Insights Archive

May 24, 2022

Western Union Off The Hook In Sweden Over AML

Sweden’s financial watchdog has said that there are shortcomings in the payments institution’s approach to anti-money laundering (AML) compliance, but it will not be taking further action.

May 24, 2022

US Lawmakers And ABA Cast Doubt On Digital Dollar Use Case

In two separate letters, Republican lawmakers and the banks’ lobby group question whether the potential benefits of a US central bank digital currency (CBDC) outweigh the risks it poses.

May 24, 2022

Argentina's Córdoba Province Kicks Off Online Licensing, Despite Opposition

The province of Córdoba in Argentina announced on Friday that it will open a tender process this month to grant up to ten licences to online gambling operators.

May 24, 2022

Michigan Joins New Jersey, Delaware, Nevada In Interstate Poker Compact

The Michigan Gaming Control Board has signed an agreement allowing in-state online poker players to compete with players in three other states, regulators announced on Monday.

May 24, 2022

Disagreement Over Racetracks Derails Minnesota Sports-Betting Bill

The Minnesota legislature spent most of Monday merely listening to speeches from retiring colleagues after adjourning without reaching a consensus on bills to legalize sports betting, despite bipartisan support in the Senate and House of Representatives.

May 24, 2022

Greece Eases Controversial Online Restrictions

Greece has increased the maximum online wager stake by ten times, doubled the maximum amount a player can win in a single bet and reduced the time players have to wait in between placing wagers.

May 23, 2022

Argentine Crypto Rule Is Blow To Mainstream Adoption, But Won’t Stop It

The Argentine central bank’s statement restricting the ability of banks to offer crypto services may halt mainstream adoption but usage is continuing to grow in the country driven by a need to protect against inflation.

May 23, 2022

FCA Chair Lays Out Vision For Levelling Up UK Financial Services

Charles Randell, chair of the UK's Financial Conduct Authority (FCA), has called for a coherent policy approach to cryptocurrencies and asked lawmakers to ensure post-Brexit legislation does not put the independence of his agency in jeopardy.

May 23, 2022

Update: Google Agrees Truce With Match Group Over Billing Complaint

Match Group, owner of popular dating apps Tinder, Match and OKCupid, has agreed to a temporary ceasefire with Google after accusing it of establishing an in-app payments monopoly in a California lawsuit.

May 23, 2022

Fraud Or Sales Prevention? Experts Discuss UK’s SCA Implementation

After a delayed introduction, the UK has implemented the strong customer authentication (SCA) rules, but experts continue to express concerns about the impact they will have on fraud alongside lost sales from card abandonment.

May 23, 2022

’They’re Worth Nothing!’: Lagarde Comes For Crypto

The European Central Bank chief has been unapologetic in her views on crypto-assets, as G7 economies stress the need for tighter regulation.

May 23, 2022

William Hill Units Fined In Sweden For Faulty Information Reports

The Swedish Gambling Authority has fined two William Hill units a total of SEK1.45m (€138,000) for reporting incorrect information.

May 23, 2022

Nevada Regulators Reviewing Proposed Updates To Sports-Betting Rules

With the fall of the federal ban on sports betting four years ago, the proliferation of sports wagering in multiple U.S. states is forcing Nevada gaming regulators to further tweak the state’s own rules.

May 23, 2022

UK Online Slot Machine Stakes Set For £2 Limit

Online casinos offering slot machines could have their stakes limited to just £2, according to reports on UK government plans to reform the sector.

May 23, 2022

Asian Racing Report Says 'Effectively Illegal' Betting Sites Outnumber Legal

An Asian Racing Federation report on illegal betting has found that more than 60 percent of websites were either unlicensed or “under-regulated”, with 62 percent of the “under-regulated” located in Curaçao, Malta or the Philippines.

May 23, 2022

Argentina's Online Operators Face Challenges Of Inflation, Jurisdiction

Operators in Argentina’s nascent online gambling market face a series of challenges, including currency inflation and divergent regulations in the city and province of Buenos Aires.

May 23, 2022

Star Entertainment Executives Resign

The Star Entertainment Group’s executive chairman John O’Neill has announced his resignation, along with a slew of directors and senior management, ahead of testimony to an inquiry into serious misconduct at the Australian casino operator.

May 19, 2022

Friends With Benefits: Block Outlines Plans To Bring Consumer And Merchant Customers Together

Jack Dorsey, founder and CEO of Block, formerly known as Square, has outlined how its multi-ecosystem approach can be brought together to the mutual benefit of both its merchant and consumer base.

May 19, 2022

Austria: PSP Found To Be Providing Misleading Claims In SCA Case

The Austrian Supreme Court has ruled that a payment service provider (PSP) has been using “inadmissible clauses” on payment services, following a case triggered by the Federal Chamber of Labour.

May 19, 2022

Digital Euro Could Be Usable In Four Years’ Time, Says ECB Official

A digital euro could be issued by the EU within four years, a senior official at the European Central Bank (ECB) has said, with peer-to-peer payments potentially among the first use cases.

May 19, 2022

Payments And Retail Associations Rally To Keep Gift Voucher Exemption In AMLD

EU trade associations have co-signed a statement to the European Commission calling for an exemption for low-value e-vouchers and e-money transactions to remain in the EU’s anti-money laundering (AML) rules.