Insights Archive

October 3, 2023

EU Regulators Publish 'Criticality' Criteria For DORA, MiCA Implementation

A group of EU regulators has published consultation responses on key definitions that will soon be added to major legislation concerning digital resilience and crypto-assets.

October 3, 2023

EBA Publishes Latest PSD2 Q&As

The European Banking Authority (EBA) has published another series of Q&As, with further clarifications on strong customer authentication (SCA) and other rules.

October 3, 2023

US Top Court Revives Debit Card Fee Challenge

The Supreme Court of the US has agreed to hear a case challenging the debit card interchange fee cap set by the Federal Reserve.

October 3, 2023

Daily Dash: Revolut Faces UK Probe Over Suspicious Transactions

Revolut is reportedly in talks with a UK regulator over compliance failures, and Apple is struggling to overturn a €50m fine imposed in the Netherlands for its previous monopoly on in-app payments.

October 2, 2023

Florida Supreme Court Seeks DeSantis' Opinion On Sports Betting

Even though they are running out of options after yet another defeat last week in a federal appeals court in Washington, D.C., opponents of mobile sports betting in Florida continue to pursue Hail Mary efforts in the U.S. Supreme Court and its state-level equivalent.

October 2, 2023

NFL Modifies Gambling Policy With Tougher Ban For Betting On Own Team

The National Football League (NFL) has changed course on its often-criticized policy regarding player punishments for gambling infractions, toughening penalties on players found to bet on their own team while softening those for wagering on other sports.

October 2, 2023

Nigeria's Government Eyes 'Huge Sums' Of Lost Gambling Tax Revenue

Nigeria’s government has pledged to “tackle” a host of challenges facing the federal gambling regulator, including introducing a long-awaited central monitoring system “as soon as possible”.

October 2, 2023

Daily Dash: Apple Set For New Apple Pay Antitrust Case

Apple is expected to face an antitrust class action lawsuit related to iPhone near-field communication technology, a UK regulator has set out its financial inclusion ambitions, and Mastercard fingerprint payments have gone live with Mercedes pay+.

October 2, 2023

Tensions Surface As MEPs Lobby ECB For Digital Euro Delay

Members of the European Parliament have called on the European Central Bank (ECB) to delay the “realisation” phase of the digital euro until the EU’s legislative package for it has been approved.

October 2, 2023

PSD3 Update: MEPs Assigned Key Payments Legislation Roles

Marek Belka has been made rapporteur for the EU’s new payments legislation, while instant payment rapporteur Michiel Hoogeveen will take the lead on the open finance framework.

October 2, 2023

German Regulator Consults On 'Welcome' Payments Institution Guidance

Germany’s Federal Financial Supervisory Authority (BaFin) is consulting on its first-ever guidance for payments and e-money institutions, with a focus on risk management.

October 2, 2023

India Suspends Online Self-Regulation As Tax Attack Mounts

India has dealt a new blow to the online gaming industry by suspending its industry self-regulation initiative mere months after announcing it, amid disagreement between government departments over industry policy.

October 2, 2023

Bidding War For One Of Italy's Biggest Operators

Flutter Entertainment and Playtech, which trades under the consumer-facing brand Snaitech, have reportedly lodged separate bids to acquire PlanetWin's parent company, SKS365.

September 29, 2023

Chile Commission Approves 12-Month Blackout For Offshore Operators

The economy commission in Chile’s Chamber of Deputies has approved legislative provisions that would prevent grey-market operators from applying for an online licence for 12 months, although members will vote next week on a transition article that will provide a way for said operators to be licensed without waiting.

September 29, 2023

MGM, Caesars Cyberattacks Alert Regulators To Cyber Risk

The cyberattack that crippled MGM Resorts International’s casino systems in eight states this month has helped spur commercial and tribal gaming regulators to identify cyber vulnerabilities in the casino industry.

September 29, 2023

News In Brief: September 25-September 29, 2023

MGM Resorts can finally proceed with construction of its Osaka integrated resort (IR) after completing formalities with Osaka’s two governments.

September 29, 2023

Week In Crypto: Binance Sells Russian Business To Unknown Company

Binance offloads its Russian business, Tether admits to issuing unbacked stablecoins, and a US regulator sanctions an Ethereum wallet linked to a Mexican drug cartel.

September 29, 2023

Apple Quietly Launches Open Banking Feature In UK

The bigtech company will now allow users to view their bank balances in their Apple Wallet — a move payments insiders have welcomed.

September 29, 2023

PSR Says APP Fraud Rules Should Apply To PSPs

The UK Payment Systems Regulator (PSR) has proposed that its incoming authorised push payments (APP) fraud reimbursement rules should apply to payment service providers (PSPs).

September 29, 2023

Daily Dash: ECB Hints At ChatGPT Adoption

The European Central Bank (ECB) has identified use cases for AI in its operations, Indonesia has banned e-commerce transactions on social media platforms, and Tempo France has launched a new blockchain-based remittance between the EU and Brazil.

September 29, 2023

Dutch Government Adviser Backs Central Loss Limit Database

An addictions advisor to the Dutch government has recommended the Netherlands consider a central database to enforce mandatory loss limits across the entire gambling market.