Insights Archive

July 3, 2023

New Jersey Sets New Five-Year Sunset Period For Internet Gaming

New Jersey Governor Phil Murphy signed legislation on Friday to renew the state's wildly successful internet gambling law, but the battle over the reduced extension of the law to five years may be just the beginning.

July 3, 2023

White Paper Fails To Ease Pressure On UK Gambling Ads

Despite its notable absence from the government's policy white paper, the issue of gambling advertising in football continues to drive headlines in the UK, as pressure groups maintain their demands for action.

June 30, 2023

’An Easy Switch’: US Fed Dual-Routing Set To Take Effect

A US requirement mandating card issuers to enable dual routing for online transactions is set to come into effect on Saturday (July 1) and experts believe the switch should go smoothly.

June 30, 2023

Week In Crypto: You Have No Jurisdiction Over Crypto, Coinbase Tells SEC

Coinbase responds defiantly in its battle with the US Securities and Exchange Commission (SEC), Binance loses access to euro deposits and withdrawals, and FTX’s former head of compliance is accused of bribing whistleblowers to stay quiet.

June 30, 2023

MEPs Ready To Begin Negotiating With Council On Instant Payments, Including SFD Amendment

Members of the European Parliament have easily voted through their position on the Instant Payments Regulation, as the European Commission has strongly hinted that it would back the Settlement Finality Directive (SFD) being amended in this legislation over the new Payment Services Directive (PSD3).

June 30, 2023

Daily Dash: Visa Confirms Pismo Acquisition

Visa has announced a move into issuer processing and core banking with its Pismo acquisition, Lithuania has set out its National Fintech Guidelines, and Shanghai Clearing House has launched e-CNY clearing and settlement.

June 30, 2023

Massachusetts To Require Age Restrictions On Stadium Sports-Betting Logos

After a somewhat contentious hearing, the Massachusetts Gaming Commission has narrowly approved an amended regulation that requires a logo of a sports-betting brand to include language that only those over the age of 21 can participate in wagering.

June 30, 2023

NFL Suspension Of Four Players Underscores Struggle With Regulated Betting

The National Football League (NFL) on Thursday announced the suspension of four players, including three for the entire 2023 season which begins in September, for violating league rules by betting on NFL games last year.

June 30, 2023

Hungary Orders Payment Blocking Against Offshore Operators

Hungary’s gambling regulator has promised tougher action against “illegal online gambling” as it prepares to use its new powers and enforce strict payment-blocking measures.

June 30, 2023

Swedish Court Overturns Fine In Money Laundering Act Case

An administrative court has overturned a 2022 Swedish Gambling Authority fine against AB Trav & Galopp (ATG) levied for violations of Sweden’s money laundering laws.

June 30, 2023

News In Brief: June 26-June 30, 2023

Belgium's ban on gambling ads is set to go ahead after it avoided defeat by legal challenges spearheaded by sports teams.

June 29, 2023

Payments D-Day Confirmed: EU Unveils Its New Payments Legislation

The European Commission has published its payments, open finance and digital euro legislation to optimism from payments insiders.

June 29, 2023

Calls Grow For Social Media Companies To Be Held Liable For APP Fraud

Facing growing criticism of its new rules on APP fraud reimbursement, the UK’s Payments Systems Regulator has said it is "confident" that its plans will drive the right consumer outcomes.

June 29, 2023

ACI Worldwide Fined $25m For Mistakenly Sending $2.3bn In Real Payments During Test Run

The US Consumer Financial Protection Bureau has fined ACI Worldwide and its subsidiary ACI Payments for initiating around $2.3bn in mortgage payments while running a test.

June 29, 2023

Mystery Surrounds Huge Cut In Renewal Of New Jersey iGaming

The author of an amendment to dramatically reduce the extension of New Jersey's internet gaming market is still unknown and the ultimate fate of the amendment remains uncertain ahead of a key legislative deadline.

June 29, 2023

Brazil Match-Fixing Panel Probes Plan for Sports-Betting Regulation

A senior figure in Brazil's Ministry of Finance testified before a congressional investigative commission on match-fixing on Tuesday, using the time to reassure members that both a bill and an emergency measure to regulate sports betting would be introduced before a parliamentary recess next month.

June 29, 2023

Dutch Minister Backs KSA To 'Take Action' Against Ad Violations

The Dutch gambling minister has reassured lawmakers that the Netherlands Gambling Authority (KSA) will “take action” against violations of the incoming advertising restrictions, as a major operator pauses its affiliate programme until the impact of the changes becomes clear.

June 29, 2023

Ohio Regulator Bars Inducements Connected To Non-Gaming Transactions

Ohio’s gaming regulator is instructing operators to cease any promotions that offer a sports-betting inducement that is connected to a non-gaming transaction and proposing rules to eliminate any uncertainty to that effect.

June 29, 2023

Gibraltar Hopes It Does Not Become 'Last Victim Of Brexit'

A shock Spanish election result means Gibraltar faces a reckoning over long-stalled negotiations on a “Gibexit” border deal that would guarantee free access for online gambling and other employees at its border with Spain.

June 28, 2023

Third Time Lucky For US Payment Choice Act?

After two consecutive defeats in 2019 and 2021, a bipartisan group of lawmakers has re-introduced the Payment Choice Act, in a bid to mandate cash payment acceptance throughout the US.

June 28, 2023

UK Regulators Emphasise Fairness In Premium APIs Principles

The UK regulators’ Joint Regulatory Oversight Committee has unveiled five high-level principles for banks and registered third parties to follow when agreeing a premium application programming interface (API) commercial model.