Insights Archive

January 23, 2023

Hungary Pushes For Expanding ATM Network

As digital payments have become part of everyday life, regulators are growing concerned about the decline in access to cash. Hungary has become the latest country to regulate the number of ATMs that card issuers must provide.

January 23, 2023

US Federal Reserve Prepares Master Account Register

The US Federal Reserve is building a public database of payment system participants as the transparency of granting valuable access to the central infrastructure is becoming a more pressing issue.

January 23, 2023

UK Parliamentarians Warn Premier League Of Sponsor Probe

The vice chair of a coalition of UK politicians has warned the Gambling Commission and the English Premier League to account for alleged ties of eight sports-betting sponsors to convicted junket supremo Alvin Chau or face a parliamentary probe.

January 23, 2023

New Hampshire Legislature Debates Online Gaming Bill

The chairman of the New Hampshire Senate’s Ways and Means Committee believes his state should join six others in regulating online gambling and is proposing to use a model similar to the one already being used to regulate mobile sports betting.

January 23, 2023

Ukraine Passes New Bill To Hike Gambling Industry Taxes

Ukraine’s parliament has passed a bill which scraps the inclusion of the gambling industry in the country’s simplified taxation system and returns rates to pre-war levels.

January 23, 2023

Owner Of World's Richest Sports Franchise Finds Betting A Hard Sell

Valued at $8bn by Forbes Magazine, the Dallas Cowboys are the wealthiest sports team on the planet, but the team’s owner is finding it difficult to persuade lawmakers even in his home state to support sports betting.

January 20, 2023

Week In Crypto: US AML Probe Leads To Arrest Of Russia-Linked Exchange Founder, MiCA Vote Postponed

The US Department of Justice has arrested and charged a Russian national as part of a major crypto AML investigation, the EU has pushed back its vote on MiCA, and Three Arrows Capital has re-emerged as a bankruptcy claims exchange.

January 20, 2023

SCA Works, At Least For Fraud Reduction, Italian Data Shows

In a recent report, Italy’s central bank found that strong customer authentication (SCA) has significantly reduced card-not-present fraud and saved around €60m.

January 20, 2023

HSBC Admonished For API Fails In The UK

HSBC has got into trouble with the Competition and Markets Authority for failures relating to the Retail Banking Order.

January 20, 2023

Daily Dash: Spanish Stablecoin Project Gets Go-Ahead

Banco de Espana has approved a euro-backed stablecoin project, the UK’s Treasury minister has talked up the benefits of open banking and the EU’s banking watchdog has revealed a record number of high earners in the sector.

January 20, 2023

Indiana Online Casino Efforts Begin With New House Bill

Although the chances of passage remain slimmer than most advocates would hope, Indiana legislators have begun to mount their 2023 effort to enact online casino legislation in the state.

January 20, 2023

Dutch Regulator Fines Malta-Based Shark77 €900,000

The Netherlands Gambling Authority has fined Malta-based online operator Shark77 €900,000 for allowing Dutch players to gamble on its website without a licence.

January 20, 2023

Paraguay Regulator Faces Legal Action Over Sports-Betting Tender

Paraguay’s beleaguered National Gaming Commission (Conajzar) could be facing legal action from B-Gaming and Gambling SA Consortium, which narrowly missed out on the country’s sole sports-betting contract.

January 20, 2023

News In Brief: January 16-January 20, 2023

Massachusetts regulator scheduled to approve sports-betting ad rules, University of Colorado discontinues PointsBet referral scheme and New South Wales Premier supports proposed ban on club political donations.

January 19, 2023

Nigeria To Create Open Banking Framework Inspired By EU’s PSD2

Nigeria has become the latest country to embrace open banking as part of the country’s new wide-ranging payment modernisation efforts, while the country also celebrates the go-live date of its domestic card scheme.

January 19, 2023

Russia Slaps Apple With $17.4m Fine Over Pay Services

Russia has followed regulators in many other parts of the world in ruling that Apple has abused its dominant position.

January 19, 2023

China’s CBDC To Work Offline, As PBOC Also Expands Use Cases

China’s e-CNY wallet app can now work offline allowing users to make payments where internet connection is poor or when their device runs out of battery. The country’s central bank has also announced plans to allow the central bank digital currency (CBDC) for investment purposes and to include it in its official money supply statistics.

January 19, 2023

Maryland Makes Diversity Key Plank Of Sports-Betting Framework

After an explosive start to mobile sports betting, Maryland regulators have approved the diversity plans of newly-licensed sportsbook operators to implement a key tenet of the state’s policy framework.

January 19, 2023

Ohio Regulator Threatens Involuntary Exclusion For Social Media Harassment

Ohio’s top gaming regulator warned that people who send harassing messages to college athletes via social media and other methods may be subject to penalties, including involuntary exclusion from betting.

January 19, 2023

Legislature Considers Reauthorizing Skill-Based Gaming In Virginia

A senior Republican lawmaker in the Virginia General Assembly has proposed reauthorizing so-called skill games, or grey-market gaming machines, even while the state prepares for another hearing in the spring about its efforts to enforce a ban that is currently on hold.

January 19, 2023

Chile Shuffles Forward With Two Online Gambling Bills

The economy and sports commissions of Chile's Chamber of Deputies both heard from relevant parties this week on contrasting online gambling bills, making progress on what has been a long and arduous process to regulate the online industry.