Insights

One year after Canada introduced new legislation for retail payment activities, the central bank has set out how it plans to supervise payment service providers.

New UK National Lottery operator Allwyn must do more to protect players from gambling harm and pay more to GambleAware after a “poorly managed” tender, MPs have said.

The New York Times published its long-awaited series on the expansion of sports betting in the United States this weekend, criticizing the industry for overly lofty projections for tax revenues and marketing partnerships that target college students.

The possibility of online gambling regulation in Malaysia may have been extinguished for the foreseeable future, following shock gains by a leading Islamic party in Saturday’s national elections.

The Horseracing Integrity and Safety Act, a federal anti-doping law enacted in 2020 that created a private agency to regulate the industry, has been struck down by a federal appeals court as an unconstitutional delegation of government power to a private entity.

Despite heavy early interest from operators, Massachusetts’s gaming regulator reported Monday that it had received fewer applications than available slots for mobile sports-betting licenses.

Data protection problems prevent amendments to payments law coming into effect in Lithuania, as the legislation heads back to the country’s parliament.

Three months after withdrawing a bill that sought to impose restrictions on cross-border transfers of personal data, the Indian government has had a rethink, publishing a new bill with fewer localisation requirements.

Turkey’s Banking Regulation and Supervision Agency has published a draft amendment to its payment card regulations aimed at incentivising international players to partner with local processors in the country.

​​​​​​​Sweden’s culture committee wants legislators to reject proposals relating to the “adjusted moderation” of gambling advertising in a government bill introduced earlier this year designed to enhance controls on the industry.

Norway has reinstated a series of multi-million euro fines against Kindred, only weeks after a deal to suspend the enforcement was reached, according to the Stockholm-listed operator.

Czech lottery giant Allwyn has agreed to buy current UK National Lottery operator Camelot in a deal that is set to end the bitter legal battle between the two.

When FanDuel started to see marketing spend decline among its competitors following this year’s Super Bowl, the Flutter-owned company saw an opportunity to hit the accelerator, according to CEO Amy Howe.

A second application process for three online-only licenses is the latest chapter in the story of an Illinois sports-betting market that has become the second largest in the U.S. but taken on a very different shape than was anticipated when a state law was passed three years ago.

The EU’s supervisory authorities have launched a joint call for evidence on greenwashing and how best to tackle it. This includes wanting to hear from payment institutions.

Another week in crypto is dominated by the collapse of FTX, whose celebrity endorsers are now facing a class action lawsuit. Meanwhile, the contagion spreads to FTX partners Genesis and BlockFi.

This regulatory analysis will: look into the background of instant payments (IPs) in Europe and the motivation of the European Commission to take legislative action in this field; provide an overview of the current institutional and legislative framework that applies to IPs in the European Union (EU); explore the key legal obligations and definitions introduced by the proposed IPs regime; and examine the implications of the proposed measures for PSPs from a compliance, enforcement and business perspective.

The US Treasury warns that fintechs may take advantage of an exemption applicable to small banks to circumvent the federal interchange fee cap on debit card transactions.

The Consumer Duty will help with managing the entry of bigtech firms into the UK retail financial service, ensuring a level playing field, the chief executive of the financial services watchdog has said.

UK Chancellor warns of increased bigtech scrutiny, the Clearing House (TCH) has published its US real-time payments transactions data for the first time, and the European Central Bank joins new EU cloud network initiative.