Insights

Brazilian football club Flamengo's new betting platform was accidentally made public for 48 hours, where players were able to deposit money before it went offline. 

Singapore's government is likely to require casino operators Las Vegas Sands and Genting Singapore to exchange the personal data of gamblers to combat the risk of money laundering, according to draft legislative amendments.

DraftKings’ plan to implement a customer surcharge adds a new layer to the ongoing concern over rising tax rates in U.S. sports betting, with at least one competitor immediately announcing that it will not follow suit.

New Jersey gaming regulators have ordered bet365 to pay out more than a half-million dollars after an audit found the sports-betting operator revised odds to already concluded bets that were placed with “obvious errors”, without prior regulatory approval.

East Timor’s President supports the country's efforts to become an online licensing hub but does not want locals to be able to participate. 

New Zealand’s Commerce Commission has launched a consultation that aims to examine whether locals are paying too much to make and receive Visa and Mastercard payments.

A financial markets reform group has called on US regulators to prevent the merger of Capital One and Discover, saying the "supersize" deal will lead to higher costs for Main Street Americans.

Strong customer authentication (SCA) is combating payment fraud effectively in the European Economic Area, the European Banking Authority and the European Central Bank have confirmed in a new report.

The UK’s payments regulator is moving towards larger discounts for firms that enter enforcement settlements, while Austria’s financial regulator has fined two banks for audit and other failures.

Thailand has released draft control legislation for integrated resorts that includes potential 40-year licences and a maximum fee schedule, but also promises tight Cabinet control on policy and administration and a ban on casino internet gambling.

DraftKings has announced plans to implement a surcharge on customer winnings to offset the impact of high tax rates in several U.S. states, including New York, Illinois and Pennsylvania.

Colombian gambling regulator Coljuegos is being challenged in court over its controversial advertising resolution that caps the amount that operators can spend on marketing according to their reported annual revenue.

The British crown dependency of Jersey has sailed through its latest anti-money laundering and counter-terrorism financing (AML/CTF) evaluation by European monitoring body MONEYVAL, with online gambling protections found to be “commensurate” to industry risk.

Coinbase is accused of making an illegal political donation in the US, Donald Trump proposes a US national strategic Bitcoin reserve, and India’s largest exchange faces an uphill battle to recover stolen user funds.

US regulators have announced that Silvergate Bank has now been shuttered, while regulators in Europe are exploring proposals for technical solutions that could deliver offline digital euro payments.

Brazil’s gambling regulator has concluded the rulemaking process to implement a new national law on online betting and gaming through the publication of three ordinances establishing formal rules on responsible gaming and advertising, among other key topics.

A new U.S.-focused academic study suggests that state gambling policies that legalized online casino games generated more tax money than online sports betting but also higher rates of “irresponsible gambling”.

Ukraine's gambling regulator is working with US technology giant Apple to tackle illegal gambling apps.

On July 22, 2024, the Central Bank of Brazil (BCB) published two resolutions to improve Pix's security mechanisms and has set June 15, 2025, as the new launch date for its Pix Automatic product.

On July 18, 2024, the Payment Systems Regulator (PSR) published Consultation Paper (CP) 24/10 concerning draft guidance on supporting the identification of authorised push payment (APP) scams and civil disputes.The draft guidance aims to support payment services providers (PSPs) in their assessment to establish if an APP scam claim raised by a consumer is not reimbursable under the reimbursement requirement, because it constitutes a private civil dispute. Claims for payments made via Faster Payments and Clearing House Automated Payment System (CHAPS) fall within the scope of the draft.