Insights Archive

November 7, 2023

'Unprecedented' Colombia Ad Cap Creates Concern

New restrictions to cap the advertising spend of online operators in Colombia threaten to set a bad precedent for a regional leader in regulation, according to legal experts.

November 7, 2023

Polish Health Agency Proposes Raising Gambling Age

A state-run Polish addiction charity is pushing the incoming national government to increase the minimum gambling age to 21 and introduce Finnish-style gambling limits, among a host of other changes.

November 7, 2023

Swedish Regulator At Odds With Trade Groups Over Credit Card Ban

The Swedish Gambling Authority has urged an inquiry to “reconsider” its stance on not banning credit cards from gambling.

November 7, 2023

FCA ‘Disappointed’ In Firms' Approach To APP Fraud

Poor customer service and corporate governance has meant that payment service providers’ approach to fraud is falling short, the UK regulator has warned, noting that this goes against the principles of the flagship Consumer Duty.

November 7, 2023

Zero To Wero: What Does The Future Hold For The EPI?

The once-struggling European Payments Initiative (EPI) appears to be having a second coming, but can it realistically take on competitors, such as Visa and Mastercard, and work alongside the digital euro?

November 7, 2023

Labour Party Pressures UK Government For BNPL Rules

The opposition Labour Party has called on the UK government to implement a regulatory framework for buy now, pay later (BNPL) products.

November 7, 2023

Daily Dash: US Firm To Pay $18m For 'Deceptive' Marketing Practices

A US regulator has agreed to an $18m settlement with Brigit over its "deceptive" marketing practices, and Afterpay has expanded its subscription-based BNPL service to Australia.

November 6, 2023

Latin America's Regulatory Wave Reaching New Shores

Licensing of online gambling continues to spread across Latin America, with Peru and potentially Chile and Ecuador set to join Colombia and various provinces of Argentina in the regulatory clubhouse in 2024.

November 6, 2023

Oklahoma Tribes Angered By Governor's Sports-Betting Proposal

Governor Kevin Stitt has released his proposal to make sports betting a reality next year in Oklahoma, but the move has caught tribal leaders by surprise.

November 6, 2023

Colombia Lays Out Rules For Pix-Style System

The Colombian central bank has set out new regulations and standards governing the country’s new low-value instant payment system inspired by Brazil’s Pix.

November 6, 2023

Daily Dash: US Fed Announces All-Clear After ACH Bug Crashes Salary Payments

The US Federal Reserve has given the all-clear after a data error cancelled payday for many Americans, GoCardless has found that merchants want to cut costs by reducing PSPs, and Russia’s Mir card system has been hacked by Ukrainians.

November 6, 2023

SEC Subpoena Over PayPal Stablecoin Leaves Crypto Observers Confused

In the fine print of its Q3 earnings, PayPal revealed that it has received a subpoena from the US Securities and Exchange Commission (SEC) regarding its newly-launched stablecoin.

November 6, 2023

EU Payments Proposal Contradicts Open Finance Framework And Data Act, Banking Groups Warn

Allowing free access for third-party providers distorts a level playing field and goes against other legislation, banking groups have warned regarding the EU’s Payment Services Regulation.

November 6, 2023

Crypto Reckoning Incoming After Bankman-Fried Found Guilty On All Counts

A New York jury has found Sam Bankman-Fried guilty of conducting one of the "biggest financial frauds" in US history, in a "pivotal" case for the crypto industry.

November 6, 2023

Lobbying Frenzy Set To Start In Finland

Key stakeholders in upcoming Finnish gambling reforms are preparing for a meeting later this month with officials drafting a new law, with topics such as marketing restrictions and cooling-off periods on the agenda.

November 6, 2023

Georgia Will Hike Online Taxes In 2024

Irakli Garibashvili, the Prime Minister of the Republic of Georgia, has announced government plans to increase gross gaming revenue tax for online casino and betting operators from 10 percent to 15 percent starting from January 2024.

November 3, 2023

Penn Entertainment Sets ESPN BET Launch Date

Penn Entertainment will launch its much-anticipated ESPN BET platform on November 14 across the 17 states in which the company offers online sports betting.

November 3, 2023

Skill Games Create Regulatory, Consumer Confusion In Key U.S. Gaming States

Unregulated skill-game machines are competing with legal gambling operations in several U.S. states, reducing state tax revenue from licensed gambling.

November 3, 2023

Uruguay To Propose Limiting Casino Hours, As Online Regulation Stalls

A Uruguayan deputy has announced that he will present a bill next week in the Chamber of Deputies to address gambling addiction by limiting casino operating hours and removing cash machines from premises.

November 3, 2023

News In Brief: October 30-November 3, 2023

Dubai officials have reportedly delayed the approval of casinos and the Culinary Union has set a strike deadline for Las Vegas workers.

November 3, 2023

Swedish Suppliers Brace For Compliance Test

Newly-licensed suppliers in the Swedish market have been warned that the regulator is preparing to enforce against those who continue to supply the black market, but doubts remain about the effectiveness of the policy.