Insights Archive

January 17, 2025

Maryland Regulators Cracking Down On Offshore Sites And Sweepstakes

Ongoing efforts to crack down on offshore gambling sites and unlicensed sweepstakes platforms operating in the U.S. continue to be challenged by a lack of acquiescence on the part of the companies, according to Maryland's chief regulator.

January 17, 2025

News In Brief: January 13-January 17, 2025

The long time leader of the National Council on Problem Gaming has left his post.

January 17, 2025

DORA D-Day Is Here As Firms Prepare For 'Significant' Reporting Deadline

Vixio speaks to experts as the EU’s Digital Operational Resilience Act (DORA) becomes a fully actionable compliance requirement for financial institutions and their ICT providers operating in the trading bloc.

January 17, 2025

Week In Crypto: The Battle For Trump-Era Crypto Regulation Begins

US lawmakers are preparing to deliver on a widely anticipated federal crypto framework and new crypto-specific anti-money laundering legislation, both of which look set to emerge under President Trump.

January 17, 2025

Daily Dash: Ireland Makes Fraud A Priority In Programme For Government

The incoming Irish administration’s programme for government includes a dedicated section on tackling fraud in the financial services sector, showing how much of an issue it has become for policymakers.

January 17, 2025

Daily Dash: CFPB Accuses Capital One Of 'Cheating' Its Customers

The US Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against credit card Capital One and its parent company, Capital One Financial Corp.

January 17, 2025

Outlook 2025: Africa's Markets Evolve As Wider World Looks To Continent For Growth

Africa’s gambling landscape is continuing to mature quickly, as many countries look to expand their regulatory oversight and introduce centralised monitoring systems to plug tax leaks and combat illegal gambling.

January 17, 2025

Alleged POGO Fugitive Boss Storing $2m In Cyprus, Report Says

The alleged head of a major online gambling and cyber-scamming network facing human trafficking and money laundering charges in the Philippines is using a company in Cyprus to store more than $2m, according to a media report.

January 16, 2025

Maryland Governor Proposes Doubling Sports-Betting Tax Rate

Democratic Governor Wes Moore released his budget proposal for fiscal year 2026 on Wednesday, calling on lawmakers to double the sports-betting tax rate and implement a more modest increase to the taxes paid by casinos on their table games.

January 16, 2025

Crypto.com To Continue Sports Prediction Markets Despite Federal Review

Crypto.com said it will continue to offer sports prediction markets across all 50 U.S states, despite federal regulators initiating a review on the legality of the offering.

January 16, 2025

Brazilian Bank Warns Players Off Gambling During Transactions

Brazil’s largest fintech bank has started an initiative to place barriers between customers and online gaming transactions.

January 16, 2025

Daily Dash: FDIC Signals More 'Open-Minded' Approach To Emerging Tech

A top official at the US Federal Deposit Insurance Corporation (FDIC) has said banks are likely to be given more freedom to experiment with emerging payments technologies under the incoming Trump administration.

January 16, 2025

Nigeria Aims To Leverage Remittance Flows With New Non-Resident Accounts

The Central Bank of Nigeria has approved two new types of financial accounts that aim to tap into remittance flows and help stimulate the local economy.

January 16, 2025

MEP Raises Concerns Of Musk Market Manipulation Amid MiCA Implementation

Elon Musk, the billionaire X and Tesla owner and key player in the incoming US administration, has become a cause for concern in Brussels, with an EU lawmaker questioning whether his actions are legal under EU law.

January 16, 2025

CFPB Flags Buy Now, Pay Later Risks For High-Balance Borrowers

A new report from the US Consumer Financial Protection Bureau (CFPB) reveals increasing reliance on buy now, pay later services among consumers, particularly those with high unsecured debt balances and subprime credit scores.

January 16, 2025

UK Commission Chief Promises Seismic Supplier Action

Upcoming action against the UK black market could be so forceful it compels fellow national regulators to follow suit, the chief executive of the Gambling Commission has predicted.

January 15, 2025

American Gaming Association CEO Seeks Larger Federal Crackdown On Offshore Sites

The strength and resilience of the offshore sports-betting market remains a major issue for the U.S.' regulated gaming industry that so far has unsuccessfully lobbied federal law enforcement agencies to crack down on illegal websites.

January 15, 2025

Intralot Inks $5m Settlement To End DC Fraud Investigation

Intralot and its Washington DC-based subcontractor will pay a combined $6.5m to settle allegations that the two companies misrepresented their compliance with the District of Columbia's contracting laws.

January 15, 2025

Brazilian Market Faces Back-Tax Threat

The newly-launched Brazilian market faces a dual threat in the shape of potential back-taxes for formerly offshore operators in addition to a selective consumption tax that has no cap.

January 15, 2025

Dutch Regulator Issues €1.275m Fine To Winning Poker Network

The Netherlands Gambling Authority (KSA) has fined Winning Poker Network €1.275m over what it says are repeated violations of the country’s gambling laws.

January 15, 2025

Regulatory Influencer: India Consults on Data Protection Rules: A Data Protection Regime at Last?

India’s Ministry of Electronics and Information Technology is currently seeking feedback on its draft Digital Personal Data Protection Rules, along with an explanatory note that will implement the requirements of the Digital Personal Data Protection Act, which was passed in August 2023 and has not yet entered into force.