Insights Archive

February 20, 2023

Lack Of Swedish Umbrella Supplier Licence Will Be Costly, Warns Industry

The Swedish trade association for online gambling (BOS) has written a letter to the gambling regulator to express its concern about the lack of umbrella licences for suppliers just days before applications are set to be accepted.

February 17, 2023

Almost A Year Since LUNA Crash Landing, SEC Charges Terraform And CEO

A US regulator has filed charges against Terraform, the company behind the TerraUSD stablecoin and its former CEO Do Kwon, accusing them of orchestrating a $40bn securities fraud.

February 17, 2023

Week In Crypto: Stablecoin War Declared As New York Shuts Down Binance USD, While SEC Readies Lawsuit

The first shot in a regulatory crackdown on stablecoins may have been fired this week, after a New York regulator ordered Paxos to cease issuing BUSD and a federal regulator threatened that stablecoins could be securities.

February 17, 2023

Enforcement Action Galore And There Could Be More, Reveals TransUnion

The Consumer Financial Protection Bureau has three ongoing probes into credit reference agency TransUnion, as the company expresses concern about increased scrutiny from regulators.

February 17, 2023

Variable Recurring Payments And Fraud Take Centre-Stage In Key Open Banking Report

The Strategic Working Group has issued its final report on open banking in the UK, outlining short-, medium- and long-term priorities for open banking, and eventually open finance, to be a success.

February 17, 2023

UK Industry Groups Warn Of Customer 'Rejection' Of Affordability

The Betting and Gaming Council has said there is “widespread rejection” of affordability checks after the publishing of a consumer survey conducted by Racing TV.

February 17, 2023

Chile Regulator Slams TV Stations for Airing Online Gambling Ads

Chile’s casino authority has sent letters to four local TV stations demanding they withdraw online gambling advertisements from their programing.

February 17, 2023

Proxy Sports-Betting Costs Monarch Casino $400,000 In Colorado

The Colorado Limited Gaming Control Commission has approved one of the largest enforcement penalties in the almost five years since the federal ban on sports betting was overturned by the U.S. Supreme Court permitting legalization of wagering outside of Nevada.

February 17, 2023

Should U.S. Lotteries Be Regulating And Operating Online Casinos?

As the U.S. industry continues to wring its hands about the lingering hiatus in internet gaming expansion, an influential regulator says state lotteries should not be regulating and operating de facto online casinos.

February 17, 2023

Second Website Blocking Effort Fails In Germany

The German Sports Betting Association (DSWV) is urging the gambling regulator to move away from enforcement and toward strengthening legal online gambling operators, after two attempts at IP blocking failed in court.

February 17, 2023

News In Brief: February 13-February 17, 2023

William Hill's app is back online in Nevada after its Superbowl shut down and it's game over for a casino bill in Virginia.

February 16, 2023

US Banks Ask For Debit Card Rule Delay Until 2025

US financial institutions ask the Federal Reserve to postpone a rule that mandates dual routing on debit cards used for online purchases until 2025.

February 16, 2023

End Of Unregulated BNPL Nears As UK Government Publishes Draft Legislation

After a two-year wait, the UK government has published draft legislation that would bring buy-now, pay-later products under the regulation of the Financial Conduct Authority.

February 16, 2023

Canada Takes Inspiration From Europe As It Consults On PSP Regulations

The Canadian government has opened a consultation on a regulatory framework for payment service providers (PSPs), aligning with similar approaches taken in the EU and UK.

February 16, 2023

Daily Dash: EU Unveils New Round Of Sanctions

The EU has announced a tenth round of sanctions, Brazil has granted a new payments licence and Bank of Lithuania shuts down e-money firm for suspected anti-money laundering violations.

February 16, 2023

U.S. Gaming Industry Sets Revenue Record But Faces Challenges

Gambling revenues in the United States reached record levels last year and that momentum has continued into 2023, but large fines for regulatory failings, unregulated slot machines and offshore websites continue to concern the U.S. gaming industry’s top lobbyist.

February 16, 2023

UK Gambling Commission Hits Blue Star Planet With AML Enforcement

Blue Star Planet, operator of 10bet.co.uk, will pay £620,000 to the UK Gambling Commission for failings in anti-money laundering (AML) and responsible gambling policies.

February 16, 2023

DraftKings Pushes Back Against Maryland Online Casino Plan

Non-casino gaming interests in Maryland are pushing back against proposed legislation that would bring online casinos to the state, but would do so through the state’s six land-based casinos.

February 16, 2023

Kenyan Authorities Appeal Ruling That Removed Controversial Tax

Kenya’s government agency responsible for collecting taxes is challenging a recent bombshell High Court decision that forced the removal of a controversial 7.5 percent excise duty tax on gambling activities.

February 15, 2023

Different Synergies: Why FIS Is Spinning Off Worldpay

US fintech giant FIS is planning to spin off Worldpay, the merchant services business that it acquired in 2019. VIXIO speaks to industry insiders to get their outlook on the future of the payments acquirer.

February 15, 2023

US Congress Mulls Financial Data Protection Law Update

The chair of the House Financial Services Committee has promised to modernise the US financial data protection rules but consumer advocates are not convinced the new protections are strong enough.