Insights Archive

October 3, 2024

Card Fraud Hits Fresh Highs In Australia Due To Offshore Fraudsters

Australians are facing a card fraud epidemic as overseas fraudsters continue to target the country, leading to significant losses for consumers.

October 3, 2024

Payment Groups Express Concern Over ECB Non-Bank Access Policy

Lobbyists representing the payments and fintech industries in the EU have urged the European Central Bank (ECB) to rethink its Eurosystem policy on access to payment systems for payments and e-money institutions.

October 3, 2024

Daily Dash: Barclays Clashes With Bank Of England On Retail CBDC

A new paper from Barclays has questioned the central bank’s motivations for potentially issuing a retail CBDC, while EU regulators have named a new head of oversight under the Digital Operational Resilience Act (DORA).

October 3, 2024

U.S. Appeals Court Permits Election Markets To Launch

A federal appeals court has upheld a lower ruling that effectively permits wagering on U.S. elections, including the presidential race.

October 2, 2024

Canadian Operators Push Back On National Ad Rules, Urge Fully Regulated Online Market

A senator’s efforts to establish a national framework for regulating the advertising of online gaming, including sports betting, was opposed Tuesday by the chief executive of the Canadian Gaming Association, who urged lawmakers to instead support a fully regulated industry.

October 2, 2024

Dutch Trade Group Warns On New Affordability Deposit Limits

New affordability-linked deposit limits took effect on Tuesday in the Netherlands, and a top online gambling group is warning that successive restrictions are boosting the attractiveness of the illegal market.

October 2, 2024

Brazil Casino Bill Unaffected By Online Gaming Drama, Insists Key Senator

The chief sponsor of a pending Senate bill to regulate land-based casinos and bingo halls insists that his proposal will be unaffected by the series of negative headlines now impeding online gaming in Brazil.

October 2, 2024

News In Brief: September 30-October 4, 2024

Michigan bills would earmark more money for problem gambling prevention, New York adds advertising restrictions, the NCAA considers athlete betting and Kenyan politicians are urged to pass new legislation.

October 2, 2024

Clean Sweep For Google Pay As Dutch Banking Apps Pull Out Of Mobile Payments

To the consternation of consumer watchdogs, Google’s takeover of the Dutch mobile payments market for Android users is now complete, following ING’s decision to withdraw its own mobile payments app.

October 2, 2024

Wero Says Bonjour As It Launches In France

The European Payments Initiative has officially launched its digital payment wallet, Wero, in France, following its launch in Germany during July.

October 2, 2024

EBA's Latest Q&As Offer Increased Clarity On PSD2 Implementation

The European Banking Authority (EBA) has published three new Q&As covering transaction risk analysis, inactivity periods and contingency mechanism exemptions in relation to the EU’s revised Payment Services Directive (PSD2).

October 2, 2024

Daily Dash: French Authorities Launch National Campaign To Combat Payment Fraud

France has introduced a nationwide campaign to alert the public to sophisticated fraud techniques, while the UK has outlawed targeting mainstream audiences with ads for certain types of crypto-asset products.

October 2, 2024

Brazil Publishes Whitelists Ahead Of Online Betting Blockade

Brazil’s gambling regulator has published the names of nearly 200 whitelisted betting sites that will not be subject to blocking during the final months of a transition period to a national licensing regime.

October 1, 2024

DraftKings To Pay $200,000 Penalty For SEC Violations

DraftKings has agreed to pay a $200,000 penalty to settle charges from the U.S. Securities and Exchange Commission that it selectively disclosed non-public information via social media.

October 1, 2024

Argentine Inflation Squeezes Operators

Gambling operators are struggling with their operations in the wake of Argentina’s ever-present inflation problem.

October 1, 2024

Norwegian Regulator Fines Norsk Tipping NK4.5m For 'Serious System Failure'

The Norwegian gambling regulator has ordered exclusive rights holders Norsk Tipping to pay a fee of NK4.5m (€382,521) after mistakenly paying a player NK25m, well above the NK5m jackpot limit. Atle Hamar, director of the Norwegian Lottery Authority (NLA), called the mistaken payment a “serious breach" and a “serious system failure”.

October 1, 2024

Following In Australia's Footsteps, Canada Goes Cold On Retail CBDC

The Bank of Canada has announced that it will be "scaling down" its work on retail central bank digital currency (CBDC) while it attends to more pressing payment systems issues.

October 1, 2024

Daily Dash: India Contracted To Build 'UPI-Like' Payment System In Trinidad And Tobago

India has secured a new agreement to develop an instant payments system for Trinidad and Tobago, and has also attended the first meeting of a joint working group that aims to modernise the Philippines’ fintech sector.

October 1, 2024

International Card Schemes Chip Away At Danish Domestic Payment Method

A new report from the Danish competition regulator shows that Denmark’s Dankort solution is ceding its monopoly in the local payments market.

September 30, 2024

Canada Senate Debates National Regulations On Sports-Betting Advertising

Canadian lawmakers continue to hear testimony from responsible gambling advocates, broadcasters and the gaming industry as they consider the fate of federal regulation that would establish a national framework for regulating the promotion of sports betting.

September 30, 2024

Brazilian Court Case Seeks To Suspend Online Gambling Law

A leading business association has filed a petition with Brazil’s Supreme Court in an effort to overturn the landmark 2023 law that establishes a licensing regime for sports betting and online gaming.