Insights Archive

July 20, 2022

Peru's Online Gambling Law Faces Harsh Criticism For Perceived Loopholes

Peru is on the cusp of legalising online gambling after the approval of Bill 2070/2021 in the dead of night on Friday, but criticism of the new law has already begun.

July 20, 2022

Ukrainian Petition Calls For Expulsion Of Russia-Linked Gambling Operator

A petition to Ukraine President Volodymyr Zelensky is demanding the national gambling regulator review and ultimately rescind the licence of a company that it says is linked to 1xBet in violation of rules barring Russian influence.

July 19, 2022

PayID Bringing Down Scams And Mistaken Payments, Aussie NPP Announces

One in four payments that have used the Australian PayID look-up service have been stopped and/or amended, helping prevent mistaken payments and reducing the likelihood of being tricked by a scammer, the country’s national payments infrastructure has said.

July 19, 2022

Only A Digital Euro Offers Trust Required For Digital Age, Says ECB

The European Central Bank (ECB) has said that only a digital euro can provide the trust and reliability of central bank money to support payments in the digital age, while at the same time dismissing crypto-assets as “inefficient”.

July 19, 2022

Dutch Central Bank Slaps Binance With €3.3m Fine

De Nederlandsche Bank (DNB) has found that Binance offered crypto-services in the country without registering. Binance has said it is now close to meeting Dutch regulatory requirements.

July 19, 2022

India And Indonesia To Expand Central Bank Cooperation On Payment Systems, Regulations

Bank Indonesia and the Reserve Bank of India have signed a memorandum of understanding that will lead to greater information sharing and other ties between the two central banks.

July 19, 2022

’Heavy Tech’ Investing Key To Harm Prevention, Says FCA

The UK’s financial watchdog has increasingly been investing in data and technology to reduce consumer harm and intervene more effectively, said its chief executive in a US speech.

July 19, 2022

U.S. Sports-Betting Operators Struggling With Double-Digit Tax Rates

New York’s sky-high tax rate has forced mobile sports-betting operators to lobby lawmakers for some relief and scale back their marketing spend to reduce ongoing financial losses, as industry executives urge other states not to replicate the model.

July 19, 2022

UK Loot Box Plan Is A Gamble, Says Expert

The UK is “gullible” for relying on self-regulation to tackle loot boxes and their associations with gambling harms, according to an expert on the in-game purchase items, who also warns that banning them is difficult to implement and enforce.

July 19, 2022

Genting Snaps Up Casino 36

Genting UK, the Malaysian-owned operator of more than 30 of the UK's 120 active casinos, has confirmed that it is poised to acquire Casino 36, which runs three casinos in the Midlands and Greater Manchester.

July 19, 2022

Uruguay Examines Raising Gambling Tax

Uruguayan Senator Sergio Botana has demanded that the overdue regulation of the last article of the country’s budget law include an increase of the tax on gambling from 0.75 to 1 percent.

July 19, 2022

New Jersey Regulator Calls Out Lotteries, Racing, On Responsible Gambling

New Jersey’s top gambling regulator is challenging state lotteries, racing commissions and other agencies to join casinos and sports-betting operators in developing responsible gambling programs to avoid a devastating addiction crisis in the gaming industry.

July 18, 2022

Bank Of America Fined $225m For Bad Fraud Detection During Pandemic

US agencies have found that Bank of America unlawfully froze unemployment benefits during the peak of the coronavirus pandemic as a result of a faulty fraud detection programme.

July 18, 2022

STEP2 Migration To Continuous Gross Settlement Is ’Better Than Instant’

The switch to a continuous gross settlement mechanism effectively creates a new near real-time pan-European payments service with added advantages for certain payment use cases, says EBA Clearing.

July 18, 2022

P27: Where Are We Now?

P27 has garnered interest way beyond the Nordic region that it is intended to serve, but questions still remain about how its remit will work and just how much say banks beyond the founders will have on its development.

July 18, 2022

DC Council Questions Sports-Betting Monopoly Model

District of Columbia Council members have sharply criticized the performance of the city’s lottery-led sports-betting program and called for a pivot to a model that would permit private operators to offer mobile wagering.

July 18, 2022

Political Anger In Tamil Nadu, As Kerala Targets Online Rummy

Hostility to online rummy in the southern Indian states of Tamil Nadu and Kerala is threatening to boil over, amid opposition politician anger and as governments move to defy court rulings defending skill gaming with stakes.

July 18, 2022

Romania Approves Winnings Tax Hike

The Romanian gambling industry faces a range of tough tax increases, including fees on player winnings, after the government approved an emergency ordinance and amendments to the country’s fiscal code.

July 18, 2022

Peru Passes Online Gambling Law

Peru’s Congress on Friday approved a bill that will regulate the operation of online gaming and sports betting, after lawmakers agreed to drop a proposed consumption tax on all online bets.

July 18, 2022

Crowded Field For Ohio Sports Betting

Bet365 and Fanatics are among operators bidding to enter Ohio’s coveted sports-betting market as the partner of one of the state’s major sports teams, according to a list of applications published by the Ohio Casino Control Commission on Friday.

July 15, 2022

Adyen Brings Apple Tap To Pay To Retailers

The Dutch payment processor will enable its retailers to use iPhones to accept contactless payments without the need to purchase a POS terminal.