Archived Insights

The head of a key UK payments regulator has tendered his resignation, while Swift has launched new pilots using AI to combat cross-border payments fraud.

As concern mounts among investors that states will follow the lead of Ohio and Illinois to raise headline tax rates on sports wagering, promotional play deductions remain a significant source of savings for operators that a few states have since looked to revisit.

In the latest of a series of actions cracking down on illegal online gambling, the Michigan Gaming Control Board has issued a cease-and-desist letter to offshore sportsbook Bovada and is also requiring licensed suppliers to attest that they do not provide games to illegal operators internationally.

Another FTX executive receives a custodial sentence, a Binance compliance chief falls “seriously ill” while on trial in Nigeria, and Binance announces a $3 incentive for customers to undergo "know your customer" checks.

Nordic banks have warned the European Commission of the potential exacerbation of fraud risks under new EU regulations, citing proposed changes to payment service provider liability and advocating for stricter oversight of telecom companies and intensified efforts to combat fraud on social media platforms.

Pay.UK’s fraud detection and prevention pilot, in collaboration with Visa, Synectics Solutions and Featurespace, has shown a 40 percent uplift in fraud detection.

A senior official at the Bank of Canada has expressed frustration at the repeated delays to the launch of the country’s instant payment system, while Latvia is seeing results in its fight against phone scams.

Sweden's Court of Appeal has upheld enforcement action against Mr Green, although it more than halved the penalty the operator was ordered to pay.

The UK’s general election on July 4 is widely expected to usher in a new government after 14 years of Conservative Party rule, with the Labour Party likely to take over implementing the Gambling Act Review.

A player refund case has been dismissed in the Netherlands after a judge found in favour of Entain-owned Bwin.

A new report commissioned by the Swedish Trade Association for Online Gambling says a proposed tax increase would lead to licensed gambling market share dropping between 1.2 to 2.5 percent and could create more than a thousand problem gamblers.

Two of India’s largest banks, Yes Bank and ICICI Bank, have each been fined more than $100,000 following supervisory investigations into their internal practices.

Payments companies in the UK must put in place fraud-reporting measures and inform customers of their reimbursement rights under new regulations coming into force in October this year, the Payment Systems Regulator (PSR) has said.

As open banking evolves and extends to larger-scale open finance, it is rapidly emerging as a global phenomenon reshaping the financial ecosystem. Currently, nearly all of the countries in the world have some form of open banking initiative, each tailored to address local financial needs with differing regulations. Our new Open Banking Outlook takes a look at the benefits and challenges of open banking, recent key developments regarding open banking frameworks across the globe and where open banking is heading in the future.

The ongoing revision of the EU’s Payment Services Directive (PSD2) is a prime opportunity to address the challenges and ambiguity surrounding virtual IBANs, Belgian officials chairing talks among EU governments have said in documents seen by Vixio.

Bulgaria’s efforts to prevent money laundering and terrorist financing have received praise from MONEYVAL, while the Bank of Israel has launched a new developer challenge to find use cases for central bank digital currency.

The Nevada Gaming Control Board has issued a series of guidelines designed to expedite the evaluation of new gaming technology by agency staff.

The record-breaking sponsorship deal between online betting operator VaideBet and Brazilian football club Corinthians is now under investigation over the role of a suspicious intermediary.

Australia’s leading corporate bookmaker Sportsbet has escaped a fine from financial transactions watchdog AUSTRAC over anti-money laundering compliance failures, but will be closely monitored over a two-year remedial period.

Since the 2024 Missouri legislature has adjourned without an elusive agreement between lawmakers on legalizing sports betting, a ballot initiative is the only route left this year to bypass the legislative stalemate.

​​​​​​​The Swedish Gambling Authority won some appellate court cases this week and lost others, including a ruling upholding its penalties against five operators who were assessed more than €10m in total, but suffered defeat in its enforcement against payments company Zimpler.