Insights Archive

October 10, 2023

Crypto Companies Win Partial Victory Over Dutch Central Bank

Crypto-asset firms, including Binance successors Coinmerce and Bitvavo, have claimed a partial legal victory in their battle against the $2.3m fees imposed by Dutch regulators.

October 10, 2023

FCA Issues 146 Warnings Over New Crypto Promotion Rules

The UK Financial Conduct Authority (FCA) has revealed that it has issued warnings to 146 firms within the first 24 hours of its new crypto-asset promotion rules going live.

October 10, 2023

U.S. Gambling Regulators Evaluate Data Protection, Cybersecurity Challenges

State gambling regulators have stressed that they are focused on protecting consumers from cyber threats following recent cyberattacks that impacted an undetermined number of customers of MGM Resorts and Caesars Entertainment.

October 10, 2023

Ontario Ended iGaming Grey Market But Challenges Remain

The open, competitive internet gaming market in Ontario is about 18 months old and even with lingering concerns about advertising practices and regulations, gaming executives and provincial regulators believe it is a model other Canadian provinces can take a look at when designing their own markets.

October 9, 2023

Distributed Gaming Next Frontier For Pennsylvania Industry

Although Pennsylvania has spent the last two decades growing into the second largest U.S. gaming market in terms of revenue, a Senate committee has begun to consider further potential updates to the state’s gaming law.

October 9, 2023

Daily Dash: BNPL Sponsorship Sparks Criticism For Labour

The UK Labour Party has been chastised after a buy now, pay later (BNPL) firm sponsored a party conference event, NatWest has started offering transaction categorisation, and Metro Bank is reportedly in trouble after its shares plunged.

October 9, 2023

FCA Halts Activity At E-Money Issuer

E-money issuer Nvayo has said it is working with the UK regulator to resolve concerns, as it carries out severely restricted activity.

October 9, 2023

FCA’s ‘Tough’ New Crypto Promotion Rules Go Live

After much guidance and complaints of “poor engagement” from the regulator, the UK’s “tough” new crypto-asset promotion rules officially came into effect on Sunday (October 8).

October 9, 2023

Nigeria’s Federal Regulator At Odds Again With Lagos Regulator

Nigeria’s federal gambling regulator has sought to clarify the status of a number of operators it licenses, after a notice from a state regulator claiming they were “illegal and unlicensed” caused widespread confusion.

October 9, 2023

Delhi Finance Minister Slams GST Council, Tax Office Over Online Policy

India’s GST Council on Saturday (October 7) affirmed an industry-threatening goods and services tax (GST) regime for all real-money gaming, triggering an attack on the “unstable, erratic tax environment” by the capital city’s finance minister, who demanded the retraction of tax notices sent to online operators.

October 9, 2023

Nevada Regulator Urges Caution Over Portable Licensing In Gaming

A new member of the Nevada Gaming Commission is urging the Nevada Gaming Control Board to forbid so-called portable licensing, which allows gaming executives and other employees to move from one casino to another, even if they are bad actors who are not doing a good job.

October 6, 2023

News In Brief: October 2-October 6, 2023

UK health guidance suggests asking about gambling habits, Caliplay launches legal proceedings in Mexico City against its partner Playtech and Authentic Gaming live dealer games approved in Michigan.

October 6, 2023

MGM Says Cyberattack Will Cost $100m

MGM Resorts International said the recent cyberattack that crippled its casino's systems in eight states will reduce its profits by $100m but will not have a material effect on its financial condition and results of operations for the year.

October 6, 2023

U.S. Leagues Look To Integrate Gaming Into Broadcasts

Genius Sports has begun rolling out a product it touts as a new low-latency solution to live betting on National Football League (NFL) games, as U.S. sports leagues continue to look for new ways to add gambling elements to game broadcasts.

October 6, 2023

Myanmar Online Gaming Kingpin Arrested During China Trade Visit

Chinese police have reportedly arrested Liu Zhengxiang, a powerful online gambling mogul based in a Myanmar border zone in Shan state while attending a trade fair in China.

October 6, 2023

Brazil Online Gambling Bill Begins Senate Scrutiny

The sports committee in Brazil’s Senate has received almost 50 proposed amendments to the sports betting and online gaming bill approved by the lower house of Congress last month, with the suggested changes ranging from eliminating casino games to extending the term of licences from three to five years.

October 6, 2023

Irish Study Highlights True Extent Of Problem Gambling

The problem gambling rate in Ireland is "far higher" than previously estimated, according to a new study that will form part of the Gambling Regulatory Authority of Ireland’s growing “invaluable” evidence base.

October 6, 2023

Daily Dash: UK Competition Watchdog Begins Cloud Probe

The UK’s competition regulator has launched an investigation into cloud services, while Wordline has agreed to purchase the merchant acquiring services of Italian lender Banca del Fucino.

October 6, 2023

Canadian Fintechs Launch Open Banking Campaign To Spark Government Action

Fintech firms in Canada have launched a new campaign to raise awareness of the concept of open banking and to urge the government to move forward.

October 6, 2023

Week In Crypto: US Indicts Chinese Firms For Drug Trafficking Using Tether

The US reveals a major sting of suspected Chinese drug traffickers who take payments in crypto, Ripple swerves an appeal from the US Securities and Exchange Commission, and Circle throws Binance a lifeline in court.

October 5, 2023

NCAA To Lobby States For Sports-Betting Reforms

The National Collegiate Athletic Association (NCAA) plans to lobby for reforms to sports-betting legislation in various states across the U.S.