Insights Archive

November 13, 2023

Daily Dash: Klarna Avoids Going To Court In 'Pay In 4' US Class Action

Klarna has avoided a class action in the US thanks to a line in its terms and conditions, Block has withdrawn a Cash App licence in Ireland, and Wise has paused new business customer onboarding.

November 13, 2023

Philippines To Probe Executive Agencies After Latest POGO Raid

The Philippine justice department is probing fellow government agencies over allegations that foreign workers at offshore-facing online gambling companies (POGOs) or service providers are securing “authentic” identification documents meant for Filipinos.

November 10, 2023

Fast Growing UK Operators To Find Themselves Under The Microscope

Mid-sized gambling operators that are growing fast should expect the eye of the UK gambling regulator to fall on them in the coming months, its CEO has warned.

November 10, 2023

Curaçao To Start Accepting Online Gambling Licence Applications

Curaçao’s Gaming Control Board will begin accepting online gambling licence applications on November 15, with the promise that applications will “seamlessly” transition from the current regime to a new gambling law planned for next year.

November 10, 2023

Daily Dash: Block To Cut 1,000 Staff By End Of 2024

US fintech giant Block has revealed plans for sustained job cuts through 2024, India has mooted Japan as the next country to link up with its instant payments system, and Hong Kong is bringing e-CNY to Octopus payments.

November 10, 2023

US Consumer Financial Protection Bureau Fines Citi $25.9m For Armenian Discrimination

The US Consumer Financial Protection Bureau (CFPB) has fined Citi $25.9m for singling out Armenian Americans based on their surnames when they applied for credit cards.

November 10, 2023

Week In Crypto: SEC Throws Down On Binance Motion To Dismiss

The Securities and Exchange Commission (SEC) insists it will see Binance in court, Congress attempts to reduce the SEC chairman’s salary to $1, and a US government bill seeks to blacklist Tether.

November 10, 2023

California Sports-Betting Ballot Initiatives Unlikely Before 2026

Proposals to put two sports-betting initiatives on the California ballot next year have been quickly dismissed by tribal gaming representatives who insist that voters are not ready to revisit the issue after overwhelmingly defeating measures last year to legalize online and retail wagering.

November 10, 2023

PointsBet Fined In Ontario For Responsible Gambling Violations

Ontario’s gaming regulator has fined a second online operator this year for failing to meet the province’s responsible gambling requirements.

November 10, 2023

News In Brief: November 6-November 10, 2023

Ohio softens its proposed promotional bonus limits, MGM secures Culinary Union contract and betting rules for U.S. college athletes refined.

November 10, 2023

Court Throws Out Tamil Nadu's Online Skill Gaming Ban, Again

The Madras High Court has blocked a Tamil Nadu government ban on online skill gaming with stakes for a second time, ruling that the state authorities “miserably” failed to demonstrate that online versions of rummy and poker are not skill games.

November 9, 2023

Spanish Fines Exceeded €70m In First Half Of 2023

Spain’s gambling regulator has fined operators more than €71m in the first half of 2023 and while big penalties were reserved for the black market, licensed companies including Codere, William Hill and Entain units have also received fines this year.

November 9, 2023

US Treasury Outlines Stricter Rules To Address Nonbank Risk

The US Treasury has finalised guidance that makes it easier for financial regulators to impose higher prudential standards on nonbank financial institutions — a move labelled as “disappointing” by one market player.

November 9, 2023

Daily Dash: Caribbean Nations Join Pan-African Payment And Settlement System

Caribbean nations have committed to strengthening intra-regional payment ties with Africa, Russia and Myanmar have moved towards an interbank agreement to bypass sanctions, and Ripple has launched a new cross-border solution in Africa.

November 9, 2023

‘Historic’ EU Instant Payments Deal Reached

The European Parliament and the Council of the European Union have reached an agreement on the instant payments regulation — including an amendment to allow payments and e-money institutions access to payment systems.

November 9, 2023

US Consumer Financial Protection Bureau Seeks Supervision Over Bigtech Digital Wallets

The US Consumer Financial Protection Bureau (CFPB) has filed a new rulemaking proposal that would subject large digital wallet operators, such as Apple and Google, to examiner oversight for the first time.

November 9, 2023

Card Issuer Settles With OFAC Over Sanctions Violations

The US Office of Foreign Assets Control (OFAC) has reached a settlement with daVinci Payments over sanctions violations.

November 9, 2023

Australian Senator Calls On Government To Be Bold, Ban Gambling Ads

An Australian senator has reiterated calls to ban gambling advertising in the country, saying that people are expecting the government to enact “bold” reforms.

November 9, 2023

Denmark Proposes To Give Regulator New Sanctions Power

Denmark’s tax ministry is circulating proposed amendments to the country’s gambling laws that would give the Danish Gambling Authority power to issue injunctions and prosecute violations of gambling law.

November 9, 2023

North Carolina Regulator Releases Second Rules Package

North Carolina’s latest round of draft regulations for mobile sports betting includes provisions that are inspired by the recent actions of other states, such as limitations on advertising on college campuses and bonus promotional language.

November 8, 2023

Germany Must Take Action Against Illegal Operators, Says Addiction Commissioner

Germany’s gambling regulator has held a meeting with the federal government's addiction and drug commissioner, Burkhard Blienert, to discuss online gambling player protection measures and regulatory challenges posed by the black market.