Insights Archive

March 10, 2023

Massachusetts Attorney General Expresses Concerns As Mobile Betting Launches

As six mobile sports-betting operators prepare to go live in Massachusetts on Friday, the state's attorney general's office is calling for regulations to be strengthened to protect consumers from potential risks of problem gambling.

March 10, 2023

Brazil Expected To Regulate Sports Betting Through Multiple Decrees

Brazil’s long-awaited provisional measure to implement a sports-betting market is expected to be followed by multiple decrees on specific areas of regulation, according to a legal expert in the country.

March 10, 2023

Belgium Gambling Ad Ban Confirmed

Belgium has published a royal decree severely restricting gambling advertising, despite the regulator’s fear that it will increase black market activity.

March 9, 2023

Railsr Bankruptcy Deal Nears As Regulatory Troubles Mount

As the once UK fintech unicorn Railsr reportedly mulls a pre-pack administration deal, market players react and question the business models of some banking-as-a-service (BaaS) providers.

March 9, 2023

Get Your Priorities Straight, FCA Tells Finance Firms Ahead Of Consumer Duty

In a new Dear CEO letter to retail finance providers, the UK Financial Conduct Authority (FCA) has urged firms to adopt "effective prioritisation" measures ahead of a key deadline. However, some buy now, pay later firms will not receive the letter for now.

March 9, 2023

BetMGM Boss Still Concerned About Potential U.S. Backlash

BetMGM’s top executive said Wednesday that the U.S. sports-betting industry remains at “significant risk” of facing a similar regulatory backlash to European jurisdictions.

March 9, 2023

Colorado Regulator Smacks Down WWE Sports-Betting Talks

Colorado’s gaming regulator has denied a report that it was “in talks” with professional wrestling giant WWE to permit wagering on the company’s events.

March 9, 2023

Kentucky Approves Sports Betting, Grey-Market Games Bills

Kentucky has moved closer to passing two significant gambling reforms after a House committee approved legislation to authorize sports wagering and the full House passed a measure to prohibit unregulated gaming devices supposedly based on skill.

March 9, 2023

UK Study Suggests 'Think' Slogan Had No Effect On Gambling Habits

A new academic study has concluded that the UK gambling industry’s safer gambling message, “Take time to think”, shows “no credible effect” on gambling behaviour.

March 9, 2023

EGBA AML Guidelines Target Lack Of Sector-Specific Rules

The European Gaming and Betting Association (EGBA) has published its first pan-European online gambling anti-money laundering (AML) guidelines, as it seeks to address previously highlighted shortcomings.

March 9, 2023

News In Brief: March 6-March 10, 2023

Veikkaus has just over 50 percent of the Finnish online market, a California cardroom bill makes progress, PAGCOR cancels its controversial audit contract and Argentina's Córdoba province moves forward with licensing finally.

March 8, 2023

Happy International Women’s Day! But More To Do As EBA Warns Representation Still Not Good Enough

Ahead of international women’s day, the European Banking Authority published new data on gender diversity. It finds that, despite improvements, there is still a big imbalance in how men and women are represented at the managerial level at financial services firms.

March 8, 2023

Impact Index February 2023

VIXIO’s impact index rose 23 points in February, a significant increase from January’s low but below the same period last year.

March 8, 2023

’A Relic Of The Past’: Payments Insiders Want Movement On Settlement Finality Directive

The UK and Switzerland have opened up access to key payment systems to non-banks, but Brussels continues to drag its heels and time is beginning to run out for the current European Commission.

March 8, 2023

White House Backs Development Of Digital ID Ecosystem

In its new cybersecurity strategy, the White House says a digital identity ecosystem could bring new opportunities for digital contracts and payment systems to the United States.

March 8, 2023

Chief Lobbying Arm For U.S. Casinos Stuck In Middle On Tribal Regulations

A top lobbyist for the American Gaming Association on Tuesday said it does not have a position on “vexing” proposed regulations that would broaden the authority of the federal government to take land into trust for tribes hoping to build casinos.

March 8, 2023

Tabcorp CEO Pivots On Regulator Reform

The chief executive of Australian wagering giant Tabcorp Holdings has softened his call for a national online sports-betting regulator, suggesting an industry-backed agreement across eight states and territories is more practical than a new federal agency.

March 8, 2023

DCMS Finally Confirms New UK Gambling Minister

The Department for Culture, Media & Sport has confirmed that MP Stuart Andrew is the new government minister overseeing UK gambling policy, as the industry continues its long wait for the Gambling Act review white paper.

March 8, 2023

Brazil Betting Integrity Association Launches As Regulation Draws Near

A group of betting and fantasy sports companies is set to launch Brazil’s first sports integrity association, in a move that comes as the government prepares to establish a regulatory regime for online betting and lawmakers prepare to probe a recent match-fixing scandal.

March 8, 2023

Gaming Industry Makes Pitch For Online Casino In New York

New York state legislators said Tuesday that in order for online casino legislation to be considered this year, it will have to be included in one of the legislature’s one-house budget proposals to be finalized this week.

March 8, 2023

Mexico's Supreme Court Rules In Favour Of 'Double Taxation'

“My first reaction when I saw the news was ‘this sets bad precedent’,” Alfredo Lazcano, gaming lawyer and founder of Lazcano Sámano, said of the Mexican Supreme Court's decision to allow for double taxation of gambling winnings last week.