Insights Archive

February 8, 2024

Wise Takes Fight Against Junk Fees To Capitol Hill

With a new survey on US consumer attitudes towards junk fees in hand, Wise is taking its fight against hidden charges in cross-border payments to lawmakers on Capitol Hill.

February 8, 2024

Nordic-Baltic Banking Groups Issue Pre-Election EU Wishlist

Banking associations in the Nordic and Baltic countries have set out their hopes for the EU’s next political mandate, including topics such as payment services and money laundering prevention.

February 8, 2024

Daily Dash: Worldpay Now An Independent Company

Worldpay has closed its previously announced transaction to become an independent company, and Sweden’s Swish app has begun the process of switching over to a Riksbank system for settlements.

February 7, 2024

Future Brighter For 'Skill-Game' Machines In Pennsylvania, Virginia

Although regulated skill game machines in Virginia and Pennsylvania could generate significant tax revenues, gaming companies remain opposed to any efforts to legitimize what they see as a threat to their industry.

February 7, 2024

Brazil's First Licensing Window To Open In March

José Francisco Manssur, who is tipped to become Brazil’s chief gambling regulator, has revealed that the first licensing window for online betting will be open from March to June.

February 7, 2024

DraftKings, Fanatics Battle On Display In New Lawsuit

The simmering war between DraftKings and Fanatics has taken a new turn, with DraftKings suing a former company executive claiming he stole confidential information and took it with him to a new position at the rival operator.

February 7, 2024

Romanian Gambling Industry Braced For Another 'Tough' Year

Romania’s gambling market is braced for more difficulties this year despite 2023 being the “toughest year for the industry”, according to the vice president of trade group Rombet, Dan Iliovici.

February 7, 2024

What Are The Lessons Learned From India's UPI Success?

The Unified Payments Interface (UPI), the instant payment system at the centre of India’s digital finance revolution, has positioned the country as a global leader and has the potential to expand internationally.

February 7, 2024

Daily Dash: Worldline, Commerzbank Expand Instant Payments Partnership In Switzerland, EU

Worldline has equipped Commerzbank to meet new instant payments regulations in the EU and Switzerland, while Tesco has given the all-clear following a major one-day outage of its contactless payment systems.

February 6, 2024

Massachusetts To Take Action Over BetMGM College Prop Bets

Two hearings for sports-betting operators seeking to exit Massachusetts are expected to resume Thursday, while no date has been set yet for an adjudicatory hearing concerning BetMGM accepting thousands of proposition bets on college football games in violation of state regulations.

February 6, 2024

Panel Debates Black, White, Grey Gambling Markets

Black markets are an “area of criminality”, with most marketplaces “inherently compromised by crime”, said an executive with a company that monitors illegal gambling.

February 6, 2024

Curaçao Issues First New Look Licence

Curaçao has licensed the first gambling company under its transitional regime, as it moves towards complete reform of its controversial licensing system.

February 6, 2024

UK Gambling Commission To Launch Financial Risk Check Pilot Scheme

The UK Gambling Commission will launch a pilot scheme for financial risk checks in the “coming weeks”, according to executive director Tim Miller.

February 6, 2024

'Something People Care About': MEPs Unanimous Before Wednesday's Instant Payments Vote

Members of the European Parliament (MEPs) debated the Instant Payments Regulation on Monday (February 5), which is due to be voted on during a plenary session on Wednesday with various factions signalling support for its passage.

February 6, 2024

Fragmented US Privacy Laws To Challenge Payment Firms

US privacy regulations are becoming a complex web of federal and state laws, with new rules at both levels set to be adopted this year as the country moves towards open banking.

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).