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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888 Says It's Keen On Keeping William Hill Shops

888 Holdings has affirmed its interest in keeping William Hill’s 1,400 stores, as its chief executive said it had rebuffed approaches to sell them.
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Gambling

Finnish Licensing Possible By 2026, Consultant Predicts

A change in political power could see a licensing system introduced in Finland as early as 2026, according to a former Veikkaus Oy VP turned local gambling consultant.
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Gambling

DC Lottery Needs Changes To Boost Sports-Betting Revenue

The DC Lottery’s sports-betting product is performing poorly, and the city should consider increasing the tax rate on private operators, as well as other structural changes, to assist the struggling program, according to a new report from D.C.’s independent monitor.
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Gambling

News In Brief: September 6-September 10, 2021

Netherlands licensees to be named in late September, Cypriot regulator wants gambling companies to embrace crypto and Japan's Yokohama is officially withdrawn from casino-resort contention.
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Gambling

China’s Personal Information Protection Law To Take Effect On November 1

Swingeing fines and the revocation of business permits are the order of the day for China's new data protection law, which stipulates that firms that are guilty of serious offences can pay fines of up to 50m renminbi (US$7.74m), or 5 percent of their annual turnover.
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Payments

Bank Of England Gauges Pandemic’s Effect On Its Payment Systems

The Bank of England has published its Real Time Gross Settlement (RTGS) system and Clearing House Automated Payment System (CHAPS) annual report, which shows that the central bank's payments systems have remained resilient despite the depredations of COVID-19.
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Payments

News In Brief - September 9, 2021

Adrienne Harris is to be the next leader of the New York State Department of Financial Services, while the U.S. Securities and Exchange Commission is investigating Uniswap, a global DeFi (decentralised finance) exchange.
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Payments

Never Fans Of Sports Betting, Professional Athletes Rail About Cyberbullying

As legal sports betting continues to expand across the U.S., the National Football League opens its 2021 season Thursday, but athletes say they fear a new era of betting is helping fuel online hate.
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Gambling

888 To Pay £2.2bn For William Hill International

888 Holdings said it has agreed to buy the non-US operations of William Hill from owner Caesars Entertainment for an enterprise value of £2.2bn, including debt.
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Gambling

Ukrainian Commission On The Brink

Ukraine's gambling commission is in danger of collapse, with its mandate due to expire at the end of October and legal confusion blocking its renewal.
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Gambling

Swedish Trade Group Wants COVID-19 Gambling Restrictions Lifted

The Swedish Trade Association for Online Gambling (BOS) is asking the government to remove COVID-19 related online casino restrictions at the end of the month, in step with the lifting of many other pandemic measures, rather than on November 14.
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Gambling

Genius Sports Expects NFL Data Rights Deal To Be Profitable By 2022

Genius Sports executives have said the company’s exclusive partnership with the National Football League will be profitable by next year after questions from analysts regarding the company’s most significant North American sports partnership.
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Gambling

Mixed Results For SCA Compliance

Despite progress, various parts of the payments ecosystem in continental Europe have yet to implement strong customer authentication (SCA) fully — and this is also true in the UK.
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Payments

News In Brief - September 8, 2021

Singapore and South Africa are warning the public against Binance. Compliance officers at payments firms ought to be on the lookout for unregulated customers and recipients of payments, such as the denizens of the Hong Kong Securities and Futures Commission's list of unregulated collective investment schemes. Meanwhile, the Australian Prudential Regulation Authority is making various previously private pieces of information about firms public.
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Payments

Vietnam Mulls Expanding Football Betting Product, Online Sales

After years of stalling on a request for proposals for a sports-betting monopoly, Vietnam is moving to aggressively expand the number of football competitions permitted for bets, while flagging permission for online sales.
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Gambling

Slovenia Unveils Market Opening Draft

Slovenia is set to offer international operators a pathway into its entire gambling market for the first time, as the government unveils plans to offer new concessions and abandon some of its restrictive licensing requirements.
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Gambling

Press Council Chides Media For Mislabelled Casinos Austria Ads

The Austrian Press Council has reprimanded two newspapers for running Casinos Austria and Austrian Lotteries articles that should properly have been labelled “paid advertising”, as advertising issues flare up across the continent.
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Gambling

Customer Interactions Still Failing, Says UK Commission

The Gambling Commission continues to see operators allowing consumers to gamble potentially harmful amounts with very limited or no customer interaction until a very late stage, a senior official has said.
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Gambling

U.S. Charges Four Over $150m Payment-Processing Scam

The U.S. Department of Justice has charged four people in Massachusetts with conspiring to deceive banks and credit card companies into processing more than $150m in credit- and debit-card payments on behalf of merchants involved in prohibited and highly risky businesses, including online gambling, debt collection, debt reduction, prescription drugs and payday lending.
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Payments

Bankers Ask Fed For Maximum Interoperability Between RTP and FedNow

In response to a notice of proposed rulemaking that the U.S. Federal Reserve published in June, the American Bankers Association has asked the regulator to ensure that the Real Time Payments Network becomes as interoperable as possible with its planned real-time gross settlement system. It does so as part of a wider set of comments about the Fed's impending reform of Regulation J.
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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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