Insights Archive

August 18, 2022

Washington Tribes Oppose Maverick Gaming's Efforts To Void Compacts

Eric Persson, owner of Maverick Gaming, believes his business is at an economic disadvantage because tribal casinos in Washington state can offer sports betting, roulette, craps and electronic table games, while blackjack and baccarat are the only games allowed inside cardrooms.

August 18, 2022

Argentine Players Campaign To Classify Poker As A Sport

The Association of Sports Poker Players in Argentina is lobbying hard to have poker classified and regulated as a sport and not a game of chance.

August 18, 2022

Colombia Tax Reforms Leave Gambling Winnings Mostly Unchanged

Gambling’s central importance to funding the Colombian healthcare services has spared it from the sweeping reforms to occasional gains taxes proposed by new President Gustavo Petro, according to a local legal expert.

August 17, 2022

Starling, Monzo Top UK Bank Customer Surveys (Again)

Digital first banks were among the highest ranked UK financial institutions in new surveys commissioned by the Competition and Markets Authority; however, data suggests it has little impact on customer switching habits.

August 17, 2022

Fed Issues Guide On Crypto Firms Access To Pay System

The US Federal Reserve has finalised guidelines aimed at helping regional banks evaluate requests by crypto firms to connect to the central bank payment system. The guidelines are expected to provide much-needed clarity on the process, rebuked by some as a “black box”.

August 17, 2022

Bank Of England Debates Retail CBDC Business Models In Latest Minutes

What role will payment interface providers serve within a retail central bank digital currency (CBDC) ecosystem? A Bank of England forum offers some suggestions.

August 17, 2022

Lithuania Fines (Another) E-Money Firm

The Bank of Lithuania’s active approach to regulating continues, as it slaps another electronic money institution with a fine.

August 17, 2022

Despite Trump Controversy, Georgia Sports-Betting Ally Leads Election Poll

A sports-betting advocate in the Georgia Senate appears to be on his way to becoming the state’s next lieutenant governor even after being linked to efforts to overturn the legitimate results of the 2020 presidential election.

August 17, 2022

UK Data Agency Reviewing Consumer Complaint Over Sky Bet Ad Tracking

The UK Information Commissioner’s Office has said it is assessing a complaint by an anti-gambling addiction group which claims that Sky Betting & Gaming improperly uses its own and third-party advertising tracking technology to target problem gamblers.

August 17, 2022

Curaçao Online Reform Details Emerge After Industry Meeting

Curaçao’s long-delayed online gambling reforms are making progress and will focus on improving the island's reputation, creating new jobs and increasing transparency, according to finance minister Javier Silvania.

August 17, 2022

Entain Hit With Biggest UK Penalty, Plus Warning Of Licence Revocation

The UK Gambling Commission has penalised Entain Group £17m in its largest ever punishment and warned the company that “further serious breaches” could lead to licence revocation.

August 16, 2022

NatWest Wins As Payit Processing Surpasses £1bn Mark

The retail banking giant’s open banking payments tool, Payit, has hit the £1bn in processed payments milestone — two years after it launched.

August 16, 2022

UN Agency Urges Developing Countries To Limit Crypto Use

As citizens in developing countries increasingly turn to crypto for remittances, trade, savings and other use cases, the United Nations has warned that crypto can do more harm than good.

August 16, 2022

Credit Cards Will Cease Existing In Brazil, Central Bank Chief Says

Roberto Campos Neto, president of the Brazilian Central Bank, has predicted that Brazilians will soon stop using credit cards in favour of the country’s open financial system. However, VIXIO analysis suggests cards are doing just fine.

August 16, 2022

Uruguay's Online Gaming Bill Advances In Senate

A draft law that would allow casinos in Uruguay to offer their games online has been approved by the finance committee in the Chamber of Senators.

August 16, 2022

American Gaming Association Supports Digital Assets Executive Order

The American Gaming Association is urging the Biden administration to work with the gaming industry as the federal government continues its efforts to develop and implement a digital assets strategy, according to a letter submitted to the U.S. Department of the Treasury.

August 16, 2022

UK Consumers Back Restrictions, As Long As They Affect Others More

New research suggests UK customers support more restrictions on their gambling, so long as they affect other people more than themselves.

August 15, 2022

VIXIO Impact Index: July Low And Tracing Seasonal Trends

As regulators, particularly in Europe, take time off for the summer, VIXIO takes a look at the regulatory highs and lows of different jurisdictions, as well as what activity firms can expect for the rest of the year.

August 15, 2022

US Regulators Take Consumer Data Protection Into Their Own Hands

While Congress is moving slowly on legislation aimed at protecting the privacy of consumers’ data, the Federal Trade Commission and the Consumer Financial Protection Bureau are stepping up their efforts to crack down on what they call “commercial surveillance”.

August 15, 2022

Pix Fraud Rockets As Data Reporting Becomes Mandatory

Despite the built-in security features, fraud on Pix, Brazil’s popular instant payment app, is soaring, placing increasing pressure on banks to mitigate risks.

August 15, 2022

Thailand Detains Online Gaming Mogul At Beijing's Request

Thai authorities have detained Chinese Cambodian mogul She Zhijiang, a leading figure in Southeast Asia’s underground online gaming industry, after receiving a request from Beijing for extradition.