Insights

The country’s Financial Intelligence Analysis Unit (FIAU) will scrutinise crypto companies’ ownership structures over the next year as part of its ongoing drive against illicit finance.

Amid confusion around the regulation of open banking in the US, the Consumer Financial Protection Bureau (CFPB) has issued a request for comment to clarify industry views on key points.

The UK crypto industry is frustrated by the country’s slow progress towards regulatory clarity on stablecoins and has warned that, without a supportive framework, innovation may migrate to more welcoming jurisdictions.

On August 8, 2025, the UK’s Financial Conduct Authority (FCA) shared its feedback on the creation of a new standard-setting body for open banking, known as the “Future Entity”. This organisation is expected to become the primary body responsible for setting and maintaining open banking standards in the UK, including APIs. Its standards are intended to underpin commercial open banking schemes and support innovation in the sector.

Stablecoins are currently attracting significant attention amid widespread debate about their definition, optimal use cases and potential risks. This Outlook seeks to provide guidance on key developments in the regulation of stablecoins, and to equip firms with the information they need to develop their response to the growing importance of digital assets.

Despite reams of rules and regulations restricting the advertising of gambling, it remains remarkably easy to access streams that are marketing brands connected to unlicensed operators.

The continued expansion of prediction markets in the United States has been one of the dominant topics in the gaming space in 2025, as some in the industry look to push back against its growth while others may look to join in it.

The Frontier Stable Token (FRNT) is the first fiat-backed, fully reserved stable token issued by a public entity in the US, and demonstrates the impact of both ongoing advocacy of cryptocurrencies and the GENIUS Act.

Regulation (EU) 2023/1114 (Markets in Crypto-Assets – MiCA) was published on June 9, 2023. It provides specific rules and requirements for crypto-assets, related services and activities that were previously not covered by Union legislative acts on financial services. This Mapping EU Legislation: MiCA page lays out the key dates, transition deadlines for member states, as well as any RTS, ITS, delegated regulation, implementing regulation or guideline issued and published. It will be updated in line with any MiCA update.

FanDuel has taken a major step toward entering the surging prediction-market space Wednesday, announcing a partnership with the largest derivatives exchange operator in the U.S.