Insights Archive

October 4, 2024

UK Government Authorises PSPs To Tackle Fraud By Slowing Down Payments

New rules that aim to protect consumers by extending the maximum delay for suspicious payments by 72 hours have been given the go-ahead by the UK government, despite concerns from industry.

October 4, 2024

Daily Dash: New Dutch Study Finds That Young People Underestimate Money Muling Risks

A new study in the Netherlands has found that young people underestimate the likelihood of money mules getting caught, while in Romania, BLIK has continued its expansion with a new authorisation from the central bank.

October 4, 2024

FDJ To Finalise Kindred Acquisition For €2.5bn

La Française des Jeux (FDJ) has announced it will finalise the acquisition of Kindred Group for almost €2.5bn, after fulfilling the condition precedent of controlling more than 90 percent of the capital of Kindred.

October 4, 2024

U.S. Regulators Continue Crackdown On Illegal Gaming

U.S. regulators are continuing to take action against unregulated forms of gaming, with officials in two states sending out new cease-and-desist notices on Thursday.

October 4, 2024

Brazil Regulator Flexes Muscles With Whitelist Omissions

Major Brazilian football teams may be forced to suspend lucrative sponsorship deals with one of the most prominent online betting brands in Brazil after Curaçao-based Esportes da Sorte was not included on the Brazilian regulator’s whitelist of temporarily approved operators.

October 3, 2024

Malta Suspends GoldWin Licence Over 'Threat' To Players

The Malta Gaming Authority has suspended GoldWin's licence, an online gambling company previously fined by the Netherlands Gambling Authority.

October 3, 2024

Sweden's Channelisation Still Shy Of Promised Mark

The Swedish Gambling Authority has published the channelisation rate for the year 2023, which came in at 86 percent. That number is still below the 90 percent that was projected when the Swedish market was first re-regulated in 2019.

October 3, 2024

Ireland's Gambling Bill Will Be Passed 'In The Coming Weeks', Ministry Of Justice Hopes

Ireland's Department of Justice said it is “hoped” that the long-awaited Gambling Regulation Bill 2022 will progress through the remaining stages and be enacted “in the coming weeks”, but there is still no definitive timeline for its completion.

October 3, 2024

Card Fraud Hits Fresh Highs In Australia Due To Offshore Fraudsters

Australians are facing a card fraud epidemic as overseas fraudsters continue to target the country, leading to significant losses for consumers.

October 3, 2024

Payment Groups Express Concern Over ECB Non-Bank Access Policy

Lobbyists representing the payments and fintech industries in the EU have urged the European Central Bank (ECB) to rethink its Eurosystem policy on access to payment systems for payments and e-money institutions.

October 3, 2024

Daily Dash: Barclays Clashes With Bank Of England On Retail CBDC

A new paper from Barclays has questioned the central bank’s motivations for potentially issuing a retail CBDC, while EU regulators have named a new head of oversight under the Digital Operational Resilience Act (DORA).

October 3, 2024

U.S. Appeals Court Permits Election Markets To Launch

A federal appeals court has upheld a lower ruling that effectively permits wagering on U.S. elections, including the presidential race.

October 2, 2024

Canadian Operators Push Back On National Ad Rules, Urge Fully Regulated Online Market

A senator’s efforts to establish a national framework for regulating the advertising of online gaming, including sports betting, was opposed Tuesday by the chief executive of the Canadian Gaming Association, who urged lawmakers to instead support a fully regulated industry.

October 2, 2024

Dutch Trade Group Warns On New Affordability Deposit Limits

New affordability-linked deposit limits took effect on Tuesday in the Netherlands, and a top online gambling group is warning that successive restrictions are boosting the attractiveness of the illegal market.

October 2, 2024

Brazil Casino Bill Unaffected By Online Gaming Drama, Insists Key Senator

The chief sponsor of a pending Senate bill to regulate land-based casinos and bingo halls insists that his proposal will be unaffected by the series of negative headlines now impeding online gaming in Brazil.

October 2, 2024

News In Brief: September 30-October 4, 2024

Michigan bills would earmark more money for problem gambling prevention, New York adds advertising restrictions, the NCAA considers athlete betting and Kenyan politicians are urged to pass new legislation.

October 2, 2024

Clean Sweep For Google Pay As Dutch Banking Apps Pull Out Of Mobile Payments

To the consternation of consumer watchdogs, Google’s takeover of the Dutch mobile payments market for Android users is now complete, following ING’s decision to withdraw its own mobile payments app.

October 2, 2024

Wero Says Bonjour As It Launches In France

The European Payments Initiative has officially launched its digital payment wallet, Wero, in France, following its launch in Germany during July.

October 2, 2024

EBA's Latest Q&As Offer Increased Clarity On PSD2 Implementation

The European Banking Authority (EBA) has published three new Q&As covering transaction risk analysis, inactivity periods and contingency mechanism exemptions in relation to the EU’s revised Payment Services Directive (PSD2).

October 2, 2024

Daily Dash: French Authorities Launch National Campaign To Combat Payment Fraud

France has introduced a nationwide campaign to alert the public to sophisticated fraud techniques, while the UK has outlawed targeting mainstream audiences with ads for certain types of crypto-asset products.

October 2, 2024

Brazil Publishes Whitelists Ahead Of Online Betting Blockade

Brazil’s gambling regulator has published the names of nearly 200 whitelisted betting sites that will not be subject to blocking during the final months of a transition period to a national licensing regime.