Insights

It looked like it was all over last year for the U.S. election betting market when the federal government ordered a company taking wagers on political races to close its business for good by a deadline of February 15, 2023.

There is a “significant link” between higher rates of gambling harm and worsening mental health, according to a new study published by UK charity GambleAware.

Two US senators have reintroduced a bipartisan bill that would give the federal government oversight of certain crypto transactions worth $10,000 or more.

On June 28, 2023, the European Commission introduced the digital euro package. This package consists of several proposed regulations aimed at making the digital euro legal tender and provides a framework for its implementation. This regulatory analysis will examine this digital euro package. It will review the legislative history and background to the digital euro and provide an outline of the legislative proposal by the European Commission. Finally, it will examine the potential commercial and regulatory implications on the payments and crypto industries.

In June 2023, the EU released the revised payments package through three proposals: a proposal for a directive on payment services and electronic money services (PSD3); a proposal for a regulation on payment services (PSR); and a proposal for a regulation on a framework for financial data access (FDA). This regulatory analysis takes a look into the problems identified, the new revisions being introduced and the new directions being taken as part of the package.

Argentine lawmakers are working on reforming the country's credit card regulations but the chances of the bill becoming law are getting slimmer by the day as the country is heading to an election later this year.

Germany’s finance minister has said that he wants "to follow the money", but can the country get its policy right to move on from a second-rate Financial Action Task Force (FATF) assessment and the Wirecard scandal?

State auditors have found the Oregon Racing Commission struggles with delays in filling openings for commissioners, weak oversight and transparency of funds to support the horseracing industry, and limited documentation of its reviews of historical horseracing machines.

An application window for Brazil’s first state-level sports-betting licences closed on Friday, with Rio de Janeiro testing the limits of Brazilian lottery laws by enabling approved operators to accept bets from players across the country.

India’s parliament has rammed through legislation imposing a flat 28 percent goods and services tax (GST) on online gaming deposits, land-based casinos, horseracing and lotteries, as well as on foreign-based operations.

As buy now, pay later (BNPL) continues to grow, New Zealand and Qatar have unveiled plans to bring the product under regulatory oversight.

Coinbase seeks an early dismissal of all five charges brought by the SEC, Binance fails to produce an accounting of its US assets, Revolut suspends crypto trading and France tightens registration rules.

The UK’s banking watchdog has sent out a request for account closure data, while the Bank of England is on a recruitment drive for academics to help with its digital pound work.

New York gaming regulators are continuing to tighten rules governing lottery couriers, approving a rule change that would limit players' ability to fund accounts from outside the state.

The Italian parliament has given the green light to a new tax delegation law allowing for the long-awaited reorganisation of the country's gambling sector, including changes to all tax duties and new player protection measures.

The Star Entertainment Group’s Star casino in Sydney has dodged a tax bullet amid its ongoing regulatory nightmare, with the New South Wales (NSW) government deferring a hefty increase in slot machine duty until at least the end of the decade.

Ontario’s gaming regulator for the first time has fined an online operator for failing to meet the province’s responsible gambling standards and warned that all licensees have an obligation to monitor customer play for signs of problems.

A Swedish study of gamblers who have voluntarily excluded themselves found an overwhelming amount of those who breached the facility played online casino games.

Kentucky Horse Racing Commission confirms license applications from seven of the state’s racetracks to open land-based sportsbooks when retail wagering launches next month.

US payments firm Block has announced that it will downsize its presence in Europe to focus on "higher potential" revenue streams, as financials worsen for the loss-making fintech.