Insights Archive

February 6, 2024

'Persistent Non-Compliance' Triggers RBI Lockdown On India's Paytm Bank

Following a “stringent” move by the Reserve Bank of India (RBI), Paytm Payments Bank may now be on borrowed time, but its licence remains intact — at least for now.

February 6, 2024

Daily Dash: RBI Says Time For FIs To Get Smart About Internal Compliance Monitoring

India’s central bank has ordered a review of internal compliance monitoring processes among regulated entities, and the Bank of Japan has confirmed that it will switch to the latest version of ISO 20022 in November 2025.

February 6, 2024

PAGCOR Says Online Licensees Crime-Free, Warns Suppliers

Philippine gambling regulator PAGCOR has announced that “all the criminal activities” among foreign-facing online gambling licensees (POGOs) have been “weeded out”, while admitting industry service providers continue to supply illegal operators.

February 5, 2024

Kansas Senate To Take Up Sports-Betting Advertising Ban

A measure aimed at prohibiting online advertising for sports betting in Kansas is the latest effort by lawmakers to curb public exposure to gambling advertisements.

February 5, 2024

Estonian Government Told Not To Ban Gambling Adverts

Estonia's Ministry of Economic Affairs and Communications has warned that banning gambling advertising will “lead to a series of new concerns” and called for more research ahead of proposed changes to the country’s Advertising Act.

February 5, 2024

EU's Final AML Text Could Be 'Life Or Death' For PISPs, Warn Fintech Groups

Key EU trade associations are seeking clarification on an important recital in the Anti-Money Laundering Regulation that they warn could have negative consequences for payment initiation service providers (PISPs).

February 5, 2024

Fintechs Look To Remittances To Drive Mobile Wallet Reach

Revolut is the latest fintech to launch a mobile wallet aimed at streamlining cross-border payments, as remittances drive the adoption of digital payments between smartphones.

February 5, 2024

Daily Dash: Tata Reportedly Set For Faster Payments Takeover In UK

Indian conglomerate Tata has been tipped to unseat Vocalink as the operator of the UK’s instant payment system, and the Reserve Bank of India has warned against a rise in KYC updation fraud.

February 5, 2024

Ohio Governor, NCAA Call For Prop Bet Restrictions

Ohio’s governor and the National Collegiate Athletic Administration (NCAA) are pushing for the state to restrict proposition betting on college sports, citing ongoing concerns over gambling-related harassment of the players.

February 5, 2024

Dutch Government Mulls Single Customer View

Gambling operators in the Netherlands face the prospect of an enforced “single customer view”, as officials also warn that a full advertising ban looms if the industry cannot improve its image.

February 5, 2024

NSW Mandates Problem Gambling Floorwalkers At Slots Venues

The New South Wales (NSW) state government is set to require gambling venues with more than 20 electronic gaming machines to appoint full-time floorwalkers to monitor problem gambling behaviour.

February 2, 2024

Georgia, Mississippi Mobile Betting Bills Clear First Chambers

Legislation to permit mobile sports betting cleared the Georgia Senate on Thursday, but with a major catch that could impede the bill’s future progress.

February 2, 2024

WynnBET, Betr Exits From Massachusetts Delayed

Two of eight mobile sports-betting operators had planned to exit Massachusetts within the next few weeks but now an exact date is still to be determined as regulators failed to approve their cessation plans.

February 2, 2024

Belgian Minister Calls For Risk Scores On Every Gambling Game

Belgium’s minister of health wants every gambling game, from roulette to slots and lotteries, to display a risk score, to give players more information about gambling addiction.

February 2, 2024

Week In Crypto: Tether's 'Record Profit' Beats Goldman Sachs, Morgan Stanley

Tether reports larger profits than two US mega banks, Binance is sued by American victims of Hamas, and former UK chancellor George Osborne gets a new job at Coinbase.

February 2, 2024

Daily Dash: Celsius Bankruptcy Ends With $3bn Payout To Creditors

Celsius has ended its 18-month bankruptcy proceedings with a major payout to creditors, and mobile payments in the Netherlands continue to see a steady uptick as public transport goes contactless.

February 2, 2024

News In Brief: January 29-February 2, 2024

Allwyn and the UK Gambling Commission address Russia allegations, the National Collegiate Athletic Association bans insider betting coach and Nigeria launches its monitoring system.

February 2, 2024

SkyCity Admits Breaches, Raises AML Penalty Provision To $48m

Adelaide casino operator SkyCity Entertainment Group has increased the amount of cash it is reserving to pay a likely penalty for breaches of anti-money laundering (AML) legislation from A$45m to A$73m (US$48m), following a general agreement with the federal regulator before Federal Court.

February 1, 2024

Mississippi Mobile Sports Betting On The Move At Last

Since Mississippi launched retail sports betting almost six years ago, multiple bills to authorize mobile wagering have been introduced in the legislature but never passed the committee stage, until now.

February 1, 2024

Operator Sues Chilean Regulatory Bodies For Overstepping Authority

Online gambling operator Latamwin Group has sued Chile's casino and telecoms regulatory bodies for trying to impose legal restrictions that fall outside their jurisdiction.

February 1, 2024

Empty Finnish Payment Blocklist Draws Criticism

Finland’s payment blocklist is currently empty a year after its implementation, drawing criticism from a trade group representing the Finnish financial industry, but the National Police Board says it is a good deterrent.