Insights Archive

September 23, 2022

Australian Regulator Says More Needed To Improve Card Acceptance

In its first report on least cost routing (LCR), a feature that is intended to reduce the costs of card payments for merchants, the Reserve Bank of Australia finds limited uptake and points at the industry’s role in it.

September 23, 2022

ICIJ Blasts US Treasury For Delay In Setting Up Beneficial Ownership Register

ICIJ, the investigative group of journalists behind the so-called FinCEN Files, the massive leakage of banks’ suspicious activity reports, has pointed out that a new database aimed at addressing regulatory gaps in the US anti-money laundering framework is “taking way too long”.

September 23, 2022

Daily Dash: US Senator Queries Ratings Firms Over ESG Scoring

Republican senator calls on ratings firms to share ESG methodologies, Iran pilots a CBDC and Citi announces it is exiting the UK retail banking market.

September 23, 2022

Philippines To Start Mass Deportation Of Online Gambling Workers

The Philippines’ justice secretary has announced the deportation of at least 281 Chinese citizens who worked illegally for offshore-facing online gambling companies (POGOs) and warned as many as 40,000 foreigners now fall into this category.

September 23, 2022

Maryland Mandates Rolling Start For Mobile Betting, As Massachusetts Mulls Launch Approach

On the same day that Maryland regulators resolved to award licenses for online sports betting on a rolling basis, counterparts in Massachusetts were urged by numerous operators to instead establish a universal launch date for legal sports wagering.

September 23, 2022

Brazilian Executives Bet On Regulation By March

Brazilian executives have told the industry it can reasonably expect regulations for sports betting soon after the presidential election is over on October 30.

September 23, 2022

Fire-Breathing U.S. Casino Leaders Urge Destruction Of Illegal Industry

In unusually harsh rhetoric, the mild-mannered CEO and president of the American Gaming Association on Thursday called for the annihilation of the unlawful gambling industry and the head of Penn National described illegal operators as “cockroaches.”

September 23, 2022

News In Brief: September 19-September 23, 2022

New lotteries created in Brazil, William Hill fined $100,000 in Nevada and PlayUp to complete SPAC listing.

September 22, 2022

MiCA’s Final Draft Text Excludes DeFi And NFTs

Non-fungible tokens (NFTs) and decentralised finance (DeFi) look set to remain untouched by the EU’s Markets in Crypto-Assets (MiCA) regulation, as seen by VIXIO.

September 22, 2022

Real-Time Payments: Next Stop New Zealand

Payments NZ, the operator of New Zealand’s core payments system, has set its sights on real-time payments as the next chapter in the country’s payments modernisation journey.

September 22, 2022

Hungary Card Payments Boom, But Mixed Picture About SCA Impact

Card payments are booming in Hungary, central bank data shows, despite early fears that the introduction of strong customer authentication (SCA) would hold back the growth of digital payments. However, as card usage grows so does fraud.

September 22, 2022

Nevada Committee Nears Regulations For Esports Betting

A Nevada special committee has taken another step forward in establishing a regulatory framework that would make it easier for sportsbooks to take wagers on rapidly growing esports competitions.

September 22, 2022

In Expanding LatAm Market, One Size Does Not Fit All

Collaboration between the industry and government is key to developing successful regulations for a diverse Latin American online market, where a one-size-fits-all approach will not work, say local experts.

September 22, 2022

German Gambling Industry Seeks To Loosen Onerous Betting List

The German Sports Betting Association (DSWV) is in talks with regulators about expanding the list of permitted sports bets.

September 22, 2022

Growth Opportunities Remain Amid International Uncertainty, Say CEOs

Amid tightening gambling regulations in many markets, a war raging in Europe and talk of recession in the US, a group of CEOs say emerging markets in Latin America, as well as mergers and acquisitions driven by a strong US dollar, will provide the industry with opportunities for growth.

September 22, 2022

Ohio Regulators Continue Sports-Betting Rollout

Ohio regulators continued working through their sports-betting licensing process on Wednesday, approving licenses for several Ohio casinos and professional sports teams.

September 21, 2022

What’s In A Merge: A New Eco-Friendly Ethereum Looks To New Future

As ethereum completes its move to a low-energy proof-of-stake (POS) model, will institutions flock to the world’s second-largest crypto-asset, or are there more challenges ahead?

September 21, 2022

Federal-Level Payments Framework Needed, Urges US Treasury Report

The Biden administration is becoming as enthusiastic about payments policy as its allies in Europe, as a new policy paper from the Treasury talks up instant payments and financial inclusion.

September 21, 2022

Amazon And EPI Among Companies Tapped By ECB For Digital Euro Project

The European Central Bank (ECB) has announced that it will collaborate with five companies, which range from bigtech to EU banking institutions, to develop potential user interfaces for the digital euro as the project veers forward.

September 21, 2022

Twitch Bans Gambling Streams From Unlicensed Sites

Internet livestreaming giant Twitch announced Tuesday that it will prohibit streams of gambling content originating from sites that are not licensed in the United States or other jurisdictions that provide “sufficient consumer protection.”

September 21, 2022

UK National Lottery Transition Officially Underway

The process to hand over the reins of the UK National Lottery has officially started, according to the UK’s gambling regulator.