Insights Archive

October 12, 2021

UK Gambling Regulator Warns On Unlicensed Fantasy Football Site

The UK Gambling Commission has warned consumers that football-themed website Sorare.com is operating outside its jurisdiction, a warning that follows criticism of the regulator for acting slowly on Football Index, which collapsed earlier this year.

October 11, 2021

FCA Official Hints At Fresh BNPL Regulation

Buy now, pay later (BNPL) products offer better opportunities to consumers, but the risks of potential harm need to be monitored, a senior official at the UK’s Financial Conduct Authority (FCA) has said.

October 11, 2021

Stablecoin Regimes Risk Spurring Regulatory Arbitrage, Warns FSB

The different approaches being taken towards the Financial Stability Board’s stablecoin recommendations could have negative consequences for financial markets, the standard-setting body has warned.

October 11, 2021

U.S. Operators Cautious On Crypto But Embracing Cashless Payments

The CEOs of two of the world’s most powerful casino companies responded with caution when a keynote panel at last week's Global Gaming Expo (G2E) turned to cryptocurrencies.

October 11, 2021

Fedwire To Adopt ISO 20022 By 2023, But Are Banks Ready?

The Federal Reserve has announced the adoption of ISO 20022 messaging standard as part of its payments modernization effort but mid-tier banks may be struggling with migration by the planned 2023 deadline.

October 11, 2021

Thailand Requires Risk-Based Approach To Merchant Monitoring

New Bank of Thailand guidelines require payment providers to apply a risk-based approach in their relationships with merchants.

October 11, 2021

BetIndex Used Client Cash To Expand Despite Collapse, Probe Finds

The owners of Football Index transferred £15m ($20m) of customers’ money to a connected company even as it was collapsing in the UK in a bid to launch similar games around the world, according to a sports website investigation.

October 11, 2021

Star Entertainment Accused Of Enabling Crime, Shares Plunge

Australia’s gambling industry has suffered a new, heavy blow with media reports that The Star Entertainment Group’s casinos allegedly enabled years of money laundering, fraud, organised crime activity and political foreign interference.

October 11, 2021

Las Vegas Gambling Think Tank Broadens Global Footprint

As Singapore’s Ministry of Home Affairs continues to revamp the country’s gambling regulatory framework, a think tank at the University of Nevada at Las Vegas is providing guidance on how to make a successful transition.

October 11, 2021

U.S. Operators Cautious On Crypto But Embracing Cashless Payments

The CEOs of two of the world’s most powerful casino companies responded with caution when a keynote panel at last week's Global Gaming Expo (G2E) turned to cryptocurrencies.

October 8, 2021

ICO Stresses High Data Protection Standards In Post-Brexit Consultation Response

The devil will be in the detail of the government’s data protection reforms, the Information Commissioner’s Office (ICO) has said in response to the UK government’s push to overhaul the 2018 Data Protection Act.

October 8, 2021

Week In Brief - October 8, 2021

A short roundup of some of the week's payments news you may have missed.

October 8, 2021

NatWest Makes History In Landmark Money Laundering Prosecution

National Westminster Bank (NatWest) has become the first bank to be prosecuted by the UK’s Financial Conduct Authority for failing to comply with anti-money laundering rules.

October 8, 2021

UK Data Regulator Gives Thumbs Up To Single Customer View

UK gambling operators sharing customer data to help cut problem gambling would probably be legal, according to a new report.

October 8, 2021

Irish Opposition Proposes Credit Card Gambling Ban

A new bill in Ireland that would ban the use of credit cards to gamble has been called a “no brainer” as it cleared its first hurdle without any opposition.

October 8, 2021

Tight Race In Election To Allow Sports Betting On New Jersey Colleges

Recent polling indicates trouble for a November 2 referendum to allow betting on college games in New Jersey.

October 8, 2021

News In Brief: October 4-October 8, 2021

The Malta Gaming Authority has updated its rules and regulations surrounding match-fixing and suspicious betting events.

October 7, 2021

South-East Asia - A Hot and Fast-Growing Payments Region

As historically popular Asian markets are becoming less supportive towards innovation, South-East Asian countries are emerging as a rapidly growing market with plenty of opportunities.

October 7, 2021

PSR May Still Intervene Over Merchant Fees Despite New Guidance

The UK's Payment Systems Regulator (PSR) has hinted that it may still intervene over merchant rates as responses to its new guidance on interchange regulation highlight rising fees as a result of Brexit.

October 7, 2021

International Regulators Launch New Stablecoin Consultation

Stablecoins should observe international standards for payment, clearing and settlement systems, the Committee on Payments and Market Infrastructure and the International Organisation of Securities Commissions have clarified in a new consultation.

October 7, 2021

PGA Tour Seeks Market-Access Expansion Beyond Arizona

Arizona’s new regulatory framework, which grants professional sports organizations similar control over sports-betting market access as casinos, should be a model for other states to follow, according to a senior executive with golf’s PGA Tour.