Insights Archive

June 7, 2024

Massachusetts Regulator To Hold Hearing On ESPN Anchor's Risk-Free Comment

Penn Entertainment could face sanctions from Massachusetts regulators as a result of a comment made by an ESPN anchor earlier this year regarding “risk-free” gambling.

June 6, 2024

FBI Says Gambling Debt Caused NBA Player To Manipulate Prop Bets

Federal authorities have said former NBA player Jontay Porter was encouraged to manipulate his player propositions due to outstanding gambling debt owed to another person.

June 6, 2024

Regulatory Influencer: US Consumer Financial Protection Bureau Makes Progress on Open Banking

On June 5, 2024, the Consumer Financial Protection Bureau (CFPB) issued a final rule establishing minimum requirements for a standard-setting body to receive CFPB recognition; thereby, allowing them to issue consensus open banking standards when the Personal Financial Data Rights rule is finalized.

June 6, 2024

New US Repeat Offenders Registry Will Target Non-Banks

Non-bank financial companies that violate consumer laws will be registered on a nationwide offenders list, thanks to new powers granted to the US Consumer Financial Protection Bureau.

June 6, 2024

Afterpay Calls For Greater Use Of 'Partial Credit Checks' In Australian BNPL Regulation

Australia’s largest buy now, pay later (BNPL) firm has called for “partial credit checks” to be given a more prominent role in BNPL regulation, as the sector moves towards similar rules as other credit products.

June 6, 2024

Daily Dash: Irish Central Bank Tipped To Launch Innovation Sandbox Programme This Year

The Central Bank of Ireland plans to launch an innovation sandbox programme in 2024, while Australia's parliament has introduced the "Keeping Cash Transactions in Australia Bill 2024", imposing A$5,000 fines on businesses that fail to accept cash payments for regulated in-person transactions.

June 6, 2024

German Online Casino Market Is 'Askew', Executives Say

The online casino market in Germany is "askew", with table games separated from slots and a laborious process for approval of slots games, executives have said.

June 5, 2024

France Launches New Campaign To Combat Betting Ads During The Euros

France’s National Gaming Authority (ANJ) has announced the launch of a new safer gambling campaign in time for the kickoff of the European Football Championship.

June 5, 2024

Regulatory Influencer: Singapore's Expanded Fair Dealing Guidelines, Consumer Duty Goes Global

The Monetary Authority of Singapore (MAS) has announced the expansion of its Fair Dealing Guidelines, to include all financial institutions under its regulatory ambit. These guidelines previously only applied to the selection, marketing and distribution of investment products.

June 5, 2024

What Are The ‘Red Flags’ In India’s New Self-Regulations For Fintechs?

The Reserve Bank of India (RBI) is keen to outsource fintech "industry standards and best practices" to self-regulatory organisations, but its new framework is not without its critics.

June 5, 2024

Payments Insiders Hope For Implementation, Not Regulation As EU Election Begins

The European Parliament’s elections are taking place between June 6 and 9, and with that will come a new mandate for the European Commission. However, payments insiders are hoping for less, not more, from Brussels.

June 5, 2024

Daily Dash: FCA Drops Criminal Investigation Into AML Failures At Monzo

A criminal investigation into money laundering failures at Monzo has been reduced to a civil matter, while UBS has been fined in Switzerland for failing to report suspicious transactions related to a former head of state.

June 5, 2024

Austrian Addiction Experts Demand Sports-Betting Regulation

An Austrian-based gambling addiction support network has called on the government to introduce stricter sports-betting regulations over fears that the current rules hurt player protection measures, taxation and advertising regulations.

June 5, 2024

U.S. Embraces Sports Betting, Remains Cautious Of Internet Gaming

Despite many in the U.S. gaming industry believing that internet casino gaming is the future and will drive significant revenue growth, concerns about cannibalizing land-based casinos and increasing gambling addiction have stalled legislative progress so far in 2024.

June 5, 2024

U.S. Sports League Issues Lifetime Ban To Player, Suspends Four Others

Major League Baseball issued five suspensions on Tuesday to players found to have bet on baseball, including the first lifetime ban the league has issued for betting since the infamous ban of its all-time hits leader 35 years ago.

June 5, 2024

Philippine Police Raid Online Gambling Operation Over Sex Trafficking, Torture

Philippine law enforcement agencies have raided another foreign-facing online gambling operation and detained at least 186 foreign nationals and Filipinos after receiving reports of sex trafficking and torture on site.

June 4, 2024

Affordability Policy Unveiled In The Netherlands

Operators in the Netherlands will soon need to comply with a two-tier affordability scheme and a raft of other new rules released by the Dutch Gambling Authority on Monday.

June 4, 2024

Regulatory Influencer: PSR's Letter to FPS Participants Ahead of APP Scams Reimbursement Requirement Entering into Force

Vixio’s global roundup of imperative regulatory developments. Your lowdown on what the world’s regulatory leaders are up to this month.

June 4, 2024

Australia To Name And Shame Companies Not Paying Suppliers On Time

A new bill that aims to ensure large companies pay smaller suppliers on time has been introduced to the Australian parliament, and includes provisions that will lead to the public exposure of late payers.

June 4, 2024

Singapore's Fair Dealing Rules Will Now Cover Payments And Crypto Firms

The Monetary Authority of Singapore has announced significant updates to its Guidelines on Fair Dealing, meaning more compliance requirements for payments licensees operating in the jurisdiction.

June 4, 2024

Business As Usual Despite Hemsley Exit, PSR Says

The Payment Systems Regulator (PSR) has confirmed that its controversial authorised push payment fraud reimbursement rules are to go ahead, despite managing director Chris Hemsley’s imminent exit.