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Spanish lawmakers approve gambling bill changes on payment security

Regulation

A Spanish Congress committee approved a report on a gambling bill that would require payment methods used for betting to be registered in players' names. Players would have six months to register; during that period they could continue betting but could not withdraw winnings until their identity checks were complete.

Operators would need to verify payment ownership and manage the proposed six-month registration period.

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Regulation

Brazilian fintechs seek changes to illegal betting payment rules

Brazilian payment fintechs are seeking talks with the Secretariat of Prizes and Betting (SPA) to renegotiate rules targeting payments to illegal betting platforms, according to a media report. The rules require intermediaries to freeze a betting platform’s accounts within 24 hours of official notification; failure to comply can make them jointly liable for its tax debts.

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