Insights Archive

February 15, 2024

Lithuania Proposal Would Ban Gambling Advertising

More than 40 MPs have submitted a draft law to ban gambling advertising in Lithuania, just days after fellow Baltic nation Estonia's government was warned of the unintended consequences that an advertising ban would have.

February 15, 2024

ECON Committee Gives Green Light To PSD3/PSR

Lawmakers on the Economic and Monetary Affairs committee celebrated Valentines’ Day by voting through both the Payment Services Directive and Payment Services Regulation (PSD3/PSR).

February 15, 2024

MEPs Acknowledge European Parliament 'Struggles' With Digital Euro In Testy ECB Hearing

Members of the European Parliament (MEPs) had another awkward exchange with the European Central Bank (ECB), as factions try to come to an agreement on their position on the digital euro.

February 15, 2024

Australia: Scam Losses Down Almost 30 Percent Since Launch Of New Agency

Australia’s treasurer has applauded the early progress made by a new agency in reducing losses to scams, as a key consultation on scam reimbursement comes to an end.

February 15, 2024

Daily Dash: Philippines Wholesale CBDC To Launch Within Two Years, Says Central Bank Governor

The Philippines central bank has confirmed that a wholesale CBDC launch is expected by 2026, and FIS has announced a new partnership that aims to increase open banking payments in the US.

February 15, 2024

Top Manila Integrated Resort Investor Probed In Hong Kong

Hong Kong’s Securities and Futures Commission is probing Andrew Lo, the lead investor in Manila’s next major integrated resort, over his company’s divestment of the Tigre de Cristal hotel-casino, an attempted sale that triggered mass board resignations and trading suspensions.

February 15, 2024

Alabama Gaming Package Heads To House Floor

Legislation that would transform the gaming market in Alabama could receive a vote on the floor of the House of Representatives as early as Thursday after clearing a House committee.

February 14, 2024

Peru Opens Landmark Licensing Window

Tuesday (February 13) marked the first day that operators offering online casino games and sports betting could apply for a licence in Peru.

February 14, 2024

Norwegian Regulator Orders Marketer To Stop Targeting Norway

The Norwegian Gambling Authority has ordered a Cyprus-based marketing firm that it says uses Norwegian social media influencers to stop marketing gambling in Norway.

February 14, 2024

Air Travel Industry Rallies Against EU Cash Proposals

The International Air Transport Association has called on policymakers to be flexible in their development of the regulation on the legal tender of euro banknotes and coins.

February 14, 2024

European Commission Planning IBAN Discrimination Crackdown

Mairead McGuinness, the European commissioner for financial services, has told a conference that her department is set to look into IBAN discrimination, “which really shouldn’t be happening”.

February 14, 2024

US Consumer Fraud Losses Hit Record $10bn In 2023

Reported consumer losses to fraudulent activity in the US exceeded $10bn for the first time, representing a 14 percent increase over 2022, according to Federal Trade Commission data.

February 14, 2024

Daily Dash: UK Government Further Embraces Open Banking With New Moneyhub Contract

The Crown Commercial Service has selected Moneyhub to bring open banking payments to the public sector, and PayPal has begun processing crypto distributions to Celsius creditors based in the US.

February 14, 2024

Dutch Parliament Backs Tough Deposit Limits

The Dutch parliament has approved motions to turn new deposit setting rules into hard cross-operator limits and to sharpen enforcement action.

February 14, 2024

MGM Eyeing LatAm Online Joint Venture

MGM Resorts is exploring a “large JV” for online gambling in Latin America ahead of the opening of Brazil’s regulated market, according to CEO Bill Hornbuckle.

February 14, 2024

PrizePicks To Pay $15m Penalty In New York

PrizePicks has agreed to cease offering paid fantasy sports in New York and pay almost $15m to the New York State Gaming Commission for operating contests in the state without a permit from 2019 through 2023.

February 13, 2024

U.S. Treasury Warns Of Increasing AML Risks Through Online Betting

Different regulatory structures applied to sports betting and online gaming compared with traditional land-based casinos are creating heightened money laundering risks, the U.S. Department of the Treasury has said in a report.

February 13, 2024

B2B Approvals, Bonuses Among Unanswered Brazil Questions

The big questions regarding Brazil's forthcoming regulated market remain unresolved despite much debate on the key issues at last week's ICE convention.

February 13, 2024

Danish Supplier Licensing Act Making Swift Progress

A bill that would give the Danish Gambling Authority the power to issue injunctions and prosecute violations of the gambling law, as well as require licences for suppliers, was referred to the committee stage just a week after it was submitted to parliament.

February 13, 2024

Remittance Companies Move To Comply With Nigerian Regulation Changes

International money transfer providers are adjusting to recent changes to Nigeria’s rules, which limit inbound payments to naira and ban banks and fintech firms from offering transfer services.

February 13, 2024

Brazil Moves Towards New Digital Asset Framework, With Support From Coinbase

The Central Bank of Brazil has closed a consultation on an incoming regulatory framework for virtual asset service providers, winning support from Coinbase — a growing presence in the Brazilian market.