Insights Archive

August 25, 2022

CFPB Accuses Block Of Slow-Walking Agency Probe

The US Consumer Financial Protection Bureau (CFPB) has told a California judge that payments firm Block, run by Twitter co-founder Jack Dorsey, has unduly delayed submissions in an ongoing investigation into the fintech firm’s fraud handling.

August 25, 2022

German Payment Providers Could Cut Off Non-Whitelist Operators

Operators in Germany that have applied for a new online licence but still have not been added to the federal regulator’s whitelist could be cut off by payment service providers (PSPs) next month, a legal expert has warned.

August 25, 2022

Marriage On The Rocks: Smoking And Casinos, You Can Blame Or Thank COVID-19

Casinos and smoking have always been joined at the hip, but one of the many legacies of the COVID-19 pandemic could be the eradication of smoke-filled gambling dens.

August 25, 2022

U.S. Gaming Industry Embracing Digital Payments With Cash On Decline

Walk onto any casino floor in the U.S. and you will still find most gamblers using cash to play a slot machine or place a sports bet, but a recent study on payment trends found the use of cash to pay for goods and services will continue to decline over the next three years.

August 25, 2022

Spreadex To Pay £1.36m Settlement Over UK Failures

UK-based operator Spreadex Limited, which runs spreadex.com, has agreed to pay £1.36m after a Gambling Commission investigation revealed a wide range of social responsibility and anti-money laundering (AML) failures.

August 24, 2022

FDIC Accuses Five Crypto Companies Of Misleading Customers About Deposit Insurance

Five crypto companies with operations in the US, including major exchange FTX, have been accused of misrepresenting the insurance status of customer deposits.

August 24, 2022

LatAm Start-Up Launches First Pan-Regional A2A Service

Prometeo, a Uruguay-based open banking platform, has rolled out a first of its kind account-to-account (A2A) service that enables merchants to receive payments in real time and with no intermediaries.

August 24, 2022

New Australian Government Keeps Up Crypto Reform Agenda

Australia’s new centre-left government has announced it is ready to start consulting on a framework for the regulation of the crypto-asset sector for industry and regulators.

August 24, 2022

Marcos Names 'Bosom Buddy' Businessman To Helm PAGCOR

Philippine President Ferdinand Marcos Jr has sworn in the new board of gambling regulator PAGCOR, with entrepreneur and Marcos ally Alejandro H. Tengco taking over as chairman and CEO.

August 24, 2022

U.S. iGaming Expansion Slowed By Federal Pandemic Aid, Self-Delusion

As sports betting continues to capture most of the headlines, industry executives say legalization of internet gaming has not kept pace because the gaming industry simply has not made a broad enough case to legislators and governors for legalizing iGaming.

August 24, 2022

UK Trade Group Challenges Public Health Recommendations

The Betting and Gaming Council has been rattled by a raft of 81 recommendations made in a study funded by Public Health England (PHE), calling their potential impacts on the gambling industry “worrying”.

August 24, 2022

Nevada Regulators Consider Cybersecurity Requirements For Gaming Operators

The Nevada Gaming Control Board will consider how to proceed with several proposed amendments to state gaming laws creating new cybersecurity requirements for operators at a workshop next month.

August 24, 2022

Brazilian Platform Lured Customers With Bitcoin Before Sudden Closure

A sports-betting platform in Brazil that promised its players huge returns has mysteriously and suddenly shuttered, leaving subscribers scrambling to find out where their money has gone.

August 23, 2022

Why Cross-Border Payments Still Have Not Been Solved

Complex regulatory requirements, legacy systems and a long priority list at many financial institutions have resulted in improvements to cross-border payments failing to become more efficient, experts suggest.

August 23, 2022

India’s NCPI Signs First Deal With UK Acquirer

It will soon be possible for Unified Payments Interface and RuPay customers to make in-store payments in the UK through PayXpert’s solution, the National Payments Corporation of India (NCPI) has announced.

August 23, 2022

UK, EU Merchants Hit By PSD2 Switching Pains, Says Study

Hopes were high when the revised Payment Services Directive (PSD2) came into force in the EU and UK, but has the new legislation lived up to expectations?

August 23, 2022

Polish Human Rights Commissioner Wants Less Website Blocking

Poland’s Human Rights Commissioner has sent an official letter to the Prime Minister calling for the country’s extensive, but dubiously effective, blacklisting efforts to be scaled back.

August 23, 2022

U.S. Sports-Betting Market Leaders Continue Parlay Wager Push

Single-game parlays have become a popular product for players despite their longer odds and some of the leading U.S. sports-betting operators are riding the popularity of high-margin parlays to higher market share.

August 23, 2022

Reeling Macau Set For Authoritarian Security Reforms

The Macau government is preparing a hardline, Hong Kong-style upgrade of national security legislation with extra-territorial jurisdiction that criminalises individuals in Macau and overseas with links to foreign “threats”.

August 22, 2022

Faster Payments Overtakes Bacs In Latest UK Payments Stats

Faster Payments and other remote banking are gaining traction among UK consumers, with UK Finance unveiling that 86 percent of all UK adults used at least one form of remote banking during 2021.

August 22, 2022

US Senator Accuses Regulator Of Pressuring Banks To Avoid Crypto Companies

A US senator has alleged that a federal regulator is using Obama-era scare tactics to discourage banks from engaging in legitimate business with crypto companies.