Insights Archive

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.

September 6, 2023

Cyprus Reveals Public Health Approach To Gambling Regulation

The government of Cyprus and the National Betting Authority have said they want to force gambling operators to share their data with academics and treatment specialists as they touted a renewed focus on safer gambling.

September 6, 2023

UK FCA Launches Review Of Treatment Of Politically Exposed Persons

The Financial Conduct Authority (FCA) has opened a new review into the treatment of politically exposed persons (PEPs), amid growing concerns of unnecessary account closures by financial service providers.

September 6, 2023

PayPal Stablecoin Yet Another Reason For Digital Euro, Says ECB

A member of the European Central Bank’s (ECB) executive board has said that private stablecoins, such as the one launched by PayPal last month, strengthen the case for a digital euro.

September 6, 2023

Argentine QR Code Interoperability Rule Delayed Due To 'Operational Issues'

The Central Bank of Argentina has postponed the implementation of a new rule that will require merchants to accept QR code payments from digital wallets developed by rival payment firms.

September 5, 2023

Chile Orders Football Association To Terminate Betting Contracts

In a shock move, Chile’s Ministry of Justice and Human Rights has issued a decision ordering the National Association of Professional Football (ANFP) to end all commercial relationships with online betting operators in the next 30 days, singling out a partnership with operator Betsson.

September 5, 2023

Oklahoma Governor's Opposition To Compacts A Roadblock To Sports Betting

Animosity between Oklahoma tribes and Republican Governor Kevin Stitt over issues related to the economic stability of tribes continues to delay any movement to come to an agreement to legalize sports betting in the state.

September 5, 2023

Virginia Penalizes Betr Over Failure To Disclose Jake Paul SEC Investigation

The Virginia Lottery has released settlement agreements with Betr and PointsBet over self-reported violations of state gaming regulations.

September 5, 2023

US States Consider Surcharge Disclosures Amid Rising Cost Of Living

New Jersey has capped credit card surcharges, while several US states are mulling bills to ensure transparency and fairness in how merchants pass on the costs of credit card processing.

September 5, 2023

US Payment Firm Accuses FIS/Worldpay Of Corporate Catch And Kill

A US cannabis payment processor has accused Fidelity National Information Services (FIS) of exploiting their partnership to destroy its business and make room for FIS’ own payment processing arm.