News digest 14.11.2022
NFT rules will be introduced by Malta Gaming Authority
The Malta Gaming Authority is proposing a new policy on the concept of Innovative Technology Arrangements (ITAs) and the acceptance of virtual financial assets (VFAs) and virtual tokens, NFTs. Running from November 14th, the global regulator is running a closed consultation that will address the idea of regulating NFTs.
US midterms result in rejection of California sports betting proposals
The US midterms have wrapped up a setback for sports betting. The two votes in California were both to legalize sports betting in the state but with different measures: Proposition 26 would have legalized sports betting on tribal land and horse racing with a 10% tax for the state gained from profits. Proposition 27 would have legalized online sports betting and would charge operators a $100m fee for a five-year license plus a $10m renewal fee.
App trends: Users are spending 16% more on dating apps
A new report from mobile experts data.ai reveals that consumer spending in dating apps reached $17.8 million during H1 2022 compared to the same period the previous year. That’s a 16% increase in spending.
World Cup gambling ads will be cut in France
The French gambling regulator, l’Autorité Nationale des Jeux (ANJ), has confirmed that a host of the country’s gambling operators and advertising companies have pledged to cut the number of ads shown during the World Cup in the country. All involved parties have reportedly signed four charters, committing to reducing the number of broadcasted advertisements from four to three per advertising break.
The US removes Vietnam from the currency monitoring list
The U.S. Treasury Department remained satisfied with the progress made by the Asian country in addressing U.S. concerns about its currency practices, it said in a semi-annual report Thursday. India, Italy, Mexico, and Thailand were also removed from the list, Reuters quoted the Treasury as saying.
New fintech app launches to help people avoid spiraling costs of subscriptions and recurring payments
Fintech Little Birdie has launched its new app to support people across the UK who are now questioning the subscription services they signed up for during the pandemic, with fears these could push them into debt as households struggle with soaring costs.