Insights Archive

January 13, 2025

EU Auditors Criticise 'Poorly Designed' Digital Payments Regulation

The EU’s digital payments framework is neither accountable nor supported by data, and problems persist with open banking and IBAN discrimination, the European Court of Auditors has warned in a highly critical new report.

January 13, 2025

Italy Opens Tender For Multi-Billion Euro Lottery Contract

Italy’s €4bn lottery concession is up for tender once again, with major operators believed to be circling one of the world’s most lucrative national lottery contracts.

January 10, 2025

Michigan Regulator Suspends TwinSpires For Failing To Cease Wagering

Michigan regulators have issued a summary suspension order to the Churchill Downs-owned TwinSpires platform for continuing to operate advance deposit wagering on horseracing in the state despite an order to cease operations.

January 10, 2025

News In Brief: January 6-January 10, 2025

Canada's attempt to create a national framework for regulating sports-betting advertising is “effectively wiped out”, Massachusetts regulator approves a $10,000 penalty to Penn Sports Interactive and the UAE issues a gaming-related vendor licence to Miami-based Xpoint Tech.

January 10, 2025

Brazil Esports Betting Severely Limited By Ordinance

The Ministry of Sports has confused the Brazilian gambling market by publishing an ordinance limiting players to only wager on esports accepted by the International Olympic Committee.

January 10, 2025

Outlook 2025: Latin America Facing Rising Regulatory Risks

After Brazil and Peru launched their regulated online gambling markets, attention should shift in 2025 from licensing and expansion to the prospect of stricter regulations in key Latin American jurisdictions.

January 10, 2025

Week In Crypto: FDIC Urged Banks To Stay Away From Crypto

A US regulator is caught warning banks against dabbling in crypto, the head of the CFTC resigns, and the creator of TerraUSD is (finally) extradited to the US to face trial.

January 10, 2025

India Lifts Customer Onboarding Cap For WhatsApp Pay

Meta’s push into India’s payments market has received a boost from a key regulator, after a long-standing user onboarding cap on WhatsApp Pay was removed with immediate effect.

January 10, 2025

Customer Protections Front Of Mind For Singapore Parliamentarians

Singapore’s deputy prime minister has been probed on issues such as credit card fraud, customer data misuse and joint account protocols in the latest spate of questions from the country’s lawmakers.

January 10, 2025

CFPB Approves Financial Data Exchange As US Open Banking Standards Body

The US Consumer Financial Protection Bureau (CFPB) has granted recognition to the Financial Data Exchange, Inc. as an official standards-setting body under its Personal Financial Data Rights rule.

January 10, 2025

Wynn Resorts To Acquire Crown London Aspinalls

US-based casino operator Wynn Resorts has announced it will acquire the boutique casino Crown London, also known as Aspinalls, from Crown Resorts to help feed customers to its future resort in the United Arab Emirates (UAE).

January 9, 2025

Minnesota Legislators Discuss Sports-Betting Harms

While most disputes over sports betting and online gaming legalization often center around which stakeholders stand to benefit and which stand to lose out, a hearing Wednesday in Minnesota served as a reminder of the presence of anti-gambling opponents.

January 9, 2025

Singapore Passes Bill That Allows Police To Freeze Accounts Of Scam Victims

Lawmakers in Singapore have enacted a first-of-its-kind bill that empowers the police to freeze the bank accounts of scam victims without their consent.

January 9, 2025

Daily Dash: India Mandates Name Look-Up Facility For Bank Transfers

The Reserve Bank of India has mandated that all banks connected to two major funds transfers systems must introduce a beneficiary account name look-up facility by April 1, 2025.

January 9, 2025

Daily Dash: BIS Advances ISO 20022 Harmonisation For Cross-Border Payments

The Bank for International Settlements' (BIS) Committee on Payments and Market Infrastructures has set out new measures to promote the adoption of harmonised ISO 20022 data standards.

January 9, 2025

Greentube Alderney Agrees £1m Settlement With UK Regulator Over AML, Social Responsibility Failures

Greentube Alderney Limited will pay £1m as part of its regulatory settlement with the UK Gambling Commission after an investigation revealed a raft of social responsibility and anti-money laundering failures.

January 9, 2025

Philippines Arrests 400 In 'POGO' Raid As Lawmakers Ramp Warnings

Immigration officials in the Philippines have arrested around 400 foreign nationals allegedly manning a foreign-facing online gambling (POGO) and cyber-scamming operation in Metro Manila.

January 8, 2025

California Tribes Banking On Judge Upholding Gaming Exclusivity

California tribal gaming leaders are confident their lawsuit claiming dozens of cardrooms are illegally offering house-banked table games, such as blackjack and baccarat, will be successful in protecting their exclusivity rights to offer casino games in the Golden State.

January 8, 2025

Outlook 2025: European Fight Against Illegal Market A Key Driving Force In 2025

The European gambling industry enters 2025 in its most divided form, with the landscape increasingly split between large listed companies devoted to regulated markets, joining forces with regulators to pressure a reconstituting offshore market on the other side.

January 8, 2025

Cash, Not Debit, Still King Among Germans, Says Bundesbank Report

A new survey from Deutsche Bundesbank has found that cash remains German consumers’ preferred payment method, signalling potential challenges for the digital euro.

January 8, 2025

Bank Of Ghana Invites Comment On Open Banking Directive

The Bank of Ghana has published a draft of the country's first open banking directive for regulated financial institutions, with a 30-day comment period.