Insights Archive

April 25, 2023

UK Commission Warns Of 'Unrelenting' Enforcement Ahead Of White Paper

Key UK industry stakeholders are still unaware of the exact contents or release date of the long-awaited Gambling Act Review white paper, but the gambling regulator says it is continuing to take action despite repeated delays.

April 25, 2023

Brazilian Football Clubs Issue Tax Ultimatum

Some of Brazil’s biggest football clubs are threatening to pull their logos from sports-betting platforms if they do not receive a larger share of betting revenue once a regulatory regime is brought into full effect.

April 25, 2023

Iowa Gaming Regulators Issue $82,000 In Fines

Iowa gaming regulators have issued several financial penalties for companies that violated a myriad of sports-betting rules, including self-exclusion failures and accepting prohibited bets.

April 25, 2023

New Jersey Warned Of 30 Percent Revenue Loss From New York City Casinos

Jim Allen, the chief executive of Hard Rock International and Seminole Gaming, believes three possible new integrated resorts in downstate New York could cost the Atlantic City gaming market 20 to 30 percent of its annual revenue.

April 24, 2023

Dutch Regulator ’Expects More’ Risk Control From Payments Firms

A senior official at De Nederlandsche Bank (DNB) highlights the third-party risks facing the payments industry. Meanwhile, Italy’s deputy central bank governor says PSD3 needs to fix regulatory harmonisation to truly unleash the market's disruptive potential.

April 24, 2023

Crypto Firms Brace For Impact As SEC Seeks To Redefine ’Exchange’

The Securities and Exchange Commission (SEC) has re-opened a consultation on a proposal that would amend the definition of an "exchange" under US law. Meanwhile, the battle for regulatory jurisdiction over Ethereum continues.

April 24, 2023

’A Real Shame’ - P27 Future In Doubt After Swedish Licence Application Pullout

The pan-Nordic payments wannabe P27 has decided to withdraw its clearing licence application from Sweden’s Finansinspektionen, blaming a changing market — a decision that could perhaps signal the end of the ambitious project.

April 24, 2023

U.S. Regulators, Gaming Industry Struggle To Eliminate Grey-Market Machines

Grey-market gaming machines continue their expansion across the country, leaving regulators and executives concerned the machines not only threaten the legal industry but also are a serious threat to gaming policy in their respective states.

April 24, 2023

Brazil Senate President Says Gaming Expansion Will Be Addressed This Summer

Brazil Senate President Rodrigo Pacheco confirmed on Friday that the legalisation of sports betting and other forms of gambling are part of the government's revenue calculations for its imminent fiscal plan.

April 24, 2023

Sports Leagues Lose Lobbying Battle Over Tennessee Official Data

Tennessee’s General Assembly has passed legislation to refine the state’s 2019 sports wagering law, after an amendment to retain a first-of-its-kind official league data mandate was rejected.

April 21, 2023

Week In Crypto: Coinbase Considers Move To UK As New SEC Rules Beckon

Coinbase CEO Brian Armstrong charms the Brits on transatlantic tour, Tether comes under fire in a debate on a draft stablecoin bill and US lawmakers clash on whether crypto was to blame for recent bank failures.

April 21, 2023

European Parliament Gives Green Light To Key Crypto Legislation

The EU’s first comprehensive legal framework for crypto-assets has been passed by a super majority in the European Parliament with no further obstacles expected.

April 21, 2023

Major Data Breach At CFPB Puts 250,000 US Consumers At Risk

A former employee of the Consumer Financial Protection Bureau (CFPB) has made an unauthorised data transfer affecting more than 250,000 consumers and 50 financial institutions in what the agency described as a “major incident”.

April 21, 2023

Daily Dash: UK Lawmakers Call For Regulatory Evolution

Backbench Conservatives have called for more accountability from UK regulators, pan-Nordic payments initiative P27 withdraws its clearing licence application in Sweden and New York’s attorney general has issued a new data security guide.

April 21, 2023

Ontario Regulator Fines Three Operators Over Uncertified Online Slot Games

Ontario’s gaming regulator issued sanctions against three online casino operators on Thursday for offering uncertified virtual slot games on their platforms.

April 21, 2023

Macau Junket Mogul Levo Chan Jailed For 14 Years

A Macau court has jailed former Tak Chun junket supremo Levo Chan for 14 years over illegal gambling, fraud, money laundering and organised crime activity.

April 21, 2023

New Jersey Issues New Standards For Online Gambling Advertising

New Jersey’s Division of Gaming Enforcement has published new best practices for sports betting and gaming advertising, the fourth in a series of new guidelines to address emerging regulatory risks associated with online gambling.

April 21, 2023

Maltese Operator In Finnish Police Board Crosshairs

Finland’s National Police Board is investigating a Malta-licensed operator’s “large-scale” marketing to consumers in mainland Finland.

April 21, 2023

News In Brief: April 17-April 21, 2023

Nevada regulators remove and update outdated gambling regulations.

April 20, 2023

NCR Outage Hits Global Restaurant Chains Following Ransomware Attack

Restaurant owners who use the NCR Aloha point of sale system are currently experiencing "limited functionality" following a ransomware attack on an NCR data centre.

April 20, 2023

Google Would Ease In-App Payment Rules Following UK Probe

Google said it would give app developers the choice to decide which billing system and in-app payments processor they want to use in exchange for closing a UK antitrust investigation.