Insights Archive

April 12, 2022

Citing Gambling Addiction, Louisiana State Senator Abruptly Resigns

Facing a federal probe into her financial transactions, the Louisiana state senator who blocked the reappointment of the state's chief gambling regulator suddenly announced her resignation on Friday because of a gambling addiction.

April 11, 2022

ISO 20022 To Spearhead New Era In Payments, Experts Say

With the deadline approaching to adhere to the new global standard for payments messaging, stakeholders have been clear that the industry needs to consider ISO 20022 as a way of enhancing innovation, rather than a new compliance requirement.

April 11, 2022

Janet Yellen’s Five Lessons For A Digital Asset Future

Responsible innovation and the need for US leadership in the crypto space have been the key messages in the Treasury Secretary’s first speech on digital assets.

April 11, 2022

Russian Sanctions Propel Global Regulatory Events To Post-COVID High, VIXIO Finds

Regulatory events affecting the payments industry hit a record single-month high in March 2022, following the Russian invasion of Ukraine. New data from VIXIO’s Global Regulatory Impact Index shows that regulatory events exploded in the weeks following the invasion on February 24.<br />

April 11, 2022

Dutch Agree On New Access To Cash Commitments

Some 23 organisations across the Netherlands’ payments ecosystem have agreed on a set of principles to ensure cash use remains possible in the face of ever-growing digitisation.

April 11, 2022

New York City Casino Licenses To Come With $500m Price Tag

Prospective casino licensees in downstate New York will have to pay at least $500m in upfront license fees under the terms of a budget deal pending the governor’s signature.

April 11, 2022

Nervy Weeks Ahead For Would-Be Dutch Licensees

At least 30 operators are hoping to join the Dutch online gambling market in the coming weeks, as numerous cooling-off periods end, but the regulator has warned as many as two thirds could be rejected.

April 11, 2022

Effort To Legalize Sports Betting In Kentucky Nears Deadline

Wagering on horse races has been legal in Kentucky for a long time, but the latest effort to legalize and regulate sports betting in the Bluegrass State is facing strong opposition from rural politicians as lawmakers wrap up this year’s legislative session.

April 8, 2022

Ukraine Calls On GREF, IAGR Members For Support

Ukraine’s Gambling and Lottery Regulatory Commission (KRAIL) has appealed to its fellow gambling regulators to step up their support for the country in the wake of Russia’s invasion.

April 8, 2022

Singapore’s Trade Minister Sets Record Straight On BNPL Risks

In a busy week for Singaporean financial regulation, the government has played down the impact of buy now, pay later (BNPL) schemes, although warned they are keeping a close eye.

April 8, 2022

FCA’s New Three-Year Strategy Targets Fraud, Sanctions Evasion And Money Laundering

Resources at the UK's Financial Conduct Authority (FCA) are to be focused on preventing serious harm, setting higher standards and promoting competition, with 80 new roles created to shut down problem firms.

April 8, 2022

Gemini, Checkout.com: Crypto Adoption On Rise Among Merchants, Consumers

Crypto adoption is on the rise among both merchants and consumers, according to new research from two leading firms working in the crypto space.

April 8, 2022

U.S. Big Banks Launch ’Authentify’ ID Verification Service

Early Warning, owned by seven large U.S. banks, has rolled out Authentify, a new identity verification service for consumers and businesses.

April 8, 2022

News In Brief: April 4-April 8, 2022

The EBA has launched a new risk dashboard to help highlight bank exposure across member states and U.S. instant payment services RTP has its maximum payment limit raised to $1m.

April 8, 2022

Meghalaya Flags Development Of Integrated Resorts

India’s Meghalaya state is looking to expand its gaming industry from an incipient online gaming market to one that includes integrated resorts, according to a senior government minister.

April 8, 2022

New York Budget Agreement Includes Accelerated Casino Licenses

New York’s state budget will include the earlier implementation of three downstate casino licenses, setting the stage for full casino gaming in the largest city in the United States.

April 8, 2022

Potential William Hill Fine Earns 888 A Cut In Purchase Price

The tough UK regulatory regime is directly affecting mergers and acquisitions, as 888 has been able to negotiate a discount purchase price for William Hill’s European holdings due to a changed “macroeconomic and regulatory environment”, which apparently includes a feared multi-million pound fine.

April 8, 2022

News In Brief: April 4-April 8, 2022

The inquiry into Australia's Star Entertainment has claimed another executive scalp after admissions of "unethical" emails.

April 7, 2022

Ghana Advances Plans To Digitise Gambling

Ghana's Gaming Commission has seized more than 500 illegal analogue slot machines, as the country continues to push towards a more digital economy.

April 7, 2022

GDPR Enforcement Comes For Banks (And Fintechs, Too)

As regulators announce multiple data protection fines across the EU, many financial institutions across the continent may be wondering, could we be next?

April 7, 2022

G7, EU Announce Fresh Sanctions Against Russia

Russia is facing a new round of sanctions from the EU, UK and the United States, including import and export bans and full transaction bans on key Russian banks.