Insights Archive

May 13, 2024

Financial Risk Checks Could 'Disappear' Over Complications, Says Lawyer

A leading UK gambling lawyer has warned that financial risk assessments may prove so intrinsically full of friction that they are allowed to “quietly disappear”.

May 13, 2024

Northern Ireland's DfC Preparing Gambling Industry Codes Of Practice Proposal

Northern Ireland's government minister overseeing gambling policy will be provided with industry codes of practice for consideration “in due course”, according to the Department for Communities (DfC).

May 13, 2024

Daily Dash: Mastercard Joint Venture Begins Processing Domestic Transactions In China

With several key regulatory approvals in hand, Mastercard has begun processing domestic payments in China; meanwhile, Australia’s NAB looks to increase "pay by bank" adoption among merchants.

May 13, 2024

Single-Use Virtual Cards Ease Travel Industry Payments Headaches

As the travel industry continues to recover from its COVID-19 downturn, complex payment chains are increasingly being solved by single-use virtual credit cards, also known as VCCs.

May 13, 2024

Push For US Card Law Reignites Visa-Mastercard 'Duopoly' Debate

For all the new payments services on the market, many Americans still use credit cards running on the Visa and Mastercard networks, and lawmakers are making a fresh push to break up the "duopoly".

May 10, 2024

Brazil Operators Cheered By Winnings Tax Reversal

Brazil’s turbulent journey towards online gambling regulation was further evidenced on Thursday as Congress restored far more favourable tax provisions for player winnings, barely 48 hours after the federal government’s alternative approach caused alarm across the industry.

May 10, 2024

News In Brief: May 6-May 10, 2024

Zimpler under investigation in Sweden, Wyoming may ban college bets, Colombia's regulator opens investigations and the UN calls for a casino union boss to be released from Cambodian jail.

May 10, 2024

UK Website Blocking Incoming Via New Gambling Commission Powers

The UK Gambling Commission will soon be able to block illegal websites via the white paper’s commitment to award the watchdog new powers, as the regulator continues its sometimes disputed fight against the black market.

May 10, 2024

Week In Crypto: Most Stablecoin Volume Is Driven By Bots, Says Visa

Visa claims that 90 percent of stablecoin volume is bot-driven, Tether looks to improve transaction monitoring, and Binance’s new CEO calls for the release of a “mid-level” employee detained in Nigeria.

May 10, 2024

Daily Dash: Binance Fined C$6m For AML Failures In Canada

Binance has been hit by another AML penalty, this time in Canada, while Sweden’s financial regulator has disclosed that it is investigating possible AML failures at payments firm Zimpler.

May 10, 2024

Philippine Senator Alleges Espionage By Online Gambling Group

Anti-gambling senators in the Philippines have seized on intelligence alleging that employees of a raided online gambling operation had engaged in espionage and hacking government websites.

May 10, 2024

Alberta Could Launch Online Gaming Model In 2025, Officials Say

Multiple Canadian gaming industry officials have said that Alberta could launch a competitive online gaming market as early as 2025 and that provincial government officials remain motivated to do so.

May 9, 2024

Louisiana Responsible Gambling Advertising Bill Defeated In Committee

A heavily amended bill to require sports-betting advertisements in Louisiana to include information on resources for gambling addiction and the potentially addictive nature of online gaming was easily defeated by a House committee, after initially proposing to outright ban ads in the state.

May 9, 2024

Brazilian States File Supreme Court Challenge To Defend Online Gaming Rights

Seven of Brazil’s states, plus the Federal District of Brasilia, have filed a constitutional challenge with the Federal Supreme Court requesting the suspension of two paragraphs of the country's new sports betting and online gaming law that limit their licensing authority over lotteries and fixed-odds betting.

May 9, 2024

Make Deposit Limits Tougher To Reduce Burden, Say Dutch Advisors

A Dutch government advisory board has criticised the “regulatory burden” of planned deposit limits and suggested that an inflexible low limit or a total advertising ban might be better solutions.

May 9, 2024

APP Fraud Deadline Looms Large At PSR's Annual Event

The UK Payment Systems Regulator (PSR) has doubled down on its controversial reimbursement requirements, as the industry warns of firms shutting down or exiting the market.

May 9, 2024

Nigeria To Impose World's First 'Cybersecurity Levy' On Domestic Transfers

Nigeria’s government is looking to raise cash by requiring financial institutions to contribute to a cybersecurity fund, as the country continues to struggle with high inflation and currency devaluation.

May 9, 2024

South Africa Sets Scene For Open Finance Jump

South Africa’s Financial Sector Conduct Authority has released its policy recommendations for open finance, setting out a vision for a regulated ecosystem in the country.

May 9, 2024

Daily Dash: India Agrees To Build 'UPI-Like' Payment System In Namibia

India’s UPI instant payment system continues to go global, finding a new admirer in Namibia, while the European Banking Authority has published its final draft standards for stablecoins under MiCA.

May 9, 2024

German Court Refers Betting Player Refund Suits To European Court

A regional court has referred questions over German player refund lawsuits on sports betting to the Court of Justice of the European Union, and it has criticised another German court’s intention to rule without clarification from the European court.

May 9, 2024

Gaming Industry Pushing Back On Prop Bet Restrictions

Gaming industry leaders maintained this week that limiting or prohibiting proposition bets on college athletes or professional athletes could bolster the illegal market in the U.S.