Insights Archive

March 29, 2022

Irish Government 'Enthusiastic' About Regulatory Reform

James Browne, the minister of state for law reform, has said he is “especially enthusiastic” about progressing gambling regulations in 2022, in the latest government bulletin on Ireland’s protracted legal reforms.

March 29, 2022

Georgia House Committee Revives Gaming Expansion, Sports-Betting Bills

With the end of the legislative session approaching next week, Georgia legislators have launched another effort to expand gaming in the state, including state-wide mobile sports betting and potentially casinos.

March 29, 2022

Continental Drift: U.S., Europe On Different Tracks For Online Gambling Enforcement

One day before New Jersey published the joint largest fine of the post-PASPA era of U.S. sports betting earlier this month, the UK Gambling Commission issued a penalty almost 100 times that amount, underlining different approaches to enforcement actions on the two sides of the Atlantic.

March 28, 2022

Bank Of England Begins To Set Out Crypto Regulatory Ambitions

The UK authorities’ deluge of recent crypto-asset interventions has continued with the Bank of England making further rumblings about the need for regulation, while also outlining what it regards as the main risks.

March 28, 2022

Singaporean Fintechs Take BNPL Regulation Into Their Own Hands

Singaporean buy now, pay later (BNPL) providers have joined forces to create an industry framework for the Singaporean market under the guidance of the Monetary Authority of Singapore.

March 28, 2022

CMA Shuts Down OBIE As Mandate Ends

The UK Competition and Markets Authority (CMA) will replace the Open Banking Implementation Entity (OBIE) with a "future entity" as the latter completes its mission to implement open banking standards.

March 28, 2022

Big Changes For Bigtech: Council And Commission Reach Agreement On Digital Markets Act

The Council of the EU and the European Parliament have reached a provisional political agreement on the Digital Markets Act, and final technical work will make it possible to finalise the text in the coming days.

March 28, 2022

Despite Shortlist, Chicago Casino Still Years From Opening

Chicago Mayor Lori Lightfoot surprised almost no one last week by announcing the three finalists to develop and operate a $2bn state-of-the-art casino in the third most populous city in the United States.

March 28, 2022

Star Entertainment Probe Claims CEO Matt Bekier

The CEO and managing director of Australian casino operator Star Entertainment Group has submitted his resignation over company compliance failures exposed during an ongoing New South Wales state government regulatory review.

March 28, 2022

Camelot To Appeal Lottery Licence Decision In High Court

Camelot is reportedly set to launch a High Court challenge over claims the UK's gambling regulator broke the law when it changed the scoring system in deciding who should win the new National Lottery licence.

March 25, 2022

Lithuania Crypto Services Set For Increased AML Rules

The Ministry of Finance, together with financial regulators, has prepared amendments to the country’s anti-money laundering (AML) laws that are aimed at strengthening the operating conditions of crypto service providers.

March 25, 2022

Digital Yuan To Fill Gap Left By Alipay And WeChat Pay

Various features in the e-CNY app, the Chinese digital wallet used to promote the pilot version of the country’s central bank digital currency, are designed to go into places where existing Chinese payments giants struggle, experts say.

March 25, 2022

Week In Brief - March 25, 2022

A short roundup of some of the week's payments news you may have missed. This week we look at plans to monetise a new SEPA API access model scheme, the latest on cross-border CBDC initiative Project Dunbar, the rise in data protection complaints in Spain, and the launch of new international group to promote UK fintech.

March 25, 2022

Thailand Outlaws Crypto Payments From April 1

The Thai Securities and Exchange Commission and Bank of Thailand have outlined new tough measures that will ban payments using crypto-assets from next month.

March 25, 2022

Indian State Of 120m People Preparing Online Gaming Legislation

India’s massively populous Maharashtra state has moved closer to regulating online gaming, with the government reportedly preparing dedicated legislation that includes a 25 percent gaming tax.

March 25, 2022

World Lottery Association Suspends Russian Members

Eastern European lottery operators have succeeded in petitioning the World Lottery Association to suspend its members from Russia and Belarus.

March 25, 2022

NHL Partnership Approach Could Be Boon In Ontario Online Market

The National Hockey League (NHL) was one of the earliest of the major U.S. professional leagues to embrace sports betting through partnerships with operators, and with Ontario’s new online gaming market set to launch in less than two weeks, the league is poised to capitalize.

March 25, 2022

Bill To Ban Gambling Ads In Ireland Advances

A bill to ban gambling advertising in Ireland will progress to the committee stage on March 29 after appearing to accrue government sympathy.

March 25, 2022

News In Brief: March 21-March 25, 2022

European operators to pool anti-cybercrime resources, a Missouri betting bill makes progress, while another in Minnesota narrowly survives its latest vote.

March 24, 2022

OBIE Updates Open Banking Roadmap

There are three remaining items that large UK banks have to put into effect this year, the latest update on the open banking roadmap shows.

March 24, 2022

UK/EU Authorities Keep Up Pressure On Crypto-Assets

The UK’s Advertising Standards Authority has published a new enforcement notice regarding crypto-asset promotions, following recent interventions from the EU’s financial regulators, as well as Ireland’s central bank.