Insights Archive

July 22, 2022

HM Treasury Plots Payments Regulation Overhaul

The UK’s finance ministry has confirmed plans to review the applicability of the current payments regime, including new regulatory powers and the potential introduction of the Senior Managers and Certification Regime (SM&CR).

July 22, 2022

Week In Crypto: Tesla Dumps Bitcoin As Industry Players Claim Worst Is Over

Tesla adds to a crisis of confidence in the crypto markets, BNP Paribas spots an opportunity for high-end customers, while J.P. Morgan and Grayscale claim the worst of the collapse is now over.

July 22, 2022

PSR Planning To Make Open Banking Attractive For Cash Users

In its response to the Digital Payments Initiative report, the UK’s Payment Systems Regulator (PSR) is looking at ways to make digital payments more attractive for those that still rely on cash and encourage the use of open banking in account-to-account retail transactions.

July 22, 2022

FCA Says New Regs May Address Its Limits To Stop Harm Caused By Third Parties

In its latest perimeter report, the UK Financial Conduct Authority (FCA) highlights potential gaps where it lacks the power to step in and the actions the authority is taking to reduce harm linked to these gaps.

July 22, 2022

Spanish Supreme Court Questions Ad Restrictions

Spain’s Supreme Court has said there is reason to think the country’s gambling ad ban could be unconstitutional.

July 22, 2022

Insurance Coverage For U.S. Problem Gamblers Yields Mixed Results

More U.S. health insurance companies are offering coverage for gambling addiction, but that does not necessarily mean healthcare providers are celebrating.

July 22, 2022

Criticism Of Peru's Online Gambling Law Continues

The fallout continues from Peru’s rush to legalise online gambling last week, with industry insiders weighing in on the detrimental effect of merging two bills into one without careful examination of the text, which appears contradictory in several places.

July 22, 2022

German Regulator Irks Internet Firms With Call For Voluntary Website Blocking

A call by the new Germany-wide gambling regulator for internet service providers (ISPs) to voluntarily block unlicensed gambling sites is stirring controversy among the ISPs and some legislators.

July 22, 2022

News In Brief: July 18-July 22, 2022

Legal online casino games will become available for the first time in the Canadian province of Nova Scotia.

July 21, 2022

Europeans Can Now Use Alternative Billing Systems For In-App Purchases On Google Play

Google has announced that non-gaming apps that operate in the European Economic Area (EEA) may allow customers to use alternative billing systems to pay for digital goods and services via the Google Play store, pre-empting forthcoming regulations.

July 21, 2022

Swedish Court Rules In Consumer’s Favour Over Fraud Payments

Sweden’s Supreme Court has ruled that a consumer that fell victim to a phishing scam is in line for compensation after unwittingly giving away their details to a fraudster.

July 21, 2022

Paraguay On Path To Adopt Crypto Law

Last week, Paraguay’s Congress passed a bill that would regulate crypto-related activities in the country.

July 21, 2022

BNPL Complaints Begin To Emerge, But Fraud Comes Out On Top For Italian Consumers

Banca d'Italia has hinted at new buy now, pay later (BNPL) regulation, despite only receiving five complaints regarding the deferred payment method in 2021. Meanwhile, fraud continues to be the biggest issue faced by consumers.

July 21, 2022

Massachusetts Running Out Of Time To Legalize Sports Betting

With less than two weeks left in the legislative session, lawmakers in Massachusetts are running out of time to resolve their differences on tax rates and whether to allow wagering on college sports.

July 21, 2022

Belgium Sets New Weekly Deposit Limit

A Belgian royal decree has set a new €200-a-week deposit cap for online gambling accounts, with regulator and bank checks needed for players to lift the limit.

July 21, 2022

Illegal Online Betting Rampant, Warns Racing Federation

The Asian Racing Federation is warning that growth in illegal online betting is much faster than growth in legal markets, with poor regulation, new technology and the pandemic posing threats to racing integrity.

July 20, 2022

Meta Targets Small Businesses With New In-Chat Instagram Payments

Meta has launched a major new update to its Instagram social network app that allows users to message and pay for goods and services directly within the app's chat function.

July 20, 2022

Lithuania’s Central Bank Slaps Down Payments Institution Over High-Risk Activities

UAB Best Finance has been temporarily prohibited from providing services to customers from outside the European Economic Area (EEA), according to the Baltic financial supervisor.

July 20, 2022

Google Quietly Resurrects Google Wallet While Axing Google Pay

This week Google has relaunched Google Wallet — the app it once replaced with Google Pay — but this time round the wallet is much more than just a payments app.

July 20, 2022

Apple Hit With US Class Action Suit Over Tap And Pay

An Iowa card issuer has accused Apple of unlawfully restricting rivals’ access to tap and pay contactless technology and charging issuers “supracompetitive” fees.

July 20, 2022

Boyd To Launch Nevada Esports Platform As Regulatory Realignment Nears

As a policy advisory committee moves closer to defining how esports should be regulated in Nevada, a senior executive for Boyd Gaming has said the company is strongly exploring offering esports along with its other race and sports-betting options in the largest U.S. gaming market.