Insights Archive

March 30, 2022

Crypto, Card Acquiring And Fraud Take Centre Stage In PSR Annual Plan

Shaping new crypto regulations, improving the card-acquiring market and preventing fraud are some of the seven key projects the UK's Payment Systems Regulator (PSR) is planning to focus on in the year ahead.

March 30, 2022

Ukraine Demands Gambling Industry Severs Ties With Russia

Ukraine’s gambling regulator has praised operator Parimatch for completing its withdrawal from the Russian market and urged other industry stakeholders to cut all ties with the country.

March 30, 2022

Kansas Sports-Betting Bill In Flux Before Friday Deadline

Legislation to permit sports betting in Kansas experienced a rollercoaster ride on Tuesday that leaves its status uncertain as a key legislative deadline approaches this week.

March 30, 2022

Huddleston Cautious On Affordability In Latest UK Debate

As the long wait for the UK white paper persists, politicians continue to debate the big issues, with the minister overseeing the review appearing to tread a careful line on affordability checks and advertising.

March 30, 2022

Seneca Nation Accuses New York Of Forcing Payment To Resolve Gaming Compact Dispute

The Seneca Nation claims New York officials employed coercive tactics to force a vote this week by the tribe’s council to pay the state almost $565m to resolve a gambling compact dispute.

March 29, 2022

BoE Teams Up With MIT To Explore CBDC Tech Design

The Bank of England (BoE) has become the latest central bank to partner with the Massachusetts Institute of Technology (MIT) to explore technical aspects of a central bank digital currency (CBDC).

March 29, 2022

EU AML Body Should Have Powers To Regulate Crypto, EBA Chair Suggests

The rapid growth of crypto-assets in the EU needs to be accounted for in the trading bloc’s financial crime package, the EU’s banking watchdog chief has suggested in a letter to co-legislators.

March 29, 2022

’We Need To Think Ahead’: Key EU Regulators Make Biggest PSD3 Hints So Far

The Payment Services Directive has become a worldwide reference point, according to the European Commission’s financial services chief, but time has come for reform.

March 29, 2022

Experts Sceptical Over Transatlantic Data Privacy Pact

Although the new EU-U.S. "in principle" agreement is a significant step to enabling transatlantic data flow, there is still very little known about the specifics, leaving experts wondering whether the new framework will fall short of addressing EU concerns about surveillance and privacy.

March 29, 2022

Irish Government 'Enthusiastic' About Regulatory Reform

James Browne, the minister of state for law reform, has said he is “especially enthusiastic” about progressing gambling regulations in 2022, in the latest government bulletin on Ireland’s protracted legal reforms.

March 29, 2022

Georgia House Committee Revives Gaming Expansion, Sports-Betting Bills

With the end of the legislative session approaching next week, Georgia legislators have launched another effort to expand gaming in the state, including state-wide mobile sports betting and potentially casinos.

March 29, 2022

Continental Drift: U.S., Europe On Different Tracks For Online Gambling Enforcement

One day before New Jersey published the joint largest fine of the post-PASPA era of U.S. sports betting earlier this month, the UK Gambling Commission issued a penalty almost 100 times that amount, underlining different approaches to enforcement actions on the two sides of the Atlantic.

March 28, 2022

Bank Of England Begins To Set Out Crypto Regulatory Ambitions

The UK authorities’ deluge of recent crypto-asset interventions has continued with the Bank of England making further rumblings about the need for regulation, while also outlining what it regards as the main risks.

March 28, 2022

Singaporean Fintechs Take BNPL Regulation Into Their Own Hands

Singaporean buy now, pay later (BNPL) providers have joined forces to create an industry framework for the Singaporean market under the guidance of the Monetary Authority of Singapore.

March 28, 2022

CMA Shuts Down OBIE As Mandate Ends

The UK Competition and Markets Authority (CMA) will replace the Open Banking Implementation Entity (OBIE) with a "future entity" as the latter completes its mission to implement open banking standards.

March 28, 2022

Big Changes For Bigtech: Council And Commission Reach Agreement On Digital Markets Act

The Council of the EU and the European Parliament have reached a provisional political agreement on the Digital Markets Act, and final technical work will make it possible to finalise the text in the coming days.

March 28, 2022

Despite Shortlist, Chicago Casino Still Years From Opening

Chicago Mayor Lori Lightfoot surprised almost no one last week by announcing the three finalists to develop and operate a $2bn state-of-the-art casino in the third most populous city in the United States.

March 28, 2022

Star Entertainment Probe Claims CEO Matt Bekier

The CEO and managing director of Australian casino operator Star Entertainment Group has submitted his resignation over company compliance failures exposed during an ongoing New South Wales state government regulatory review.

March 28, 2022

Camelot To Appeal Lottery Licence Decision In High Court

Camelot is reportedly set to launch a High Court challenge over claims the UK's gambling regulator broke the law when it changed the scoring system in deciding who should win the new National Lottery licence.

March 25, 2022

Lithuania Crypto Services Set For Increased AML Rules

The Ministry of Finance, together with financial regulators, has prepared amendments to the country’s anti-money laundering (AML) laws that are aimed at strengthening the operating conditions of crypto service providers.

March 25, 2022

Digital Yuan To Fill Gap Left By Alipay And WeChat Pay

Various features in the e-CNY app, the Chinese digital wallet used to promote the pilot version of the country’s central bank digital currency, are designed to go into places where existing Chinese payments giants struggle, experts say.