Insights

A high percentage of people completing the UK’s National Gambling Treatment Service measurably improved their condition, but fewer people received treatment in the 2020-21 fiscal year, GambleAware has said. About 92 percent of those completing the treatment improved their Problem Gambling Severity Index scores, the non-profit group said on Tuesday.

John Coleman stepping down as Microgaming CEO, Canadian Gaming Association appoints four new members to its board of directors, inaugural chair of the Victorian Gambling and Casino Control Commission named.

From March 26, 2022, UK banks will be encouraged to only use strong customer authentication for the first access request from an account information service provider, the Financial Conduct Authority (FCA) has said

The Philippines central bank has imposed a two-year moratorium on electronic money issuer licences to non-banks, starting from December 15.

A coalition of Japan’s financial institutions has committed to issuing a digital currency to the Japanese population in late 2022, with trials beginning as early as this year.

The Northern Territory Racing Commission has issued a second maximum fine to sports betting giant Entain Group for offering bonuses to potential customers, warning of licence cancellation in the event of a third “extremely serious” breach.

As some legislators and regulators in established U.S. sports-betting states have begun to express concern over advertising saturation, regulators in new markets say it is something they will monitor. Regulators from Arizona, Louisiana and Maryland spoke about advertising and a host of other topics on VIXIO GamblingCompliance’s “Meet the Regulators” webinar earlier this month.

Ireland’s interim lottery laws and main National Lottery game are under pressure following calls for an audit and investigation into the number of times the jackpot has gone unclaimed.

A new consultation report from the Bank for International Settlements (BIS) seeks to increase opening hours for real-time gross settlement (RTGS) systems, but experts are split on just what the solutions proposed can do.

India has tabled a new cryptocurrency bill that may restrict certain cryptocurrency activities while paving the way for a central bank digital currency (CBDC). However, it is unlikely that the country would impose a complete ban on crypto activities.

Europe’s tug of war with cash and digital payments continues as De Nederlandsche Bank (DNB) tells merchants to be clear that they accept cash payments.

Many banks still use outdated legacy systems, but it is “unacceptable” for a large bank like DBS to have services down for more than 24 hours, an expert told VIXIO.

Macau gaming mogul and Suncity junket boss Alvin Chau and ten other suspects have been detained or questioned after the issuance of an arrest warrant for Chau in mainland China.

A new coalition of nine UK football supporter groups is campaigning to ban all gambling advertising and sponsorships in the sport.

DraftKings and FanDuel are preparing to spend millions of dollars and confront strong tribal opposition in order to pass ballot measures to authorize online sports betting in both California and Florida next year.

The Seminole Tribe of Florida on Thursday filed an emergency motion with the federal court of appeals in Washington, D.C., seeking a stay of a ruling that online sports betting allowed under the tribe’s compact with the state violates federal law.

Lithuania’s central bank has revoked the licence of epayblock, an e-money institution, due to anti-money laundering failures.

A short roundup of some of the week's payments news you may have missed. This week we look at the CMA's lessons learned review in the UK following the recent open banking scandal, proposals in Japan for a bank deposit-backed digital currency, the strong demand for request to pay in Europe and news that NFT, or non-fungible token, has become word of the year.

On October 21, 2021, the UK government launched a consultation on the potential scope of regulation and regulatory controls for buy now, pay later (BNPL) products, which are currently unregulated. This analysis focuses on the government’s views contained in the consultation, as well as their potential impact for the currently unregulated BNPL product providers. It also gives an overview of the initiatives, in relation to this kind of product, taken in other jurisdictions.

As Payments Canada gears up to launch its new real-time rail (RTR) infrastructure, payments company Square tells the trade association, in an interview on its website, that expanding access is critical to supporting innovation and competition in the market.