Insights Archive

July 5, 2024

Tougher Online Regulation In Force In Australia's Northern Territory

New gambling legislation is in force in the Northern Territory, Australia’s online gambling regulatory hub, which increases penalties, toughens licensing criteria and forms a new regulator.

July 4, 2024

Brazil Judge Orders Unlicensed Rio Operators To Account For Lack Of Authorisation

A Brazilian court has ordered the National Telecommunications Agency (ANATEL) to ask sports betting and online casino operators not licensed by the Rio de Janeiro Lottery to account for their operations in the state.

July 4, 2024

Interim Report Suggests More German Ad Restrictions Coming

An interim report on Germany’s 2021 interstate gambling treaty suggests that further advertising and sponsorship restrictions may be coming, an attorney has said.

July 4, 2024

Finland's Draft Licensing Law Does Not Include Cooling-Off Period

Finland’s new draft law does not include a cooling-off period but “past infringements will lead to the rejection of licence applications”, according to a local legal advisor.

July 4, 2024

New Singapore AML Bill To Assist Law Enforcement In Transnational Cases

Singapore’s Ministry of Home Affairs has introduced new legislation that aims to help local law enforcement pursue money laundering cases that originate from overseas criminal activity.

July 4, 2024

EBA Clarifies Transaction Fees And Payee-Initiated Transactions Under PSD2

The European Banking Authority (EBA) has released new clarifications regarding two aspects of the revised Payment Services Directive (PSD2), addressing transaction fees' accessibility and the availability of payee-initiated transactions through dedicated application programming interfaces (APIs).

July 4, 2024

EPI's Plans Take Shape As It Launches Wallet Solution Wero

The European Payments Initiative (EPI), the EU’s long-desired payments champion, has announced the launch of its new instant account-to-account payment solution, Wero, in Germany.

July 4, 2024

Daily Dash: New Zealand Consults On Proposed Agreement To Develop Open Banking

New Zealand’s open banking framework is taking shape under a new proposal from the Commerce Commission, while Lithuania has fined a former board member of global payments firm Majestic Financial.

July 4, 2024

Vanuatu Launches Upgraded Online Gambling Regime

Vanuatu is the latest remote jurisdiction to pitch a revised regulatory framework to online gambling operators amid global offshore licensing turbulence.

July 3, 2024

Questions Linger For Canadian Gaming Expansion Beyond Ontario, Alberta

With one province embracing a privatized online gaming model, and another soon to follow, the question for many becomes if and when the rest of Canada will follow suit.

July 3, 2024

Gibraltar Regulator Gains Powers Under New Regime

Gibraltar’s planned gambling law update would regulate individuals and give the Gambling Commissioner new powers to fine licensees for violations.

July 3, 2024

Spain Loot Box Changes Will Not Regulate Most In-Game Purchases, Warns Academic

Spain’s loot box rule changes designed to protect minors will allow most types of in-game purchases to remain unregulated, according to an academic researcher of video game law.

July 3, 2024

Regulatory Influencer: Singapore's New Anti-Money Laundering Bill Enters Parliament and Other Reforms

The Singaporean government has tabled its new Anti-Money Laundering Bill in parliament for its first reading as part of its ongoing reforms of AML regulation.

July 3, 2024

India Links Up With ASEAN On Instant Cross-Border Payments Platform

India has become the first non-ASEAN country to join the latest phase of Project Nexus, a multilateral effort to deliver instant cross-border payments by interlinking domestic payment systems.

July 3, 2024

EBA Clarifies DORA's Applicability To Third-Country Branches In The EU

In its first Q&A on the Digital Operational Resilience Act (DORA), the European Banking Authority (EBA) has made clear that third-country branches of credit institutions are not covered by the regulation.

July 3, 2024

Daily Dash: UK's Open Banking Limited Announces Major Update With Standard v4.0

The fourth and latest version of the UK’s Open Banking Standard has been released, and a new instant payments system has launched in Kuwait after receiving central bank approval.

July 3, 2024

Finland Publishes Law To Open Market In 2027

Finland’s Ministry of the Interior has sent its much-anticipated draft proposal to license betting, online slot machines and casino games to the government, proposing that licensees could operate from the beginning of 2027.

July 2, 2024

U.S. Federal Budget Bill Includes Raising Tax Threshold On Slot Jackpots

A report accompanying an appropriations bill in the U.S. Congress includes language directing the Internal Revenue Service to increase the threshold for reporting slot machine winnings to the taxman from $1,200 to $5,000.

July 2, 2024

UK Gambling Ads Remain Deeply Unpopular

GambleAware is calling on the UK government to more strictly regulate gambling advertising after new research showed that gambling ads are still deeply unpopular with the general public.

July 2, 2024

Bank Of Lithuania Warns Of Increased Risk As Payments Sector Assets Grow

In a new bulletin, the Lithuanian regulator has said it is seeking to mature the growing fintech hub it has come to supervise, while addressing operational risks and compliance setbacks.

July 2, 2024

Wells Fargo/Bilt Drama Shows Fragility Of US Credit Card Reward Schemes

Questions over the future of a partnership between Wells Fargo and Bilt have drawn attention to the viability of US credit card rewards, at a time when the sector is facing increased political scrutiny.