Insights Archive

March 11, 2024

MEP Raises Concerns About UK GDPR Replacement Ahead Of Adequacy Review

Dutch lawmaker Paul Tang has asked the European Commission for its views on the UK’s Data Protection and Digital Information Bill, with the UK’s adequacy up for scrutiny in 2025.

March 11, 2024

NSW Regulator Laments Bookmaker 'Resistance'

The New South Wales (NSW) state gambling regulator is pushing for a shift by betting companies from strict legal compliance to harm prevention, citing and attacking strategic “resistance” from “certain operators” that are likely to face tougher measures later this year.

March 8, 2024

Week In Crypto: Nigerian Parliament Calls For Arrest Of Binance CEO

A Nigerian parliamentary committee has recommended that an arrest warrant be issued for Binance CEO Richard Teng on charges of tax evasion, money laundering and terrorist financing.

March 8, 2024

CFPB Limits Credit Card Late Payment Fees

The US Consumer Financial Protection Bureau (CFPB) has finalised a rule to reduce excessive credit card late fees charged by large card issuers.

March 8, 2024

Daily Dash: BRICS Countries To Launch ‘Politics-Free’ Blockchain-Based Payment System

The BRICS countries are planning an independent, international payment system to reduce dependency on the US dollar, and Ireland has opened a key consultation on changes to its Consumer Protection Code.

March 8, 2024

Outgoing New Jersey Regulator Advocates For Wider Online Expansion

In his first public comments since retiring last week, outgoing New Jersey Division of Gaming Enforcement director David Rebuck advocated for further legalization of online casinos and criticized other forms of gaming as being underregulated.

March 8, 2024

News In Brief: March 4-March 8, 2024

U.S. Supreme Court extends the Department of Interior's deadline response in a case seeking to end mobile sports betting in Florida, while a Hawaii lawmaker pushes for a comprehensive analysis of the potential legalisation of online sports betting.

March 8, 2024

Regulator Warns Of Unregulated Machine Impact On Pennsylvania Gaming Industry

The executive director of the Pennsylvania Gaming Control Board believes the proliferation of skill-game machines within the state has negatively impacted the state’s land-based casino industry.

March 8, 2024

Entain’s Weak Performance Blamed On Focusing Too Much On BetMGM

Entain was distracted by focus on its fast-growing U.S. joint venture, BetMGM, at the expense of other key markets, its interim chief executive has said.

March 7, 2024

Study Says More Betting Products Means Less Illegal Gambling

Restricting the availability of sports-betting products significantly increases the number of bettors who gamble on the black market, a new study sponsored by the International Betting Integrity Association has said.

March 7, 2024

Which? Singles Out Revolut In New Warning On Account Takeover Fraud

UK consumer watchdog Which? has issued a new warning on account takeover fraud at Revolut, based on the experience of two customers whose accounts were drained by scammers.

March 7, 2024

India’s Central Bank To Enable Internet Banking Interoperability

The Reserve Bank of India (RBI) expects to launch an interoperable payment system for internet banking by the end of the year, enabling faster settlements for merchants.

March 7, 2024

Crypto Industry Calls For More Clarity With Travel Rule Guidelines

Crypto industry representatives have cautioned that guidelines for compliance with the EU’s Transfer of Funds Regulation need further clarification, in their response to the European Banking Authority’s consultation.

March 7, 2024

Daily Dash: Volt Secures UK E-Money Institution Licence From FCA

Volt has added a new UK licence to its existing permissions in Poland and Australia, and Singapore has launched an investigation into Samlit Moneychanger, suspecting it of operating a fraudulent remittance business.

March 7, 2024

U.S. Regulators Support Ban On College Player-Specific Prop Bets

Maryland has become the latest state to ban player-specific prop bets involving college games, a move that regulators in various states believe is necessary to protect college athletes from threats and social media harassment.

March 7, 2024

Australia Launches AML Enforcement Probe Into bet365

Australian financial intelligence agency and anti-money laundering (AML) enforcer AUSTRAC has launched an “enforcement investigation” into the Australian arm of bet365 after reviewing an external audit into the British online gambling giant.

March 7, 2024

Questions Linger Over Sweepstakes Casino Regulatory Backlash

After regulators throughout the U.S. cracked down on pick'em-style fantasy sports due to their similarities to sports betting offerings, many have wondered if sweepstakes-based online casino games could face similar scrutiny in 2024 and beyond.

March 6, 2024

U.S. Online Operators Dealing With Increased Fraud

Online gambling in its various forms has exploded in popularity in the U.S. since the coronavirus pandemic, but lawyers and regulators warn that along with that growth has come an increase in criminal and fraudulent activity.

March 6, 2024

Group Calls For Charity Commission Probe Of UK's GambleAware

The Good Law Project, a non-profit-group, has filed a complaint with the Charity Commission claiming UK industry-funded GambleAware is “propping up an industry that preys on the public”.

March 6, 2024

Brazil Leads The World In Suspicious Betting Events

Brazil had the ignominious honour of having the most cases of suspicious matches in the world in 2023, according to data collected by Sportradar Integrity Services.

March 6, 2024

EGBA Says EU Digital ID Will Provide Players Security

The European Betting and Gaming Association (EGBA) has welcomed the European Parliament’s approval of a new EU digital identity, predicting it will provide players with a secure, trustworthy and singular option to confirm their identity in the EU.