Insights Archive

October 2, 2023

Daily Dash: Apple Set For New Apple Pay Antitrust Case

Apple is expected to face an antitrust class action lawsuit related to iPhone near-field communication technology, a UK regulator has set out its financial inclusion ambitions, and Mastercard fingerprint payments have gone live with Mercedes pay+.

October 2, 2023

Tensions Surface As MEPs Lobby ECB For Digital Euro Delay

Members of the European Parliament have called on the European Central Bank (ECB) to delay the “realisation” phase of the digital euro until the EU’s legislative package for it has been approved.

October 2, 2023

PSD3 Update: MEPs Assigned Key Payments Legislation Roles

Marek Belka has been made rapporteur for the EU’s new payments legislation, while instant payment rapporteur Michiel Hoogeveen will take the lead on the open finance framework.

October 2, 2023

German Regulator Consults On 'Welcome' Payments Institution Guidance

Germany’s Federal Financial Supervisory Authority (BaFin) is consulting on its first-ever guidance for payments and e-money institutions, with a focus on risk management.

October 2, 2023

India Suspends Online Self-Regulation As Tax Attack Mounts

India has dealt a new blow to the online gaming industry by suspending its industry self-regulation initiative mere months after announcing it, amid disagreement between government departments over industry policy.

October 2, 2023

Bidding War For One Of Italy's Biggest Operators

Flutter Entertainment and Playtech, which trades under the consumer-facing brand Snaitech, have reportedly lodged separate bids to acquire PlanetWin's parent company, SKS365.

September 29, 2023

Chile Commission Approves 12-Month Blackout For Offshore Operators

The economy commission in Chile’s Chamber of Deputies has approved legislative provisions that would prevent grey-market operators from applying for an online licence for 12 months, although members will vote next week on a transition article that will provide a way for said operators to be licensed without waiting.

September 29, 2023

MGM, Caesars Cyberattacks Alert Regulators To Cyber Risk

The cyberattack that crippled MGM Resorts International’s casino systems in eight states this month has helped spur commercial and tribal gaming regulators to identify cyber vulnerabilities in the casino industry.

September 29, 2023

News In Brief: September 25-September 29, 2023

MGM Resorts can finally proceed with construction of its Osaka integrated resort (IR) after completing formalities with Osaka’s two governments.

September 29, 2023

Week In Crypto: Binance Sells Russian Business To Unknown Company

Binance offloads its Russian business, Tether admits to issuing unbacked stablecoins, and a US regulator sanctions an Ethereum wallet linked to a Mexican drug cartel.

September 29, 2023

Apple Quietly Launches Open Banking Feature In UK

The bigtech company will now allow users to view their bank balances in their Apple Wallet — a move payments insiders have welcomed.

September 29, 2023

PSR Says APP Fraud Rules Should Apply To PSPs

The UK Payment Systems Regulator (PSR) has proposed that its incoming authorised push payments (APP) fraud reimbursement rules should apply to payment service providers (PSPs).

September 29, 2023

Daily Dash: ECB Hints At ChatGPT Adoption

The European Central Bank (ECB) has identified use cases for AI in its operations, Indonesia has banned e-commerce transactions on social media platforms, and Tempo France has launched a new blockchain-based remittance between the EU and Brazil.

September 29, 2023

Dutch Government Adviser Backs Central Loss Limit Database

An addictions advisor to the Dutch government has recommended the Netherlands consider a central database to enforce mandatory loss limits across the entire gambling market.

September 29, 2023

Nevada’s Top Regulator Seeks Revolution In Technology Oversight

The new chairman of the Nevada Gaming Control Board is advocating sweeping changes that would streamline approvals for gambling technology innovations.

September 28, 2023

North Carolina Still Set To Launch Digital Lottery Games

North Carolina Lottery officials say they will continue with a plan to launch digital instant games in November, despite a new state law that limits the games the lottery can offer.

September 28, 2023

UK Gambling Industry Divided Over White Paper Impacts

Excitement, caution and trepidation are gripping the UK gambling industry as operators attempt to predict the impacts of the ongoing Gambling Act review.

September 28, 2023

Curaçao Minister Says Gambling Reforms Could Avert Grey Listing

Curaçao’s finance minister says the “worrying” possibility of a Financial Action Task Force (FATF) grey-listing next year over money-laundering risk has helped spur an overhaul of online gambling legislation.

September 28, 2023

Polish Monopoly Operator Wants More Blocking, Tax On GGR

Poland’s state-owned gambling operator says regulated play could top 80 percent of the national market if regulators have extra powers to fight the black market, and if gambling tax applies to gross gaming revenue (GGR).

September 28, 2023

ISO 20022 Migration A ‘Huge Success’, But Many Firms Are Yet To Be Persuaded

After the launch of ISO 20022 for cross-border payments and reporting (CBPR+) in March this year, payment market infrastructures are moving to the new standard — but firms are yet to see its potential.

September 28, 2023

Daily Dash: The Spy Who Fled Germany

A fugitive former Wirecard executive has been accused of spying for Russia, EU financial regulators have released a report on critical ICT providers ahead of the Digital Operational Resilience Act, and US regulators have filed an anti-competition lawsuit against Amazon.