Insights Archive

June 9, 2022

Stripe Rolls Out SCA-Compliant Authentication For Smoother Checkout

Stripe has released a new strong customer authentication (SCA) compliant feature that enables customers to authenticate purchases within the checkout flow.

June 9, 2022

Regulators Approve Blackstone Takeover Of Crown Resorts

The takeover of casino operator Crown Resorts by US financial services giant Blackstone Group is all but assured after Victoria and New South Wales state gambling regulators approved the deal.

June 9, 2022

Ontario Grey Market Transition Deadline Coming Soon, Regulator Says

While not committing to a firm date, Ontario regulators say that they are pushing unregulated operators to complete the process of transitioning to the regulated online gambling market sooner rather than later.

June 9, 2022

UK Racing Industry Worries Affordability Checks Are Existential Threat

The prospect of UK affordability checks curbing profit makes many gambling companies nervous, but it is an existential issue for the horseracing industry, according to at least one executive.

June 9, 2022

Operators Must Do More To Alleviate Crypto Fears, Says Panel

Gambling operators must have more dialogue with authorities about the unique regulatory problems cryptocurrencies can address in their jurisdictions if the payment method is to be widely accepted anytime in the near future, according to a panel of experts.

June 9, 2022

Privacy Laws Spread In U.S. States Almost As Fast As Sports Betting

Five states already have approved comprehensive online privacy laws which could become a speed bump slowing the expansion of sports betting and internet gambling across the United States.

June 9, 2022

News In Brief: June 6-June 10, 2022

Blackstone Group gets green light for Crown Resorts acquisition and the Massachusetts Gaming Commission says controversial Barry Diller is suitable for a gaming license.

June 8, 2022

Jamaican Lawmakers Approve CBDC Rollout

The Bank of Jamaica has been given the seal of approval by Jamaica’s Senate to issue a central bank digital currency (CBDC) as legal tender locally.

June 8, 2022

US Banks May Pay For Zelle Fraud As Lawsuits Mount

As five US banks square up to class actions over their handling of fraud cases on the popular Zelle payment service, hundreds of other participants in the network could also become embroiled as potential litigants.

June 8, 2022

UPDATE: EU Adopts 6th Package Of Russian Sanctions, Targets Oil For First Time

The European Commission has announced that it has adopted a sixth package of sanctions against Russia, following an agreement in principle last week.

June 8, 2022

EPI Chief Tells EU Regulators: Put Your Money Where Your Mouth Is

Martina Weimert, the European Payments Initiative (EPI) chief executive, let her feelings be known loud and clear about the EU authorities pushing for the pan-EU payments project, telling them that the private sector cannot be the only ones footing the bill.

June 8, 2022

Apple Enters BNPL Arena, Launches New POS Solution For Merchants Using iPhone

Apple’s iOS 16 operating system is almost here, and its latest version of the Apple Wallet app is set to come with a buy now, pay later (BNPL) surprise.

June 8, 2022

Japan To Mull Sports-Betting Expansion, Says Report

The Japanese government is again considering expansion of the sports-betting market, with a ministerial proposal to be discussed in detail at a sports policy conference next month, the Yomiuri Shimbun newspaper reported on Tuesday.

June 8, 2022

Ontario Regulator Urges Operators To Stay Within Advertising Standards

Officials from Ontario’s gaming regulator sought to make it clear Tuesday that operators should stop testing the boundaries of the province’s advertising restrictions.

June 8, 2022

DraftKings Boss Confident California Initiative Will Pass, Eyes 2023 Launch

DraftKings is eyeing further expansion into California, Texas, North Carolina and its home state of Massachusetts, but does not expect to raise additional capital before it reaches profitability, according to CEO Jason Robins.

June 8, 2022

LeoVegas Investigated In Sweden Over Possible Insider Trades

LeoVegas has been contacted over what the company calls a “preliminary investigation” and a Swedish newspaper calls a “raid” by the Swedish Economic Crime Authority because of suspected insider trading.

June 7, 2022

EBA Plots Licence Withdrawal For Serious AML Breaches

Proposed new rules would formalise the ability for European authorities to recommend to national counterparts to remove the licence of financial firms that breach regulations, while evidence suggests that this could hit payment firms the hardest.

June 7, 2022

Japan Takes Lead In Stablecoin Regulation As Bill Passes Through Parliament

Japan has become one of the first advanced economies to introduce a legal framework for stablecoins, amid renewed focus from regulators following the collapse of TerraUSD.

June 7, 2022

India Opens Up Bharat Bill Payment System To Smaller Non-Bank Users

A new amendment to India’s Bharat Bill Payment System guidelines means that smaller non-bank entities will now be eligible to join.

June 7, 2022

Americans Lost $1bn To Crypto Scams, FTC Says

US consumers reported losing more than $1bn to fraud involving cryptocurrencies from January 2021 through to March 2022, new analysis from the Federal Trade Commission (FTC) has found.

June 7, 2022

European Prosecutor Hails Improved Fraud Action, But Acknowledges More Needs To Be Done

The first year of operations of the European Public Prosecutor’s Office shows that it is working well, the authority has said, as it calls on member states to up their game.