Insights Archive

February 29, 2024

U.S. Commercial Operators Concerned Over New Tribal Compact Rules

New rules from the U.S. Department of the Interior recognizing the possibility of tribes offering statewide online gaming via an Indian gaming compact is concerning to commercial operators, because it limits their potential to profit from the activity, according to tribal gaming law expects.

February 29, 2024

Austrian Ministry Reportedly Prepares Online Casino Tender Under Monopoly System

Austria’s Ministry of Finance is preparing to launch a new tender for online casino licensing under current regulation, because negotiations for new gambling laws have failed, according to Die Presse newspaper.

February 29, 2024

Massachusetts Attorney General Cracks Down On Fantasy Sports Operators

Massachusetts Attorney General Andrea Joy Campbell has ordered ten fantasy sports operators to cease offering pick’em style games, and while two of the most popular daily fantasy operators did not receive such an order, they are voluntarily altering their offerings in the state.

February 28, 2024

Georgia House Considering Fantasy Sports Bill

While the Georgia House of Representatives has been slow to take up sports-betting legislation in 2024, a House committee began discussions Tuesday on legislation that would regulate fantasy sports.

February 28, 2024

Percentage Of Finnish Gamblers Declines As Problem Gambling Rate Increases

The number of gamblers in Finland has declined by 8 percent since 2019, while the percentage of at-risk or problem gamblers has increased by 1.2 percent during the same period.

February 28, 2024

Sweden Becomes First Non-Euro TIPS Member

Sweden has become the first non-euro area country to join the Eurosystem TARGET Instant Payment Settlement (TIPS) platform, allowing payment service providers to settle transactions in Swedish kronor.

February 28, 2024

UK Companies To Be Named And Shamed As FCA Commits To Enforcement Overhaul

The UK’s Financial Conduct Authority (FCA) has said that its enforcement strategy will evolve to deliver maximum impact, as the regulator commits to naming companies that it is investigating.

February 28, 2024

Daily Dash: Amex Now, Pay Later

American Express has launched a new buy now, pay later option in the UK, while Sweden’s government has set out proposals to ban credit card payments for gambling.

February 27, 2024

Massachusetts Fines Wynn $40,000 For Unpermitted Wagers

The Massachusetts Gaming Commission has fined Wynn Resorts' Encore Boston Harbor $40,000 as a result of its sportsbook accepting illegal wagers on two separate Boston College women’s basketball games last year.

February 27, 2024

Alabama Gaming Bills Face Senate Resistance

After major gaming expansion bills in Alabama quickly cleared their house of origin earlier this month, progress has slowed upon reaching the Senate, and pessimism has crept into the conversation.

February 27, 2024

Brazil Ordinance Gives Nod To Live Casino Games

Brazil’s new Prize and Betting Secretariat has published its first regulatory ordinance to govern the accreditation of independent test labs to certify betting platforms, online casino games and live dealer studios.

February 27, 2024

UK MPs From Racing Areas Rail Against Affordability

Several UK lawmakers representing constituencies with ties to the horseracing industry have called for affordability checks to be scrapped due to the risk of players going to the black market and the imposition on personal freedoms.

February 27, 2024

Georgia Clarifies Merchant Acquirer Law As Firms Submit First Applications In A Decade

Several payments and fintech firms will seek a Merchant Acquirer Limited Purpose Bank charter in the US state, as card networks change their stance on non-bank members.

February 27, 2024

Top EU Court Decision Re-Aligns Payments And E-Money Requirements

The Court of Justice of the European Union last week ruled on a case between the Bank of Lithuania and a payment institution, with the outcome being that payment institutions are able to hold customer funds much longer than previously established.

February 27, 2024

Daily Dash: EU Council Adopts Instant Payments Regulation

Member state representatives on the Council of the European Union have adopted the Instant Payments Regulation, while the European Commission has begun consulting on delegated acts for the trading bloc’s new crypto and operational resilience laws.

February 27, 2024

Maryland Operators Concerned Over iGaming Tax Rates

A Maryland House committee held a marathon hearing Monday on a bill to legalize online gaming that saw casino executives and industry lobbyists step forward to express concerns about the measure’s high tax rates.

February 26, 2024

Majority Of Connecticut Betting Revenue Coming From Problem Gamblers, Study Finds

A new study has found that Connecticut's expanding gaming industry is reliant on a relatively small minority of gamblers, with more than 50 percent of total sports-betting revenue coming from less than 2 percent of the state's population that suffer from gambling problems.

February 26, 2024

Sweden Proposes Credit Card Gambling Ban

The Swedish Ministry of Finance has proposed a more comprehensive ban on gambling with credit, including a credit card ban, drawing criticism from the Swedish Trade Association for Online Gambling (BOS).

February 26, 2024

FATF Takes UAE Off Greylist

The United Arab Emirates (UAE) has been removed from the Financial Action Task Force’s (FATF) greylist after being added in 2022.

February 26, 2024

Daily Dash: Curtains For Google Pay

Google Pay is set to be discontinued later this year, while CAB Payments chief executive has departed following its float flop in 2023.

February 26, 2024

'Strategic' Frankfurt Good For EU's New 'Powerful' AMLA

On Thursday last week, the EU selected Frankfurt as the seat for the new Anti-Money Laundering Authority (AMLA), with all signs pointing to a powerful new regulator.