Insights Archive

November 7, 2022

Fintech Association Documents Mounting Problems With APIs

The European Third Party Providers Association has published a new EU-wide registry of obstacles compiled by third-party providers, which highlights the many problems experienced with application programming interfaces (APIs).

November 7, 2022

ECB Keeps Up Market Rapport In Digital Euro Work

The European Central Bank (ECB) is inviting experts from the payments industry to take part in technical talks to explore options for the provision of programmable payment services as part of the digital euro.

November 7, 2022

Gambling Spared As Colombian Tax Plan Passes

Colombian President Gustavo Petro’s tax reform plan has passed the Senate and the House of Representatives, implementing only minor changes to the occasional gains tax that applies to gambling winnings.

November 7, 2022

Crown Resorts Savaged Anew With A$120m In Fines, Warnings

The Victoria state casino regulator has punished Crown Resorts anew with fines totalling A$120m ($77m) for serious and illegal misconduct, but growing regulator anger over current management’s “recidivism” may bode much worse for Crown’s survival.

November 7, 2022

European Trade Group Bosses Share Political Woes

Last week’s Scandinavian Gaming Show gave a group of European trade association chiefs a chance to gather on stage together, lamenting shared woes on unhelpful politicians who select only the best ideas for crackdowns from their neighbours.

November 7, 2022

Arbitrator Gives Fox Option To Buy FanDuel Stake At $20bn Valuation

An arbitrator has ruled that Fox Corporation can buy more than 18 percent of FanDuel in an option that values the U.S. sports betting and fantasy sports brand at more than $20bn.

November 4, 2022

’The Right Thing To Do’: New Zealand BNPL Reg Plans Take Shape

New Zealand becomes the latest jurisdiction to be set on regulating the alternative payments product after its increase in use during the pandemic and pressures arising from the cost of living crisis.

November 4, 2022

Singapore Beefs Up CBDC Cross-Border Settlement Project Ubin

The Monetary Authority of Singapore's work with international partners on a wholesale central bank digital currency (CBDC) project has been expanded to become Ubin+.

November 4, 2022

Canadian Government Delivers On Election Pledge To Rein In Credit Card Fees

Canada’s government has announced plans to cap credit card fees for small businesses as it seeks to deliver on election promise.

November 4, 2022

Week In Crypto: First DeFi FX Transactions On Public Blockchain, MoneyGram Launches Crypto Trading

Following months of reporting on crashes, fines and bankruptcies, Week in Crypto is decidedly upbeat this week as J.P. Morgan, DBS and SBI complete the first cross-border transactions on a public blockchain, MoneyGram launches crypto trading and Visa taps into World Cup fever with new NFTs.

November 4, 2022

Daily Dash: FCA Looks For Cost Of Living Answers

The UK’s Financial Conduct Authority (FCA) has called on consumer credit firms to send data in hopes of better understanding the cost of living crisis, Australia has said it will focus on crypto and greenwashing next year, and Stripe has laid off staff due to concerns of economic downturn.

November 4, 2022

Industry Confident Finnish Monopoly On Borrowed Time

Finland could hand out licences for online gambling as soon as 2025, with the prevailing sentiment suggesting it is a case of when, not if, the nation’s monopoly is dismantled.

November 4, 2022

Apollo Seeks $620m Distribution From Nevada Assets

The private-equity owners of The Venetian Las Vegas are seeking regulatory approval to distribute $620m to investors and hand out bonuses to employees, but gaming regulators have questioned the soundness of returning such a large dividend less than eight months since the acquisition closed.

November 4, 2022

Latin American Operators At Odds Over Online Betting Sponsorships

Lawyers and operators have given contrasting perspectives on the legality of online sports-betting sponsorships for football teams in unregulated markets such as Chile, Uruguay and Brazil.

November 4, 2022

UK Gambling Commission Hands Out Suspension For Self-Exclusion Failure

The UK Gambling Commission has suspended LEBOM Limited from transacting with consumers for not being integrated into the GAMSTOP self-exclusion scheme.

November 3, 2022

Open Banking Kicks Off In Saudi Arabia Early Next Year

Industry participants welcome Saudi Arabia’s open banking framework, which is expected to launch in the first quarter of 2023.

November 3, 2022

UK MPs Criticise Government Transparency Over ’Controversial’ Regulator Power In Finance Bill

A planned amendment to the Financial Services and Markets Bill, which greatly extends the powers of the UK government to direct financial regulators to take action, has been delayed, which the Treasury Select Committee has called "sub-optimal" due to a lack of parliamentary scrutiny it will receive.

November 3, 2022

South Africa To Launch Modernised Instant Payment Service In 2023

After being a pioneer in setting up instant payments 16 years ago, South Africa is now preparing to launch a new instant payment service looking to mirror the success of similar services in India, Singapore and Thailand.

November 3, 2022

Doomed Sports-Betting Propositions In California Could Cost $700m

With just five days left until the November 8 election, the amount spent on two apparently futile propositions to legalize sports betting in California is expected to set a new national record of up to $700m.

November 3, 2022

North Dakota Governor Rejects Tribes' Online Gaming Request

North Dakota Governor Doug Burgum has denied tribes’ request for exclusive online gaming rights in the final draft of new gaming compacts, saying Wednesday that there is no clear legal path for him to unilaterally expand the state’s gambling laws to allow the five tribes to offer internet wagering across the state.

November 3, 2022

Australian Regulator Orders AML Audits For bet365, Sportsbet

Australia’s financial transactions regulator has ordered Flutter Entertainment-owned Sportsbet and bet365 to be audited after claiming “reasonable grounds” to suspect the bookmakers violated or are violating anti-money laundering (AML) legislation.