Insights

Your window into the complex world of compliance and regulations

Our industry experts regularly spend time with lawmakers, regulators and industry participants to get to the heart of regulatory issues. We deliver our expert insights across multiple media to ensure timely delivery of information to meet your everyday needs.

From quick blog insights through to industry events, we provide you with the depth and breadth of knowledge needed to help you make the right business decisions, staying compliant and gaining a competitive advantage.

Automatic Pix Goes Live, Enabling Recurring Payments in Brazil

Pix, Brazil’s instant payments system, has introduced a recurring payments mechanism, aiming to simplify bill payments for consumers.
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Sweepstakes Ban Under Consideration in New York, Vetoed In Louisiana

As one state legislature looks to reinforce regulatory actions against sweepstakes gaming operations, another has seen the governor veto a legislative ban, calling it unnecessary.
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Pay.UK Sets Out Ideas For Reforming UK’s Payments Infrastructure

Payment system operator Pay.UK has unveiled a package of proposed reforms to the organisational framework for interbank payments, urging “radical” change to prevent the UK falling behind on infrastructure and innovation.
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Presidential Decree Confirms Brazil Betting Tax Hike

A sharp increase in the main tax applied to online betting in Brazil became reality late Wednesday when an emergency decree was published in the Brazilian government’s official gazette.
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Visa, Mastercard Targeted In UK With New Multi-Billion Card Fee Claim

Harcus Parker, a UK-based commercial litigation law firm, is to launch a second class action lawsuit against Mastercard and Visa on behalf of merchants.
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Payments

Nigeria Supreme Court Postpones Ruling On Cash Swap Until After Election

Nigeria’s Supreme Court has voted to postpone a key decision on the withdrawal of "old series" naira banknotes until after the country’s presidential election following criticism.
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Payments

Libya Embarks On Payment Modernisation Journey With EU Backing

Libya is planning to launch a new instant payment system and open banking framework, supported by the EU and part of a wider effort to boost the digitalisation of financial services in the war-worn country.
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Payments

U.S. Legislative, Legal Battles Continue Over Unregulated Gaming Machines

The dispute over whether supposedly skill-based games found in convenience stores throughout the U.S. should be made legal and taxed or simply legislated out of existence continues to play out as lawmakers in various states have been unable to resolve the issue through legislation.
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Gambling

Atlantic City College To Offer Esports Degree As States Seek To Lead Sector

A New Jersey college is poised to offer a Bachelor of Science degree in esports management, in the latest sign of the increasing importance of esports in key gaming states.
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Gambling

South Korean Lawmakers Advance Online Racing Reforms

After a lengthy delay, the South Korean legislature is heading toward legalising online betting for horseracing in response to pandemic impacts on industry revenue.
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Gambling

No Head Of Gambling Policy As Premier League Looks Set To Vote On Sponsorships

The UK's Department for Digital, Culture, Media & Sport has said there is currently no minister appointed to oversee the country’s gambling policy.
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Gambling

News In Brief: February 20-February 24, 2023

Brazilian state launches first ever regulated sports-betting site, Hong Kong will extract an additional HK$12bn from the Hong Kong Jockey Club over five years and Missouri committee favours bill without VLTs.
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Gambling

UPI Meets PayNow As India-Singapore Payments Linkage Goes Live

India and Singapore have announced that the bilateral linkage of their instant payment systems, UPI and PayNow, is now live, marking the first linkage of its kind for India.
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Payments

Open Banking Surpasses Seven Million Milestone In UK

Open banking products are being used by 7m UK customers, it has been announced, five years on from the regulatory requirements introduced by the revised Payment Services Directive (PSD2).
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Payments

Extend RTGS Operating Hours For Cross-Border Payments Boost, Says BIS

A new report by the Bank for International Settlements (BIS) has called on central banks to improve cross-border payments efficiency by extending the operating hours of real-time gross settlement (RTGS) systems.
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Payments

CBDC Pilots Ready For Take Off In Brazil, Russia And Japan

Brazil, Japan and Russia have become the latest economies to announce a pilot for a central bank digital currency (CBDC) as global momentum continues.
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Payments

U.S. Betting Operators Begin To Re-Evaluate League, Team Partnerships

U.S. sports-betting market leaders have begun to take different stances in pursuing partnerships with professional sports leagues and their teams that have been a common but expensive marketing tool in recent years.
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Gambling

Australia's Online Regulator Punishes BetDeluxe Over Spam

Australia’s national online gambling regulator has fined corporate bookmaker BetDeluxe more than A$50,000 ($34,200) for spamming customers and ordered an operational review, the second such punishment since issuing a massive fine to Flutter subsidiary Sportsbet.
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Gambling

Swedish Regulator Will Not Issue Umbrella Supplier Licence

The Swedish Gambling Authority has said it will not issue umbrella licences or permits to online gaming suppliers, despite major concerns from industry stakeholders that this will be costly and time-consuming.
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Gambling

Greece To Use TIPS For Government Payments

The Bank of Greece has announced it will be the first central bank in the Eurosystem to join the TARGET Instant Payment Scheme (TIPS) as the beneficiary's bank for domestic and cross-border government payments.
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Payments

UPDATE: Custodia Bank Sues Fed (Again) After Failed Master Account Application

Custodia Bank, a major digital asset bank based in Wyoming, has filed an amended complaint against the US Federal Reserve following the rejection of its master account application last month.
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Payments

PayPal, Zip Back Australian BNPL Regulation

Large firms in the buy now, pay later (BNPL) arena support the Australian government's plans to regulate the growing sector, but could the collapse of provider Openpay affect final policy decisions?
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Payments

Finnish Health Body Says Evidence For Licensing Lacking

The Finnish Institute for Health and Welfare (THL) has warned the government that any change to the current licensing system must be based on evidence, which it claims does not show an increase in problem gambling or gambling outside the monopoly.
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Gambling

Brazil Betting Scandal Adds To Urgency For Regulatory Regime

A high-profile football match-fixing scandal in Brazil’s second division is piling pressure on the new Lula government to now swiftly implement a licensing system for sports betting, more than four years after legislation was enacted.
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Gambling
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Bailey Cool On UK CBDC Suggestions

Hopes of a British central bank digital currency (CBDC) were dealt a blow by the governor of the Bank of England, Andrew Bailey, who said he “remained to be convinced” of the need for one.
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EU Lawmakers Insist Digital Euro Must Safeguard Privacy And Preserve Cash Access

The European Parliament’s Civil Liberties Committee (LIBE) has called for stronger guardrails for privacy and guaranteed access to physical cash in its opinion on the EU's proposed legislation to establish a digital euro.
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Regulatory Influencer: Malta’s Key Observations on Website Practices of Crypto-Asset Service Providers

Earlier in the year, the Malta Financial Services Authority (MFSA) conducted a thematic review of websites belonging to all the crypto-asset service providers (CASPs) authorised by the MFSA in relation to Regulation (EU) 2023/1114 on Markets in Crypto-Assets (MiCA). This was part of the MFSA’s commitment to consumer protection, ensuring that the information provided was fair, transparent and not misleading. Following its review of websites, the MFSA sent out a Dear CEO letter to CASPs laying out its findings.
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Regulatory Influencer: The Philippine Central Bank As Payments Policeman And… Online Gambling Saviour?

The Philippine online gambling industry’s rapid transition from a disgraced foreign-facing segment to flourishing domestic sector is approaching a crunch moment as payments channels come under unprecedented scrutiny.
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Peru President Vetoes Consumption Tax Bill

Peru’s president has partly vetoed a bill that would reduce the impact of a controversial consumption tax applied to online gambling.
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Ukraine Releases Flurry Of Consultations As It Seeks To Update Gambling Rules

Ukrainian licence holders will only have two months to comply with a long list of updated regulations under a key new proposal, as the country unleashes a flurry of consultations aimed at updating and aligning rules as well as improving industry oversight.
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California Tribes Seeking Second Win With Anti-Sweepstakes Legislation

In the wake of an opinion from California’s attorney general that threatens the future of daily fantasy sports in the state, Indian gaming tribes are looking to score a second major policy victory that could threaten sweepstakes operations as well.
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Pennsylvania Issues New Guidance For Virtual Dealers, Promo Bets

Pennsylvania regulators have issued a deadline for online gaming operators and suppliers to come into compliance with a series of new requirements for virtual dealer table games and a specific version of online blackjack.
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ECB Marches On With Digital Currency Plans

The European Central Bank (ECB) is drafting a new digital asset scheme rulebook as it lays the groundwork for the introduction of a digital euro.
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UK Strategy Targets Growth Via Payments And SM&CR Changes

Finance minister Rachel Reeves has unveiled reforms intended to inject momentum into the economy, promising to slash red tape and accelerate upgrades to the country’s payments infrastructure.
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