Insights

Australian regulators are scrambling to protect consumers following a new report showing that Australians lost at least A$3.1bn ($2bn) to scams in 2022.

The Joint Regulatory Oversight Committee has set out its recommendations for the next phase of open banking in the UK.

India is preparing to order payments companies and other financial institutions to block payments to illegal domestic and foreign gaming websites, a Cabinet official told the Economic Times on Monday.

Brazilian gambling interests are unhappy with the government's proposed tax rates for sports betting, arguing that the UK's headline rate of 15 percent is not a like-for-like comparison due to various other taxes that will also be applied.

Finland's monopoly system is at a “crossroads” and it must consider introducing a licensing system or more measures to prevent unlicensed online gambling, according to a highly anticipated report by the Ministry of the Interior.

Despite opposition from the casino industry, the Nevada Assembly on Monday approved a constitutional resolution to legalize a lottery, the latest effort over the decades to add the Silver State to the list of 45 states that have lotteries.

The Swiss central bank has confirmed that it will use stablecoins and wholesale central bank digital currency (CBDC) to test tokenised settlement models, in an attempt to study both public- and privately-issued tokenised money.

FedNow, the upcoming US instant payment system, has been described as a central bank digital currency (CBDC) by Democratic presidential candidate Robert F Kennedy Jr, who claims it is the "first step" to ultimate government surveillance.

With the number of new UK payments and e-money licence applications at a decade low, and the chances of obtaining approval falling to 47 percent, VIXIO looks at the Financial Conduct Authority's latest performance data and how it compares to that of the EU.

The UK Prudential Regulation Authority has fined the former chief information officer of TSB Bank plc for a breach of Senior Manager Conduct Rules.

Brazil has announced measures it says will prevent black market online betting after it regulates sports betting, but seasoned market observers fear they may not be effective.

Representatives from MGM Resorts International and Wynn Resorts took part in separate hearings on Friday before the Massachusetts Gaming Commission to explain how each company violated state law by accepting illegal wagers on in-state college games.

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.