Insights Archive

June 28, 2023

India Fines Its Four Credit Bureaus As It Steps Up Consumer Protections

The Reserve Bank of India has fined the country’s four credit reporting agencies after it found inaccuracies in their credit reports and bad handling of complaints.

June 28, 2023

PointsBet Recommends Increased Fanatics Offer For U.S. Business

PointsBet announced late Tuesday that its board of directors will recommend that shareholders accept an increased offer from Fanatics to purchase its U.S. business for $225m.

June 28, 2023

EU Action Possible Against Ukraine-Sanctioned Operators, Dutch Minister Says

European Union (EU) sanctions could be considered against Russia-linked companies sanctioned by Ukraine that are based in Curaçao, the Netherlands foreign minister has told the Dutch parliament.

June 28, 2023

Philippine Police Rescue 2,700 Enslaved POGO-Linked Workers

Philippine police have rescued more than 2,700 suspected victims of human trafficking in a single operation targeting a compound in southern Manila controlled by a PAGCOR-licensed online gambling service provider.

June 28, 2023

New Jersey Online Gaming Extension Slashed From Ten To Two Years

New Jersey, the largest U.S. market for internet gaming, is on the verge of approving a massive reduction from ten to two years for the extension of legal and regulated online casino operations.

June 28, 2023

Australian Parliament Report Backs Total Ban On Online Gambling Ads

An Australian parliamentary committee has called for online gambling advertising to be banned in its entirety in four phases over three years, the most punishing of 31 sweeping recommendations that industry lobbyists call “a step too far” and “short sighted”.

June 28, 2023

Kenyan President Approves Gambling Tax Increase

Kenya has approved raising the excise duty on all forms of gambling to 12.5 percent and the introduction of a 15 percent tax on gambling adverts.

June 27, 2023

Tokenisation Next On List For Australia’s Co-Badged Debit Cards

The Reserve Bank of Australia (RBA) is seeking feedback on new proposals that would lay the groundwork for the standardising of debit card tokenisation for online transactions.

June 27, 2023

Brazil To Roll Out Pix Recurring Payments By Spring 2024

Brazil has officially announced plans for a new recurring payment service using the country’s popular instant payments service Pix, which is designed to enable widespread usage by also targeting underserved customers.

June 27, 2023

Croatia Becomes Only Second EU Member To Be Greylisted

The Financial Action Task Force’s (FATF) increased monitoring list has added three new members, including the Balkan State, after the watchdog completed its plenary session.

June 27, 2023

Deconstructing MiCA (Part 1): Background, Scope and Biggest Changes

This regulatory analysis will take a closer look at the Market in Crypto-Assets regulation's (MiCA) background, scope and the key changes introduced by the legislation. It will also provide information concerning the regulation’s impact, timelines of application and next steps for market participants. This analysis is the first in a series of MiCA-focused pieces.

June 27, 2023

Texas Governor Says Legislative Lottery Courier Ban Is Unconstitutional

Texas Republican Governor Greg Abbott has said a legislative effort to potentially limit the use of online lottery courier services in the state is unconstitutional.

June 27, 2023

Grey-Market Machines Disabled As Lawsuit Determines Their Legality In Kentucky

A Kentucky judge has signed off on an agreement reached between the state attorney general and Pace-O-Matic to disable thousands of skill-based games, also known as grey-market machines, while the constitutionality of a ban passed by the legislature is challenged in court.

June 27, 2023

Irish Minister Vows To 'Clear Off' And 'Move On' Gambling Bill

Ireland’s Gambling Regulation Bill 2022 will go to the report stage on July 11, as the government minister overseeing it aims to “clear it off and move it on”.

June 26, 2023

Bankruptcy Proceedings Beckon As Lithuanian Authorities Revoke PayrNet Licence

The licence of the once Railsr subsidiary has been revoked by the Bank of Lithuania for what the regulator says are serious violations of compliance requirements.

June 26, 2023

PSR Urges Digital Pound Not To Repeat Past Payment Failures

In its response to the UK’s digital pound consultation, the Payment Systems Regulator (PSR) recommends policymakers consider the lessons learned from authorised push payment fraud, Faster Payments and the failed Paym service.

June 26, 2023

Brazil To Proceed On Two Tracks For Sports-Betting Legislation

A forthcoming provisional measure to enact a sports-betting law in Brazil is expected to deal exclusively with taxation and penalties, while an accompanying bill will address other issues, including match-fixing, local legal experts say.

June 26, 2023

Manila's Valenzuela City Bans Online Gambling Operations

The city of Valenzuela in northwestern Metro Manila has banned foreign facing online gambling operators (POGOs), becoming the third Manila locality to place restrictions on the struggling industry segment.

June 26, 2023

ID Rules For British Columbia Casinos, New Jersey Diversion Court Bill Stalled

Beginning Monday, entering casinos in at least one Canadian province will take a bit of extra time, as the British Columbia Lottery Corporation begins checking the identification of all visitors before allowing them to enter.

June 23, 2023

Week In Crypto: BlackRock Bets Big On Bitcoin ETF, But Will The SEC Budge?

BlackRock bets big on bitcoin, major European banks move into crypto custody, crypto exchanges face further restrictions in Australia and the LUNA founder is sentenced to four months in prison.

June 23, 2023

Australia Considers Mandating Card Network Choice For Merchants

The Reserve Bank of Australia has outlined new plans that would abolish the use of default network settings on dual-network debit cards, but the central bank is wary that compliance costs could be high.