Today, illegal gambling represents a $150 billion business. Soon, however, the payments industry will be able to tap into that market legally, thanks to a recent decision by the Supreme Court to axe a federal law that prohibited gambling on sports in most U.S. states....
The intelligence agency in Germany implied on Monday (May 14) that more regulation may be applied to social media companies if the European Union can get them to increase their accountability for spreading illegal and dangerous content. Get the Full Story Complete the form to unlock...
The Supreme Court of the United States (SCOTUS) has struck down a 1992 law passed by Congress that made it illegal for most states to legalize sports betting within their borders. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
May 11 marked a watershed moment of sorts when, this past Friday, the final customer due diligence rule via the Financial Crimes Enforcement Network (FinCEN) took effect. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
U.S. consumer watchdogs have expressed concern over the possible appointment of Andrew Smith as the next director of the Federal Trade Commission’s Bureau of Consumer Protection. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The former head of the Vatican bank is answering tough charges of money laundering and embezzlement, according to news from Reuters. Angelo Caloia, 79, is the highest-ranking Holy See financial official to stand trial. He, along with lawyer Gabriele Liuzzo, 95, stand accused in a trial...
With Europe’s General Data Protection Regulation (GDPR) law coming into effect in May, regulators who are tasked with enforcing the law have signaled they are not ready yet. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Bitcoin may be the marquee name in cryptocurrencies, but regulation may loom for its digital dollar brethren. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...
To find companies that may be using software to fix prices, EU regulators may create their own algorithms. European Competition Commissioner Margrethe Vestager said that it’s now easy for price collusion to occur, Reuters reported. Get the Full Story Complete the form to unlock this article...
