Robinhood Markets Inc., known for reshaping retail stock trading, is preparing to expand its rapidly growing prediction market business overseas. The company has initiated discussions with international regulators such as the UK Financial Conduct Authority (FCA) to assess how to push event-based con
The Philippine financial regulatory authorities recently discovered significant loopholes in the supervision of online gambling funds. Although the central bank had requested last month that e-wallet service providers remove direct links to gambling platforms, the latest information disclosed at the
The Central Bank of the Philippines (BSP) issued an emergency directive on Thursday, requiring all electronic wallet platforms nationwide to completely remove icons and links associated with online gambling sites within 48 hours, including major platforms such as GCash, Maya, etc. This measure aims
Recently, Apple Pay and Google Pay officially received approval from the Central Bank of the Philippines, confirming that their operations in the Philippine market do not require central bank registration permission. Since these two payment platforms only provide technical services and do not involv
Permanent TSB in Ireland recently launched a new feature that allows customers to voluntarily block gambling transactions on their bank cards. This initiative is designed to provide tools for users with gambling issues to better control their spending behaviors and has been highly commended by the n
The Central Bank of the Philippines (Bangko Sentral ng Pilipinas, BSP) recently issued a public consultation draft proposing stricter regulation of banks and electronic wallet services involved in online gambling payments. This move aims to enhance protection for minors, problem gamblers, and other
The Philippine Congress is currently deliberating a significant legislative proposal aimed at amending the existing "Bank Secrecy Law" to allow the Central Bank (BSP) to access bank account information, including foreign currency accounts, without court authorization under specific circumstances. Th
A new study published in the journal "Academia Against Poverty" delves into the operations of Myanmar's cybercrime syndicates, revealing how scams, money laundering, and human trafficking are deeply embedded in the border areas of Myanmar and the underground gambling networks, forming a vast transn
Massachusetts’ top securities regulator has begun an investigation into trading platform Robinhood’s decision to launch a prediction-markets hub that allows users to bet on the outcomes of a range of events, including March Madness college basketball tournaments.Massachusetts Secretary of State Bill
The platforms that are part of the National Association of Games and Lotteries (ANJL) must move forward the ban on the use of credit cards for online betting to October 1st. The prohibition of this payment method had already been determined by a decree from the Ministry of Finance, but the rule only
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