Insights Archive

May 14, 2024

Small US Banks Decry Fed's Debit Swipe Fee Proposals

Small and mid-sized US banks have overwhelmingly urged caution on changes proposed by the Federal Reserve to the rules governing debit card interchange fees in the country.

May 14, 2024

Western Union Resumes Services To Cuba After Cyberattack

Western Union has resumed its limited money transfer services between the US and Cuba after a three-month hiatus caused by a cyberattack on Cuban banks.

May 14, 2024

New Anti-Fraud Rules Introduced In Taiwan

Taiwan’s executive authority has unveiled new compliance requirements aimed at combating fraud crimes across financial, telecommunications and online platforms in a bid to bolster consumer protection.

May 14, 2024

Daily Dash: 'Urgent Action' Needed On Money Laundering, Say International Bodies

Three key agencies in the fight against money laundering have issued a joint call for action to national regulators, while Hong Kong and Shenzhen have announced a pilot of a new cross-boundary data validation platform.

May 14, 2024

Ontario Online Model Upheld By Superior Court

Addressing one of the key legal issues for online gambling in Canada, the Ontario Superior Court has ruled that the province’s competitive model for iGaming does not violate restrictions on regulated gambling established by the Canadian Criminal Code.

May 13, 2024

Does US Dependence On VIP Gamblers Court Regulatory Danger?

Lawsuits and market data have revealed the extent to which US online gambling companies rely on VIP players to grow revenue, but just how vulnerable is this reliance on big spenders to a regulatory backlash?

May 13, 2024

U.S. Casino Giants Battle For Bite Of Big Apple

Some of the world’s largest casino companies are growing more impatient with a slow-moving licensing process for integrated resorts in and around New York City, one of the last major greenfield development opportunities in the U.S.

May 13, 2024

Financial Risk Checks Could 'Disappear' Over Complications, Says Lawyer

A leading UK gambling lawyer has warned that financial risk assessments may prove so intrinsically full of friction that they are allowed to “quietly disappear”.

May 13, 2024

Northern Ireland's DfC Preparing Gambling Industry Codes Of Practice Proposal

Northern Ireland's government minister overseeing gambling policy will be provided with industry codes of practice for consideration “in due course”, according to the Department for Communities (DfC).

May 13, 2024

Daily Dash: Mastercard Joint Venture Begins Processing Domestic Transactions In China

With several key regulatory approvals in hand, Mastercard has begun processing domestic payments in China; meanwhile, Australia’s NAB looks to increase "pay by bank" adoption among merchants.

May 13, 2024

Single-Use Virtual Cards Ease Travel Industry Payments Headaches

As the travel industry continues to recover from its COVID-19 downturn, complex payment chains are increasingly being solved by single-use virtual credit cards, also known as VCCs.

May 13, 2024

Push For US Card Law Reignites Visa-Mastercard 'Duopoly' Debate

For all the new payments services on the market, many Americans still use credit cards running on the Visa and Mastercard networks, and lawmakers are making a fresh push to break up the "duopoly".

May 10, 2024

Brazil Operators Cheered By Winnings Tax Reversal

Brazil’s turbulent journey towards online gambling regulation was further evidenced on Thursday as Congress restored far more favourable tax provisions for player winnings, barely 48 hours after the federal government’s alternative approach caused alarm across the industry.

May 10, 2024

News In Brief: May 6-May 10, 2024

Zimpler under investigation in Sweden, Wyoming may ban college bets, Colombia's regulator opens investigations and the UN calls for a casino union boss to be released from Cambodian jail.

May 10, 2024

UK Website Blocking Incoming Via New Gambling Commission Powers

The UK Gambling Commission will soon be able to block illegal websites via the white paper’s commitment to award the watchdog new powers, as the regulator continues its sometimes disputed fight against the black market.

May 10, 2024

Week In Crypto: Most Stablecoin Volume Is Driven By Bots, Says Visa

Visa claims that 90 percent of stablecoin volume is bot-driven, Tether looks to improve transaction monitoring, and Binance’s new CEO calls for the release of a “mid-level” employee detained in Nigeria.

May 10, 2024

Daily Dash: Binance Fined C$6m For AML Failures In Canada

Binance has been hit by another AML penalty, this time in Canada, while Sweden’s financial regulator has disclosed that it is investigating possible AML failures at payments firm Zimpler.

May 10, 2024

Philippine Senator Alleges Espionage By Online Gambling Group

Anti-gambling senators in the Philippines have seized on intelligence alleging that employees of a raided online gambling operation had engaged in espionage and hacking government websites.

May 10, 2024

Alberta Could Launch Online Gaming Model In 2025, Officials Say

Multiple Canadian gaming industry officials have said that Alberta could launch a competitive online gaming market as early as 2025 and that provincial government officials remain motivated to do so.

May 9, 2024

Louisiana Responsible Gambling Advertising Bill Defeated In Committee

A heavily amended bill to require sports-betting advertisements in Louisiana to include information on resources for gambling addiction and the potentially addictive nature of online gaming was easily defeated by a House committee, after initially proposing to outright ban ads in the state.

May 9, 2024

Brazilian States File Supreme Court Challenge To Defend Online Gaming Rights

Seven of Brazil’s states, plus the Federal District of Brasilia, have filed a constitutional challenge with the Federal Supreme Court requesting the suspension of two paragraphs of the country's new sports betting and online gaming law that limit their licensing authority over lotteries and fixed-odds betting.