Insights Archive

March 24, 2022

Improvement Needed! EBA And EU Lawmakers Scrutinise AML Supervision

Lawmakers in Brussels have held a public hearing on the EU’s latest financial crime package and how it can be made effective. Meanwhile, the European Banking Authority's new report highlights why the current one is not.

March 24, 2022

Canada Names First-Ever Open Banking Lead

Canada has picked former digital banking director Abraham Tachjian to help set up the country’s open banking regime, which is planned to launch next January.

March 24, 2022

Missouri House Moves Forward On Sports Betting

Missouri’s House of Representatives advanced a modified sports-betting bill for passage on Wednesday, the most significant step taken to towards enacting legislation in the state after years of misfires.

March 24, 2022

First German Online Slots Licences Could Finally Emerge, Says Lawyer

The award of Germany’s first virtual slots licences could be days away, but delays and uncertainty are expected to persist at least until a federal council steps back from gambling regulation in 2023.

March 24, 2022

UK Regulator, BGC Question Estimate 1.4m Are Experiencing Harm

The Gambling Commission has said charity GambleAware’s estimate of 1.4m people experiencing gambling-related harms in Great Britain is likely to be affected by its differing online methodology.

March 24, 2022

Western Australian Probe Finds Crown Resorts 'Not Suitable'

A Royal Commission has found Crown Resorts unsuitable to hold a casino licence in the Western Australian capital of Perth, but the company will retain its licence pending remediation.

March 24, 2022

U.S. Casinos' Reign In Macau Facing Instability, Uncertainty

Three U.S. gaming companies continue to rake in billions from their casinos in Macau, but recent actions by the Chinese and American governments and union-linked interests suggest this golden era may be coming to an end.

March 23, 2022

EPI Drops Card Plans After Member Banks Pull The Plug

The European Payments Initiative (EPI) has reportedly given up its plans to pursue a pan-European competitor to Visa and Mastercard after two-thirds of its member banks quit the project.

March 23, 2022

Bank Of Lithuania Continues To Talk Up Payments, E-Money Opportunities

The amount and revenue of payment transactions executed by electronic money and payment institutions increased almost four-fold in 2021, Lithuania’s central bank has said.

March 23, 2022

Time To Make Open Banking BAU, Says PSR Chief

Open banking needs to move to the next chapter in the UK, a senior official at the UK’s payments regulator has said, as the industry awaits the Competition and Markets Authority’s decision on the future of the Open Banking Implementation Entity.

March 23, 2022

Regulator Fears Of Sanction Busting Crypto Are Unwarranted, Says Sector

Despite attempts by regulators and lawmakers to further restrict cryptocurrency in the name of Russian sanctions, the nature of blockchain technology makes conventional methods still the most effective way for Russian authorities to evade sanctions.

March 23, 2022

Australian Government Seeks Crypto Plan Feedback

Following its commitment to stipulate a regulatory framework for the crypto-asset sector, Australia’s Treasury Department has published a new consultation on the matter.

March 23, 2022

Provincial Regulators Push South Africa's Online Casino Limits

Gambling watchdogs in South Africa's provinces are stretching their own rules on what they will permit within a traditional bookmaker's licence, going so far as to allow casino and card games with live dealer and RNG elements, adding fuel to a booming licensed online market.

March 23, 2022

Consensus Nears For Kansas Sports-Betting Bill

Currently, Kansas is one of 17 states without legalized sports betting in the U.S. but lawmakers hoping to change that unveiled a revised proposal on Tuesday for legalizing retail and mobile wagering at casinos, professional sports stadiums and convenience stores in the state.

March 23, 2022

German Survey: 2.3 Percent Have Gambling Disorder

An estimated 2.3 percent of the German population aged 18-70 years can be classified as having a “gambling disorder”, according to a country-wide gambling survey aimed at evaluating player protection measures.

March 23, 2022

Maine Poised To Give Tribes Monopoly On Online Sports Betting

Already blocked in Florida and facing an uphill battle in California, DraftKings and FanDuel could be locked out of Maine where legislation is moving to give Indian gaming tribes exclusive rights to online sports betting.

March 22, 2022

EBA Makes New PSD2, EMD Clarifications

The European Banking Authority (EBA) has released another batch of Q&A responses regarding the implementation of the revised Payment Services Directive (PSD2) and the Electronic Money Directive (EMD).

March 22, 2022

Barclays, Lloyds Found In Breach Of Open Banking API Order

The UK Competition and Markets Authority (CMA) has sent letters to Barclays and Lloyds after it found the two banks had breached open banking provisions.

March 22, 2022

Crypto Market Players Hail Wyoming Stablecoin Act

Wyoming is pushing forward with its plans to become the crypto capital of the United States as a bill that creates a state-backed stablecoin lands on the state governor’s desk.

March 22, 2022

UK Cybersecurity Agency Outlines Online Gambling Threats

Credential stuffing, DDoS attacks and phishing are the most common cybersecurity threats to the UK online gambling industry, according to a report commissioned by the National Cyber Security Centre.

March 22, 2022

Unregulated Skill-Games Operators In Virginia Face Criminal Charges

In the latest battle in a fierce war over unregulated gaming devices, operators of supposedly skill-based games in a rural Virginia county have been given 15 days to cease operations, or face being charged with a felony, according to a letter issued by the local county attorney’s office.