News digest 27.02.2023
Brazilian match-fixing issue might lead to betting regulation
Brazil’s Ministry of Justice is expected to put a proposal to the Brazilian government to regulate sports betting, as it has evolved into a widespread issue in the country. The move could lead to more regulation in the country around sports betting.
Mastercard and Obopay collaborate to launch a unique prepaid card to power financial inclusion in rural communities
Mastercard and Obopay announced their collaboration to launch a financial inclusion card for smallholder farmers and rural communities. Powered by Mastercard’s Community Pass digital infrastructure, the prepaid card will allow farmers to receive the sale proceeds for their crop digitally, spend their earnings to make purchases even in remote locations that have poor or no connectivity, and build a transaction history based on their income and expenditure to access customized credit options.
Amazon’s Cloud Unit partners with Startup Hugging Face as AI deals heat up
Amazon Web Services will offer the startup’s products to its customers and run its next large language tool. Amazon.com Inc.’s cloud unit is expanding a partnership with artificial intelligence startup Hugging Face Inc., which is developing a ChatGPT rival, the latest move as the biggest technology firms line up allies in an attention-getting market for generative AI systems.
Binance partners with Ingenico to ease crypto payments in France
Cryptocurrency exchange Binance has partnered with French payments giant Ingenico to allow in-store payments in France and improve global crypto adoption. The initial test of this new partnership is only available on Ingenico Axium payment terminals in France and accepts over 50 cryptocurrencies. The pilot is going live with two merchants in France, Le Carlie, and Miss Opéra.
TikTok influencers will benefit from the new “Creativity Program” for more revenue
TikTok is launching a “Creativity Program”, with selected creators testing its beta feature. It is to be released alongside the much-criticized Creator Fund, which has been known to be lacking and considered unfair.
Court defeat forces Sweden to rethink license requirements
Following judgment on a case in December, the gambling authority in Sweden, Spelinspektionen, has decided to rethink its licensing requirements for the iGaming industry in the nation. The gambling body in Sweden revoked its legal position on the importance of negative equity in license reviews due to its defeat in a case brought forward by Avento.