Insights Archive

April 25, 2024

Daily Dash: RBI Shuts Down Major Indian Bank Due To 'Serious' Compliance Concerns

India’s central bank has issued a temporary shutdown order to one of the country’s ten largest credit card issuers, and the US Federal Trade Commission has finalised a new rule that will promote competition.

April 24, 2024

More Collaboration, Less Conflation Needed To Enhance U.S. Responsible Gambling Efforts

As gaming continues to expand across the U.S., the executive director of the newly formed Responsible Online Gaming Association believes there has been an increased emphasis on responsible gambling but a lack of collaboration between industry and experts.

April 24, 2024

888 Sets Aside £100m-Plus To Settle Player Refund Suits

888 Holdings said it has set aside £116m (€135m) to cover legal and regulatory matters in Austria and Germany, a step which demonstrates the cost to online gambling operators of a tide of lawsuits seeking player refunds.

April 24, 2024

Netherlands Report Details Curaçao Deadlines For Gambling Regulation

Dutch authorities have set a new deadline of June 30 for the Curaçao government to establish and publish the highly anticipated National Ordinance for Games of Chance (LOK).

April 24, 2024

European Parliament Adopts PSD3 And PSR

Members of the European Parliament have agreed on a version of the Payment Services Regulation (PSR) and the Payment Services Directive (PSD3).

April 24, 2024

Daily Dash: UAE Should Stay On High-Risk List, Say EU Lawmakers

European lawmakers have called for the UAE to remain on the EU’s list of high-risk jurisdictions, while Volt has launched its one-click solution for instant retail payments in Australia.

April 24, 2024

Payments Compliance Improving In Netherlands, Says Central Bank

The Dutch central bank has said that the country’s payments and e-money industry is showing signs of improvement when it comes to compliance obligations.

April 23, 2024

Caesars CEO Bearish On Commercial Opportunities In Texas, Florida, California

Despite sports betting's rapid rollout to 38 states and counting, the CEO of Caesars Entertainment believes the big prizes of Texas, Florida and California will remain a difficult, if not impossible, option for commercial gaming expansion.

April 23, 2024

Brazil Appoints Head Regulator Ahead Of Licensing Rollout

Lawyer Regis Dudena has been officially appointed as the secretary of Brazil's Prizes and Bets Secretariat to lead the government department responsible for introducing sports betting and online gambling regulations.

April 23, 2024

Main UK Gambling White Paper Proposals Implemented By Summer 2024, Says Government

The UK government will deliver the main proposals of its gambling white paper with the help of the Gambling Commission by Summer 2024.

April 23, 2024

Ukraine Trade Group Hits Back At Government's 'Arbitrary' Action Against Online Operators

A trade group has accused Ukrainian authorities of exerting political pressure to block bank accounts belonging to licensed online gambling operators after the government moved to introduce new restrictions.

April 23, 2024

Big Tech's UK Financial Datasets To Be Examined, Says FCA Chief

The UK Financial Conduct Authority (FCA) will look into big tech firms’ access to large financial datasets following a market consultation last year, chief executive Nikhil Rathi has said.

April 23, 2024

Apple's EU Commitments Don't Go Far Enough, Says ECB

Apple’s commitments on its near field communication software will not fully level the playing field for EU mobile payment services, the European Central Bank (ECB) has said.

April 23, 2024

Daily Dash: Commerzbank To Pay €1.75m Fine In Germany

Commerzbank has been fined in its home market due to "supervisory" failures, and Hong Kong has fined a commercial bank for failing to record the names of senders and receivers of wire transfers.

April 23, 2024

Star Entertainment Chair Relies On 'Heat Of The Moment' Defence

The chairman of The Star Entertainment Group has told the inquiry into its licence suitability in New South Wales state that internal messages undermining the regulator and its special manager for Star’s Sydney property were merely “heat of the moment comments”.

April 22, 2024

New York City Casinos A Threat To New Jersey, Northeast Gaming Markets

Executives with casinos in New Jersey are planning for the arrival of three new multibillion-dollar integrated resorts in New York City and their negative impact on an already crowded regional gaming market in the northeastern U.S.

April 22, 2024

South Africa Gambling Bills Receive Long-Awaited Updates As Elections Loom

After two years of drafting and consultations, the Remote Gambling Bill (B11-2024) was finally introduced to South Africa’s parliament by the main opposition party last week as the ruling ANC could lose its majority for the first time in 30 years in the upcoming election on May 29.

April 22, 2024

UK Open Banking Future Entity Takes Shape With New Consultation

The UK’s Joint Regulatory Oversight Committee has released its recommendations for the Open Banking Future Entity, including what its funding model should look like, and invited companies to submit comments by May 20.

April 22, 2024

Daily Dash: FCA Wins Praise For Metrics On Growth, Competitiveness

A new report has found that UK regulators are leading the world on driving growth and competitiveness, while EU regulators have opened a new consultation on technical standards for the Digital Operational Resilience Act (DORA).

April 22, 2024

UK Open Banking Will Move On From CMA Regime, OBL Chief Says

Updates to the UK’s open banking system are “right around the corner” and will entail a move away from the retail banking standards set out by the Competition and Markets Authority in 2016, Open Banking Limited (OBL) chief Henk Van Hulle has said.

April 22, 2024

Industry Reacts To Biggest Betting Scandal Of Post-PASPA Era

In the wake of the most prominent sports integrity scandal in the U.S. since 2018, industry executives and regulatory officials agree that continuing to bolster integrity monitoring in the regulated market is key to preventing future scandals.