Insights

Your window into the complex world of compliance and regulations

Our industry experts regularly spend time with lawmakers, regulators and industry participants to get to the heart of regulatory issues. We deliver our expert insights across multiple media to ensure timely delivery of information to meet your everyday needs.

From quick blog insights through to industry events, we provide you with the depth and breadth of knowledge needed to help you make the right business decisions, staying compliant and gaining a competitive advantage.

Automatic Pix Goes Live, Enabling Recurring Payments in Brazil

Pix, Brazil’s instant payments system, has introduced a recurring payments mechanism, aiming to simplify bill payments for consumers.
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Sweepstakes Ban Under Consideration in New York, Vetoed In Louisiana

As one state legislature looks to reinforce regulatory actions against sweepstakes gaming operations, another has seen the governor veto a legislative ban, calling it unnecessary.
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Pay.UK Sets Out Ideas For Reforming UK’s Payments Infrastructure

Payment system operator Pay.UK has unveiled a package of proposed reforms to the organisational framework for interbank payments, urging “radical” change to prevent the UK falling behind on infrastructure and innovation.
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Presidential Decree Confirms Brazil Betting Tax Hike

A sharp increase in the main tax applied to online betting in Brazil became reality late Wednesday when an emergency decree was published in the Brazilian government’s official gazette.
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Specialist Police Payment Unit Prevents Record-Breaking Fraud

A UK police unit that targets organised criminal gangs behind fraud prevented a record of £101m from being stolen in 2021 — the highest amount in the unit’s 20-year history.
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Payments

U.S. States React As Tax Breaks On Promo Play Reach Nine Figures

Allowances for tax deductions for free bets and other promotional play lost U.S. states more than $120m in potential tax revenue in 2021, and some states are pushing back against unlimited deductions.
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Gambling

Tougher NSW Penalties Flagged After PointsBet, DeluxeBet Fines

BetDeluxe and PointsBet are the latest in a long line of corporate bookmakers to be fined in New South Wales (NSW) state for illegal gambling inducements as the state government warned it will seek tougher penalties from the courts.
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Gambling

It's When, Not If, Cyber Attacks Strike U.S. Gaming Companies

The U.S. gambling industry remains wide open to cyber attacks despite an accumulation of years of incidents, according to a former assistant U.S. attorney.
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Gambling

Irish Gambling Bill Should Be More Restrictive, Committee Says

Ireland’s General Scheme of the Gambling Regulation Bill should include many more restrictions and consumer safeguards, including a pre-watershed gambling advertising ban, according to a joint parliamentary committee.
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Gambling

News In Brief: May 16-May 20, 2022

UK Gambling Commission acts against bookmaker Goldchip, Puerto Rico prepares to audit Light & Wonder's lottery operations and Dominican Republic moves against its scandal-ridden lottery operation.
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Gambling

DOJ Files First Case Alleging Crypto Use In Sanctions Evasion

The Department of Justice (DOJ) has accused a US individual of using cryptocurrency transfers to evade sanctions.
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Payments

Jack Dorsey Strikes Down FTX Founder Over Bitcoin Payments Scaling Problem

The CEO of Block and ex-CEO of Twitter has hit back at Sam Bankman-Fried, founder of crypto exchange FTX, for claiming that bitcoin has no future as a payments network.
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Payments

Ireland Becomes Unexpected First Mover For BNPL Regulation

Ireland’s central bank has confirmed that it will be applying its consumer protection rules to buy now, pay later (BNPL) firms among other services.
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Payments

Cyprus Launches UBO Register

The Cyprus Securities and Exchange Commission has announced the launch of its online platform for the Cyprus Beneficial Ownership Register of Express Trusts and Similar Legal Arrangements (CyTBOR).
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Payments

Swedbank Faces Potential Investigation Over IT Disturbances

The Swedish financial watchdog, Finansinspektionen (FI), has announced that it is appointing an external auditor to map out a "substantial IT disturbance" at one of the country’s largest retail banking institutions.
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Payments

Sweden Moves Ahead With B2B Licensing Plans

The Swedish government has submitted a series of proposals, including licensing gambling software companies, prohibiting the promotion of illegal gambling and changes in requirements for “moderation” in marketing, to help protect children and the vulnerable.
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Gambling

U.S. Attorney Warns Casinos Not To Sleep On Money Laundering

Even if they are victims of money laundering schemes, casinos can find themselves facing criminal charges if their safeguards against financial fraud fail to meet federal standards, the U.S. attorney for New Jersey said Tuesday.
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Gambling

Spain Reveals €58m In Online Fines Issued Last Year

The General Directorate for the Regulation of Gambling (DGOJ) in Spain has said it closed 13 online gambling sites and sanctioned another six in 2021, publishing the information publicly for the first time. The fines issued to the 19 companies totalled more than €58m.
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Gambling

SPAC Deals Stall As U.S. Regulator Proposes Tougher Oversight

Deals involving special purpose acquisition companies (SPACs) exploded amid investor enthusiasm to tap into an expanding U.S. sports-betting market, but concerns of industry profitability and tighter regulations threaten to restrict future SPAC buyouts.
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Gambling

US Launches National Strategy To Close AML Loopholes

The new US national illicit finance strategy sets out four priorities to address existing loopholes in the country's regulatory framework, including those related to cryptocurrencies, beneficial ownership and gatekeeper professions.
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Payments

EBA Publishes New RTS On Crowdfunding Service Providers

The European Banking Authority (EBA) has published its final draft of regulatory technical standards (RTS) specifying the information that crowdfunding service providers need to provide to consumers.
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Payments

Agreement And Compromise: Data Governance Act And NIS2 Take Step Forward

Political agreement on new cybersecurity rules brings the EU's data strategy a step closer to its 2023 deadline, while compromise is reached on the second Network and Information Systems Directive (NIS2).
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Payments

Philippines President Issues Executive Order On Digital Payments, As Central Bank Steps Up Fight Against Fraud

President Rodrigo Duterte has issued an executive order mandating all public agencies to offer digital payment options, while the Philippines central bank is cracking down on fraud.
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Payments

Swedish Treasury Pushes Black Market, Data Protection As Regulatory Focus

Sweden’s State Treasury has found that government revenue and gambling addiction have remained largely unchanged since the country reformed its online market, as it backs new measures to protect players.
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Gambling
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Romanian Government Eyes Legislation To Decentralise Gambling Licensing

Romanian Prime Minister Ilie Bolojan has announced that his government plans to propose a draft legislation that will enable municipal authorities to decide on licences for local gambling outlets.
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FCA’s Guardrails For BNPL Aim To Bring Consumer Duty Requirements To The Space

Buy now, pay later (BNPL) users are set to gain new protections under proposals published today by the UK’s Financial Conduct Authority (FCA), which has set a compliance deadline of July 2026.
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UK Industry Wrangles With Rapidly Approaching Cross-Sell Ban

When 2025 draws to a close so will the era of lucrative cross-selling promotions in the UK, with operators and affiliates facing the tall task of adapting successfully to another major shift in marketing compliance.
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Bailey Cool On UK CBDC Suggestions

Hopes of a British central bank digital currency (CBDC) were dealt a blow by the governor of the Bank of England, Andrew Bailey, who said he “remained to be convinced” of the need for one.
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EU Lawmakers Insist Digital Euro Must Safeguard Privacy And Preserve Cash Access

The European Parliament’s Civil Liberties Committee (LIBE) has called for stronger guardrails for privacy and guaranteed access to physical cash in its opinion on the EU's proposed legislation to establish a digital euro.
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Regulatory Influencer: Malta’s Key Observations on Website Practices of Crypto-Asset Service Providers

Earlier in the year, the Malta Financial Services Authority (MFSA) conducted a thematic review of websites belonging to all the crypto-asset service providers (CASPs) authorised by the MFSA in relation to Regulation (EU) 2023/1114 on Markets in Crypto-Assets (MiCA). This was part of the MFSA’s commitment to consumer protection, ensuring that the information provided was fair, transparent and not misleading. Following its review of websites, the MFSA sent out a Dear CEO letter to CASPs laying out its findings.
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Regulatory Influencer: The Philippine Central Bank As Payments Policeman And… Online Gambling Saviour?

The Philippine online gambling industry’s rapid transition from a disgraced foreign-facing segment to flourishing domestic sector is approaching a crunch moment as payments channels come under unprecedented scrutiny.
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Peru President Vetoes Consumption Tax Bill

Peru’s president has partly vetoed a bill that would reduce the impact of a controversial consumption tax applied to online gambling.
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Ukraine Releases Flurry Of Consultations As It Seeks To Update Gambling Rules

Ukrainian licence holders will only have two months to comply with a long list of updated regulations under a key new proposal, as the country unleashes a flurry of consultations aimed at updating and aligning rules as well as improving industry oversight.
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California Tribes Seeking Second Win With Anti-Sweepstakes Legislation

In the wake of an opinion from California’s attorney general that threatens the future of daily fantasy sports in the state, Indian gaming tribes are looking to score a second major policy victory that could threaten sweepstakes operations as well.
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