Insights Archive

August 21, 2024

Scam Prevention Still 'Immature' Outside Big Four Banks, Says Australian Regulator

Australian banks outside the "Big Four" are failing to update their anti-scam measures in line with current best practices, the country’s financial regulator has said.

August 21, 2024

Instant Payments Are Go For Switzerland

The go-live date for the receipt of instant payments took place this week for large Swiss financial institutions, as the country readies itself for a step-change in payment habits similar to its neighbours in the EU.

August 21, 2024

Daily Dash: Registration Deadline Passes For PSPs Ahead Of APP Fraud Reimbursement Rules

A key deadline has passed ahead of the go-live of the UK’s new rules on scam reimbursement, while in the EU, Luxembourg has launched a DORA Readiness Survey.

August 21, 2024

Japanese Police To Launch Global Probe Into Online Casinos

Japan’s police force is set to begin a major investigation into the use of foreign casino websites by Japanese gamblers, ramping government efforts to disrupt the massive gambling segment.

August 20, 2024

New Jersey Fines Borgata For Overstatement Of Promotional iGaming Credits

New Jersey gambling regulator continued its recent trend of issuing significant monetary fines or ordering licensees to reimburse patrons for violations of the state’s gambling regulations, issuing a $75,000 fine to Borgata Casino.

August 20, 2024

Brazil Licensing Deadline Passes

Today marks the last day operators can file for a licence in Brazil and be guaranteed an answer by the new year.

August 20, 2024

Switzerland's New Stablecoin Rules Have 'No Legal Basis', Says Industry Body

A Swiss blockchain association has criticised the country’s financial regulator for issuing new stablecoin rules with "no recognisable legal basis" and without consulting firms that will be affected.

August 20, 2024

UK Regulator To Publish Draft Proposals On VRP Expansion This Autumn

Payment initiation rules, pricing and mandated participation are still to be decided as the UK moves towards new regulations for variable recurring payments (VRPs).

August 20, 2024

Daily Dash: Bank Of Ireland Says Investment Fraud Attempts Up 76 Percent In 2024

The Bank of Ireland has published new data showing a surge in fraud attempts targeting its customers in 2024, while Ripple has confirmed that it has begun testing its US dollar stablecoin.

August 20, 2024

NSW Court Issues Record Fine To PlayUp Interactive Over Ads

Sydney-based online wagering company PlayUp Interactive has been fined a record A$586,000 ($394,000) over gambling advertising in New South Wales (NSW) state, seemingly marking a tougher approach in punishing corporate bookmakers.

August 20, 2024

U.S. Operators Gearing Up For NFL Season Improvements

Sportsbook operators are preparing for another NFL season with one high-profile operator facing increased pressure to improve its standing.

August 19, 2024

Legal Questions Brew As Brazil Approaches Licensing Deadline

The impending regulation of gambling in Brazil has generated multiple actual and potential legal battles, as the first deadline for applying for licences fast approaches on August 20.

August 19, 2024

American Gaming Association Seeks Crackdown On Sweepstakes Games

The significant growth in popularity of sweepstakes-based casino games in the United States has caught the attention of the leading trade association that represents the regulated gaming industry, which is calling for state regulators to investigate whether the offerings violate local laws.

August 16, 2024

Nevada Regulators Slap Resorts World With AML Enforcement Action

Nevada gaming regulators have issued a 12-count disciplinary complaint against Resorts World Las Vegas and its parent company Genting for allegedly failing to comply with federal anti-money laundering laws by allowing illegal bookmakers to wager millions of dollars at the casino.

August 16, 2024

Week In Crypto: Celsius Wants $2.2bn In Bitcoin Back From Tether

Celsius sues Tether over a historic Bitcoin collateral agreement, Binance is back online in India but offline in Venezuela, and a Hong Kong lawmaker calls for a new type of bank to accommodate digital asset firms.

August 16, 2024

Australian Treasury Minister Calls For 'Reset' Of Open Banking Rollout

An Australian Treasury minister has called for a "reset" of the country’s open banking rollout, after admitting that the compliance costs associated with the required changes are "too high".

August 16, 2024

Daily Dash: Malaysian Regulator Fines Two Banks For Downtime During Outages

Malaysia imposes fines on two banking heavyweights for violating the country’s stringent rules against unplanned downtime in financial services, while India central bank has warned that retail CBDC could threaten bank deposits.

August 16, 2024

News In Brief: August 12-August 16, 2024

MGM inks a joint venture in Brazil and US gaming grows again for the 14th quarter in a row.

August 15, 2024

New York Senator Frustrated By Opposition To Expedited Casino Licensing

A bill to accelerate the licensing process for three new casino-resorts in downstate New York appears unlikely to take effect by the end of August, frustrating its sponsor who wanted regulators to begin accepting license applications by the end of the month.

August 15, 2024

Austrian Ruling More A Risk To Operators Than Gamblers, Says Litigation Funding Firm

A recent Austrian Supreme Court ruling determining that a player had to return their winnings to an online casino without a local licence represents more of a risk to operators than Austrian gamblers, according to a firm that is funding litigation to reclaim gambling losses from offshore companies.

August 15, 2024

Apple's Battle With EU Regulators Could Reshape Mobile Payments In The US

Tech behemoth Apple’s ongoing legal battle with California-based video game developer Epic Games could potentially reshape the mobile payments sector in the US. Although the dispute is taking place in the EU, the outcome could have implications that go far beyond Europe.