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Britain's oldest independent economic research institute estimates the total cost of harms associated with problem gambling in the UK is £1.4bn per year.

When Ray Lesniak's obituary is written, he is likely to be remembered for revolutionizing the U.S. gaming industry by introducing sports-betting legislation in New Jersey which led to the landmark decision by the United States Supreme Court on May 14, 2018.

The rising importance of bigtechs such as Google, Amazon, Apple and Facebook in the financial sector requires special attention from supervisory authorities, De Nederlansche Bank has said.

This regulatory analysis will examine anti-money laundering (AML) measures with regard to e-wallets and is the second in a series that will compare the licensing regimes of e-money operators and banks. Specifically, this analysis will compare the AML requirements for politically exposed persons (PEPs), beneficial owners and enhanced due diligence (EDD) measures for both e-money operators and banks in three distinct jurisdictions: Singapore; the Philippines; and the United Kingdom. This comparison will aim to determine whether there are any similarities between e-money and banking regulations both locally and between these jurisdictions, at least from an AML perspective, in light of the compliance requirements that these regulations impose. It will then lay out what these similarities (if any) could potentially mean for e-money operators, both in these jurisdictions and potentially further afield.

Chargebacks911, a US firm specialising in protecting merchants from bogus chargeback claims, is facing legal action in the US for allegedly helping scammers to defeat chargeback attempts by defrauded consumers.

Advisors to the US Securities and Exchange Commission (SEC) call for “aggressive enforcement” targeting crypto firms, Paxos retreats from Canada and the Bank of England endorses prudential rules for stablecoins.

The UK has published a new Russian sanctions package, a central bank-backed consortium has launched an international CBDC, and the Financial Stability Board has proposed new policy measures following recent banking shocks.

Japan’s government has approved a development proposal by the MGM Resorts International consortium for an integrated resort in Osaka, heralding a new era for Japanese land-based gaming after years of commercial and political setbacks.

An African non-government organisation is lobbying Malta officials claiming Malta-based gambling operators are targeting and causing harm to young people in Africa.

Premier League clubs in the UK have agreed to withdraw gambling sponsorship from the front of their matchday shirts, but many campaigners see the decision as just the “first step” and are pushing for even greater restrictions.

A new service from Visa will allow non-cardholders to send and receive person-to-person (P2P) payments using a range of third-party digital wallet apps.

Since its November launch, ChatGPT has sparked a frenzy of interest with its ability to create human-like speech, while raising questions about data privacy and its implications for the labour market and wider humanity. VIXIO considers what generative AI could mean for payments.

European banking associations have made a call for the removal of payments from the scope of the EU’s new digital identity regulation.

As six casino operators remain in limbo while the Pennsylvania Supreme Court decides to grant their request for review of a 2019 ruling in favor of a skill-games manufacturer, one state senator circulated a memo saying it is time to legalize these terminals to generate tax revenue.

The Nevada Gaming Control Board has approved the removal of more than a dozen outdated regulations, as well as several improvements to existing regulations, in an effort to comply with a directive issued by Governor Joe Lombardo.

Ontario regulators are proposing a new regulatory standard that would prohibit the use of current and former professional athletes in sportsbook advertisements.

A new UK academic study has found that half the esports teams in two of the sector’s top video games are sponsored by gambling operators, leading researchers to suggest that gambling companies could be “targeting the next generation of gamblers”.

A leading tax enforcement organ in India has launched a probe into India-facing online gambling operators in Cyprus, Mauritius and the Cayman Islands, leading to the arrest of one man allegedly linked to Ukrainian operator Parimatch.

Malawi has opened a brief consultation on a raft of proposed gambling regulations, as it continues its push to expand its market and open up online licensing.

Brazil’s Chamber of Deputies' Finance Committee held a public hearing on Wednesday on the regulation of sports betting and imminent presidential emergency decree, with a senior government official confirming a proposed effective tax rate of 15 percent of gross gaming revenue.