Insights Archive

January 31, 2024

New York Sues Citibank Over Fraud Protection Failings

Citibank maintains poor security and anti-fraud protocols that are leading to consumer losses, New York’s attorney general Letitia James has said as she sues the retail banking giant.

January 31, 2024

EU's PSR 'The Last Sweep' For Commercial Agent Exclusion

The commercial agent exclusion looks set to be no longer viable in the EU’s Payment Services Regulation (PSR), as the requirements to be able to use it become tighter.

January 31, 2024

Daily Dash: Netherlands Launches New Consultation On Access To Cash Bill

The Netherlands is seeking views on a new bill that could impose mandatory ATM requirements on large banks, and Circle has reignited its bid to become the world’s first publicly traded stablecoin issuer.

January 31, 2024

Chinese Lotteries Smash Sales Record To Hit $81bn

China’s lottery industry hit an all-time volume record in 2023, racking up a 36.5 percent increase in sales to $81bn on the back of an aggressive sports-betting market.

January 30, 2024

Maryland Bills Set Stage For Online Gaming Push

Maryland Democratic state Senator Ron Watson has filed two internet gaming bills that could potentially raise millions of dollars in new tax revenue if concerns over cannibalization of gaming revenues and job losses can be addressed.

January 30, 2024

Brazil To Curb Social Media Influencers' Endorsement Of Online Gambling

The Brazilian Ministry of Finance is reportedly preparing an ordinance to control sponsored content from influencers and celebrities when it comes to endorsing online gambling.

January 30, 2024

Northern Ireland APG Preparing Gambling Reform Recommendations

Northern Ireland’s All Party Group on Reducing Harm Related to Gambling (APG) is preparing a list of recommendations to the Northern Ireland Executive on gambling reforms, but legal changes are still likely many years away.

January 30, 2024

'A Total Farce' - Spotify Rubbishes Apple's New iOS, App Store Plans In EU

Spotify has voiced strong opposition to Apple’s new commissions and app payment rules within the EU, calling them a "new level of arrogance" and an affront to the Digital Markets Act.

January 30, 2024

CBDC Opposition Gains Traction In US

Anti-CBDC bills are gaining traction in the US, driving debate on the potential impacts of bringing in a digital currency. Although they could threaten international US dollar dominance, firms eye the opportunities and risks of introducing central bank digital currencies (CBDCs).

January 30, 2024

Manhattan Calls On Venmo, Zelle And Cash App To Improve Customer Protection

The Manhattan District Attorney’s Office has asked the companies that own Venmo, Zelle and Cash App to provide better consumer protections following a spike in payment app thefts.

January 30, 2024

Lithuania Imposes New Anti-Scam Rules On Mobile Operators

Lithuania’s Communications Regulatory Authority has ordered mobile operators to combat fake text messages sent by fraudsters, in a sign of European authorities trying to reduce authorised push payment (APP) fraud risks.

January 30, 2024

Daily Dash: PayPal Launches Six New Features

PayPal has announced the launch of six new features in the US, focusing on seamless checkouts and personalised offers, and Swiss digital wallet app TWINT has announced that it almost doubled its in-store transactions in 2023.

January 30, 2024

Eventus Says GST, Not Legal Risk, Forced SPiCE India's Relocation

Eventus International, organiser of the SPiCE India gaming conference and exhibition, has rejected a media report that it relocated this year’s Goa event to the Sri Lankan capital to avoid legal or immigration problems over gambling company sponsors.

January 29, 2024

Gaming Bills On The Move In Virginia

Virginia lawmakers are preparing to revisit the two landmark laws from 2020 that brought legal sports betting and casino gaming to the state, as they weigh alternative host cities for casinos and reconsider a prohibition on wagers on in-state college teams.

January 29, 2024

Irish Regulator Dismisses Concerns Around Ad Restrictions

The head of Ireland's new gambling regulator has dismissed gambling and sports industry concerns surrounding proposed advertising restrictions in a radio interview.

January 29, 2024

Daily Dash: Tink, Token.io Confirmed As Latest Members Of Europe's SPAA Scheme

Europe’s latest open banking scheme has welcomed its two newest members, and Alipay+ has made inroads into Pakistan through a partnership with digital wallet provider NayaPay.

January 29, 2024

Bank Of England Tries To Allay Privacy Concerns In CBDC Consultation Response

The Bank of England has responded to its first public consultation on the digital pound with new assurances on user privacy and control — two key concerns among the public.

January 29, 2024

New Sub-Merchant Expectations On Horizon For Dutch Payment And E-Money Firms

De Nederlandsche Bank has recently consulted on best practices for dealing with sub-merchants, an area of payment and e-money institutions business that poses potential money laundering risks.

January 29, 2024

French Regulator Reveals New Strategy

France’s gambling regulator ANJ has promised a renewed fight against illegal gambling as it unveiled its strategy for the next two years, but emphasised that a need to drive down excessive gambling “inspires all its actions”.

January 29, 2024

Georgia Senators Present Bipartisan Sports-Betting Plan

New bipartisan legislation that would legalize mobile sports betting has revived a years-long legal debate in Georgia as to whether the activity can be approved without amending the state’s constitution.

January 29, 2024

Industry Calls For Clarity Over Brazil Bonus Ban

Forthcoming regulations should clearly define the scope of Brazil’s apparent ban on online betting bonuses to avoid distorted competition among operators who may arrive at varying legal interpretations, according to industry executives and lawyers.