Insights Archive

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.

May 19, 2022

It’s No Time For Complacency As Experts Discuss Future Of UK Payments

As mobile-first payments are proliferating in the UK and the New Payments Architecture continues to progress, industry experts discuss new opportunities in the rapidly changing payments landscape.

May 19, 2022

Philippines To Launch Request To Pay And Bill Pay In Digital Push

As the Central Bank of the Philippines (BSP) sets out plans to launch three new e-payment streams, Congress has announced it will adopt a new law to ensure consumers are protected from increased digital payments adoption.

May 19, 2022

Specialist Police Payment Unit Prevents Record-Breaking Fraud

A UK police unit that targets organised criminal gangs behind fraud prevented a record of £101m from being stolen in 2021 — the highest amount in the unit’s 20-year history.

May 19, 2022

U.S. States React As Tax Breaks On Promo Play Reach Nine Figures

Allowances for tax deductions for free bets and other promotional play lost U.S. states more than $120m in potential tax revenue in 2021, and some states are pushing back against unlimited deductions.

May 19, 2022

Tougher NSW Penalties Flagged After PointsBet, DeluxeBet Fines

BetDeluxe and PointsBet are the latest in a long line of corporate bookmakers to be fined in New South Wales (NSW) state for illegal gambling inducements as the state government warned it will seek tougher penalties from the courts.

May 19, 2022

It's When, Not If, Cyber Attacks Strike U.S. Gaming Companies

The U.S. gambling industry remains wide open to cyber attacks despite an accumulation of years of incidents, according to a former assistant U.S. attorney.

May 19, 2022

Irish Gambling Bill Should Be More Restrictive, Committee Says

Ireland’s General Scheme of the Gambling Regulation Bill should include many more restrictions and consumer safeguards, including a pre-watershed gambling advertising ban, according to a joint parliamentary committee.

May 19, 2022

News In Brief: May 16-May 20, 2022

UK Gambling Commission acts against bookmaker Goldchip, Puerto Rico prepares to audit Light & Wonder's lottery operations and Dominican Republic moves against its scandal-ridden lottery operation.

May 18, 2022

DOJ Files First Case Alleging Crypto Use In Sanctions Evasion

The Department of Justice (DOJ) has accused a US individual of using cryptocurrency transfers to evade sanctions.

May 18, 2022

Jack Dorsey Strikes Down FTX Founder Over Bitcoin Payments Scaling Problem

The CEO of Block and ex-CEO of Twitter has hit back at Sam Bankman-Fried, founder of crypto exchange FTX, for claiming that bitcoin has no future as a payments network.

May 18, 2022

Ireland Becomes Unexpected First Mover For BNPL Regulation

Ireland’s central bank has confirmed that it will be applying its consumer protection rules to buy now, pay later (BNPL) firms among other services.

May 18, 2022

Cyprus Launches UBO Register

The Cyprus Securities and Exchange Commission has announced the launch of its online platform for the Cyprus Beneficial Ownership Register of Express Trusts and Similar Legal Arrangements (CyTBOR).

May 18, 2022

Swedbank Faces Potential Investigation Over IT Disturbances

The Swedish financial watchdog, Finansinspektionen (FI), has announced that it is appointing an external auditor to map out a "substantial IT disturbance" at one of the country’s largest retail banking institutions.