Insights Archive

May 29, 2024

Swiss Gambling Addiction Level Spike Sparks Concern

The number of pathological and at-risk gamblers in Switzerland increased between 2017 and 2022, according to the country’s latest health survey.

May 29, 2024

Walmart Terminates Capital One Credit Card Partnership Following Lawsuit

Walmart has ended an exclusive credit card agreement with Capital One after a one-year legal battle and a court judgment in the retailer’s favour.

May 29, 2024

European Payments Council Consults On Mobile Payments Updates

Payments companies have been invited to submit comments on draft guidance from the European Payments Council on mobile-initiated SEPA (instant) credit transfers.

May 29, 2024

UK Election Creates Legislative Losses For Payments Industry

Prime Minister Rishi Sunak’s decision to call a snap UK general election on July 4 has resulted in the long-awaited Data Protection and Digital Information bill falling, while the Home Affairs Select Committee has failed to sign off its inquiry into fraud.

May 29, 2024

Daily Dash: BaFin Lifts N26 Customer Cap Following AML Improvements

Germany’s financial regulator has announced that N26 can return to onboarding new customers without limits, while Thailand’s securities regulator has opened a new consultation on a comprehensive digital asset bill.

May 29, 2024

Illinois House Greenlights Graduated Sports-Betting Tax

The Illinois House has voted in favor of a sports-betting tax hike that will see some operators pay up to 40 percent of revenues to the state, and investors showed concern that other states could ultimately follow suit.

May 29, 2024

Taiwan Detains Alleged Online Gambling Mogul, Aides

Prosecutors in the Taiwanese city of Taichung have arrested an alleged online gambling boss, a disgraced journalist and three others linked to a detained law enforcement official who allegedly sabotaged a probe into the illegal gambling operation.

May 28, 2024

Illinois Senate Passes Major Sports-Betting Tax Hike

Sportsbook operators in Illinois are facing a massive tax increase pending a final House vote that could happen as early as Tuesday.

May 28, 2024

Greyhound Racing Nears Extinction As U.S. States Ban Races, Wagering

Across the United States, the prominence and popularity of greyhound racing has declined steadily over the last 30 years as more states prohibit the ability to conduct and wager on races, leaving West Virginia as the only state with operating tracks.

May 28, 2024

UK Election Casts Shadow Over White Paper Reforms

With several elements of the UK white paper yet to be fully implemented, do suspended animation in Westminster and a potential change of government threaten these reforms?

May 28, 2024

Daily Dash: Bank For International Settlements' CPMI Spotlights Strategic Priorities For 2024-25

The Bank for International Settlements' Committee on Payments and Market Infrastructures (CPMI) has published its work programme for the coming years, while the Swedish banking lobby has endorsed the proposed ban on gambling with a credit card, but also warned the government about likely challenges.

May 28, 2024

India's Improved Payments Sector Sees Zomato Turn In Its Licences

India’s largest food delivery and restaurant comparison site has ditched two payments licences after finding that the overall efficiency of the sector made its own foray "not commercially viable".

May 28, 2024

BNPL Lenders Reject US Comparison To Card Companies

Buy now, pay later (BNPL) lenders in the US will be required to give their customers similar protections to credit card companies, such as the right to a refund and the ability to dispute potential charges, under regulatory guidance issued last week by the Consumer Financial Protection Bureau.

May 28, 2024

European Payments Council Launches SPAA Pilot Call Out

The European Payments Council has invited payments companies to take part in a pilot for the SEPA Payment Account Access (SPAA) scheme, which aims to boost market engagement and a smooth transition to compliance for Europe’s payment service providers.

May 28, 2024

Sweden Issues Two Fines As It Continues To Take Action Against Suppliers

The Swedish Gambling Authority has fined suppliers Panda Bluemoon Ltd and Hacksaw Studios AB for providing their software to two unlicensed operators.

May 24, 2024

Nevada Regulators Do Not Buy PropSwap's Sports-Betting Resale Rule

The Nevada Gaming Control Board has declined to move forward with proposed regulatory changes to allow for the registration of companies offering the resale of pending sports bets.

May 24, 2024

Brazil Issues Ordinance On Sports-Betting Oversight

Brazil has issued yet another ordinance to implement a regulatory regime for sports betting, this time clarifying the respective oversight responsibilities of the Ministry of Sports and the Ministry of Finance.

May 24, 2024

Dutch Court Orders Kindred To Repay Online Gambling Losses

A Dutch court has ordered a Kindred Group unit to reimburse a gambler €93,000 in losses plus court costs on the grounds that online gambling was not yet legal at the time of the gambling, so any contract was null and void.

May 24, 2024

News In Brief: May 20-May 24, 2024

Massachusetts rejects gambling tax hike, Fanatics fined over college football wager and Betr approved in Maryland.

May 24, 2024

Week In Crypto: US Congress Looks To Settle Turf War Between SEC, CFTC

US lawmakers pass a historic crypto bill without a single vote against, but critics are not convinced that it will lead to safer markets. A 23-year-old Taiwanese man faces life in prison after being accused of building a crypto-funded global narcotics market.

May 24, 2024

House Passes US CBDC Bill Following ABA Support

The US House of Representatives has advanced its central bank digital currency (CBDC) bill with support from the American Bankers Association (ABA), meaning it will now move to the Senate.