To UPI, RuPay

The Reserve Bank of India has announced a trio of new partnerships that will bring instant payments linkages to three of its neighbours: Sri Lanka, Mauritius and Nepal.

February 20, 2024

Daily Dash: European Commission Opens Infringement Proceedings Against TikTok

The European Commission is considering whether TikTok has violated the Digital Services Act by failing to protect minors, while the UAE and Gibraltar are hoping to be removed from the greylist during FATF Week.

February 20, 2024

Victoria Regulator Expels Slots Licensee Over Two Breaches

The Victoria state gambling regulator has again raised the bar for aggressive penalties against industry non-compliance, apparently prompting a hotel owner to sell its business over falsified records and abuse of customer identification.

February 20, 2024

New Federal Rules Herald Online Era Of Tribal Gaming Compacts

The U.S. Department of the Interior has approved new regulations for tribal gaming compacts that expressly recognize the possibility of tribes offering state-wide online gaming without having to obtain a state license.

February 19, 2024

DraftKings To Remain Disciplined On M&A After Jackpocket Purchase

DraftKings CEO Jason Robins stressed the $750m acquisition of Jackpocket was a strategic move to help the company win the U.S. online gaming market but should not be seen as the start of a rash of deals.

February 19, 2024

Nigeria To Evaluate Impact Of Sports Betting, Not Ban It

Nigeria will assess the impact of sports betting after a motion was passed on Thursday calling on the federal gambling regulator to comply with existing regulations.

February 19, 2024

Daily Dash: GoFundMe Shuts Down Tornado Cash Legal Defence Fund

GoFundMe has shut down a fundraiser for the indicted founders of Tornado Cash, and Revolut has launched a new AI feature that aims to prevent fraudulent card payments.

February 19, 2024

Circle, Coinbase Call For Terrorist Financing Charges Against Tether

Representatives of Circle and Coinbase have called for US regulators to take action against Tether, as the stablecoin’s links to terrorist groups come under scrutiny in Congress.

February 19, 2024

US FTC Proposes Extending Ban On Impersonation Scams

The US Federal Trade Commission (FTC) is seeking input on a proposal to extend the protections of a new rule prohibiting the impersonation of government and businesses to also apply to individuals.

February 19, 2024

BaaS, Embedded Finance, AI Are Top Priorities For FIs In 2024, Finastra Survey Finds

Despite economic headwinds in 2024, a Finastra survey has found that financial institutions will prioritise investments in banking-as-a-service (BaaS), embedded finance, artificial intelligence (AI) and other technologies with payments use cases.