Insights Archive

July 26, 2022

Canadian Gaming CEO Says Other Provinces Year Or Two Away From Ontario Online Model

Interested observers continue to wait for the first report card on the performance of Ontario’s online gaming program, and insiders say those observers include policymakers in other provinces.

July 25, 2022

Beyond Sweeping: VRP Expected To Revolutionise Open Banking

Variable recurring payments (VRP) is coming to the market in the next couple of months in the form of sweeping, but this is only the beginning, say experts who argue it will shake up the status quo.

July 25, 2022

UK Regulators Set Out Critical Third-Party Approach

The Bank of England, Prudential Regulation Authority and Financial Conduct Authority have indicated what measures they will take to oversee and strengthen the resilience of services provided by critical third parties to the UK financial sector.

July 25, 2022

EU Authorities Throw Out De-Risking Case Against EBA

The European supervisory authorities' board of appeal has dismissed a case against the European Banking Authority (EBA) for an alleged non-application of EU law regarding payment services.

July 25, 2022

Devil In the Details' Of Hungary’s Online Reforms

As Hungary progresses with plans to open up its online betting market, it is still unclear how favourable authorities will be to foreign gambling operators, according to a local legal expert.

July 25, 2022

As Gambling Grows, Washington State Tackles Issues Of Addiction

Washington gaming regulators and researchers have been studying whether there are enough resources to address gambling addiction and determine if those services need to be increased due to the prevalence of tribal casinos, cardrooms and other forms of gambling in the state, including sports betting.

July 25, 2022

Goa Joins List Of States Hostile To Online Skill Games

The leader of the Indian state of Goa has apparently promised to ban or curtail online rummy, poker and other online skill games, bringing the state in line with recent local government defiance of court rulings in Tamil Nadu and Kerala.

July 25, 2022

Brazilian Bill Would Make Payment Intermediaries Illegal On Gambling Sites

A Brazilian lawmaker has presented a bill in the Chamber of Deputies that would outlaw payment intermediaries from functioning on sites that host illegal gambling and child pornography.

July 22, 2022

UK Government Publishes Post-Brexit Financial Services Bill

The UK has published its long-awaited Financial Services and Markets Act, including commitments to regulate stablecoins, protect access to cash and improve consumer protection from fraud.

July 22, 2022

HM Treasury Plots Payments Regulation Overhaul

The UK’s finance ministry has confirmed plans to review the applicability of the current payments regime, including new regulatory powers and the potential introduction of the Senior Managers and Certification Regime (SM&CR).

July 22, 2022

Week In Crypto: Tesla Dumps Bitcoin As Industry Players Claim Worst Is Over

Tesla adds to a crisis of confidence in the crypto markets, BNP Paribas spots an opportunity for high-end customers, while J.P. Morgan and Grayscale claim the worst of the collapse is now over.

July 22, 2022

PSR Planning To Make Open Banking Attractive For Cash Users

In its response to the Digital Payments Initiative report, the UK’s Payment Systems Regulator (PSR) is looking at ways to make digital payments more attractive for those that still rely on cash and encourage the use of open banking in account-to-account retail transactions.

July 22, 2022

FCA Says New Regs May Address Its Limits To Stop Harm Caused By Third Parties

In its latest perimeter report, the UK Financial Conduct Authority (FCA) highlights potential gaps where it lacks the power to step in and the actions the authority is taking to reduce harm linked to these gaps.

July 22, 2022

Spanish Supreme Court Questions Ad Restrictions

Spain’s Supreme Court has said there is reason to think the country’s gambling ad ban could be unconstitutional.

July 22, 2022

Insurance Coverage For U.S. Problem Gamblers Yields Mixed Results

More U.S. health insurance companies are offering coverage for gambling addiction, but that does not necessarily mean healthcare providers are celebrating.

July 22, 2022

Criticism Of Peru's Online Gambling Law Continues

The fallout continues from Peru’s rush to legalise online gambling last week, with industry insiders weighing in on the detrimental effect of merging two bills into one without careful examination of the text, which appears contradictory in several places.

July 22, 2022

German Regulator Irks Internet Firms With Call For Voluntary Website Blocking

A call by the new Germany-wide gambling regulator for internet service providers (ISPs) to voluntarily block unlicensed gambling sites is stirring controversy among the ISPs and some legislators.

July 22, 2022

News In Brief: July 18-July 22, 2022

Legal online casino games will become available for the first time in the Canadian province of Nova Scotia.

July 21, 2022

Europeans Can Now Use Alternative Billing Systems For In-App Purchases On Google Play

Google has announced that non-gaming apps that operate in the European Economic Area (EEA) may allow customers to use alternative billing systems to pay for digital goods and services via the Google Play store, pre-empting forthcoming regulations.

July 21, 2022

Swedish Court Rules In Consumer’s Favour Over Fraud Payments

Sweden’s Supreme Court has ruled that a consumer that fell victim to a phishing scam is in line for compensation after unwittingly giving away their details to a fraudster.

July 21, 2022

Paraguay On Path To Adopt Crypto Law

Last week, Paraguay’s Congress passed a bill that would regulate crypto-related activities in the country.