Insights Archive

December 22, 2022

Ukrainian Parliament Preps Blocklist With New Gambling Bills

Ukraine is preparing a blocklist of unlicensed operators and new rules to make it harder for Russian-backed operators to slip into the market, as it continues to root out companies linked to the nation invading its territory.

December 21, 2022

Nine UK Banks Unite To Launch New Non-Profit Access To Cash Company

Led by UK Finance, a financial services trade association, nine banks have come together to launch Cash Access UK, a new non-profit company focused on high-street access to cash.

December 21, 2022

2022 Wrap-Up: Key Payment Regulatory Developments in the EU and the UK

This overview provides details of the key 2022 regulatory developments across the EU and the UK within the financial sector, and those which will continue into 2023. The main regulatory developments have involved areas such as consumer credit (buy now, pay later - BNPL), consumer protection, anti-money laundering (AML), crypto-assets and the sanctions regimes imposed on Russia as a consequence of the conflict in Ukraine.

December 21, 2022

VIXIO Impact Index: November Fall Bucks Previous Seasonal Rises

As Regulatory Impact unexpectedly fell in the month of November, VIXIO discusses preparation of the UK’s new Consumer Duty, something that will have significant impact on payments, and considers reasons behind the falling regulatory activity in Canada.

December 21, 2022

TSB Apologises After £48.6m Fine For Operational Resilience Failures

The chief executive of TSB Bank has apologised to customers after being hit by a £48.6m fine in the UK for operational risk management and resilience failures.

December 21, 2022

Canadian Financial Firms Push For Wider Access To Payments Systems

A group of financial organisations has urged the Canadian government to expand access to the central payment infrastructure in next year’s budget bill.

December 21, 2022

Penn Entertainment Boss Defends Barstool Brand Before Massachusetts Regulators

Penn Entertainment CEO Jay Snowden mounted a vigorous defense of the company's Barstool Sportsbook betting brand before the Massachusetts Gaming Commission on Tuesday and heavily criticized a New York Times series that took aim at Barstool founder Dave Portnoy.

December 21, 2022

Battle Over Austrian Gambling Refunds Moves To Malta

Litigation finance companies that have successfully sued online gambling companies for player refunds in Austria are now pressing claims in Malta, where many of the operators are headquartered.

December 21, 2022

Indiana, New York Favorites For Internet Gaming Legalization In 2023

Indiana lawmakers will have another chance to consider legislation to regulate internet gaming when they return to the state capitol next month for their 2023 legislative session, according to Republican Representative Ethan Manning.

December 21, 2022

Swedish Government Submits Long-Awaited Safer Market Bill

Sweden’s government has submitted its long-awaited bill on measures to bolster payment blocking and further combat match-fixing.

December 20, 2022

Consortium Chosen To Launch Payments Pilot Using EU Digital ID Wallet

A multi-country consortium has been chosen to deliver a pan-European cross-border payments pilot, in line with the aims of the EU Digital Identity Wallet programme.

December 20, 2022

Switzerland Gives Industry Until Mid-2024 To Build Open Finance

Switzerland’s industry-led open finance approach is gaining ground, so policymakers have decided not to intervene until June 2024.

December 20, 2022

Under A Cloud: US Warns Of Third-Party IT Concentration Risk

US regulators has warned that banks rely too heavily on a small number of cloud service providers in their new financial stability report, which also cautions against risks related to buy now, pay later (BNPL) and digital assets.

December 20, 2022

Controversial Belgian Ad Ban Given Green Light

Belgium’s Ministry of Justice has said the draft royal decree to severely restrict gambling ads has been finalised by the government.

December 20, 2022

Massachusetts Gives BetMGM Temporary OK For Mobile Sports Betting License

Massachusetts regulators approved a temporary retail license for the MGM Springfield property and ultimately found BetMGM suitable for a temporary online license on Monday (December 19), following a lengthy discussion and questions regarding the joint venture’s history of regulatory sanctions.

December 20, 2022

Nevada Considers Temporary Supplier Registration To Remain Competitive

When members of the Nevada legislature begin their 120-day session in early February 2023, among the bills they will consider is a proposal to change the way gaming manufacturers and system providers are licensed.

December 20, 2022

Uruguay's Chamber Of Deputies Pushes Online Gambling Bill To New Year

Uruguay’s online gambling bill, which was first introduced in November 2021, has been pushed back for discussion until March 2023.

December 19, 2022

ING Bank Pays Up A$53,280 For Alleged Breach Of CDR Rules In Australia

In only the second case of its kind, ING Bank has agreed to pay a penalty fee for an alleged breach of Australia’s open banking rules, known as the Consumer Data Right (CDR).

December 19, 2022

UK Financial Services Reform Huge Opportunity But Also Risk, Says New FCA Chair

Ashley Alder, the incoming chair of the Financial Conduct Authority (FCA), has said he sees the UK’s post-Brexit financial reforms as a great opportunity but warns against diverging significantly from EU rules.

December 19, 2022

PSR Sets Out First Thoughts On Cross-Border Interchange

As part of its market review on cross-border interchange fees, the Payment Systems Regulator (PSR) has published a new paper outlining what it sees as the potential impacts of these fees on UK businesses and consumers.

December 19, 2022

Missouri Senator Estimates VLTs Will Generate $250m In Tax Revenue

As Missouri gamblers continue to cross into Kansas to wager on sporting events, at least one veteran Republican state senator believes a deal can be reached on legalizing sports betting so long as video lottery terminals are part of any final bill.