Insights Archive

October 10, 2022

Optus Data Breach Prompts Australian Legislative Reform

Australia’s government is planning to propose changes to the country’s telecom laws to enable better information sharing with banks after a massive data breach at the telco firm exposed data of nearly 10m Australians.

October 10, 2022

PSD3: Bank-Like Prudential Requirements For PSPs Risk Innovation

The European Banking Authority has suggested bringing prudential requirements, such as capital requirements related to credit and liquidity buffers, under rules that ape EU’s banking rules. Experts mull the implications to risk, competition and innovation.

October 10, 2022

President Biden Signs Executive Order For US-EU Data Transfers

The US President signed the data transfer agreement into law on Friday, restoring the legal basis for transatlantic data flows following the 2020 Schrems II judgment.

October 10, 2022

Australia’s Proposed CDR Changes Open Up Payments

Australia’s Treasury is seeking comment on draft legislation that could introduce new rules for action initiation within the country’s open banking framework that will enable, among other things, payment initiation.

October 10, 2022

Massachusetts Targets Retail Sports Betting By Super Bowl, March For Mobile

Massachusetts regulators have agreed to target a late January opening of retail sportsbooks at casinos before an early March mobile sports-betting launch.

October 10, 2022

California Takes Lead On Dual Licensure Of Cannabis, Gaming Businesses

With the approval of several recommendations to allow for dual licensure of the cardroom and cannabis businesses, California policymakers are ushering in a new era for both industries as the federal government still considers marijuana sales and possession a crime.

October 10, 2022

Gaming Tribes Still Battling U.S. Treasury Department Over COVID-19 Funds

It is almost always about the money when somebody says it is not about the money, but in the case of two gaming tribes who are suing U.S. Department of Treasury Secretary Janet Yellen, it seems to be more about standing up to the federal government.

October 10, 2022

Kindred's Norway Fine On Tentative Hold

A deal has been struck between Kindred and the Norwegian Gambling Authority that means fines of NOK1.2m (€118,000) daily, with a cap of NOK437m, will be put on hold.

October 7, 2022

PSR Finalises Rules To Help Merchants Switch Acquirer

The UK’s Payment Systems Regulator (PSR) has published its final decision on card-acquiring services, with the prerogative of enabling more awareness among businesses to shop around.

October 7, 2022

Week In Crypto: Final MiCA Text Published And EBA Looks For More Data

A busy week in Europe as the final text for the Market in Crypto-Assets (MiCA) regulation is published, the European Banking Authority tenders a contract to help it improve its crypto data analysis, and Italy is criticised for having a light touch on company registration. Meanwhile in Argentina, a state-owned energy company diversifies into crypto mining.

October 7, 2022

Chile Embraces Open Banking As Fintech Law Passes

Chile looks set to become the fourth Latin American country to implement open banking after its Fintech Law passed the Senate with sweeping support.

October 7, 2022

Daily Dash: MAS Keeps Up Sustainability Agenda With New Hub

Singapore’s regulator has launched a new environmental, social and governance hub, the US consults on self-service kiosks and India’s UPI keeps up international momentum with new Oman deal.

October 7, 2022

Massachusetts Gaming Commission Mired In Dispute Over Sports-Betting Launch Timeline

An eight-hour meeting showed the split among members of the Massachusetts Gaming Commission regarding a potential launch timeline for both retail and online sports betting in the state.

October 7, 2022

New York City, Colossus Of The North, Hovers Over New Jersey Casinos

New York took its biggest step yet toward establishing a casino near the city that never sleeps by appointing two women and a man to a panel charged with selecting sites for three new casinos in the region including New York City.

October 7, 2022

Brexit 'Bonfire' Portends Pain For Gambling Companies

A surprise promise by the new UK government to jettison the General Data Protection Regulation regime as part of a “bonfire” of European Union regulations could mean headaches for online gambling companies that operate across national boundaries.

October 7, 2022

Ontario Regulator Mulls Ban On Online Betting Lounges

The Alcohol and Gaming Commission of Ontario is considering a ban on branded partnerships between online gambling operators and popular establishments such as bars and sports arenas, citing concerns of responsible gambling and regulatory oversight.

October 7, 2022

News In Brief: October 3-October 7, 2022

GambleAware seeks treatment partner, 888 makes good on promise on pan-African launch and evidence of Malaysian slave labour surfaces in Laos casinos.

October 6, 2022

Major Outage Of Chase UK Banking App Stirs Panic Among Customers

The Chase UK banking app has suffered a range of “major” and “partial” outages across multiple functions, leaving panicked customers scrambling for help.

October 6, 2022

Axe ’Card Tax’, Businesses Tell UK Government

Around £5bn is lost every year to card fees on shops, businesses have complained, as the cost of living bites for consumers.

October 6, 2022

European Council Approves Digital Services Act On Protection Of Users’ Rights Online

The European Council has given its final approval to a landmark bill that aims to protect consumers and businesses from illegal products and misleading advertising online.

October 6, 2022

Pass Stablecoin Law Or We Take Action, US Regulators Tell Congress

US federal financial regulators have reiterated last year’s message to Congress: pass comprehensive stablecoin legislation or they will use their existing authorities to fill the increasingly risky regulatory gap.