Insights Archive

December 3, 2021

News In Brief: November 29-December 3, 2021

Lawmaker says consensus reached on Ohio sports betting, Maryland awarding two more off-track betting licenses and Cambodian online operations spreading.

December 2, 2021

India Merchants Struggling To Implement Card-On-File Tokenisation Rules

India’s new rules to increase the safety and security of online payments will come into force at the end of December, but merchants are struggling to meet the fast-approaching deadline.

December 2, 2021

UK Cashback Scheme To Be Extended

The "Cashback Without Purchase" rollout will be extended to 2,000 retailers by end of the year, LINK has announced.

December 2, 2021

EU-Wide Crypto Travel Rule Edges Closer

The EU’s 27 finance ministers of the European Council have agreed on a negotiating mandate for new crypto transfer rules in the trading bloc, bringing travel rule compliance closer for all member states.

December 2, 2021

Lithuania On Right Track To Fight Money Laundering, MONEYVAL Finds

MONEYVAL has found that Lithuania has improved its anti-money laundering framework, a commendable achievement for the Bank of Lithuania, which is supervising the largest group of fintechs within the EU.

December 2, 2021

New Jersey Revisiting Online Gambling Rules Amid Ad Standards 'Slippage'

New Jersey is preparing new standards on responsible gambling, bonus offerings and cybersecurity for internet gaming and sports betting, a move the state’s chief regulator expects to reduce risks to the future growth of the U.S. market.

December 2, 2021

Novomatic Unit Penalised In UK For AML Failings

The UK Gambling Commission has issued a penalty of £685,000 (€804,000) to Greentube Alderney, part of Novomatic, for failings in anti-money laundering and social responsibility policies.

December 2, 2021

Unexpected Size Of Dutch Market Shows Value of Regulation, Official Says

The Dutch online gambling market is about 40 percent larger than previously thought, underlining the urgent need for regulation, the chair of the Netherlands Gambling Authority (KSA) has said.

December 2, 2021

Poland Orders Arrest Of Slot Operator's Management

As Polish authorities continue to combat illegal slot operators, prosecutors and tax officials have ordered the arrest of seven top managers of the former largest unlicensed slot operator in the Polish market, Fortuna Ltd.

December 1, 2021

Ministers Face The Music On APP Fraud

During a public hearing, Treasury minister John Glen and security minister Damian Hinds were held to account by members of the UK’s parliament (MPs), as they tried to defend rocketing fraud issues in the UK.

December 1, 2021

Request To Pay Momentum Building But Challenges Remain

After the “regulatory stimulus” to payments innovation that came with the revised Payment Services Directive (PSD2), financial institutions must be proactive in creating an environment for request to pay (RTP), experts have agreed.

December 1, 2021

New York Fed Teams Up With BIS

The Federal Reserve Bank of New York has launched the New York Innovation Center (NYIC) to advance fintech products through a strategic partnership with the Bank for International Settlements (BIS) Innovation Hub. The partnership will also help the Fed analyse central bank digital currencies and improve cross-border payments.

December 1, 2021

New South Wales Official Warns Slots Used To Launder Billions

A gambling investigations official with the New South Wales (NSW) state government has warned that billions of dollars in criminal proceeds are likely being laundered in slot machines across Australia.

December 1, 2021

IGT Lawsuit Adds New Chapter To Eternal Wire Act Saga

It has been 60 years since President Kennedy signed it into law, but instead of fading into irrelevance the Wire Act remains significant as the U.S. gaming industry transitions into a digital era.

December 1, 2021

UK Gambling Addiction Treatment Reports Improvements, But Fewer Clients

A high percentage of people completing the UK’s National Gambling Treatment Service measurably improved their condition, but fewer people received treatment in the 2020-21 fiscal year, GambleAware has said. About 92 percent of those completing the treatment improved their Problem Gambling Severity Index scores, the non-profit group said on Tuesday.

December 1, 2021

Personnel Moves - November 2021

John Coleman stepping down as Microgaming CEO, Canadian Gaming Association appoints four new members to its board of directors, inaugural chair of the Victorian Gambling and Casino Control Commission named.

November 30, 2021

AISPs Win As FCA Changes SCA Rules

From March 26, 2022, UK banks will be encouraged to only use strong customer authentication for the first access request from an account information service provider, the Financial Conduct Authority (FCA) has said

November 30, 2021

Non-Banks Have Two Weeks To Apply For e-Money Licence In Philippines

The Philippines central bank has imposed a two-year moratorium on electronic money issuer licences to non-banks, starting from December 15.

November 30, 2021

Japan’s Banks Plot Digital Currency Launch In 2022

A coalition of Japan’s financial institutions has committed to issuing a digital currency to the Japanese population in late 2022, with trials beginning as early as this year.

November 30, 2021

Entain Fined Again, Warned Licence At Risk In Australia

The Northern Territory Racing Commission has issued a second maximum fine to sports betting giant Entain Group for offering bonuses to potential customers, warning of licence cancellation in the event of a third “extremely serious” breach.

November 30, 2021

New U.S. Sports-Betting Regulators To Monitor Ad Boom

As some legislators and regulators in established U.S. sports-betting states have begun to express concern over advertising saturation, regulators in new markets say it is something they will monitor. Regulators from Arizona, Louisiana and Maryland spoke about advertising and a host of other topics on VIXIO GamblingCompliance’s “Meet the Regulators” webinar earlier this month.