Insights Archive

April 20, 2022

News In Brief: April 19-April 22, 2022

FinCEN issues advice for U.S. banks to help identify kleptocracy and foreign public corruption.

April 20, 2022

Durbin Blasts Interchange Fee Hike

Senator Richard Durbin (D-IL) tells Visa and Mastercard to halt the planned increase of unregulated credit card fees as the change is set to take place.

April 20, 2022

SCA Implementation: What’s Expected from PSPs in the UK and EU?

Strong customer authentication (SCA) in the UK was expected to be implemented from March 14, 2022. This regulatory analysis focuses on the implementation and impact of SCA in the UK and the EU, as well as the UK Financial Conduct Authority’s (FCA) related expectations from payment service providers (PSPs).

April 20, 2022

Maine Grants Indian Tribes Exclusivity For Mobile Sports Betting

Maine’s four federally recognized Indian tribes will control mobile sports betting in the state under the terms of legislation backed by Governor Janet Mills and approved by both chambers of the legislature Tuesday night.

April 20, 2022

Wakayama’s IR Bid Near Collapse After Assembly ‘No’ Vote

The Wakayama Prefectural Assembly has voted down the city’s proposed integrated resort (IR) package, condemning the city’s bid to likely failure just eight days before Japan’s national application deadline.

April 20, 2022

Pennsylvania Grey-Market Games Debate Stalls, Lawsuit Claims Machines Illegally Targeted

In Pennsylvania, lawmakers remain far from reaching a consensus over how to handle thousands of “grey-market” machines, also known as skill-based games, which have appeared throughout the state and resemble slot machines but are unregulated.

April 20, 2022

Resilient Ukrainian Regulator Joins GREF

Ukraine’s gambling regulator is continuing to offer guidance and support to the industry despite the ongoing Russian invasion and has joined forces with its peers across the continent.

April 19, 2022

Cryptocurrency Markets Too ‘Illiquid’ To Support Mass Russian Sanctions Evasion, Says Study

A new report by Chainalysis, a crypto analytics firm, has cast doubt on the idea that Russian oligarchs could use cryptocurrency to evade sanctions and move wealth overseas en masse.

April 19, 2022

WhatsApp Pay To Double Indian User Base

India has granted WhatsApp Pay the permission to enrol 60m new users, a move that some believe has the potential to shake up the Indian payments landscape.

April 19, 2022

Are The UK’s Crypto Plans Really That Exciting?

Experts are divided on just how significant the UK’s new crypto plans are, after HM Treasury published its stablecoin consultation response earlier this month.

April 19, 2022

SCA Triggers £4.3m Daily Loss For UK Retailers

UK merchants have been hit by the new strong customer authentication (SCA) rules block on non-compliant online transactions.

April 19, 2022

U.S. Audience For Esports Not Minors, Executive Reminds Gaming Regulators

Nevada regulators are supportive of an effort by the gaming and video game industries to develop a viable esports wagering industry in the state, despite integrity risks to the sector, as interest in competitive video game competitions has increased over the last two years.

April 19, 2022

NFTs Plagued By Fraud But Could Still Help Affiliate Market, Experts Say

Non-fungible tokens and cryptocurrency markets are still beset by rampant fraud and wash trading, but gambling affiliates might still be able to cautiously integrate NFTs into their business plans, experts have said.

April 18, 2022

Sports Betting Bill Dies As Kentucky Legislature Adjourns

A bill to legalize sports betting in Kentucky, along with one measure banning grey-market machines, slots-like games that can be found in stores and bars state-wide, failed to pass during the final day of the General Assembly.

April 18, 2022

Churchill Downs Horseracing App Attracts Interest From New Hampshire Lottery, Attorney General

The ambiguity about whether federal law trumps state law is front and center in a festering dispute between the New Hampshire Lottery and Churchill Downs over the legality of its Twin Spires app, which offers pari-mutual horseracing wagers to state residents.

April 14, 2022

U.S. Affiliates Find Gamblers Eager For 'Fun' Bets

Affiliates have said they expect their role in the young U.S. sports-betting market to grow as fatigue over TV ads mounts.

April 14, 2022

Contactless Preference Keeps On Rising In The Netherlands

Dutch consumers are increasingly opting to pay contactless both with a debit card and with other methods, such as a mobile phone, according to new statistics released by the Dutch Payments Association.

April 14, 2022

US Private Sector Builds CBDC Prototype

A new private-sector initiative is aiming to build the industry’s first prototype to test the ability of the US market infrastructure to support a Fed-issued central bank digital currency (CBDC).

April 14, 2022

CFPB Cracks Down On TransUnion Dark Patterns

The US consumer watchdog is suing TransUnion, alleging the credit agency used deceitful digital dark patterns and violated consumer financial protection laws.

April 14, 2022

Out Of The Grey? Malta Works To Get Back To Normal

Malta made unfortunate history last year when it became the EU’s first nation to be put on the Financial Action Task Force’s greylist. However, experts predict that it may end up being a short stay.

April 14, 2022

News In Brief: April 11-April 15, 2022

UK Gambling Commission chief says that NFTs and crypto carry gambling risks without oversight, while China charges high ranking financial services regulator with corruption.