Insights Archive

September 26, 2024

Colombia's New Responsible Gambling Resolution Welcomed By Industry

Colombia's gambling authority has issued a draft resolution on responsible gambling to replace a 2021 regulation that established initial guidelines on the topic, but which critics say was riddled with errors.

September 26, 2024

Eastern Europe Restrictions Add Appeal To Central Asian Expansion, Say Local CEOs

Restrictions on gambling in Eastern European jurisdictions such as Poland and difficulties in establishing a foothold in others such as Serbia could make new market opportunities in Central Asian countries increasingly attractive to foreign operators, according to a panel of industry leaders.

September 26, 2024

Visa Comes Out Fighting Against 'Meritless' US Justice Department Lawsuit

The payments giant has questioned the legitimacy of the US Department of Justice’s lawsuit, as the authority accuses it of monopolising its power in the market.

September 26, 2024

UK Regulator Unveils Long-Awaited Safeguarding Proposals For Payments, E-Money Firms

The Financial Conduct Authority has unveiled its much anticipated safeguarding proposals aimed at enhancing customer protections when payments and e-money firms go out of business.

September 26, 2024

Australian Central Bank Sees 'No Clear Public Interest' In Issuing Retail CBDC

The Reserve Bank of Australia has struck its most sceptical tone to date on the prospect of issuing a retail central bank digital currency (CBDC), but it remains positive about wholesale CBDC.

September 26, 2024

Daily Dash: UK Confirms £85,000 Cap Final For Reimbursement Rules

The Payment Systems Regulator has confirmed the maximum reimbursement for victims of authorised push payment (APP) scams via Faster Payments will be capped at £85,000, while the government of the United Arab Emirates has unveiled the replacement for its anti-money laundering regulator.

September 26, 2024

Star Entertainment Salvages Loan Amid Annual Results Gloom

A day after securing a crucial maximum A$200m ($137m) debt facility, struggling Australian casino operator The Star Entertainment Group has reported a statutory net loss of almost A$1.7bn for annual results ending June 30.

September 25, 2024

UK Panellists Claim Gambling Harm Underrated, Benefits Overrated

A panel assembled by a UK think tank at the Labour Party’s first conference since assuming power has examined the economics of gambling harm, with some panellists claiming that harm is underrated while economic benefit is overrated.

September 25, 2024

Light & Wonder Shares Slide After Aristocrat Injunction

Light & Wonder has reiterated its earnings guidance for the year despite a federal judge’s decision to grant rival Aristocrat a preliminary injunction halting sales of the company’s popular Dragon Train slot machine.

September 25, 2024

Entain Pushes Governments To Get Tough On Black Markets

Global gambling giant Entain is calling on the UK government and its international colleagues to adopt a range of enforcement measures to fight the black market.

September 25, 2024

Brazil's Transitional Ordinance May Be Unconstitutional

Brazil’s surprise ordinance last week to immediately ban companies that had not applied for a licence from operating during a transition period may be unconstitutional, according to at least one local lawyer.

September 25, 2024

Gambling Businesses Must Explore AI Or They Will Be Left Behind, Says Panel

A wide range of gambling businesses in an array of jurisdictions are already using AI tools and ones that do not explore and implement AI now will be left behind in the future, according to a panel of experts.

September 25, 2024

Private Sector Engagement And Strategic Autonomy Key Issues For Digital Euro

During the latest digital euro hearing, European Central Bank official Piero Cipollone answered questions on whether the regulator is best placed to take on the challenge of issuing a digital euro, while emphasising the need for strategic autonomy.

September 25, 2024

One In Four Teens In Australia Fall Victim To Social Media Scams, Report Finds

As Australia moves towards new cross-sector regulations to fight scammers, new research has found that teenagers are among the most likely victims of social media scams.

September 25, 2024

Daily Dash: US CFPB Wants To Save Its Time With New Remittance Proposal

The US Consumer Financial Protection Bureau (CFPB) has set out plans to amend the Remittance Transfer Rule, while Belgium’s regulator has highlighted a 50 percent rise in online investment fraud.

September 24, 2024

Federal Legislators Slammed Over 'Half-Baked' Sports-Betting Comments

New Jersey’s former top gaming regulator and a key Massachusetts legislator have pushed back on accusations by federal lawmakers that states' sports-betting regulatory regimes are “faint-hearted and half-baked.”

September 24, 2024

UK Payment Providers Finalise Preparations For Fraud Reimbursement Rules

The Payment System Regulator’s new authorised push payment (APP) fraud reimbursement rules take effect on October 7, 2024, with many banks and payments firms still unprepared and unhappy, despite the regulator’s concession on the reimbursement limit.

September 24, 2024

German Authorities Shut Down 47 Crypto Exchanges Used For Criminal Activity

In a major crypto crackdown, the Frankfurt Public Prosecutor’s Office and the Federal Criminal Police Office have shut down a total of 47 crypto exchange platforms that were being used for illicit financial activities.

September 24, 2024

Daily Dash: PSR Publishes Guidance For Civil Disputes And App Scams

The UK's Payment Systems Regulator (PSR) has issued final guidance to help firms differentiate between authorised push payment (APP) scams and private civil disputes, and its sister regulator, the Financial Conduct Authority, has revoked PayAfrique.com Limited’s licence after compliance failings.

September 23, 2024

UK Gambling Commission, Police Make Illegal Gambling Arrest

A man was arrested in the UK on September 20 on suspicion of providing unlicensed gambling; however, details about the case remain scarce.

September 23, 2024

Advocates Of Ontario Model Making Slow Progress In Quebec

When Ontario opened its online gambling market to private operators in 2022, many in the industry hoped that it would start a wave of regulated regimes across Canada. Two years later, Alberta has taken steps to follow suit, announcing in June that it would launch its own regulated online gambling market.