News digest 09.01.2023

News digest 09.01.2023

Personalized ads on Meta will change due to a €390 million fine

Source

Meta has been fined €390 million by EU regulators after they ruled that the company has been “illegally forcing users to effectively accept personalized ads in its apps”. This ruling and its fine could see Meta forced to make significant changes to its approach to ads, restructuring the whole system to fit ethical ways of gaining permission for using personalized ads within its apps.

Amazon is working on a standalone app for sports content

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Amazon is developing a standalone app for watching sports, according to a new report from The Information. The move signals Amazon’s continued push toward investing in Prime Video and live sports content. If released, the standalone app would better highlight Amazon’s sports content, which is currently included in the company’s main Prime Video platform.

India creates a new set of rules for online gambling in the country

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The government of India has released a new set of rules for the regulation of online gambling, with a “self-regulatory” approach to the concept. The first of which says a series of self-regulatory bodies overseeing the sector and the changes to be implemented.

Instagram chief outlines new areas of focus for the app in 2023

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Instagram chief Adam Mosseri has launched, again via Instagram video post, an overview of the platform’s three key priorities for the 2023 year. The three priorities boil down to inspiring people to be creative, helping people discover things they love, and sparking connections between people.

What is the status of the push to expand iGaming in the US?

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State lawmakers are returning to their legislative sessions in the US, which means they will likely return to the question of iGaming and ongoing acceptance of the concept. At the moment, iGaming is only legal in six states in the US, but there is ongoing hope that more will follow, as the dissolving of the Professional and Amateur Sports Protection Act of 1992 sees more and more states take up sports betting.

Turkey's Central Bank says digital lira tests will continue in 2023

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Turkey's central bank said that it successfully carried out the first payment transactions on the Digital Turkish Lira Network as part of first-phase studies. The central bank will continue to run "limited, closed-circuit pilot tests" in the first quarter of 2023. It plans to expand the Digital Turkish Lira Collaboration Platform to select banks and financial technology companies as it unveils advanced phases of the pilot study.

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