Insights Archive

September 11, 2023

Deconstructing MiCA (Part 2): The First Obligations in EU Regulators' Focus

This regulatory analysis will explore the first set of obligations that is subject to the European Union’s (EU) consultation package focusing on the Market in Crypto-Assets Regulation (MiCA). The analysis will examine key topics such as authorisation, complaints-handling requirements and assessment of proposed acquisition of qualifying holdings. This analysis is second in a series of pieces focused on MiCA.

September 11, 2023

Autumn Begins With Enforcement In Lithuania As More Payments Firms Fined

Summer is over and the Baltic regulator is back to business, fining two payments firms over regulatory failings.

September 11, 2023

Brazil Gambling Oversight May Move To Ministry Of Sport

There is a political battle for the proposed Brazilian National Gambling Secretariat, as it is being used as a bargaining chip and may be given to the Ministry of Sport.

September 8, 2023

Massachusetts Grants Short-Term Waivers For ID Verification Rules

The Massachusetts Gaming Commission granted another set of temporary waivers from its regulations on Thursday, this time dealing with age and identity verification requirements.

September 8, 2023

MGM CEO Confident UAE Resort Will Offer Casino Gaming

MGM Resorts International CEO Bill Hornbuckle is confident that a planned resort project within the United Arab Emirates (UAE) will eventually be licensed to offer casino gaming, as the company continues to move forward with opportunities in Japan and New York.

September 8, 2023

UK Gambling Commission Hits Back Over Affordability 'Myths'

With still six weeks to go before its consultation on financial risk checks draws to a close, the UK Gambling Commission has intervened to dispel various “myths” it says are recurring in the conversation around affordability.

September 8, 2023

France Predicts Massive Betting Surge For Rugby World Cup 2023

French people plan to bet on the upcoming Rugby World Cup in their droves, with 13 percent of the entire adult population predicted to gamble on the event.

September 8, 2023

Week In Crypto: No End In Sight For Binance Executive Exodus

Three Binance executives and one manager resign in one week, calls grow for regulators to move in on decentralised finance, and the IMF and FSB advise against banning crypto.

September 8, 2023

'Not Too Big To Play By Rules': Google Settles US In-App Purchase Suit

Google and a group of 50 attorneys general have settled "in principle" an antitrust lawsuit alleging that the bigtech giant abused its monopoly power over in-app payment processing.

September 8, 2023

Daily Dash: BaFin Comes Down Hard On E-Money Institution

The German Federal Financial Supervisory Authority has prohibited the electronic money institution Payone from carrying out transactions for certain customers, while Hyundai has launched an in-car payment service.

September 8, 2023

News In Brief: September 4-September 8, 2023

Kentucky launches retail sports betting and Irish regulator withheld €150,000 from National Lottery operator in 2022 for breaching its licence conditions.

September 7, 2023

How U.S. Leagues Won By Losing Supreme Court Case On Sports Betting

As the United States' most popular sport opens a new season on Thursday, the nation’s five major sports leagues appear to have actually won a landmark Supreme Court decision they lost five years ago.

September 7, 2023

Affordability Checks Only Mandatory Once Truly 'Frictionless', Vows Minister

The UK gambling minister has said that planned affordability checks will not be enforced industry-wide until the government is confident that they are truly frictionless for almost all gamblers.

September 7, 2023

Brazil Negotiations Heat Up As Sports-Betting Vote Imminent

The central figure in Brazil’s sports-betting legislation has confirmed that he is pursuing a lower tax rate for operators, as well as the possible inclusion of online casino games in a bill set to be voted on by the Chamber of Deputies early next week.

September 7, 2023

Visa Expands Stablecoin Settlement Capabilities To Merchant Acquirers

In another vote of confidence for the use of crypto and blockchain in payments, Visa has expanded its stablecoin settlement capabilities to merchant acquirers Worldpay and Nuvei.

September 7, 2023

UK Fintechs Respond To Government Consultation With Open Banking Wishlist

The Open Finance Association has urged the UK government to establish a long-needed dispute management system for open banking, address the high costs of low-value open banking payments and create a more sustainable commercial model for participants.

September 7, 2023

Is Europe On The Cusp Of Finally Embracing Request To Pay?

The messaging function has been talked about for years, but other priorities have put it on the back-burner. Now, a new service from Iberpay and a proof of concept from EBA Clearing hopes to capitalise on the EU’s incoming instant payments regulation.

September 7, 2023

India's Top Court Stays Block On Massive Online GST Bill

India’s Supreme Court has stayed a Karnataka state high court decision to block the central government from recovering $2.6bn in disputed goods and services tax (GST) payments from skill gaming company Gameskraft Technology.

September 7, 2023

Nevada Moves Forward With Eliminating Gaming Regulations

The Nevada Gaming Control Board on Wednesday granted preliminary approval to eliminate more than a dozen regulations that officials deemed obsolete early this year, in an effort to comply with a directive issued by Republican Governor Joe Lombardo.

September 6, 2023

Charitable Gaming Changes Planned For North Dakota, Minnesota

The rapid expansion of electronic pull-tab machines has raised concerns among lawmakers in several states over the future of charitable gaming and the need for additional regulations over how these devices operate.

September 6, 2023

Argentina's Córdoba Loses Half Of Its Licensees Amid Delays

Argentina’s Córdoba province has lost four of its eight online gambling licensees in the process of signing concession contracts, a process that has mysteriously taken nearly a year.