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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Kansas House Approves Sports-Betting Bill, Senate Defers

Following a whirlwind day that included multiple conference committee meetings and a contentious but favorable House vote as Friday night became Saturday morning, Kansas sports-betting legislation remains unresolved following a key legislative deadline.
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Gambling

Crypto Cloud Looms For MEPs As Panetta Turns Up To Talk CBDC

While the European Central Bank’s digital euro chief was keen to talk about the project, lawmakers from Brussels’ left and right factions were more interested in knowing how a CBDC would correspond with the widespread acceleration in adoption of crypto.
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Payments

PSR Hints At Scheme And Cross-Border Card Fee Reform

In correspondence with the Treasury Select Committee, the Payment Systems Regulator (PSR) has said that it is in the "early stage" of its thinking with the Interchange Fee Regulation reform as it focuses on identifying harms caused by scheme and cross-border interchange fees.
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Payments

Update: Wyoming Drops State-Backed Stablecoin Plans, For Now

Governor Mark Gordon has vetoed a Wyoming bill that would have created a state-backed stablecoin, cautioning that the state’s reputation is at stake.
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Payments

News In Brief: March 28-April 1, 2022

Visa launches new a accelerator programme to help creative talent working with NFTs grow their business and Swedish firm Klarna launches a new brand focused on open banking.
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Payments

Inquiry Hears Star Entertainment Failed To Probe VIP Cash

High-roller and alleged Chinese agent of influence Huang Xiangmo bought A$1.7bn ($1.3bn) in chips from The Star casino in Sydney over five years using different names and passport details, but casino officers did not probe the source of his money.
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Gambling

Internet Gambling, Sports Betting Helped Save Atlantic City's Colossal Casino Flop

With a giant white sphere nicknamed “Pearl” on its roof, the Atlantic City casino that opened as Revel and is now known as Ocean Casino Resort will celebrate its tenth anniversary on Saturday after being saved by the success of internet gambling in New Jersey.
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Gambling

News In Brief: March 28-April 1, 2022

Sweden to update self-exclusion, Minnesota sports-betting bill makes progress and Nevada court to reassess Steve Wynn sexual assault ruling.
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Gambling

Personnel Moves - March 2022

Former MGA staffer Yanica Sant joins William Hill, Trinidad and Tobago appoints its first regulators and Malawi appoints a new gaming board head.
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Gambling

Brace Yourself For More Aggressive UK Sanctions Enforcement

The UK’s approach to sanctions enforcement is changing after a recent law amendment has imposed strict liability on businesses and made it easier for authorities to issue fines.
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Payments

Dutch Central Bank Talks Back-Up Plans In New Payments Strategy

Notwithstanding a focus on EU integration and global cooperation, De Nederlandsche Bank has used its new strategy document for payments to make safeguarding trust a priority.
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Payments

N26 Further Setback After Restrictions Imposed By Italian Watchdog

The German challenger bank is again in hot water with EU regulators as the Banca d'Italia places a ban on it onboarding new customers or launching new products.
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Payments

FCA Extends Temporary Regime For Crypto Registration

Twelve crypto firms in limbo over their UK registration can now continue to operate as the Financial Conduct Authority has taken the last-minute decision to extend its temporary registration regime for crypto firms.
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Payments

Ontario Bonus Limits Change Launch Model Compared To U.S.

While Ontario’s new online gaming market is set to launch on Monday with operators that include many of the leaders in the neighboring United States, the path to building market share will be a different one than the typically bonus-heavy American approach.
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Gambling

Cyprus Rebounding From COVID-19, Says Betting Authority

Gambling in Cyprus has “quite quickly” recovered to pre-COVID levels, according to the latest figures released by the National Betting Authority and the country’s only licensed casino operator, Melco.
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Gambling

Oklahoma Tribes Supportive Of Sports Betting, Relationship With Governor Remains Strained

Matthew Morgan, chairman of the Oklahoma Indian Gaming Association, believes gaming tribes will support efforts to legalize sports betting but it remains questionable if the current governor would even sign a bill.
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Gambling

Australia Names First In Line For Magnitsky Sanctions

Australia has sanctioned 39 Russians accused of serious corruption and involvement in the death and abuse of the lawyer Sergei Magnitsky, the foreign minister has announced.
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Payments

‘I Told You So’: Reactions To EPI’s Card Abandonment

The European Payments Initiative (EPI) has pulled away from cards after half of its shareholders quit, which nobody is surprised by, but what comes next for the EU’s payments strategy?
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Payments

Russian Regulators Strike Back Against Sanctions

Russian regulatory actions initially aimed at softening the blow of sanctions has now become a full on battle to save the Russian rouble, while the government imposes retaliatory measures against foreign governments, businesses and individuals.
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Payments

U.S. To Go Its Own Way In Open Banking And Finance Initiatives

This analysis outlines key developments of open banking and finance in the U.S. at the federal level and what is to come. This includes the work currently being carried out by the Consumer Financial Protection Bureau (CFPB) to improve consumers’ access to their data and build the foundation for the U.S.’ open banking regulatory framework.
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Payments
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President Trump’s Tax Bill Raises Slot Tax Reporting Threshold

A tweak to the tax bill signed by President Donald Trump would modernize gaming tax policy by increasing the threshold for reporting jackpot wins on slot machines and video lottery terminals in casinos.
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Gambling Commission Fine Transparency Improving But UBO Rules Cause Concern

The Gambling Commission's new criteria for imposing fines will help increase the transparency around predicting fine amounts, but some concerns remain over how the rules impact ultimate beneficial owners (UBOs), according to legal experts.
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Consultation May Signal End Of Surcharges In Australia

The Reserve Bank of Australia (RBA) has opened a consultation into card surcharging, which it says is no longer achieving its intended purpose of guiding consumers towards efficient payment choices.
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EBA Clarifies PSD2 Scope On Credit, Postal Orders And Fuel Cards

The European Banking Authority (EBA) has published clarifications on applying the revised Payment Services Directive (PSD2), covering the definition of credit, the status of postal money orders, and the classification of fuel cards as payment instruments.
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Wise Fine Highlights Evolution Of US Payments Regulation

The $4.2m fine for money laundering and Bank Secrecy Act (BSA) violations reflects both a trend towards local enforcement and a sharpened focus on anti-money laundering and counter-terrorism financing (AML/CTF).
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DraftKings Pays $3m To Settle Connecticut Marketing Investigation

DraftKings has agreed to return more than $3m to players and pay a $50,000 penalty in a second high-profile settlement announced by Connecticut regulators in as many months.
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Romanian Gambling Ad Restrictions Incoming But Lawyers Flag Need For Clarity

Romania’s new Audiovisual Code introduces several important changes, clarifications and restrictions; however, questions raised about the definitions, such as sports personality or influencer, have not been “thoroughly defined”, according to legal experts.
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Australia’s Project Acacia Blossoming Into Six-Month Testing Phase

Project Acacia, Australia’s research program into wholesale digital currency, has reached a “significant milestone”, with participants selected to explore innovations in digital money and settlement infrastructure.
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Big Tech Joins Forces With Telcos Under Hong Kong’s Latest Anti-Scam Charter

Financial regulators in Hong Kong have announced the launch of a new anti-scam charter that will see telcos and big tech firms participate for the first time.
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U.S. Senate Fails To Roll Back Change To Gambling Tax Deductions

The effort to reverse one of the tax hikes in President Donald Trump’s “One Big, Beautiful Bill” came up short in the Senate on Thursday due to opposition from a lone senator who sought to add an exemption of religious colleges from the federal endowment tax.
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