Insights Archive

November 25, 2024

French Senate Backs Gambling Tax Increase

The French Senate has approved amendment 134 to the 2025 draft Social Security Finance Act that would increase taxes on certain online and brick-and-mortar gambling activities, after a similar amendment that was leaked in October was scuppered after uproar.

November 25, 2024

Dutch Regulator Fines Offshore Stalwart BetOnline €1.1m

The Netherlands Gambling Authority has fined notorious offshore operator BetOnline €1.1m for illegally offering its services in the Dutch market.

November 25, 2024

Wave Of Class Actions Against Sweepstakes Unlikely To Break Anytime Soon

The rise of new variants of fantasy sports and sweepstakes has been perhaps the story of 2024 in U.S. gambling regulation, but a string of class-action lawsuits threaten to stall these new offerings in 2025.

November 25, 2024

Daily Dash: Tether Custodian Nominated For Trump Cabinet Position

President-elect Donald Trump has confirmed the nomination of Tether’s US custodian for a position in his incoming Cabinet.

November 25, 2024

Regulatory Influencer: The UK's National Payments Vision

The UK’s Labour government has unveiled the country’s long awaited National Payments Vision, which aims to drive forward issues such as open banking and fraud prevention. As part of this, the government has heralded account-to-account payments as a way to spur innovation, reduce costs and increase choice for both consumers and merchants.

November 25, 2024

Daily Dash: EPC Calls For Interest In Verification Of Payee Service Providers

The European Payments Council (EPC) has announced a call for interest from organisations aiming to offer routing and/or verification mechanisms services under its Verification of Payee scheme.

November 25, 2024

European Commission Diplomatically Displeased With ECB Over Safeguarding Decision

A senior European payments policy official has insisted he is "not judging" the European Central Bank (ECB) based on its position on safeguarding accounts for payments and e-money firms.

November 25, 2024

Pennsylvania Could Become First US State To Launch Strategic Bitcoin Reserve

With the idea of strategic Bitcoin reserves gaining traction following Donald Trump’s election victory, Pennsylvania is in the running to become the first US state to open such a reserve.

November 25, 2024

California Wire Fraud Bill Faces Uncertain Future

Governor Gavin Newsom’s veto of a law intended to strengthen protections for elders in California represents a setback for consumer protection in the US.

November 25, 2024

Nigeria Supreme Court Nullifies National Lottery Act

Nigeria’s Supreme Court has ruled that the National Assembly does not have the power to legislate gambling, allowing individual states to oversee gambling in their jurisdictions in a move that potentially ends years of disputes between local authorities and the national gambling regulator.

November 25, 2024

Senator Warns Officials Against Aiding Illegal POGO Business

The Philippines’ most prominent anti-gambling senator has warned that government officials are “coaching” foreign-facing online gambling operators on how to evade a presidential ban on the sector.

November 22, 2024

Massachusetts Regulators Request Data On Sports-Betting Player Limitations

After holding several meetings regarding the unpopular practice of operators limiting winning sports bettors, Massachusetts regulators will now request specific data from its licensees related to the practice.

November 22, 2024

Week In Crypto: Another Former FTX Executive Is Spared Prison

A key accomplice to one of the largest frauds in history has been spared a prison sentence in return for his "outstanding cooperation" with US prosecutors.

November 22, 2024

Daily Dash: Montenegro And Albania Join SEPA Payment Schemes In Balkan Boon For Payments

The European Payments Council has approved the inclusion of Montenegro and Albania in the Single Euro Payments Area (SEPA) payment schemes, expanding the initiative's geographical scope to 38 countries, including EU and non-EU members such as the UK and Switzerland.

November 22, 2024

Global Open Finance Guidelines With A Royal Stamp Of Approval

A coalition including the Bank for International Settlements and the International Monetary Fund has announced new open finance guidelines intended to improve financial inclusion.

November 22, 2024

New CFPB Rule Introduces Oversight Of Digital Payment Apps

The US Consumer Financial Protection Bureau (CFPB) has finalised a rule granting federal supervision over the largest digital payment apps, marking a significant expansion in oversight for big tech firms in the payments space.

November 22, 2024

APP Fraud Having A Massive Impact On Social Media Trust, UK Research Reveals

The UK’s Payment Systems Regulator has released data on authorised push payment (APP) fraud's devastating impact on UK consumers, with losses exceeding £213m in the first half of this year alone.

November 22, 2024

Veikkaus Advertised More Than 200 Times On Family-Orientated TV Shows

Finland’s National Police Board has revealed that Veikkaus advertised more than 200 times during 2023 and 2024 on family-oriented and weekend morning TV shows, sparking the recent enforcement action against it.

November 22, 2024

News In Brief: November 18-November 22, 2024

IGT is investigating a cybersecurity breach which continues to hamper the company and Nevada changes its rules around rescinding bets.

November 22, 2024

Horseracing Body Calls Isle Of Man, Others 'Pseudo-Regulators'

The International Federation of Horseracing Authorities has accused the Isle of Man’s Gambling Supervision Commission and other online gaming hub authorities of being “pseudo-regulators” as horseracing interests sharpen attacks on the online gambling space.

November 21, 2024

Ohio Regulators Issue $425,000 Fine To DraftKings

Ohio regulators have fined DraftKings $425,000 as part of a settlement agreement for violations that included accepting banned proposition wagers and accepting deposits through unauthorized methods.