Insights Archive

November 16, 2022

Europol Crackdown On E-Commerce Fraud Leads To 59 Arrests

The European Union Agency for Law Enforcement Cooperation, better known as Europol, has released new data showing the success of a month-long operation targeting e-commerce fraud.

November 16, 2022

Regulate Us! Crypto Firms Plead With UK Lawmakers

As the FTX blow up causes havoc across the world, crypto-asset players have told a cross-party group of members of UK parliament (MPs) that the industry would fare better if there was a regulatory framework in place.

November 16, 2022

Compromise German Agreement Would Relax Sports-Betting Restrictions

A draft compromise agreement to end a series of legal battles over sports-betting licences in Germany would loosen restrictions on deposit limits and kinds of bets for those licensees who jump aboard, according to German gambling lawyers.

November 16, 2022

Former Major League Baseball Player Indicted Over Illegal Betting

A former Major League Baseball all-star faces up to five years in prison after agreeing to plead guilty to lying to federal agents about making nearly 900 bets on sporting events in 2019 with an illegal bookmaker in Los Angeles.

November 16, 2022

Irish Gambling Bill Gets Government Go Ahead

Ireland’s government has approved the publication of the Gambling Regulation Bill, setting out the country’s new regulatory framework and licensing rules, in a major milestone for the long-awaited reforms.

November 15, 2022

Five ASEAN Nations Sign MoU On Regional Payment Linkages Ahead Of G20 Summit

Five of the largest economies in Southeast Asia are setting their sights on a common QR code payment area and further instant payments linkages, building on existing bilateral agreements.

November 15, 2022

New Zealand Moves Towards Open Banking Framework

Following in Australia’s footsteps, the New Zealand government has begun working with banks on formulating a Consumer Data Right (CDR) framework for the country’s banking industry.

November 15, 2022

EU’s Instant Payments Package Far From Perfect, Experts Warn

Although it was not packed with surprises, the EU’s instant payments proposal has some cause for concern that will need to be addressed, payments experts have warned.

November 15, 2022

France, GambleAware Studies Raise World Cup Addiction Concerns

France’s gambling regulator (ANJ) launched a new addiction prevention media campaign on Monday, as concerns surrounding the impact of the upcoming FIFA World Cup persist.

November 15, 2022

Massachusetts Regulator Debates Setting Rules For Sports-Betting Advertising

With regulators concerned about potential advertising saturation in Massachusetts when sports betting launches next year, broadcasters and league officials say their internal rules will help curb an advertising frenzy.

November 15, 2022

Nevada Gaming Control Board Chairman Resigns

Nevada Gaming Control Board chairman J. Brin Gibson is stepping down at the end of the month and will be replaced by board member Brittnie Watkins for the regulator's December hearing, Governor Steve Sisolak announced on Monday.

November 15, 2022

Peru Publishes Draft Regulations For Online Gambling

Peru’s Ministry of Foreign Trade and Tourism has released draft regulations to govern online gaming and sports betting, with a window of 21 calendar days for operators, suppliers and the public to submit comments on the proposed rules.

November 15, 2022

Maryland Mobile Sports Betting Set To Launch By End Of November

Maryland's Sports Wagering Application Review Commission will meet on Wednesday to award ten mobile sports-betting licenses out of a total of 21 mobile applications submitted to gaming regulators before last month’s deadline.

November 14, 2022

DORA Explored: MEPs Pass Key Cyber Rules

The Digital Operational Resilience Act (DORA) and the Network and Information Security directive (NIS2) have now been passed by members of the European Parliament (MEPs), paving the way for them to enter into EU law.

November 14, 2022

What’s The ’Secret Sauce’ For Twitter Pay?

After months of rumours and speculation surrounding Elon Musk’s plans to turn Twitter into a superapp, the "chief twit" has revealed new details about his vision for payments on the social media platform. Its success, however, depends on whether he can make the service stand out, experts say.

November 14, 2022

Thai Police Bust Major Online Gaming Syndicate

Thai police have cracked a major online gambling network boasting some 500 websites run by 2,000 employees over a decade.

November 14, 2022

Dutch Regulator Issues Warning To Two Operators For AML Shortcomings

The Netherlands Gambling Authority has issued warnings to two unnamed licensed operators for money laundering violations.

November 14, 2022

Lobbyists Cautious Over 2023 Sports-Betting Prospects In Texas, Minnesota

The 2022 U.S. midterm elections are over, and although there were several outcomes on the state level that surprised political observers, the effort to legalize sports betting in Minnesota and Texas remains questionable next year.

November 11, 2022

FCA Open Finance Policy Sprint Gets Thumbs Up - But What Next?

UK fintech players are hoping that the City watchdog’s policy sprint day will give impetus to the transition from open banking to open finance.

November 11, 2022

Week In Crypto: FTX Token Collapse Stokes Insolvency Fears, As Binance Scraps Bailout Plan

A near-total wipeout of the FTX Token leaves CEO Sam Bankman-Fried shopping for a bailout. Arch-rival Binance steps in to take over, but then backs out due to potential enforcement activity by US regulators.

November 11, 2022

Qatar To Launch National Payment Card By Year-End

The Qatar Central Bank (QCB) is planning to launch a national payment card by the end of the year with a view to offering a local alternative to global card giants Visa and Mastercard.