Insights Archive

July 22, 2024

Top CEOs Warn Harsh Regulations Bolster European Black Market

The CEOs of Flutter, bet365, Entain and others have written an open letter claiming European lawmakers are fuelling a “worsening” black market with overly tough regulations.

July 19, 2024

Pennsylvania Remains Ground Zero In Skill-Games Regulatory Battle

As the gaming industry waits for the Pennsylvania Supreme Court to rule on the legality of unregulated skill-game devices, some lawmakers and casino executives believe it may be too late to implement a total ban on the machines, forcing the industry to find an alternative solution.

July 19, 2024

Colombia Regulator Blocks Thousands Of Gambling Sites

Colombia's Coljuegos has continued its strategy of blocking the websites of unauthorised operators, announcing this week that a total of 8,676 sports-betting and online casino websites have been blocked in the country to date.

July 19, 2024

News In Brief: July 15-July 19, 2024

Global mega-supplier Evolution has acquired table-games provider Galaxy Gaming for around $85m.

July 19, 2024

German Court Says Regulator Can Ban Slots Streaming From Abroad

A German court has affirmed the right of the Joint Gambling Authority of the Federal States to ban streaming of online slots games from foreign venues, the regulator has said.

July 19, 2024

Vixio Summer Fraud Series: Preparing to Comply with the UK’s APP Fraud Reimbursement Rules (Part 1)

On July 12, 2024, the Payment Systems Regulator (PSR) published Policy Statement (PS) 24/3: Faster Payments Scheme (FPS) authorised push payment (APP) scams reimbursement compliance and monitoring. The PS follows the PSR’s April 2024 consultation for all payment services providers (PSPs) in scope of the reimbursement requirement policy to report data and information to Pay.UK, so as to allow it to effectively monitor and manage compliance with the FPS reimbursement rules.

July 19, 2024

Week In Crypto: Tether Hit By New Price Manipulation Lawsuit

Tether faces renewed allegations of crypto price manipulation, BitMEX is convicted of anti-money laundering failures, and India’s largest crypto exchange is hacked by North Korea.

July 19, 2024

US Fintech Association Calls On CFPB To Postpone New BNPL Rules

The American Fintech Council has urged the Consumer Financial Protection Bureau (CFPB) to give firms more time to comply with an upcoming rule on buy now, pay later (BNPL) products.

July 19, 2024

Daily Dash: European Supervisory Authorities Unveil Second Batch Of DORA Standards

The European supervisory authorities (EBA, EIOPA and ESMA) have released the second batch of policy products under the Digital Operational Resilience Act (DORA), while the Bank of England has warned that high-value payments are being disrupted by a global issue.

July 18, 2024

Ohio Lawmakers Seek To Eliminate College Prop Bets, Wyoming Tables Potential Ban

A group of Ohio lawmakers has called on the state’s gaming regulator to rescind its decision to prohibit player-specific proposition bets on collegiate athletes, arguing they are no different from professional sports.

July 18, 2024

Brazil's Bettors Cut Spending To Keep Gambling, Says Survey

A Brazilian consumer survey has revealed that nearly two-thirds of those who participate in online gambling have had their income “compromised” by it.

July 18, 2024

New Head Dutch Regulator Outlines Plans To 'Expand' Supervision

The new head of the Dutch gambling regulator wants to tackle illegal gambling, “scale up” the supervision of online operators' duty of care and strengthen international collaboration.

July 18, 2024

DORA Deadline Is Closer Than You Think, Dutch Central Bank Warns

Financial institutions need to act now if they are to meet the January 17, 2025 deadline for the implementation of the Digital Operational Resilience Act (DORA), according to the Dutch Central Bank.

July 18, 2024

Smart Data Bill Back On Agenda At Opening Of New UK Parliament

Fintechs are likely to be pleased as the new UK government commits to passing a new smart data bill in the coming year.

July 18, 2024

'No Good Reason' For AML Reforms To Target Law Firms, Say Australian Lawyers

The head of an Australian legal association has called on the federal government to reverse its plans to impose suspicious matter and other reporting obligations on law firms.

July 18, 2024

Daily Dash: Contactless Payments Surge As Debit Card Insertions Decline In Netherlands

New data from the Dutch Payments Association shows that contactless is taking over the debit card market, while Indonesia and South Korea have agreed to cooperate on a framework for cross-border payments connectivity.

July 17, 2024

Greek Regulator Seizes Operator's Bank Account Over Late Tax Payments

Greek regulator the Gaming Supervision and Control Committee (EEEP) has published a brief statement declaring that it knows a “serious operational problem” exists within online operator Betshop.

July 17, 2024

Meta Helping Ukrainian Authorities Remove Illegal Gambling Ads

Ukraine’s gambling regulator has praised its work with US-based technology giant Meta to help tackle illegal advertising on its social media platforms.

July 17, 2024

Regulatory Influencer: UK Regulators Seek Views On The Benefits Of Digital Wallets

The UK Payment Systems Regulator (PSR) and the Financial Conduct Authority (FCA) have issued a joint call for information, aiming to identify the benefits and risks of using digital wallets.

July 17, 2024

ESMA Releases Q&As Addressing MiCA Authorisation Issues

The latest Q&As from the European Securities and Markets Authority (ESMA) focus mainly on issues related to authorisation under the Markets in Crypto Assets (MiCA) regulation.

July 17, 2024

EU Imposes Sanctions Over West Bank Abuses

European leaders have approved new restrictive measures against five persons and three entities under the EU’s Global Human Rights Sanctions Regime.