Insights Archive

March 14, 2023

U.S. Leagues Tout Mutual Benefits To Sports-Betting Partnership Agreements

With some operators beginning to question the value of league and team marketing partnerships, officials from major U.S. leagues remain confident in their position in the sports-betting ecosystem.

March 14, 2023

Brazilian Senators Propose A New Sports-Betting Law

The sudden frenzy around sports-betting regulations in Brazil has seen two senators proposing a new bill despite the fact that a presidential decree to regulate an existing sports-betting law appears imminent.

March 13, 2023

Payments Central To EU Digital Identity Drive As Pilot Readies

As Brussels veers closer to a final agreement on a digital ID, VIXIO has spoken with the NOBID Consortium, which is developing a large-scale payment pilot for use within the EU-wide digital wallet.

March 13, 2023

Indian Central Bank Could U-Turn On Plans To Allow Fees Over UPI

Reports are circulating that the Reserve Bank of India may have gone cold on plans to allow firms to charge fees for use of the country's instant payments system, the Unified Payments Interface (UPI).

March 13, 2023

Affirm Quits Australia To Focus On US, UK Expansion

Buy now, pay later firm Affirm ends Australian partnership but continues with US and UK expansion plans, doubling down on its core businesses.

March 13, 2023

Minnesota Mulling Sports-Betting Bill With Unique Provisions For Responsible Gambling

A bill to legalize sports betting making its way through the Minnesota legislature would establish several of the strictest advertising provisions and problem gambling requirements in the U.S., including a required waiting-period between placing wagers.

March 13, 2023

BAGO Takes Aim At Belgian Ad Ban, Separate Player Accounts

The Belgian Association of Gaming Operators (BAGO) has criticised the country’s impending ban on advertising and other planned measures announced in a separate draft law on the same day.

March 13, 2023

Class Action Lawsuits Compound Cyber Problems For Gambling Industry

As if ransomware attacks were not enough of a headache already, class action lawsuits are emerging this year as a new bane plaguing online and land-based casinos.

March 13, 2023

Ukraine Blocks Sites As It Finalises Russian Sanctions

Ukraine’s regulator says it has blocked 709 illegal gambling sites and shut down 606 unlicensed gambling establishments, as it readies new powers to expunge Russia from its gambling market.

March 10, 2023

Private Sector Wants Role In Sanctions Preparation, EU Told

Sanctions experts have stressed the importance of bringing the private sector into the creation of sanctions packages, calling for greater consultation and resources to carry out the will of EU policymakers.

March 10, 2023

Week In Crypto: Silvergate Bank Collapses As Crypto Clients Abandon Ship

US financial services provider for the crypto industry, Silvergate Bank, goes into liquidation as senator raises concerns of contagion in the traditional financial sector. Meanwhile, UK regulator questions the integrity of crypto firm applications and an UAE crypto exchange partners with Mastercard.

March 10, 2023

Daily Dash: Economic Crime Levy On Way

The UK’s financial watchdog has confirmed it will be invoicing for the new economic crime levy from July this year, US agency calls for clarification on financial products that help gig workers and UK central bank joins Asian counterparts in cross-border payments workshop.

March 10, 2023

UPDATE: White House Urges States To Join It In Fight Against Junk Fees

The White House has again spoken out against junk fees, calling on state regulators to step up efforts to tackle unfair and hidden fees. Meanwhile, Consumer Financial Protection Bureau data shows many banks have already adjusted their practices as a result of federal actions.

March 10, 2023

Australasian Medical Lobbies Team Up For Reform, Against Gaming Ads

Australia and New Zealand’s peak medical organisations have tag-teamed at an Australian parliamentary hearing to lament the gaming regulatory landscape and support a ban on sports-betting advertising and the creation of a national online gambling regulator.

March 10, 2023

Dutch Regulator To Collect On €4.4m Gammix Fine

The Netherlands Gambling Authority (KSA) has decided to collect €4.41m from Malta-based Gammix, despite the company’s objection to its periodic penalty payments.

March 10, 2023

U.S. iGaming Expansion Expected To Roll Snake Eyes In 2023

Although online casino bills remain on the table in New York and other states, U.S. industry executives are not at all optimistic that any of them will get over the line this year.

March 10, 2023

Massachusetts Attorney General Expresses Concerns As Mobile Betting Launches

As six mobile sports-betting operators prepare to go live in Massachusetts on Friday, the state's attorney general's office is calling for regulations to be strengthened to protect consumers from potential risks of problem gambling.

March 10, 2023

Brazil Expected To Regulate Sports Betting Through Multiple Decrees

Brazil’s long-awaited provisional measure to implement a sports-betting market is expected to be followed by multiple decrees on specific areas of regulation, according to a legal expert in the country.

March 10, 2023

Belgium Gambling Ad Ban Confirmed

Belgium has published a royal decree severely restricting gambling advertising, despite the regulator’s fear that it will increase black market activity.

March 9, 2023

Railsr Bankruptcy Deal Nears As Regulatory Troubles Mount

As the once UK fintech unicorn Railsr reportedly mulls a pre-pack administration deal, market players react and question the business models of some banking-as-a-service (BaaS) providers.

March 9, 2023

Get Your Priorities Straight, FCA Tells Finance Firms Ahead Of Consumer Duty

In a new Dear CEO letter to retail finance providers, the UK Financial Conduct Authority (FCA) has urged firms to adopt "effective prioritisation" measures ahead of a key deadline. However, some buy now, pay later firms will not receive the letter for now.