Insights Archive

July 15, 2022

Week In Crypto: Celsius Bankruptcy, MtGox’s Hacked Bitcoin Back On The Market

After suspending all customer withdrawals for just over a month, crypto lending platform Celsius has now become the latest digital asset business to file for bankruptcy in the US.

July 15, 2022

French Antitrust Watchdog Goes For The Clouds

The Autorité de la concurrence has published a new consultation seeking how better to regulate cloud providers as it joins fellow European regulators in scrutinising US companies’ market power on the continent.

July 15, 2022

Mastercard, Visa Chiefs Probed By MPs About Interchange Fees

The Treasury Committee has written to Visa and Mastercard requesting a justification for recent increases in UK card transaction fees.

July 15, 2022

UK Court Suspends National Lottery Licence Handover Again

An automatic suspension on the handing over of the National Lottery Licence was put into effect on July 14, after a UK court granted Camelot and IGT permission to appeal.

July 15, 2022

Argentina Implements Online Gambling Deposit Tax

Argentina has enacted a new federal online gambling tax through a resolution published by the country’s national tax authority.

July 15, 2022

Swedish Supreme Court Shuts Down Multiple Operator Appeals

Sweden’s Supreme Administrative Court has rejected eight enforcement appeals by gambling companies which had received warnings and fines.

July 15, 2022

Gambling White Paper Reportedly Delayed Until New Prime Minister Named

The UK gambling white paper has been delayed until a new Prime Minister takes office, British newspapers say, and a new UK leader is not expected until September.

July 15, 2022

Ontario Operators Wrestling With Lack Of Supplier Licensing

Companies active in the Ontario online market have said that the burden placed on operators holding them responsible for the actions of their partners has created a range of challenges throughout the province’s complicated licensing process and subsequent launch.

July 15, 2022

News In Brief: July 11-July 15, 2022

An effort to ban online gambling companies advertising via sports in Chile has made legislative progress.

July 14, 2022

Oz Bank Receives First Fine For Consumer Data Right Breach

Australia’s Bank of Queensland has paid a six-figure penalty fee following an alleged breach of the country’s Consumer Data Right Rules.

July 14, 2022

Regulators Must Speed Up Crypto Work, Says Bank Of England Official

Jon Cunliffe, the Bank of England’s deputy governor, has shared his thoughts on recent crypto instability, suggesting that appropriate regulation will be able to support innovation.

July 14, 2022

VIXIO Speaks With: The Bank of Lithuania

In a wide-ranging interview with the Bank of Lithuania, Lukas Jakubonis, it’s head of financial market development, spoke to VIXIO about how the country has positioned itself as fintech friendly hub of Europe, why Brexit was an opportunity, and how it plans to deal with topical issues, such as the rise in crypto-asset use.

July 14, 2022

BNPL Firms Blame ’Current Market Conditions’ For Merger Failure

Australian buy now, pay later (BNPL) company Zip announced it has pulled out of a $330m merger agreement with US rival Sezzle, citing macroeconomic and market conditions as a reason.

July 14, 2022

New York May Look At Limited iGaming, Senator Says

As U.S. operators eagerly anticipate more states regulating online casino games, New York could initially look to limit the availability of iGaming to certain hours of the day, according to a chief proponent in the state's Senate.

July 14, 2022

FanDuel Chief Draws Line On Gambling Advertising In College Sports

FanDuel will continue to take bets on March Madness and college football, but CEO Amy Howe on Wednesday said she opposes gambling logos on the uniforms of college athletes.

July 14, 2022

Survey Shows Spain's Players Knowingly Use Illegal Platforms

Spain’s Jdigital has released a report claiming a meaningful proportion of the country’s gamblers routinely visit the black market.

July 14, 2022

UK Plans Reportedly Include 'Passive' Affordability Checks, 'Smart Stake' Limits

The most recent draft of the pivotal UK white paper includes provisions for “passive” affordability checks, “smart stake” limits and a ban on targeting of bonuses based on spending, according to a gambling trade publication.

July 14, 2022

Bulgaria Submits Gambling Bills As Political Crisis Continues

As Bulgaria plunges into a political crisis, bills have been submitted to the National Assembly that would expand the games the current state-owned lottery monopoly can offer.

July 13, 2022

UPDATE: Rogers Outage Met With Ministerial Action, Interac Adds Backup Supplier

Canada’s industry minister demands immediate action to improve resiliency after a nationwide outage at a telco company crippled payments on the Interac network, while Interac confirms plans to add a backup network provider.

July 13, 2022

US Agency Steps Up Against Abuse Of Consumer Data Sharing

The Consumer Financial Protection Bureau (CFPB) tells businesses to take purpose-based data use seriously or face criminal liability.

July 13, 2022

VASPs Must Submit Better Applications, Warns Irish Regulator

The Central Bank of Ireland has issued a new bulletin highlighting the weaknesses in virtual asset service provider (VASP) applications.