Insights Archive

November 18, 2024

France's Land-Based Casinos Insist On Being Part Of Online Regulation

France’s powerful casino lobby continues to flex its muscles, calling into question if online casino games will ever be regulated in the country without its explicit involvement and approval.

November 18, 2024

U.S. Researchers Seek Player Data To Tackle Student Sports-Betting Growth

The growth of online sports betting among U.S. college students has academics concerned about the increasing rates of problem gambling on campus and having enough access to player data and research funding to effectively study its impact.

November 18, 2024

Leave Crypto Unregulated At Your Peril, Execs Warns Rulemakers

Gambling regulators and financial services are leaving a path open to the black market by preventing licensed operators from offering cryptocurrency gambling, executives have warned.

November 18, 2024

South African Remote Gambling Bill 'Revived'

South Africa’s Democratic Alliance Party is reviving its draft bill to regulate online gambling and has invited comments on its proposal.

November 18, 2024

Daily Dash: Big Tech, APAC Central Banks Take Part In Cloud Disruption Simulation

Google, Microsoft and Amazon have taken part in a tabletop simulation of a "severe" outage of public cloud services, affecting the financial sectors of APAC economies.

November 18, 2024

Still No Reason To Issue CBDC, Says Fed Governor Waller

A key payments official at the Federal Reserve has dismissed the idea of a US central bank digital currency (CBDC), arguing that CBDC remains a solution in search of a problem.

November 18, 2024

Lithuania Introduces SEPA Request To Pay For Tax Collection

The Bank of Lithuania is rolling out an innovative SEPA Request to Pay service intended to simplify tax and contribution payments by enabling direct payment requests without the need for intermediaries.

November 18, 2024

Regulatory Influencer: Malaysia's New Risk Management Framework

Malaysia's central bank has launched a public consultation on its plans for risk management in the financial sector, including for payments and e-money firms. Bank Negara Malaysia (BNM) is seeking feedback on a new set of guidelines that aim to enhance cyber resilience and technology risk management within the nation’s financial sector.

November 18, 2024

UK Government Focuses On Open Banking In National Payments Vision

Clarity on the future of open banking will be key to making the most of the "significant opportunity" for account-to-account payments in the UK, according to the government’s new strategy.

November 15, 2024

Argentina Commission Proposes Blanket Ban On Online Gambling Advertising

Five legislative committees in Argentina have forwarded a proposal to ban virtually all advertising for online gambling.

November 15, 2024

Missouri Regulator Eyes Summer 2025 Sports-Betting Launch

Missouri’s top gaming regulator is optimistic the state’s sports-betting market will launch in time for the 2025 NFL season.

November 15, 2024

Curaçao's New Gambling Bill Nears Final Vote

Curaçao’s gambling regulator is hopeful that the long-awaited National Ordinance on Gambling (LOK) will be passed before the end of the year, as it is now just one step away from being presented to parliament for a final time.

November 15, 2024

News In Brief: November 11-November 15, 2024

An Ohio senator wants to lower the state's tax rate, Tilman Fertitta reveals Wynn stake, a bill banning college prop bets in New Jersey advances and an Arkansas casino blocking amendment is to go ahead.

November 15, 2024

FinCEN Issues Urgent Warning On GenAI Fraud

The US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued an alert on the use of deepfake media created with generative artificial intelligence (GenAI) tools.

November 15, 2024

Consumers Lack Fundamental Protections For Their Financial Privacy, CFPB Warns

A new report from the US Consumer Financial Protection Bureau (CFPB) argues that current data laws are not sufficient to deal with financial data innovations.

November 15, 2024

Week In Crypto: FTX Sues Binance In Effort To Recover $1.8bn

FTX’s new management attempts to settle an old score with Binance, FTX’s co-founder may be spared prison, and a Chinese national pleads guilty to laundering $73m using Tether.

November 15, 2024

Daily Dash: FSB Says Rapid AI Adoption In Finance Could Spark Financial Stability Risks

The Financial Stability Board (FSB) has released a report assessing the implications of AI in the financial sector, a new report by NatWest identifies the UK’s fastest-growing scams, and Sweden’s FI has fined Amal Express Economic Association over AML failings.

November 15, 2024

Taiwan Scandal Weds Online Gambling With Top Cop Corruption

Once a reliable technology services base for Philippine gambling interests, Taiwan’s high-tech gaming sector is under increasing scrutiny from prosecutors and politicians amid allegations of criminal associations, money laundering, sham payments companies and police corruption.

November 14, 2024

Louisiana Lawmakers Shelve Sports-Betting Tax Increase

A bill that would more than triple the sports-betting tax rate in Louisiana was deferred on Wednesday, so work could continue on the proposal that is part of Republican Governor Jeff Landry’s broader tax-reform package.

November 14, 2024

PSR Readies Online Platforms For Fraud Data Naming And Shaming

The UK’s Payment Systems Regulator (PSR) is inviting feedback on its proposed publication of data related to authorised push payment fraud sources, which will reveal which online platforms are most vulnerable to misuse.

November 14, 2024

Brazil Continues To Increase Supervisory Reach Over Pix Payment System

Brazil’s monetary authority has unveiled plans for tighter oversight of the Pix payments system from next year, which will see an increased regulatory burden introduced for financial institutions participating in the system.