Insights Archive

April 22, 2024

South Africa Gambling Bills Receive Long-Awaited Updates As Elections Loom

After two years of drafting and consultations, the Remote Gambling Bill (B11-2024) was finally introduced to South Africa’s parliament by the main opposition party last week as the ruling ANC could lose its majority for the first time in 30 years in the upcoming election on May 29.

April 22, 2024

UK Open Banking Future Entity Takes Shape With New Consultation

The UK’s Joint Regulatory Oversight Committee has released its recommendations for the Open Banking Future Entity, including what its funding model should look like, and invited companies to submit comments by May 20.

April 22, 2024

Daily Dash: FCA Wins Praise For Metrics On Growth, Competitiveness

A new report has found that UK regulators are leading the world on driving growth and competitiveness, while EU regulators have opened a new consultation on technical standards for the Digital Operational Resilience Act (DORA).

April 22, 2024

UK Open Banking Will Move On From CMA Regime, OBL Chief Says

Updates to the UK’s open banking system are “right around the corner” and will entail a move away from the retail banking standards set out by the Competition and Markets Authority in 2016, Open Banking Limited (OBL) chief Henk Van Hulle has said.

April 22, 2024

Industry Reacts To Biggest Betting Scandal Of Post-PASPA Era

In the wake of the most prominent sports integrity scandal in the U.S. since 2018, industry executives and regulatory officials agree that continuing to bolster integrity monitoring in the regulated market is key to preventing future scandals.

April 19, 2024

Operators Say Skill-Game Machines Threaten Casino Investments

As Republican Governor Glenn Youngkin considers the fate of skill games in Virginia, leading casino executives are urging Youngkin and lawmakers in other states where the terminals have proliferated to either prohibit grey-market machines or tax and regulate them on the same scale as slot machines.

April 19, 2024

Colorado Approves First U.S. Regulations For Betting Exchanges

Colorado regulators have approved rule changes to permit exchange wagering after more than a year of deliberation, making the state the second in the U.S. to allow the activity and the first to adopt specific regulations.

April 19, 2024

Ontario Regulator Bars Wagering On WBA Boxing Fights

Ontario’s gaming regulator has put a halt on wagers on boxing matches sanctioned by the World Boxing Association after suspicious betting patterns and a subsequent review.

April 19, 2024

Brazil Bans Crypto, Credit Card Gambling

Brazil’s Secretariat of Prizes and Bets has published an ordinance governing payments for online betting, a move that suggests it is sticking to a new timeline to introduce a regulated market.

April 19, 2024

Week In Crypto: FCA Seeks Quality, Not Quantity, In Crypto Registrations

The UK's Financial Conduct Authority (FCA) says it will continue to enforce a high bar for crypto registration attempts, Tether plans to expand beyond stablecoins, and a bipartisan US stablecoin bill hits Congress.

April 19, 2024

Exclude Big Tech From Open Finance Framework, MEPs Say

Big tech “gatekeepers” such as Meta and ByteDance should not be eligible to participate in the EU’s future open finance framework, lawmakers have said.

April 19, 2024

Daily Dash: Canada's Real-Time Payments System Not Expected Until 2026

Canada has confirmed that its long-awaited instant payments system will be delayed once again, and New Zealand has opened a new consultation on central bank digital currency.

April 19, 2024

Dutch Court Orders Flutter, Entain To Pay Landmark Player Claims

A court in the Netherlands has ordered Entain and Flutter units to repay around €400,000 to gamblers who bet with them on the grey market, as the spectre of player refund lawsuits creeps further across Europe.

April 19, 2024

News In Brief: April 15-April 19, 2024

Tipico is fined over banned bets in New Jersey, a Star Entertainment executive resigns and PAGCOR appoints a new president.

April 18, 2024

NBA Calls For Bet-Type Restrictions After Lifetime Ban For Player

The National Basketball Association (NBA) has issued a lifetime ban to Toronto Raptors player Jontay Porter for betting-related infractions, the first gambling ban issued by a major U.S. sports league in 35 years.

April 18, 2024

Bavaria Becomes First German State To Offer Online Table Games

Residents and visitors to Bavaria are the first Germans to be able to play roulette or blackjack legally online, as the state-owned Lotto Bayern has become the first licensed operator for table games.

April 18, 2024

Games Global Has New York Stock Exchange IPO In Its Sights

The Isle of Man-headquartered Games Global Limited has filed the paperwork to have an initial public offering (IPO) in the United States as it looks to cement itself as a leading supplier in the North American market.

April 18, 2024

Dutch Parliament Calls For Online Gambling Ad Ban

The “sick” Dutch online gambling market is under renewed political pressure after MPs voted for a motion to ban online gambling advertising.

April 18, 2024

US Senator Condemns 'Outrageous' Lawsuit Against CFPB

A US senator has taken up the cause of the Consumer Financial Protection Bureau (CFPB) in its efforts to uphold a new rule that would drastically reduce credit card late fees.

April 18, 2024

Payments Providers' APP Fraud Obligations Subject To UK Consultation

The UK’s Payment Systems Regulator has opened a new consultation looking at the compliance requirements for payment service providers that come into the scope of its incoming rules on authorised push payment (APP) scams.

April 18, 2024

European PSPs Brace For Instant Payments Regulation

Growing volumes of instant payments in Europe will bring a higher risk of fraud, as the countdown to the Instant Payments Regulation begins this month, an executive at EBA Clearing has said.