Insights Archive

November 4, 2024

New Finland Draft Will Accelerate Market Opening

Finland has released an updated draft of its monopoly-ending gambling law, revealing an intent to open the market six months earlier than planned.

November 4, 2024

Brazil's Chief Prosecutor Expected To File Legal Challenge Against Online Gambling Law

Brazil’s prosecutor general is reportedly preparing to file a constitutional challenge in order to overturn Law 14.790, which regulates online betting.

November 4, 2024

Daily Dash: Cyprus Considers Banning Cash Transactions Over €10,000

Lawmakers in Cyprus are considering banning the use of cash for transactions of €10,000 or more, while the US CFPB has fined VyStar Credit Union $1.5m after a failed system upgrade left customers without access to their accounts.

November 4, 2024

US Election 2024: How A Trump Win Could Affect The CFPB

In the first of a two-part report, Vixio looks at what the impact of a second term for President Donald Trump will be on the Consumer Financial Protection Bureau (CFPB), the US federal consumer protection agency.

November 4, 2024

Singapore: New National AML Strategy Banks On 'Whole-Of-Government' Approach

One year on from Singapore’s largest ever money laundering bust, regulators are banking on a "whole-of-government" approach to prevent further illicit funds from entering the jurisdiction’s financial system.

November 4, 2024

Mastercard Faces European Commission Fee Probe

The US card giant has disclosed in its quarterly report that it is cooperating with the European Commission on an antitrust investigation.

November 4, 2024

OBL Could Oversee Standards In New UK Data Bill, Open Banking Chief Says

In an exclusive interview with Vixio, Henk Van Hulle, chief executive of Open Banking Limited (OBL), welcomed the Data Use and Access Bill and suggested that his organisation could act as the body overseeing standards.

November 4, 2024

São Paulo Awards Brazil's Most Lucrative State Lottery Licence

São Paulo’s government has awarded a $100m concession for a state lottery and may soon follow up with a local licensing system for sports betting and online gaming.

November 1, 2024

MGM, Caesars Laud Digital Business Growth

Despite stagnant expansion of online casino gambling to new U.S. markets, casino giants Caesars Entertainment and MGM Resorts International believe the substantial investments they have made in their digital businesses are adding to the bottom line.

November 1, 2024

Massachusetts Regulator Hit With Lawsuit Over Delays In Player Data Collection

A new lawsuit claims the Massachusetts Gaming Commission has been withholding behavioral data for research into problem gambling.

November 1, 2024

Gibraltar Stalemate Continues With No Border Deal In Sight

The online gambling hub of Gibraltar is approaching five years past Brexit without a full agreement that would allow a vital daily flow of workers across the border from Spain, leading many to wonder if the outcome will be no deal.

November 1, 2024

ECB Calls For Expressions Of Interest In Digital Euro Innovation Partnerships

As momentum builds around the potential launch of a digital euro, the European Central Bank (ECB) is seeking expertise from across the eurozone to collaborate on shaping the future of digital currency.

November 1, 2024

Week In Crypto: Tether Under US Criminal Investigation, Says WSJ

An article by the Wall Street Journal (WSJ) has claimed that Tether is under criminal investigation for potential violations of US anti-money laundering rules.

November 1, 2024

Competition Is Increasing Risk Of Financial Crime in Lithuania's Payments Sector

A new Lithuanian government report has identified payments and e-money institutions and virtual asset service providers as the business sectors facing the highest risk of money laundering and terrorist financing.

November 1, 2024

Daily Dash: European Payments Council Releases Verification Of Payee API Specifications

The European Payments Council has published the Verification of Payee (VoP) API Specifications, establishing the guidelines for implementing VoP-related APIs, while MoneyGram has appointed a new CEO only weeks after being hit by hackers.

November 1, 2024

Isle Of Man Sends Executive To Manila To Hunt POGOs

The Isle of Man government has sent an executive agency CEO to the Philippines to identify soon-to-be deregistered online gambling operators interested in relocating to the Isle of Man.

October 31, 2024

Online Betting Back In Brazil Senate Spotlight

Brazil’s Senate could still approve a sweeping expansion of land-based gaming this year, even as senators form a special commission to review additional restrictions for online gambling, according to a key lawmaker.

October 31, 2024

U.S. Government Renews Focus On Gaming AML Compliance

Recent anti-money laundering (AML) actions targeting casinos and cardrooms by federal law enforcement and state gaming regulators are unprecedented in their number at least for the last decade, with significant fines and non-prosecution agreements suggesting increased industry scrutiny.

October 31, 2024

American Gaming Association Targeting Sweepstakes, Skill-Game Machines

The significant growth of unregulated sweepstakes casino games and skill-game machines has become a central issue for the leading trade body that represents the regulated U.S. gaming industry, according to an American Gaming Association executive.

October 31, 2024

UK Industry Bolstered After Avoiding Remote Gambling Tax Hike

UK gambling businesses received a massive boost after the government announced it would not be hiking remote gambling taxes for the time being.

October 31, 2024

Brazil's Pix: Mandate For Recurring Payments Feature Goes Live

Financial institutions that participate in Brazil’s Pix instant payment system must now offer their customers the ability to set up recurring payments, using a feature known as Pix Agendado.