Insights Archive

March 17, 2023

News In Brief: March 13-March 17, 2023

Maryland moves to prevent gambling marketing on college campuses and Western Australia backs post-scandal reforms to Crown casinos.

March 16, 2023

Friend Or Foe? What HSBC’s SVB UK Rescue Package Means For Fintech

As the dust settles, concerns are growing that HSBC’s rescue deal for Silicon Valley Bank (SVB) may not bode well if the bank uses its traditional risk approach.

March 16, 2023

European Parliament Passes Data Act

The proposed legislation will govern rules for data-sharing related to connected devices and aims to help facilitate new services that leverage big data and machine learning across the EU.

March 16, 2023

Take Action Now To Stop Ransomware, FATF Urges In New Report

The Financial Action Task Force (FATF) has urged members to take action to stop the spread of ransomware, and to prevent it from being used for money laundering and terrorist financing purposes.

March 16, 2023

Tabcorp Secures Discovery In Court Clash With Entain

Australian wagering giant Tabcorp Holdings has prevailed in court action to secure documents from bookmaker Entain to establish if the latter's deal with a pubs and hotels lobby group infringes Tabcorp’s retail monopoly.

March 16, 2023

Brazil To Ban Unlicensed Advertising In High-Cost Sports-Betting Market

A forthcoming emergency decree to regulate sports betting will reportedly prohibit all advertising and sponsorship by unlicensed operators unwilling to pay an anticipated multi-million real upfront licensing fee.

March 16, 2023

German Regulator Denies Tight Rules Foster Black Market

The German regulator has challenged a trade group’s assertion that the country’s restrictive online gambling rules are fueling a black market.

March 16, 2023

Legal Bets On March Madness Set To Surpass Illegal Wagers In 2023

Meet the Press, the longest-running television series in the United States, is projecting legal sports wagers on March Madness this year will, for the first time, exceed revenue from illegal bets.

March 15, 2023

Republicans Blame ’Woke’ Capitalism For SVB Collapse As Democrats Push For Stricter Regulations

In the early days after the second-largest bank failure in history, the fallout inevitably becomes political as Democrats call for the strengthening of the post-financial crisis legislation, while Republicans blame the firm’s ESG policies.

March 15, 2023

2023 Outlook: Surviving and Thriving in Challenging Times

As companies move into 2023, they face a new, more challenging environment than what came before. Whether due to rising competition, a worsening economy or the growing presence of fraud, payments firms face a bitter cocktail of threats over the next 12 months.

March 15, 2023

Binance Scraps $1bn Crypto ‘Recovery’ Fund, As UK Fiat Partner Quits

Citing turbulence in the crypto banking and stablecoin markets, Binance has retracted its offer to invest $1bn in "distressed" crypto firms, while in the UK its fiat payments partner has quit the exchange.

March 15, 2023

Let’s Get MiCA Sorted Before We Consider MiCA II, MEPs Say

The FTX scandal has got the EU’s central bank chief calling for a MiCA II already, but parliamentarians and industry simply want to get the original regulation over the finish line.

March 15, 2023

Massachusetts Holds Hearing For Wynn Resorts, Penn Entertainment Sports-Betting Violations

The Massachusetts Gaming Commission held two hearings on Tuesday with representatives from Wynn Resorts and Penn Entertainment casinos to discuss potential penalties, after each company self-reported accepting illegal wagers on in-state college games.

March 15, 2023

Spain To Bar 'Intensive' Gamblers From Using Credit Cards

A new Spanish royal decree targets the protection of young people aged 18 to 25 years-old and what it calls “intensive” gamblers, who will be shielded from promotions, VIP status and restricted from using credit cards.

March 15, 2023

Oregon Considers Studying Lottery's Impact On Tribal Gaming

Oregon has not taken a comprehensive look at its gaming industry since 1996, but with the introduction of sports betting almost four years ago, a bill being considered by a committee in the House of Representatives would require a study of the state lottery and its impact on tribal gaming.

March 15, 2023

Argentine City Of Córdoba Refusing To Allow Online Gambling

As the mysterious delay in issuing licences to the eight selected online gambling operators in the province of Córdoba continues, the eponymous capital city of Córdoba has again publicly declared that online gambling will not be allowed within its city limits.

March 14, 2023

Data Dive: How Regulatory Activity In Asia Fell Off A Cliff

Priorities have gradually shifted across Asia, with VIXIO’s expert on the region calling out previous payments modernisation, recession planning and the end of a post-election high as the likely causes.

March 14, 2023

Despite $3.3bn Deposit, Circle Emerges From SVB Collapse Unscathed

Following a turbulent weekend, the issuer of the world’s second-largest stablecoin has recovered its $3.3bn deposit from Silicon Valley Bank (SVB), which collapsed on Friday.

March 14, 2023

Card Networks Halt Gun Code Implementation Amid US State Backlash

The ISO global standard requires card networks to implement a merchant category code for gun purchases but the largest card companies have decided to put those plans on hold as several US states have moved to ban the gun code.

March 14, 2023

Parimatch Among Ukrainian Companies Shuttered Over Russia Links

Ukraine has named a slew of gambling companies that must shut down over alleged links to Russia, including leading bookmaker Parimatch, which has previously pledged to channel profits directly to the Ukrainian army.

March 14, 2023

Former NSW Gaming Minister Calls For Probe Into Slots Lobby

A former minister for gaming in the New South Wales (NSW) state government has called for an inquiry into aggressive pubs and clubs gaming lobby ClubsNSW “for the sake of our democracy”.