Insights Archive

October 4, 2023

Streamlined Gaming Reforms Coming To Nevada

The Nevada Gaming Control Board is poised to begin unveiling three categories of regulatory reforms next month to expedite the approval of new gaming products even though the board’s chairman describes one group of reforms as “half-baked.”

October 4, 2023

New York Commission Bans 'Pick 'Em' Fantasy Contests In New Rules

New York regulators have adopted new rules that will prohibit the state’s licensed fantasy sports operators from offering “pick ’em” style contests that resemble parlay-style betting.

October 4, 2023

Romania's Prime Minister Threatened Over Proposed Gambling Changes

Romanian Prime Minister Marcel Ciolacu has pledged to move ahead with planned changes to the country’s gambling laws, despite claiming he has received threats from members of the gambling industry.

October 4, 2023

Daily Dash: Discover Settles Over Compliance Mishap

Discover has settled with a US regulator following a consumer protection investigation, and the Bank of Lithuania has revoked the licence of another electronic money institution (EMI).

October 4, 2023

UK Treasury Vows To Stamp Out Debanking Over Political Views

HM Treasury has vowed to strengthen customer protections for payment account closures before the year-end, following controversial high-profile account closures involving former politician Nigel Farage.

October 4, 2023

Square's Four-Day Outage Sparks Debate On POS Contingency Planning

The payments industry is grappling with the question of point of sale (POS) contingency plans following an outage at Square, with stakeholders sizing up the need for backup systems and processors.

October 4, 2023

Calls For Legal Reform, Clarity Offset Bangladesh Online Purge

Legal identities are calling for online gambling regulation or legal clarity in Bangladesh as financial authorities probe hundreds more websites and crackdown against thousands of users of mobile financial services.

October 3, 2023

New Jersey Problem Gambling Rate Drops, But Widespread Gaming Increases Risks

The prevalence of high-risk problem gambling may have decreased slightly in New Jersey over the last five years, but researchers believe their findings from a recent survey underscore the increased risk associated with more legal forms of wagering available in the state.

October 3, 2023

Greece's OPAP Faces €24.6m Fine Over Competition Law Violations

Greece’s competition commission has handed down a blistering fine of €24.6m to Greek gambling giant OPAP for leveraging its exclusivity over certain gambling products to restrict competition in other service areas.

October 3, 2023

Belgium Gambling Law Modernisation Clears Key Hurdle

Belgium’s Council of Ministers has approved a preliminary draft law aimed at modernising the country’s gambling law and bringing it into compliance with the EU General Data Protection Regulation.

October 3, 2023

Daily Dash: Revolut Faces UK Probe Over Suspicious Transactions

Revolut is reportedly in talks with a UK regulator over compliance failures, and Apple is struggling to overturn a €50m fine imposed in the Netherlands for its previous monopoly on in-app payments.

October 3, 2023

US Top Court Revives Debit Card Fee Challenge

The Supreme Court of the US has agreed to hear a case challenging the debit card interchange fee cap set by the Federal Reserve.

October 3, 2023

EBA Publishes Latest PSD2 Q&As

The European Banking Authority (EBA) has published another series of Q&As, with further clarifications on strong customer authentication (SCA) and other rules.

October 3, 2023

EU Regulators Publish 'Criticality' Criteria For DORA, MiCA Implementation

A group of EU regulators has published consultation responses on key definitions that will soon be added to major legislation concerning digital resilience and crypto-assets.

October 2, 2023

Florida Supreme Court Seeks DeSantis' Opinion On Sports Betting

Even though they are running out of options after yet another defeat last week in a federal appeals court in Washington, D.C., opponents of mobile sports betting in Florida continue to pursue Hail Mary efforts in the U.S. Supreme Court and its state-level equivalent.

October 2, 2023

NFL Modifies Gambling Policy With Tougher Ban For Betting On Own Team

The National Football League (NFL) has changed course on its often-criticized policy regarding player punishments for gambling infractions, toughening penalties on players found to bet on their own team while softening those for wagering on other sports.

October 2, 2023

Nigeria's Government Eyes 'Huge Sums' Of Lost Gambling Tax Revenue

Nigeria’s government has pledged to “tackle” a host of challenges facing the federal gambling regulator, including introducing a long-awaited central monitoring system “as soon as possible”.

October 2, 2023

German Regulator Consults On 'Welcome' Payments Institution Guidance

Germany’s Federal Financial Supervisory Authority (BaFin) is consulting on its first-ever guidance for payments and e-money institutions, with a focus on risk management.

October 2, 2023

PSD3 Update: MEPs Assigned Key Payments Legislation Roles

Marek Belka has been made rapporteur for the EU’s new payments legislation, while instant payment rapporteur Michiel Hoogeveen will take the lead on the open finance framework.

October 2, 2023

Tensions Surface As MEPs Lobby ECB For Digital Euro Delay

Members of the European Parliament have called on the European Central Bank (ECB) to delay the “realisation” phase of the digital euro until the EU’s legislative package for it has been approved.

October 2, 2023

Daily Dash: Apple Set For New Apple Pay Antitrust Case

Apple is expected to face an antitrust class action lawsuit related to iPhone near-field communication technology, a UK regulator has set out its financial inclusion ambitions, and Mastercard fingerprint payments have gone live with Mercedes pay+.