Insights Archive

May 12, 2023

Fifth Birthday Of Historic U.S. Supreme Court Decision On Sports Betting

It seems appropriate for Mother’s Day to fall this year on the same day as the fifth anniversary of the United States Supreme Court decision which gave birth to what has quickly become the world’s largest sports-betting market.

May 12, 2023

Malta Defends Foreign Judgment Bill

Malta’s government ministry responsible for a bill that aims to prohibit foreign judgments from being enforced against gambling providers licensed in the country has defended its plans.

May 12, 2023

Brazil Betting Decree To Map Out Enforcement Powers, Restrict State Lotteries

Under the cloud of an escalating match-fixing scandal, Brazil’s government is set to finally publish implementing legislation to establish a regulatory regime for sports betting that will be reinforced by payments and website blocking of unlicensed sites.

May 12, 2023

Karnataka High Court Blocks 'Gambling' GST For Online Skill Gaming

Industry heavyweights are jubilant after the high court in India’s Karnataka state rejected a goods and services tax (GST) gambling classification for online companies offering skill gaming with stakes, annulling Gameskraft Technology's liability for $2.6bn in unpaid GST.

May 12, 2023

Daily Dash: Revolut’s Drama Era Continues

Revolut’s chief financial officer has quit, the EU’s artificial intelligence act has passed committee stage in the European Parliament and Singapore’s DBS Bank has been served a capital requirement order following another major outage.

May 12, 2023

Week In Crypto: Another Exchange Files For Bankruptcy Following SEC Lawsuit

A major crypto exchange files for bankruptcy in the US, an Irish central banker vows to protect the public from crypto “Ponzi schemes” and Argentina bans all crypto services.

May 12, 2023

Green Shoots As UK Payments Fraud Starts To Fall

UK Finance’s annual fraud report finds that overall fraud shrank by 8 percent in 2022 as the end of the pandemic reshaped the fraud landscape, again.

May 12, 2023

Lithuania Fines Two More E-Money Firms

The Baltic country’s increasingly strict oversight of the payments industry has continued with more firms being publicly censured by the regulator.

May 11, 2023

News In Brief: May 8-May 12, 2023

A Denmark gambling harm research group has revealed the donations it received from the local industry and Kyrgyzstan issues its first casino licence after un-banning the sector.

May 11, 2023

U.S. iGaming Advocates Eyeing Illinois For 2023 Breakthrough

Leading U.S. operators are now looking to Illinois to get iGaming expansion on the board for 2023, as budget surpluses and lingering cannibalization concerns continue to stifle legislative efforts in other states.

May 11, 2023

Malta Wants To Ban Foreign Judgments Against Gambling Firms

The Maltese government wants to prohibit foreign judgments, including those from within the European Union, from being enforced against gambling providers licensed in Malta.

May 11, 2023

Fanatics Gaming Boss Talks Sports-Betting Strategy

One of the biggest sources of intrigue in the U.S. sports-betting industry for 2023 is the emergence of a new well-capitalized competitor in the form of sports merchandise giant Fanatics, whose top gaming executive spoke Wednesday about the company’s forthcoming launch in several states.

May 11, 2023

No Exclusivity, No Sports Betting, Tribes Warn Minnesota Lawmakers

With less than two weeks left before the Minnesota legislature adjourns its 2023 session, supporters of sports betting are running out of time to garner enough support from the state’s two racetracks and skeptical senators to get a bill through both chambers and onto the governor’s desk.

May 11, 2023

Brazil Betting Operators Announce Advertising Code

An association of Brazil-facing operators has announced a new self-regulatory code for betting advertising, including a ban on any televised ads until after 9pm.

May 11, 2023

Capital One Accuses Walmart Of Scrapping Credit Card Deal To Fly Solo

The US retail giant is seeking to end a deal with Capital One citing bad customer service on the bank’s side, but Capital One argues the real motive is linked to Walmart’s strategy to build its own financial super app.

May 11, 2023

Latest EU Sanction Proposals Target Third-Country Circumvention

The European Commission marked Europe Day with a visit to Kyiv and an 11th package of sanctions against Russia.

May 11, 2023

Singapore Proposes Broad Reform Of Payments Regulation

The Monetary Authority of Singapore has proposed new amendments to the Payment Services Regulations 2019 in a bid to streamline the country’s rules for payment firms.

May 10, 2023

Nevada Casino Operators Seek Middle East Expansion

Some of the largest U.S. gaming companies are investing in the United Arab Emirates as part of a long-term strategy for international growth, with Wynn Resorts expecting healthy returns from the planned $3.9bn integrated resort it will manage in the country.

May 10, 2023

Uganda Approves Gambling Tax Hike

Uganda’s parliament has approved plans to increase the gambling tax rate from 20 to 30 percent after assuring that sports betting will remain taxed at 20 percent.

May 10, 2023

Brazil's Football Clubs Dealt Bad Hand On Match-Fixing, Revenue Shares

Brazilian football clubs are not getting what they bargained for on sports betting amidst a tense climate, as Congress prepares to launch an investigation into match-fixing allegations.

May 10, 2023

Vermont Sports-Betting Vote Caps Historic Five-Year U.S. Gaming Expansion

Just days before the fifth anniversary of the landmark court decision that opened the door for a sports-betting boom in the U.S, Vermont legislators have put their state a governor’s signature away from becoming the 38th U.S. state to allow betting.