Insights

In a new policy statement, the US Federal Trade Commission warns businesses against misusing biometric information and hints at heightened scrutiny of those that do not comply.

Insiders expect the European Commission to release its proposed revisions to the Payment Services Directive, a possible Payment Services Regulation, Open Finance framework, Late Payments Directive, as well as new digital euro legislation, all on the same day in June.

The UK government has announced a new wave of sanctions against Russia, targeting 86 businesses and individuals connected to Russia’s energy, metals, defence, transport and financial sectors.

With legislation to regulate sports betting still not formally introduced, representatives of leading international operators are being called to testify as part of a high-profile congressional probe into match-fixing allegations that have rocked Brazilian football.

It is not as though U.S. Attorney General Merrick Garland does not have other priorities but his refusal to even acknowledge pleas for help in cracking down on illegal offshore gambling is growing more puzzling.

Influential UK gambling pressure group “The Campaign for Fairer Gambling” is being relaunched to focus its efforts on the US online gambling market.

The UK Gambling Act white paper will likely take a number of years to fully implement, according to Gambling Commission deputy chief executive Sarah Gardner.

A war of words erupted at a recent industry conference, as industry representatives sparred with Spain's head gambling regulator over claims that the recent advertising royal decree constituted a full ban and demands for industry consultation on future decrees.

Binance runs into regulatory hurdles in Canada and Australia, France offers sanctuary to US crypto firms seeking clearer regulations, and Tether announces plans to back its stablecoin with more bitcoin.

Key fintech lobbyists have called on the EU’s political institutions to keep payment initiation service providers out of the scope of the new Anti-Money Laundering Regulation.

The United States' fourth largest bank, Wells Fargo, has agreed to pay $1bn to investors after it lied about the state of its compliance with government orders.

<span style="font-size:11pt; font-variant:normal; white-space:pre-wrap"><span style="font-family:Arial"><span style="color:#000000"><span style="font-weight:700"><span style="font-style:normal"><span style="text-decoration:none">The Central Bank of Kuwait has issued new requirements for e-money services, including BPNL, Australia’s Westpac bank has introduced Apple’s new Tap To Pay service, and Airbnb has begun offering bank payments through Stripe.</span></span></span></span></span></span>

Top executives for the leading U.S. sports-betting and iGaming operators insist that maximizing their brands to attract different types of players remains a persistent challenge.

The Philippine gambling regulator has confirmed that a Clark Freeport company raided over alleged scam operations and enslavement of some 1,100 foreign workers is an approved service provider to offshore-facing gambling operators (POGOs).

Implementation of a licensing regime for sports betting is now facing a more uncertain path through Brazil’s Congress after the government agreed not to legislate through an emergency decree that would take immediate effect.

Cyprus’ National Betting Authority has praised the impact of its “Safer Gambling Strategy” following the publication of a long-awaited prevalence study.

A Premier League footballer has been banned over betting, Tennessee signs bill to update sports-betting tax and Connecticut proposes a live dealer compliance overhaul.

With payments industry professionals unsure about the major use cases of central bank digital currencies (CBDC), a survey of central bankers says two thirds expect to issue a digital currency within the next ten years.

The Markets in Crypto-Assets Regulation and the Transfer of Funds Regulation have now both passed the final stages.

Finland’s conditional €2.4m fine for a Betsson subsidiary should be seen as a wake-up call for any operator that has received a warning from the National Police Board in the past, lawyers have said.