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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Card Use Soars To 90 Percent In UK, Business Group Reveals

Some 90 percent of retail spending and 82 percent of transactions were carried out on debit or credit cards in 2021 in the UK, according to the British Retail Consortium’s latest Payments Survey.
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Payments

Judges In Critical Sports-Betting Case May Lean Toward Seminoles

The sports-betting industry is hoping for a major breakthrough when a landmark Florida case goes before a three-judge panel on Wednesday in the U.S. Circuit Court of Appeals in Washington, D.C.
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Gambling

UK Nations Targeting Gambling Harms Ahead Of White Paper

Scotland, Wales and Northern Ireland are addressing concerns associated with gambling harms as they impatiently await the release of the UK government's Gambling Act review white paper.
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Gambling

European Council Reaches eID Agreement

The European Council has adopted its position on the proposed legislation for a European digital identity (eID) framework, making a fair amount of amendments in the process.
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Payments

Brazil Crypto Bill ’Sets The Ball Rolling’

Brazil is on the verge of becoming the first Latin American country to adopt a framework for crypto-assets, setting the bar for other countries in the region to follow.
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Payments

Jeremy Hunt Unveils ’Next Chapter’ For UK Financial Services

Chancellor of the Exchequer Jeremy Hunt has laid out the "Edinburgh Reforms", a list of more than 30 regulatory reforms aimed to "unlock investment" and "turbocharge" growth in the UK.
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Payments

Maltese Bookmakers Must Pay Polish Income Tax

The Polish Supreme Administrative Court has ruled that a Malta-based bookmaker which aims to provide its services to customers in Poland via a local representative is required to pay Polish corporate income tax.
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Gambling

Brazil's Deadline For Sports-Betting Regulatory Decree Passes

The statutory deadline to regulate a 2018 law for sports betting in Brazil has come and gone, with no sign of action from President Jair Bolsonaro’s outgoing government.
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Gambling

Technology Advances Raise Cyber Threat Level For U.S. Gaming Industry

The protection of consumer data has become a critical issue for U.S. casino and online gaming operators as hackers continue to acquire the bundles of sensitive data the industry collects and stores about its customers, warn regulators and security executives.
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Gambling

Massachusetts Commission Defers Promotional Play Decision

Massachusetts regulators remained undecided Monday on whether to allow operators to deduct promotional play from taxable revenues when the state’s sports-betting program launches in 2023.
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Gambling

Australian Regulator Sues Individual Star Directors

Australia’s corporate regulator has launched civil prosecutions against 11 current and former directors and senior managers of casino operator The Star Entertainment Group, marking a new phase of legal accountability for powerful individuals in the Australian gambling industry.
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Gambling

PSR Consults On UK Fraud Reporting Model

The Payments Systems Regulator (PSR) has updated its plans to publish data on how well UK firms are protecting customers against authorised push payment (APP) scams.
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Payments

Santander Slapped With £107.7m UK Fine Over AML Failures

The UK's Financial Conduct Authority (FCA) has imposed a £107.7m fine on Santander UK over "serious and persistent gaps" in the bank’s anti-money laundering (AML) controls that affected business banking customers.
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Payments

Greek Regulator To Court Suppliers

The head of the Greek gambling regulator wants to tempt suppliers to relocate from Malta and Gibraltar, and has said that he expects to collect €1bn in gambling taxes for the state budget in 2022.
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Gambling

U.S. Land-Based Casinos Need To Adjust To Growth Of Online Gaming

A senior executive with Boyd Gaming believes internet gaming is the key to the future of the casino industry and disagreed with arguments that offering online or mobile slot machines and table games will hurt brick-and-mortar business.
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Gambling

U.S. Gaming, Lottery Industries Under Threat From Unregulated Gambling

Illegal gambling in the United States has expanded to the point where unregulated slot machines and offshore sports betting and casino websites are a direct threat to the legal gaming and lottery markets, according to leading industry officials.
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Gambling

BNPL, Crypto Come Under Fire In UK Financial Services And Markets Bill Debate

Both buy now, pay later (BNPL) and crypto firms came under heavy criticism in the latest debate on the Financial Services and Markets Bill, following the introduction of new amendments to the proposed legislation.
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Payments

Week In Crypto: Ex-FTX CEO Hires Ghislaine Maxwell Lawyer, Kim Kardashian Escapes Promo Penalty

FTX’s disgraced former CEO taps Ghislaine Maxwell’s trial lawyer, Kim Kardashian breathes a sigh of relief and Celsius is ordered to return $44m worth of crypto to customers.
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Payments

US Bill Seeks To Close Bank Licensing Loophole Before Bigtech Takes Advantage

A new US bill, introduced by a top Democratic senator, would close a legal loophole that allows companies to operate banks without proper oversight, addressing fears that bigtechs may exploit it to expand their financial services.
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Payments

Daily Dash: Dutch Prosecutors Probe Rabobank

Prosecutors in the Netherlands are investigating Rabobank over money laundering, the US House has elected its new banking chair and Nigeria is limiting ATM withdrawals in a bid to encourage digital payments.
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Payments
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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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