Insights Archive

August 13, 2024

UK Legislator Urges Government To Act On AI

In a new interview with Vixio, Lord Holmes of Richmond, a leading voice on technology and financial services in the UK parliament, urged the new Labour administration to introduce AI legislation to ensure legal certainty.

August 13, 2024

Ex-Veikkaus Executive Calls For Finland Bonus Ban Rethink

An ex-Veikkaus executive has called on Finland’s government to drop the planned ban on bonuses and affiliates included in the draft legislation that would open the market for the first time.

August 12, 2024

Slot Machine Manufacturers Await Overturning Of Mexico Decree

Mexico’s prohibitive 2023 decree essentially banning slot machines and online casino games should be overturned in court within the next few months, according to Mexican legal experts.

August 12, 2024

Influential Australian Ex-PM Intervenes Against Online Ads

Australian’s longest-serving prime minister in the modern era has intervened in the gambling advertising debate, backing a full ban amid public and politician anger over reports of softening government policy.

August 11, 2024

Pennsylvania Casinos Continue Campaign Against Skill Games

In the wake of a new lawsuit filed by Pennsylvania casinos, the chief executive of Penn Entertainment has pledged his company’s continued opposition to the proliferation of skill-game devices that “sound, look and smell” like slot machines.

August 9, 2024

News In Brief: August 5-August 9, 2024

Penn boss says the company has no plans to follow DraftKings in adopting a surcharge, for the time being.

August 9, 2024

Australian Confirmation Of Payee Service Edges Closer

The design phase of Australia's innovative Confirmation of Payee service has been successfully completed, with new compliance requirements for firms from next year.

August 9, 2024

AI Could Bring 'Profound Changes' To Payments, Says ECB Official

Artificial intelligence (AI) could revolutionise market infrastructures and payments, a senior official at the European Central Bank (ECB) has said, as regulators across the globe begin to intensify their focus on the phenomenon.

August 9, 2024

Regulatory Influencer: India’s Master Directions on Cyber Resilience and Digital Payment Security Controls

The Reserve Bank of India has issued new master directions on cyber resilience and digital payment security controls for non bank payment system operators following an initial consultation in June 2023.The master directions impose a slew of cybersecurity implementation and reporting measures on payment system operators.

August 9, 2024

Week In Crypto: Over 1,000 Alerts Issued Since FCA Promotion Rules Went Live

Crypto firms continue to flaunt the UK’s new rules on financial promotions, France opens applications for authorisation under MiCA, and Coinbase responds to allegations of campaign finance violations.

August 9, 2024

Daily Dash: Singapore Parliament Passes Key AML Legislation

Singapore has passed a new bill that will make it easier to prosecute transnational money laundering cases, while Malta has revoked the licence of a payments firm that failed to appoint a CFO.

August 8, 2024

Key State Regulators Reviewing DraftKings Surcharge Plan

Regulators in several key states where DraftKings intends to implement its new customer surcharge say they are looking into the plan, as further details as to how it will be implemented remain sparse.

August 8, 2024

Brazil's Advertising Ordinance Holds Influencers To Account

Brazil’s Prizes and Betting Secretariat has responded to a media firestorm around influencers promoting popular casino games such as Fortune Tiger through the publication of a regulatory ordinance that addresses both responsible gaming and advertising in one.

August 8, 2024

US Senator Calls For Investigation Into 'Mishandling' Of Zelle Fraud Claims

A US senator has called on the Consumer Financial Protection Board to investigate dispute resolution practices at Zelle, the largest peer-to-peer payments network in the US.

August 8, 2024

Indian Payments Regulator Gives All-Clear After Ransomware Scare

A major technology provider hit by a ransomware attack last week is back online again, after being briefly cut off from India’s retail payment system.

August 8, 2024

'Screw the ECB': Industry Questions ECB Verification Of Payee Plans

The European Central Bank (ECB) has said it may offer a verification of payee service, sparking frustration across the industry.

August 8, 2024

Daily Dash: US Corporate Whistleblowers Could Cash In Under New DOJ Pilot

The US Department of Justice (DOJ) has begun piloting a new scheme that will financially reward corporate whistleblowers, while the Hong Kong financial regulator has proposed renaming "virtual" banks as "digital" banks.

August 8, 2024

Nevada Revising Past-Posted Sports Bets, Ownership Reporting Regulations

Sports-betting operators in Nevada are a step closer to receiving final regulatory clarity over the rescission and acceptance of retail and online wagers, after gaming regulators granted initial approval to amendments to regulations overseeing the state’s bookmaking business.

August 7, 2024

Tribes Concerned After U.S. Supreme Court Strikes Down Chevron Decision

The U.S. Supreme Court’s recent decision to overturned long-standing precedent that instructed lower courts to defer to federal agencies when laws passed by Congress were not clear have tribes concerned they are vulnerable to legal challenges.

August 7, 2024

UK-Style Mandatory Reimbursement 'Not Fit For Purpose' In Australia, Says Minister

An Australian Treasury minister has rejected calls for a UK-style mandatory reimbursement model for scam victims, arguing that an industry code for key sectors offers a more "extensive" solution.

August 7, 2024

Experts Split On Switzerland's Stablecoin Regulations

The Swiss Financial Market Supervisory Authority has released new guidance on the issuance of stablecoins, with professionals in the crypto space divided on how impactful the regulation will be.