Insights Archive

March 18, 2024

Wise Calls For EU To Close Hidden Fees Loophole

Wise has launched a petition to call for EU lawmakers to close the loopholes that would enable hidden fees via the Payment Services Regulation (PSR).

March 18, 2024

European Mobile Wallets Address Digital Euro Elephant In The Room

Mobile wallet solutions weighed up how the EU’s digital euro could interact with their products at the Merchant Payment Ecosystem (MPE) in Berlin last week.

March 18, 2024

Lithuania Postpones MiCA Deadline

Lithuania’s government has pushed back the date to be fully compliant with the EU’s Markets in Crypto Assets (MiCA) regulation, having previously foregone a transition period for the regulation.

March 18, 2024

Massachusetts Regulators Frustrated With Bally's Delayed Launch

Massachusetts regulators are growing concerned over the delayed launch timetable of Bally Bet, the only licensed sportsbook operator in the state that has yet to go live.

March 15, 2024

Minnesota Senate Committee Advances Amended Sports-Betting Bill

A bill to legalize sports betting in Minnesota continues to make its way through the committee process in the state Senate, but not without additional changes, including doubling the tax rate and altering how tax revenue will be distributed.

March 15, 2024

Week In Crypto: Former Binance CEO Must Surrender Canadian Passport

US courts move to ensure that Changpeng Zhao does not abscond before sentencing, Crypto.com is hit by a €2.85m fine in the Netherlands, and Coinbase is forced to delete an embarrassing page from its website.

March 15, 2024

Digital Euro Could Be Europe's UPI, Merchants Say

Merchants support a fast, innovative and low-cost pan-European payment method, a group of trade bodies have said, as they look to emulate Pix in Brazil and the Unified Payments Interface (UPI) in India.

March 15, 2024

HM Treasury To Amend Payment Service Contract Termination Rules

In its second amendment of the week to the Payment Services Regulations, the UK government has put forward changes to rules on provider-initiated terminations of payment service contracts.

March 15, 2024

Daily Dash: MEPs Adopt 'Landmark' AI Act With Regulatory Sandbox Provisions

The European Parliament has approved a key piece of AI legislation, aiming to balance innovation with risk management, and India and Indonesia have signed an agreement to use local currencies in bilateral transactions.

March 15, 2024

Twitter Fined In Italy For Ad Ban Breach

The Italian Communications Authority (AGCOM) has fined the social network formerly known as Twitter €1.35m for violating the country’s advertising ban.

March 15, 2024

Tabcorp CEO Forced To Quit Over Sexual Joke Targeting Female Regulator

The CEO of Australian retail wagering giant Tabcorp Holdings has resigned over sexually offensive language targeted at a senior female gambling regulator in Victoria state.

March 14, 2024

FinCEN Has Watchful Eye On U.S. Gaming Industry's Money Laundering Risks

The U.S. Department of Justice and Financial Crimes Enforcement Network (FinCEN) continues to actively pursue enforcement activities over anti-money laundering (AML) violations involving casinos, according to federal officials and legal experts.

March 14, 2024

News In Brief: March 11-March 15, 2024

Maryland passes bill to legalise online gaming, Louisiana bill to ban TV gambling ads awaits committee hearing and Pennsylvania lawmaker wants the state to join the Multi-State Internet Agreement.

March 14, 2024

U.S. Operators, Regulators Push More Usage Of Responsible Gaming Tools

Although operators continue to offer a suite of responsible gaming tools, convincing players to use them has been an uphill battle, according to U.S. executives and regulators.

March 14, 2024

Romário Opens Senate Investigation On Sports Betting

Romário, the Brazilian footballing legend turned federal senator, has requested a Parliamentary Commission of Inquiry (CPI) on suspicious sports betting, which was approved on Tuesday.

March 14, 2024

Lawsuit Seeks To Prevent CFPB Cap On Credit Card Fees

A group of US associations have jointly filed a lawsuit challenging a rule introduced by the Consumer Financial Protection Bureau (CFPB) limiting credit card late fees.

March 14, 2024

Australia's Long Road To BNPL Regulation May Finally Be Over

Australia’s Treasury has published a draft regulation that would bring buy now, pay later (BNPL) products under similar rules to traditional credit offerings for the first time.

March 14, 2024

Daily Dash: Klarna Hit By $700,000 Fine In Sweden For GDPR Breach

A Swedish regulator has upheld an enforcement action against Klarna for data protection failures, and Ukraine’s IT Army has taken down the Moscow Metro payment system in a large-scale cyberattack.

March 14, 2024

Philippines Busts Another POGO Scam Compound, Torture Alleged

Philippine authorities have rescued 875 Filipino and foreign workers after breaking up another alleged violent cyber scamming operation linked to a foreign-facing online gambling licensee (POGO).

March 13, 2024

Georgia Sports-Betting Bills See First House Talks

With just over two weeks remaining in the state’s legislative session, sports-betting legislation received its first hearing in a Georgia House of Representatives committee on Tuesday.

March 13, 2024

Maryland House Subcommittee Passes Amended Online Gaming Bill

An amended bill to legalize online gaming via up to 30 licensees has been passed out of a Maryland House subcommittee.