Insights Archive

January 6, 2023

Week In Crypto: SBF Pleads Not Guilty, Coinbase Hit By $100m Settlement, Judge Rules In Celsius’ Favour

FTX’s former CEO pins his hopes on an acquittal, Coinbase is rapped for over-stretching its compliance muscle and a federal judge confirms that Celsius owns its customers’ crypto.

January 6, 2023

First EMI Joins Spanish Payment System

Iberpay, which oversees Spain’s national payments system, has hit a milestone after it incorporated its first electronic money institution (EMI).

January 6, 2023

Daily Dash: Saudi Arabia Launches Open Banking Lab

Saudi Arabia has launched its Open Banking Lab following last year’s framework announcement, and Denmark has recorded its first year without a bank robbery.

January 6, 2023

Mastercard Breached US Debit Card Rules, FTC Says

The US Federal Trade Commission alleges that Mastercard has been blocking the use of competing networks for online debit card payments in breach of federal regulations.

January 6, 2023

UK Lawmakers Lobby As White Paper Nowhere In Sight

As Christmas and New Year in the UK passed without a Gambling Act review update, some politicians are still publicly trying to influence the contents of the long-awaited white paper.

January 6, 2023

Finnish Government Mulls End Of Online Gambling Monopoly

After months of pressure and speculation Finnish authorities announced on Thursday they are officially considering the possibility of scrapping the country’s gambling monopoly and launching a licence-based online gambling system.

January 6, 2023

Ohio Becoming Biggest, Baddest Sheriff In U.S. Sports-Betting Regulation

Ohio did not accept its first legal sports wager until New Year’s Day, but after levying hefty fines on Thursday against three prominent operators, the Buckeye State is swiftly establishing itself as perhaps the most relentless enforcer of regulations among sports-betting states.

January 6, 2023

Fanatics Presents Sports-Betting Plan To Massachusetts Regulators

Details about the forthcoming sportsbook operation of sports retailer Fanatics have been sparse to date, but some information has finally trickled out this week through public presentations in Massachusetts.

January 6, 2023

News In Brief: January 3-January 6, 2023

Ukraine's gambling tax income is nearing pre-war levels, the country's regulator has said.

January 5, 2023

US Consumer Watchdog Wants New Rules For Credit Reference Agencies

Although improvements have been made, the Consumer Financial Protection Bureau has warned that new compliance requirements may be necessary to bring down credit reporting firms' complaints.

January 5, 2023

India Migrates Payments Fraud Reporting To New Suptech System

A new supervisory technology (suptech) system is now live in India, and has taken over as the main channel for banks and other financial institutions to report suspected payments fraud.

January 5, 2023

Turkey Completes First CBDC Transactions

The Central Bank of the Republic of Turkey has run its first test transactions on the digital lira network, promising a report on progress so far.

January 5, 2023

Massachusetts Grants Barstool Preliminary Mobile Sports-Betting License

After several weeks of expressing concerns about its Barstool Sports affiliation, Massachusetts regulators ultimately gave Penn Sports Interactive a conditional green light Wednesday to move forward with its online sports-betting platform in the state.

January 5, 2023

Albania Targets Q1 For Sports-Betting Law

Albania’s government is aiming to have a legal framework to un-ban sports betting again within the first three months of 2023.

January 5, 2023

New Year Brings New Nevada Cybersecurity Regulations

Nevada’s casinos have until the end of the year to perform a risk assessment of the vulnerability of their computer systems to cyberattacks that could potentially compromise customer data and negatively affect the state’s lucrative gaming industry.

January 5, 2023

Licence Renewals Bring German Betting Relief

Betway, Bet-at-Home and Happybet are among online gambling companies getting their German sports-betting licences refreshed for 2023, alleviating concerns that a committee of gambling regulators would block a significant number of renewals.

January 4, 2023

China To Launch State-Backed NFT Marketplace, But ’Cryptocurrency’ Still Illegal

After making cryptocurrency trading and mining illegal in 2021, China has unveiled its first "national-level compliant" exchange for the secondary trading of non-fungible tokens (NFTs).

January 4, 2023

ECB Seeks Digital Euro Scheme Rulebook Support

The European Central Bank (ECB) is inviting payments and financial services experts to express their interest in contributing to the drafting of a rulebook for a digital euro scheme.

January 4, 2023

Back To Work: A Recap Of Payment News While You Were Away

Following the festive break, VIXIO PaymentsCompliance provides a short round up of some of the key events over the past few weeks that you may have missed, including Croatia becoming the latest eurozone member, the completion of the US CBDC project, new Malaysian electronic money rules and Russia to allow transfers with "unfriendly states".

January 4, 2023

New York Panel Approves $500m Casino License Fee As Applications Open

The process of acquiring one of three new licenses to operate full-fledged casinos in or around New York City officially comes with the most expensive price tag in U.S. history, after a state site selection board approved a minimum $500m license fee.

January 4, 2023

Spain Q3 Results Suggest Adjustment To Ad Ban

The Spanish gambling regulator has published its financial report for Q3 2022, suggesting that the country’s industry has thrived, but did not address hidden reasons why the data may be misleading.