Insights Archive

February 8, 2023

McGuinness Outlines Central Themes For PSD2 Overhaul

The EU’s financial services commissioner has added further detail to what Brussels is looking to possibly change in its overhaul of the revised Payment Services Directive (PSD2).

February 8, 2023

Australian Treasury Asks For Feedback On Proposed Crypto Regulations

Australia’s Treasury has published a new consultation that seeks feedback on proposals to regulate the crypto industry using existing financial service frameworks, and based on a division of tokens, token systems and their associated functions.

February 8, 2023

US Bill To Add 37 Percent Fee On Remittances To Select Countries

New legislation filed by Republican Congressman Nathaniel Moran would place a 37 percent transaction fee on remittance transfers that are sent to five specified countries.

February 8, 2023

US Appeal Court Revives CFPB Prepaid Card Rule

PayPal’s legal battle against the Consumer Financial Protection Bureau (CFPB) has taken a new turn after an appellate court rejected the fintech’s argument that led to the partial invalidation of the agency’s prepaid card rule.

February 8, 2023

Gambling Executives Say Industry Has Improved, Image Hasn't

Top corporate compliance officials say the gambling industry does not get enough credit for improvements in responsible gambling over the past five to ten years, but are hopeful they might be able to work better with the UK’s Gambling Commission.

February 8, 2023

Game Over' For Curaçao Master Licences

“The game is over” for Curaçao’s master licence holders and their unknown number of sub-licensees, according to the country’s finance minister, who has promised seismic reforms are only months away.

February 8, 2023

Peru Pushes To Amend Online Gambling Law Amid Turmoil

Peru’s launch of online gambling is up in the air due to political instability, but preparation continues apace as operators welcome draft legislation that would improve tax and other provisions enacted last year.

February 8, 2023

Vermont Begins Debate On Sports-Betting Legislation

Responsible gaming measures are the focus for Vermont legislators so far in debate on a sports-betting bill in the state’s House of Representatives, including the minimum age of bettors and marketing of “risk-free” bets.

February 8, 2023

Sports Betting Drives Growth In South Africa, Botswana, Malawi

The gambling industries of South Africa, Botswana and Malawi all saw sports betting become a key driver of growth and tax revenue amid impacts of the coronavirus pandemic, regulators say.

February 7, 2023

UK MPs Unimpressed By PSR’s APP Fraud Plans

The Payment Systems Regulator's plans (PSR) to put Pay.UK in charge of providing authorised push payment (APP) fraud reimbursement poses a conflict of interest, MPs sitting on the UK’s financial services committee have said in a new intervention.

February 7, 2023

Texas Sports Teams, Operators Line Up Behind Sports-Betting Bills

Texas legislators on Monday (February 6) launched the latest effort to legalize sports betting in the Lone Star State through a pair of bills backed by an alliance of national sports-betting operators and more than a dozen Texas sports franchises.

February 7, 2023

Two Women Who Made Las Vegas History Team Up For Mayor's Race

After representing the gambling capital of the world in Congress for 14 years, Shelley Berkley wants to become mayor of Las Vegas next year.

February 7, 2023

UK To Crack Down On Websites Targeting Problem Gamblers

The UK’s Gambling Commission is poised to crack down on gambling companies that advertise they are “not on GAMSTOP”, the national self-exclusion service, a commission official has said.

February 7, 2023

Europe, US Industry Heads Say Casinos Face Major Challenges

Casinos in Europe and the United States are facing a host of significant challenges, according to representatives from the European Casino Association and the American Gaming Association.

February 6, 2023

US Digital Asset Firm Acquires Bank In $50m Deal

LevelField Financial, a digital asset trading platform, has agreed to acquire Illinois-based Burling Bank as part of its mission to gain regulatory approval for banking activities.

February 6, 2023

Web3 Benefits Yet To Be Proven, Says UK Regulators

While there is little known about how Web3 might evolve, UK regulators have raised concerns over privacy and competition, as well as the challenges of enforcing compliance on decentralised apps.

February 6, 2023

Impact Index January 2023

For the new year, VIXIO has revamped and rebased its monthly impact index series to take into account significant growth in our jurisdictional coverage and provide a concise overview of the global regulatory landscape.

February 6, 2023

Instant Payments, Digital Euro Set To Dominate EU Regulatory Agenda

Experts believe that the proposal to amend the SEPA regulation to promote instant payments and put in place a legislative framework for a digital euro are likely to take priority as the EU’s political institutions get to their final stretch of the current parliament.

February 6, 2023

Texas Racetracks Take Reins For Casino Expansion

The latest major proposal to legalize casino-resorts in Texas was introduced in the state’s House of Representatives on Friday after being expanded to include a central role for incumbent racetracks.

February 6, 2023

Virginia Senate Restores Sports-Betting Promotional Credits

A proposal to allow mobile sports-betting operators to resume deductions of promotional wagers in Virginia has been approved by the state's Senate, while a companion measure in the House of Delegates was put aside for consideration until a future date.

February 6, 2023

Dutch Regulator Prepares Offshore Sanctions Blitz

The Netherlands Gambling Authority (KSA) is preparing to slap more than €25m ($27m) in fines on black market operators, as its chief executive warned licence holders to get up to speed on data sharing requirements or lose their licences.