Archived Insights

The Model Money Transmission Modernization Act is a model act introducing a multistate supervisory system and harmonizes money transmitter licensing requirements and prudential standards across the United States. This model has made significant strides through state legislatures during the 2023 legislative sessions, and is expected to gain even more traction in 2024. This analysis will look at what the model law is, five of its key provisions, and the current status of its state-level adoption.

Amazon has cut short its partnership with Venmo, while the UK financial watchdog has begun consulting on new access to cash rules.

Sweden’s largest gambling trade group has made official its opposition to a planned tax increase, labelling it contradictory, as it publishes documents submitted to the government.

Malaysian billionaire Chen Lip Keong, founder and “senior CEO” of Phnom Penh casino monopoly holder NagaCorp, has died at the age of 75, with his top CEO post passing to son Chen Yiy Fon.

The acquisition of Nevada’s largest slot-route operator should be finalized by the end of the year, as regulators continue to welcome private-equity investments in the state’s gaming industry. as J&J Ventures Gaming is set to create a business of considerable size with its acquisition of Golden Entertainment’s distributed gaming routes.

After several weeks of limited access for Florida gamblers, the Seminole Tribe's Hard Rock International fully launched its mobile sports-betting app on Thursday, even as a pair of court challenges remain active in the state's Supreme Court and potentially in the U.S. Supreme Court.

Massive interest in Brazil licences, UK study recommends gambling treatment, a new chairman is elected at the American Gaming Association and Australia's Star Entertainment is warned it may be shut down over compliance travails.

Malta has submitted two separate notifications to the European Commission flagging what it considers to be a host of regulatory barriers that may be a “cause for concern” in Ireland’s Gambling Regulation Bill 2022.

A debut interview from Binance’s new CEO leaves more questions than answers, Coinbase continues to flatter UK regulators, and Colombia’s new President courts Bitcoin lobbyists.

A US regulator has provided new guidance for payment service providers (PSPs) who offer buy now, pay later (BNPL) loans, while the Singaporean watchdog has published a new consultation on its new information sharing platform.

Brazil’s Senate has again postponed voting on the sports betting and online gaming bill, raising questions if the bill will be signed by President Luiz Inácio Lula da Silva before the holiday recess that begins on December 22. 

The Crown Prosecution Service has ordered Entain to leave Mexico, Brazil, Chile and Peru within a year or lose the protections of its £600m deferred UK prosecution agreement, but the gambling giant retains some wiggle room.

Members of the European Parliament (MEPs) have made amendments to the Payment Services Regulation (PSR), which focus strongly on fraud liability.

X has announced that it now holds payment licences in ten US states, transfer service RationalFX has entered special administration, and two Australian regulators have agreed to closer ties on enforcement and information sharing.

The Australian parliament has passed a bill that will ban the use of credit cards and digital currencies for gambling, while an exemption for lotteries has raised hackles among activists and at the corporate bookmaker lobby.

New York regulators adopted new rules this week that may hamper lottery couriers in allowing players to automatically make deposits.

As California gaming regulators signed off on modifications to surveillance regulations for cardrooms, some in the industry argue the changes are heavier handed than jurisdictions that offer house-banked table games.

Georgian land-based operators fear that an incoming tax hike for both them and online operators will disproportionately hurt their businesses. 

As the EU’s Markets in Crypto-Assets (MiCA) regulation prepares to come into effect in 2024, a key architect of the legislation has thanked New York for providing inspiration.

Members of the European Parliament’s (MEPs) amendments to the Payment Services Directive (PSD3) have been made publicly available as political groupings in the Parliament prepare to make compromises.

BNP Paribas has invested in a new SEPA Request to Pay solution, central banks in India and the UK have agreed to cooperate on clearing activities, and Curve has launched a wearable payments technology campaign.