Insights Archive

July 11, 2023

PSR Takes First Step In Implementing New APP Scam Rules

The UK Payment Systems Regulator (PSR) has published its consultation on two of its draft directions, which are the legal means to put its new authorised push payments (APP) scam reimbursement requirements in place.

July 11, 2023

First US Laws Regulating Earned Wage Access Get Passed

Nevada and Missouri have become the first US states to create a legal framework for earned wage access products as regulatory interest is heating up.

July 11, 2023

India Would Allow Customers To Choose Card Network

The Reserve Bank of India is considering a rule that would require banks and non-banks to issue cards with multiple card networks and allow their customers to choose which badge they want on their card.

July 11, 2023

Irish Lawmaker Demands Gambling Ad Ban Ahead Of Key Debate

An Irish senator has called on the government to “take a brave stance” and introduce an outright ban on gambling advertising.

July 11, 2023

Kentucky On Fast Track For September Sports-Betting Launch

Kentucky has less than two months to license operators and make other final preparations for the launch of retail sportsbooks at the state’s nine racetracks and gaming facilities under emergency regulations crafted by the state’s racing commission.

July 11, 2023

UK Regulator Set To Start White Paper Consultations

The UK Gambling Commission will begin its series of consultations relating to the April gambling white paper with four this month, including one on affordability checks.

July 11, 2023

Chilean Casinos Lobby Consumer Protection Agency Over Complaints Against Online Operators

The Chilean Association of Casinos has met with the country's National Consumer Service to discuss increasing consumer protection measures in the wake of complaints filed against online betting platforms.

July 10, 2023

Impact Index June 2023

VIXIO’s impact index rose 15 points in June from the revised May figure of 104 to 119, above the 2022 baseline and 2 points higher than June 2022.

July 10, 2023

Card Schemes Feature As EU Looks For Help Investigating Online Payments

The European Commission’s influential directorate-general for competition (DG COMP) has released a procurement contract for an online payments market study just days after new payments legislation was proposed.

July 10, 2023

It’s Been A Bad Year For Crypto Registration Attempts, Says UK’s FCA

New data from the UK Financial Conduct Authority (FCA) has shown that, despite the regulator’s best efforts, the success rate of attempted registrations from crypto-asset firms is still extremely low.

July 10, 2023

Gaming Regulators Urged To Adopt AI Rules Or Fall Behind Other Industries

As artificial intelligence infiltrates almost every aspect of business, it has long played a significant role in the gaming industry with low-level AI monitoring player data, enhancing responsible gambling programs and identifying fraudulent activities.

July 10, 2023

Deloitte Warns Of Disaster If India Tax Rate Targets Online Volume

A Deloitte analysis released on the eve of a major goods and services tax (GST) determination for the Indian online gaming industry has warned a maximum tax on gaming volume will trigger industry “degrowth” and cripple large and small operators.

July 10, 2023

Gambling Advertising Falls Across Europe

Spending on gambling advertising is decreasing across Northern Europe, even in markets without tough new rules on marketing.

July 7, 2023

Week In Crypto: Get Ready For Regulated Promotions Compliance, Says UK’s FCA

The UK’s financial regulator reminds crypto-asset firms that unregulated promotions are coming to an end, Denmark penalises a bank for trading in crypto and Thailand moves to ban crypto staking.

July 7, 2023

Sweden Will Fine Payments Provider For Enabling Unlicensed Gambling

The Swedish Gambling Authority has ordered Stockholm-based fintech company Zimpler to stop enabling transactions with unlicensed gambling operators or face a 25m Swedish krona (€2.1m) fine.

July 7, 2023

Daily Dash: Worldpay Sold To Private Equity

Worldpay has been sold to private equity funds managed by a US firm, Synch has been told that it needs to be approved under EU laws before it launches, and Spotify to no longer allow in-app payments via Apple’s App Store.

July 7, 2023

Dutch Regulator Lines Up New Enforcement Targets

The Netherlands Gambling Authority (KSA) is investigating four websites that promote unlicensed gambling and information on how to circumvent the national self-exclusion register (Cruks).

July 7, 2023

Maryland To Study iGaming's Opportunities, Impact On Industry

Although efforts to legalize internet gaming came up short this year, supporters were able to add a requirement to the state’s fiscal year 2024 budget law that the Maryland Lottery and Gaming Control Agency submit a detailed report on the issue to the General Assembly before next year's legislative session.

July 7, 2023

News In Brief: July 3-July 7, 2023

Debate around tribal exclusivity over sports betting in Washington state is set to continue in court.

July 6, 2023

Singapore Moves Ahead With New Digital Asset Custody, Segregation Proposals

Singapore’s central bank has published its response to consultation feedback on new proposals for digital asset custody and segregation rules, following in the footsteps of other regulators globally.

July 6, 2023

City Minister Writes To FCA Over Bank Accounts Being Shut Down

UK Treasury minister Andrew Griffith has urged the UK’s City watchdog to probe whether banks are terminating relationships with clients based solely on whether they are politically exposed persons (PEPs).