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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Swedish Government Submits Long-Awaited Safer Market Bill

Sweden’s government has submitted its long-awaited bill on measures to bolster payment blocking and further combat match-fixing.
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Gambling

Consortium Chosen To Launch Payments Pilot Using EU Digital ID Wallet

A multi-country consortium has been chosen to deliver a pan-European cross-border payments pilot, in line with the aims of the EU Digital Identity Wallet programme.
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Payments

Switzerland Gives Industry Until Mid-2024 To Build Open Finance

Switzerland’s industry-led open finance approach is gaining ground, so policymakers have decided not to intervene until June 2024.
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Payments

Under A Cloud: US Warns Of Third-Party IT Concentration Risk

US regulators has warned that banks rely too heavily on a small number of cloud service providers in their new financial stability report, which also cautions against risks related to buy now, pay later (BNPL) and digital assets.
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Payments

Controversial Belgian Ad Ban Given Green Light

Belgium’s Ministry of Justice has said the draft royal decree to severely restrict gambling ads has been finalised by the government.
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Gambling

Massachusetts Gives BetMGM Temporary OK For Mobile Sports Betting License

Massachusetts regulators approved a temporary retail license for the MGM Springfield property and ultimately found BetMGM suitable for a temporary online license on Monday (December 19), following a lengthy discussion and questions regarding the joint venture’s history of regulatory sanctions.
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Gambling

Nevada Considers Temporary Supplier Registration To Remain Competitive

When members of the Nevada legislature begin their 120-day session in early February 2023, among the bills they will consider is a proposal to change the way gaming manufacturers and system providers are licensed.
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Gambling

Uruguay's Chamber Of Deputies Pushes Online Gambling Bill To New Year

Uruguay’s online gambling bill, which was first introduced in November 2021, has been pushed back for discussion until March 2023.
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Gambling

ING Bank Pays Up A$53,280 For Alleged Breach Of CDR Rules In Australia

In only the second case of its kind, ING Bank has agreed to pay a penalty fee for an alleged breach of Australia’s open banking rules, known as the Consumer Data Right (CDR).
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Payments

UK Financial Services Reform Huge Opportunity But Also Risk, Says New FCA Chair

Ashley Alder, the incoming chair of the Financial Conduct Authority (FCA), has said he sees the UK’s post-Brexit financial reforms as a great opportunity but warns against diverging significantly from EU rules.
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Payments

PSR Sets Out First Thoughts On Cross-Border Interchange

As part of its market review on cross-border interchange fees, the Payment Systems Regulator (PSR) has published a new paper outlining what it sees as the potential impacts of these fees on UK businesses and consumers.
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Payments

Missouri Senator Estimates VLTs Will Generate $250m In Tax Revenue

As Missouri gamblers continue to cross into Kansas to wager on sporting events, at least one veteran Republican state senator believes a deal can be reached on legalizing sports betting so long as video lottery terminals are part of any final bill.
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Gambling

Ohio Sports Betting Set To Launch, As iGaming Path Still To Be Determined

Despite the Ohio Casino Control Commission approving four additional sportsbook operators last week, not all licensees will be ready to launch next month, according to the state’s top gaming regulator.
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Gambling

Armenia Fee Changes Target Large Operators

Armenia’s parliament has overwhelmingly voted in favour of increasing the state duty fee for bookmakers, sweepstakes and online games.
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Gambling

EBA Raises The Alarm Over Retail Banking Fees

The EU’s banking watchdog has said that concerns about the level and lack of transparency in fees and charges applied to retail banking products are justified, as it publishes its first thematic review on the matter.
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Payments

Week In Crypto: SBF Arrested In Bahamas, New FTX CEO Reveals Record-Keeping Black Hole

Former FTX CEO Sam Bankman-Fried is apprehended in the Bahamas, new CEO John Jay Ray sheds light on the company’s non-existent record-keeping and US lawmakers introduce a bipartisan crypto money laundering bill.
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Payments

Americans Are Adequate, European Commission Says

The European Commission has concluded that US data protection rules are on par with the EU GDPR, paving the way for safe transatlantic data flows.
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Payments

Daily Dash: Bank Of England Outlines Cash Preservation Plans

The Bank of England is looking for feedback on its plans to enhance retail cash access, while the US Consumer Financial Protection Bureau has proposed tougher rules for non-bank entities so that their misdemeanours are more transparent.
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Payments

India Asks States To Replace 'Archaic' Gaming Law

India’s government has requested that all states and Union Territories repeal a 19th-century gambling law as part of a growing push to modernise and streamline gaming regulation.
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Gambling

Rio de Janeiro's Lottery Crawls Towards New Products

Expansion of state lotteries continues to make slow progress in Brazil, with the state of Rio de Janeiro’s lottery (LOTERJ) announcing that an internal commission will be formed to study new lottery products, including sports betting.
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Gambling
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Philippines Mulls Mandatory Listing Of Online Gambling Companies

In an apparent global first, the Philippine government is considering compulsory stock market listings for online gambling companies to compel greater transparency in operations and ownership.
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Romanian Government Eyes Legislation To Decentralise Gambling Licensing

Romanian Prime Minister Ilie Bolojan has announced that his government plans to propose a draft legislation that will enable municipal authorities to decide on licences for local gambling outlets.
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FCA’s Guardrails For BNPL Aim To Bring Consumer Duty Requirements To The Space

Buy now, pay later (BNPL) users are set to gain new protections under proposals published today by the UK’s Financial Conduct Authority (FCA), which has set a compliance deadline of July 2026.
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UK Industry Wrangles With Rapidly Approaching Cross-Sell Ban

When 2025 draws to a close so will the era of lucrative cross-selling promotions in the UK, with operators and affiliates facing the tall task of adapting successfully to another major shift in marketing compliance.
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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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