Insights Archive

November 1, 2023

Nigerian Government Urges Quarrelling Regulators To Collaborate

Nigeria’s government is continuing to try and resolve challenges faced by the country’s gambling industry, as it calls on state and federal regulators to work together.

November 1, 2023

UK Watchdog Secures BNPL Contract Changes From PayPal, QVC

Key players have agreed to change their buy now, pay later (BNPL) contracts, following intervention from the UK's Financial Conduct Authority to protect consumers.

November 1, 2023

Daily Dash: Tinder Owner Settles Antitrust Lawsuit Against Google

Match Group has settled a major antitrust lawsuit against Google, the European Payments Initiative has completed its acquisition of iDEAL and Payconiq, and an Australian university has successfully tested offline CBDC payments.

November 1, 2023

Cogs Start Turning On MiCA Implementation

The EU’s flagship Markets in Crypto-Assets (MiCA) regulation is approaching enforceability next year, as industry stakeholders signal they are in preparation mode.

November 1, 2023

FCA Fires Warning Shot Over 'Common Issues' In Crypto Promotions

The UK Financial Conduct Authority (FCA) has issued a warning to crypto firms on common issues that could infringe on its new crypto-asset promotion rules.

November 1, 2023

Social Media Blamed As UK Regulator Publishes First APP Fraud Report

New statistics released by the UK payments regulator show how firms have managed fraud and reimbursements. However, the worst-performing firms have accused social media companies of not doing enough to stop scams.

November 1, 2023

Polish Bookmakers Hope New Government Will Overhaul Gambling Regime

A flawed Polish online gambling regime could be getting the revamp it desperately needs to “stop the leakage” via the expected new coalition government, local gambling executives have said.

October 31, 2023

New Colorado Fantasy Sports Rules Tighten Limits On Pick'Em Contests

The latest draft of proposed rules to govern fantasy sports in Colorado further limits companies that offer pick’em-style contests, causing an attorney representing two fantasy companies to question how the previous rules were far less restrictive.

October 31, 2023

Lawmakers Reject Gaming Compacts For Two Oklahoma Tribes

Lawmakers have sided with Oklahoma Attorney General Gentner Drummond over Republican Governor Kevin Stitt in rejecting two new tribal gaming compacts, leaving both tribes with limited options to expand their gaming enterprises.

October 31, 2023

Daily Dash: Elon Musk Wants X To Replace Bank Accounts

Elon Musk has set his sights on replacing bank accounts, the Bank of England has said stablecoin regulation is coming, and the Bank of Lithuania has fined e-money institution Demivolt.

October 31, 2023

Bulgaria Becomes Third EU Member Added To FATF Greylist

Bulgaria has been added to the Financial Action Task Force's (FATF) list of countries under increased monitoring, which could spark increased cross-border scrutiny of Bulgarian organisations.

October 31, 2023

Greece Targets Informal Economy With New Instant Payments Mandates

Greece is stepping up its fight against grey economy transactions with a new bill that will mandate the use of instant payments among freelancers, the self-employed and businesses.

October 30, 2023

California Tribes Oppose Latest Sports-Betting Initiatives

California Indian tribes are fiercely opposing two new sports-betting ballot initiatives filed with the state attorney general’s office, even though the measures would give tribes full exclusivity over retail and mobile wagering.

October 30, 2023

Virtual Gaming Worlds Pulls Sweepstakes Casino Games From Michigan

Virtual Gaming Worlds, which operates the leading sweepstakes-based casino website Chumba Casino, will exit the Michigan market after an analysis of the regulatory environment, a company spokesman confirmed.

October 30, 2023

Dutch Regulator Fines GoldWin €6.79m For Offering Unlicensed Gambling

The Netherlands Gambling Authority (KSA) has imposed a fine of €6,794,000 against Malta-based GoldWin Limited for illegally offering online gambling to Dutch consumers without a local licence, alongside a smaller fine for a formerly Malta-based company.

October 30, 2023

Greece Targets Illegal Operators As Online Market Continues To Grow

The head of the Greek gambling regulator has called on government authorities to help address the “significant” losses in revenue to illegal gambling.

October 30, 2023

UK Stakeholders Call For Regulatory Alignment On AI

The sprawling nature of the regulatory landscape for artificial intelligence (AI) is a core issue for stakeholders as they push for more international and cross-sectoral harmonisation of rules.

October 30, 2023

US Senator Calls For Terrorist Financing Decision Against Binance, Tether

A US senator has urged the Department of Justice to reach a decision on potential criminal charges against Binance and Tether for sanctions evasion and terrorist financing offences.

October 30, 2023

Singapore: Firms Should Take More Responsibility In Scams

Singapore’s regulators are developing a framework for shared responsibility in dealing with phishing scams, noting that financial institutions and telecommunication companies can do more.

October 30, 2023

Daily Dash: Credit Cards Cost Americans $130bn In 2022, Agency Says

A US regulator has warned of "persistent debt" and rising credit card expenditures, Klarna staff have threatened to strike over annual salary audits, and Taiwan has passed the first reading of a comprehensive crypto regulation.

October 30, 2023

Brazil Operators Face Early Licensing Dilemma

Operators anticipating online betting and gaming licences in Brazil have been offered a fast-tracked application process if they agree to formally register their companies’ interest within the next 30 days.