Insights

After months of debate, Massachusetts gaming regulators closed the door on Tuesday on allowing promotional play to be deducted from taxable sports-betting revenues.

Kenya’s President has defended the controversial Finance Bill 2023, which would increase the excise duty on lotteries, betting and gambling, as well as change the definition of “winning”.

This impact analysis will examine the latest version of the Japan Consumer Credit Association’s credit card security guidelines, which mandate the use of EMV 3-D Secure, in comparison with the European Union's strong customer authentication (SCA) requirements under the revised Payment Services Directive (PSD2). It will first lay out the historical background of both these regulatory regimes before comparing three aspects of these regulations namely, applicability, verification requirements, and permitted verification methods. It will then examine whether these regimes are equivalent to each other and, if not, what additional measures credit card and other payment operators may need to take to comply with both regimes.

The UK and European Commission have published joint text of their draft memorandum of understanding (MoU) on regulatory cooperation in financial services, in a sign of the thawing of relations between the two jurisdictions.

Consumer credit reforms will mean that buy now, pay later (BNPL) agreements will be treated as credit products by year-end.

Canada’s government has announced a new agreement with Visa and Mastercard to reduce credit card interchange fees to 0.95 percent. The move has been cheered by some, while called a failure by others.

New York gaming regulators on Monday revised proposed rules that originally would have significantly limited the ability for affiliate marketers to support the state's mobile sports-betting industry.

Operator Skill On Net Limited will pay £305,150 after a UK Gambling Commission investigation revealed social responsibility and anti-money laundering (AML) failures.

Legislators began this year’s sessions in Minnesota and Missouri confident they had enough support to pass bills legalizing retail and mobile sports betting, but long-standing objections by powerful interest groups and politicians have delayed any action until at least next year.

A prominent independent Australian lawmaker has tabled a bill that would enact a “comprehensive ban on gambling advertising”.

Optimism and scepticism in equal parts have greeted the General Directorate for Gaming Regulation’s (DGOJ) plan to centralise deposit limits, and although the industry says it was happy to have finally been consulted, the feasibility of implementation raised eyebrows.

The head of the Dutch Online Gambling Association has warned that it is still too easy for online gamblers to “end up in the clutches of organised crime”, as the industry awaits an impending advertising crackdown.

In a new policy statement, the US Federal Trade Commission warns businesses against misusing biometric information and hints at heightened scrutiny of those that do not comply.

Insiders expect the European Commission to release its proposed revisions to the Payment Services Directive, a possible Payment Services Regulation, Open Finance framework, Late Payments Directive, as well as new digital euro legislation, all on the same day in June.

The UK government has announced a new wave of sanctions against Russia, targeting 86 businesses and individuals connected to Russia’s energy, metals, defence, transport and financial sectors.

With legislation to regulate sports betting still not formally introduced, representatives of leading international operators are being called to testify as part of a high-profile congressional probe into match-fixing allegations that have rocked Brazilian football.

It is not as though U.S. Attorney General Merrick Garland does not have other priorities but his refusal to even acknowledge pleas for help in cracking down on illegal offshore gambling is growing more puzzling.

Influential UK gambling pressure group “The Campaign for Fairer Gambling” is being relaunched to focus its efforts on the US online gambling market.

The UK Gambling Act white paper will likely take a number of years to fully implement, according to Gambling Commission deputy chief executive Sarah Gardner.

A war of words erupted at a recent industry conference, as industry representatives sparred with Spain's head gambling regulator over claims that the recent advertising royal decree constituted a full ban and demands for industry consultation on future decrees.