Insights Archive

March 26, 2024

Expect No Sympathy From FCA On Wind-Down Plans

Wind-down requirements are front and centre of expectations for payments firms and e-money institutions operating in the UK, as the Financial Conduct Authority (FCA) raises the regulatory bar and treats them increasingly like banks and other financial services companies.

March 26, 2024

UK's Mandatory Reimbursement Model 'Incentivises Crime', Says AusPayNet CEO

The UK is taking a dangerous gamble in its latest measures to combat authorised push payment (APP) fraud, the CEO of Australia’s largest payments association has said.

March 26, 2024

Daily Dash: Big Tech Under Pressure As EU Opens First DMA Investigations

The European Commission has opened new investigations into several big tech “gatekeeper” platforms under the Digital Markets Act (DMA), and open banking platform Trustly has launched a new cross-border partnership with MoneyGram.

March 26, 2024

888 To Change Name To Evoke, Focus On Core Markets

888 Holdings has proposed changing its name to evoke Plc amid plans to focus on key markets of the UK, Denmark, Italy and Spain, as it reviews its US online gambling operations.

March 26, 2024

Victoria Regulator Rules Crown Resorts Can Keep Melbourne Casino

Australian casino operator Crown Resorts will retain its casino licence in Melbourne after being found suitable by its external special manager and the Victoria state gambling regulator.

March 26, 2024

MLB Star Ohtani Denies Betting, NBA Player Under Investigation

Potential gambling scandals bubbled to the surface in multiple U.S. sports on Monday, with one of Major League Baseball’s (MLB) top stars denying betting on games, while an NBA player is reportedly under investigation by the league regarding suspicious activity on player proposition bets.

March 25, 2024

News In Brief: March 25-March 29, 2024

A New jersey lawmaker wants to double online gambling taxes and Philadelphia moves to ban skill gaming machines from the city.

March 25, 2024

Illegal Betting Still Thriving Despite U.S. Regulation, Report Suggests

As the legalization of sports betting and online casino gaming is sold to state lawmakers as an antidote to combat the offshore market, illegal online operators are continuing to thrive in the United States, according to the findings of a new report.

March 25, 2024

Svenska Spel To Pay SEK100m Duty Of Care Fine

State-owned Svenska Spel has been fined SEK100m (€8.7m) for responsible gambling failings relating to some of its highest spending customers.

March 25, 2024

888 UK Licence Review Discontinued With No Further Action

The Gambling Commission has discontinued its licence review of William Hill and Mr Green parent company 888 Holdings and will take no further action against the operator.

March 25, 2024

Daily Dash: HM Treasury Issues Update On Smarter Regulatory Framework

HM Treasury has provided an update on the progress of the Smarter Regulatory Framework, while Nationwide has officially announced its offer to acquire Virgin Money.

March 25, 2024

Apple Gatekeeping Digital Wallets, Says US Justice Department Complaint

Apple’s regulatory problems are set to continue as the US Department of Justice files a lawsuit against the big tech giant for monopolistic practices.

March 25, 2024

Payroll Processors Propose Exemption From Illinois Money Transmission Act

Trade organisations have proposed a new law in Illinois to remove payroll processing from the definition of money transmission and recognise it as a separately licensed business activity.

March 25, 2024

Star Entertainment's Dual Disaster: CEO Quits, Probe Made Public

Australian casino operator The Star Entertainment Group has suffered a new double blow with the resignations of its CEO and CFO and the New South Wales state gambling regulator’s decision to make public a critical review into the company.

March 22, 2024

U.S. Senator Raises Alarm Over Sports-Betting Companies Targeting Problem Gamblers

Connecticut Senator Richard Blumenthal continued to scrutinize the sports-betting industry on Thursday by challenging leading operators to end what he describes as the targeting of problem gamblers.

March 22, 2024

Rio De Janeiro, Paraná Begin Brazilian Betting Conflict

Jurisdictional conflicts between Brazilian states and the federal government over online betting licensing have escalated, after Paraná asked a judge to join a case to prevent local licensees in the state of Rio de Janeiro from operating throughout the country.

March 22, 2024

Week In Crypto: OKX Delists Tether In Europe, Shuts Down In India

OKX removes Tether trading for European users, Nigeria pursues access to Binance’s transaction data, and a survey finds that a significant number of Canadians have used crypto to pay a ransomware attacker.

March 22, 2024

Daily Dash: Denmark Joins TIPS And TARGET2

Denmark has become the first non-euro country to join the TIPS and T2 payment systems, and the UK’s Greggs bakery chain has announced that its systems have been restored following a nationwide point of sale outage.

March 22, 2024

Hyperledger Adds New Members, Launches Financial Services Working Group

The Hyperledger Foundation, which is developing enterprise-grade blockchain technologies, has added new members and formed a new working group to develop features for enterprise users based on open-source Ethereum blockchain software.

March 22, 2024

News In Brief: March 18-March 22, 2024

A new president for the Swedish gambling regulator, Maryland refuses to take up online casino legislation, Rush Street is reportedly considering a sale and a study says casino cannibalization is a myth.

March 22, 2024

Queensland Passes Tough, Far-Reaching Casino Control Amendments

Australia's Queensland state legislature has passed a comprehensive upgrade to casino control legislation, introducing strict impositions in response to an external review into Star Entertainment Group’s compliance failures.