Insights Archive

April 12, 2024

U.S. Advocacy Groups Urge Government Role In Erosion Of Illegal Sports-Betting Market

The persistent strength of the offshore sports-betting market in the United States means it is incumbent upon the federal government to step up enforcement efforts, according to industry advocacy groups.

April 12, 2024

News In Brief: April 8-April 12, 2024

The Dutch regulator prepares to fine a Curaçao-based operator and Brazil may finally have a new regulatory chief.

April 12, 2024

EU Financial Institutions Invited To DORA Dress Rehearsal

The European supervisory authorities have confirmed a voluntary dry-run exercise to prepare the financial services industry for the next stage of implementation of the Digital Operational Resilience Act (DORA).

April 12, 2024

Week In Crypto: Binance Compliance Chief Denies Criminal Charges In Nigeria

A Binance executive is detained ahead of a criminal trial in Nigeria, Tether says it will avoid Europe under MiCA, and TerraUSD creator Do Kwon is found liable for securities fraud in the US.

April 12, 2024

US Privacy Act Proposed In Bipartisan Draft

Republican and Democratic lawmakers in the US have proposed a GDPR-like privacy bill that would, if passed, impose sweeping new obligations on companies handling consumer data, including payment service providers, but also simplify their regulatory requirements across state lines.

April 12, 2024

Daily Dash: Mastercard To Restructure With Focus On Three Key Business Areas

Mastercard has announced a restructuring plan that will streamline payments and data capabilities across the company, while Hong Kong has introduced an expanded version of its Anti-Scam Consumer Protection Charter.

April 12, 2024

Myanmar Military Havoc Threatens Online Gambling, Scam Operations

A Myanmar hub for online gambling and cyber scamming operations in Kayin (Karen) State has been captured by fighters with the Karen National Union and allied pro-democracy forces, threatening a swathe of criminal ventures along the region’s border with Thailand.

April 11, 2024

Spain's Supreme Court Strikes Down Large Sections Of Advertising Ban

In a landmark ruling, Spain’s Supreme Court has found several articles of Royal Decree 958/2020, which implemented a near total ban on gambling advertisements, to be unlawful.

April 11, 2024

Romania Targets More Restrictions After 'Victory' Against Gambling Industry

Romanian lawmakers have declared “victory” against the gambling industry after a law to approve a restrictive emergency ordinance, including prohibiting B2B suppliers from providing games to unlicensed operators and a ban on slot machine halls in towns with fewer than 15,000 people, was adopted on April 9.

April 11, 2024

Hong Kong Taxi Payments Go Digital Following Unique Regulatory Approval

In Hong Kong’s increasingly cashless payments landscape, taxis are a rare case of cash still being king. But that could be set to change following a first-of-its-kind regulatory approval.

April 11, 2024

Dutch Regulator Issues Warning Over BNPL Misuse

Hundreds of thousands of buy now, pay later (BNPL) transactions could have been carried out by children, while younger adults risk falling behind on payment terms, according to the Dutch Authority for Financial Markets.

April 11, 2024

Daily Dash: CHIPS Network Successfully Migrates To ISO 20022

The largest US dollar clearing and settlement system for international payments has gone live with ISO 20022, while Spain has opened a new consultation on digitalisation of the financial sector.

April 11, 2024

Brazil Releases Revised Regulatory Timeline

Brazil’s government has committed to a new implementation timeline for online betting that will see a licensing decree published as soon as this month, but critical policy questions on online casino games and other areas potentially unanswered until the middle of the year.

April 11, 2024

NBA Commissioner Hints At Potential Sports-Betting Rule Changes

National Basketball Association (NBA) commissioner Adam Silver said Wednesday that the league and its partners may have to revisit their rules governing sports betting amid increased scrutiny and more reported incidents of player harassment.

April 10, 2024

Alabama Gaming Bills Set For Conference Committee

Gaming legislation in Alabama is set to head to what could be a contentious conference committee after vastly different bills were approved by the state’s two legislative chambers.

April 10, 2024

Virginia Governor Proposes Stricter Regulations On Skill-Game Industry

Republican Governor Glenn Youngkin has amended a bill that regulates and taxes skill games in Virginia, adding stricter regulations than the measure the General Assembly approved prior to adjourning last month.

April 10, 2024

German Court Set To Rule On Betting Reimbursements

Germany’s Federal Court of Justice is preparing to rule on a case of a gambler seeking a refund for losing sports bets made before legalisation, and its press release suggests it may plan to favour the player.

April 10, 2024

Brazil's Executive Held 78 Meetings About Sports Betting

Brazilian transparency non-profit Fiquem Sabendo has released data on the meetings held over the past two years with the government regarding online gambling.

April 10, 2024

Dutch Banks Reject Call To Help Gambling Firms

Dutch banks have said it is not their job to protect gambling consumers, amid calls for them to do more on responsible gambling and the black market.

April 10, 2024

Ireland Postpones Discussion On Gambling Regulation Bill

Discussions on Ireland's Gambling Regulation Bill have been delayed as the Dáil Éireann, the country’s legislative lower house, selected a new Taoiseach on Monday.

April 10, 2024

Alipay+ Makes Inroads In Japan With 2m Merchants Connected

Ant Financial says it has connected 2m merchants in Japan to the Alipay+ network, as the service continues to expand despite the country’s largely cash-based economy.