Insights Archive

June 29, 2022

New Jersey Preparing Ad Guidelines Amid Warnings Of Legislative Backlash

New Jersey’s Division of Gaming Enforcement is preparing to release formal guidelines on sports betting and online gaming advertising, with the aim of raising industry standards before state legislators are forced to take action.

June 28, 2022

UK Government Set To Simplify AML Compliance Requirements With Outcomes Focus

HM Treasury has committed to financial crime reforms, suggesting that legislation so far has been unable to solve money laundering failures for businesses and regulators alike.

June 28, 2022

BIS, PBOC To Launch Renminbi Liquidity Arrangement For APAC Central Banks

The Bank for International Settlements (BIS) has partnered with the People’s Bank of China (PBOC) to develop a new reserve pooling scheme for central banks in Asia-Pacific.

June 28, 2022

Reserve Bank Of India Pushes Back Deadline For Holding Card Data

India’s central bank has extended its deadline for the holding of card-on-file data by entities other than card issuers and networks, as the country struggles to prepare itself for a new tokenised alternative.

June 28, 2022

SEC Chair Pushes For Single Rulebook For Crypto

Gary Gensler has said he is pushing for a single rulebook for crypto exchanges and reveals that the two most active US crypto regulators are close to signing a memorandum of understanding.

June 28, 2022

Polish Ministry Looks Set To Spurn Calls For Regulator

Poland has shifted control of its blacklist to a new department, in a move that has frustrated groups pushing for the creation of a dedicated gambling regulator.

June 28, 2022

California Close To Consensus On Restructuring Application, License Fees

California gaming regulators will hold a hearing next month to consider approving a long list of proposed changes to the licensing process and fee structure to align them to meet with the state’s actual costs.

June 28, 2022

Michigan Gaming Tribes Show Once Again They Are Not Monolith

The outrage immediately following Democratic Governor Gretchen Whitmer’s rejection this month of a $180m casino proposal by a Michigan tribe seems to be fading, as other tribes in the state praise the governor’s decision.

June 28, 2022

Brazilian Football Clubs Lobby For Share Of Sports-Betting Spoils

Major football clubs showed up at Brazil's Chamber of Deputies last week to lobby for a share of profits or data rights from sports betting, whenever it is finally regulated.

June 27, 2022

Gibraltar Officials Vow To Get Off Greylist In A Year

Gibraltar officials have vowed to reverse the “disappointing surprise” of being relegated to the Financial Action Task Force's (FATF) greylist within 12 months.

June 27, 2022

CFPB Ponders Regulatory Changes To Credit Card Late Fees

Amid fear of inflation, the US Consumer Financial Protection Bureau (CFPB) is mulling regulatory changes to credit card late fees and to a provision that it says grants immunity for issuers against enforcement scrutiny.

June 27, 2022

A Move In The Right Direction? Payments Players Mull UK Treasury’s BNPL Proposals

Under the new government plan, UK firms will be required to ensure loans are affordable and rules will be amended to ensure advertisements are not misleading, but some concerns remain among industry experts.

June 27, 2022

UK Treasury Committee Launches Financial Services Subgroup

The Treasury Select Committee has launched a new sub-committee to scrutinise post-Brexit regulatory proposals for financial services.

June 27, 2022

EBA Seeks PSD2 And E-Money Merger

The European Banking Authority (EBA) believes the “opportunities vastly outnumber the potential challenges” of merging the revised Payment Services Directive (PSD2) and the Electronic Money Directive (EMD2), although not all agree.

June 27, 2022

Malaysian Officials Cite Huge Tax Hole In Push For Online Reform

Cabinet officials headlining Malaysia’s push for a regulated online gambling market have again publicly called for reform, warning that the current prohibition strips government coffers of 2bn ringgit ($454m) in annual tax revenue.

June 27, 2022

Paraguay Attempts To Exit Slot Machine Scandal

Paraguay’s gaming regulator, Conajzar, is trying to move on from its slot machine scandal and focus on a sports gambling tender, as its former boss piles on criticism of his ex-employer.

June 27, 2022

U.S. Gambling Industry Profitable Amid Inflation, Recession Concerns

Leading U.S. gaming executives and consultants are becoming more concerned at rising inflation hitting revenues at casinos, although there is still hope that the impact of an economic recession can be avoided.

June 27, 2022

UK Gambling Changes Could Come Quicker Than Expected

Changes to the UK’s 2005 Gambling Act could come quicker than expected, as most could be done either through the Gambling Commission or statutory instruments applied by the secretary of state, a gambling trade group executive has said.

June 27, 2022

Advertising, Promo Deductions Continuously Under Review By U.S. States

Advertising and promotional play deductions continue to be flashpoints in the U.S. sports-betting industry, as some states begin to make changes that could possibly curtail some advertising, while others continue to assess their options.

June 24, 2022

News In Brief: Woman Gets Jail Time In Danske Bank Money Laundering Case

A 49-year-old Lithuanian woman has been sentenced to eight years in prison for money laundering, as the aftermath of Danske Bank’s money laundering scandal continues.

June 24, 2022

Allow Account Information Services To Apply Own SCA, Says EBA

The EU’s banking watchdog has said that it wants to see account information services providers (AISPs) no longer relying on authentication procedures by banks, as it sends its payments legislation wishlist on to Brussels.