Insights Archive

February 11, 2022

A Week Is A Long Time In Politics For U.S. Digital Currencies

From crypto tax easing to greater regulatory oversight, U.S lawmakers have been abuzz with new initiatives concerning digital currencies. VIXIO reviews a (a)typical seven-day period, showing that widespread discussions on various aspects of digital assets are firmly on the table on Capitol Hill.

February 11, 2022

Week In Brief - February 11, 2022

A short roundup of some of the week's payments news you may have missed. This week we look at the latest UK announcement on the implementation of Confirmation of Payee, Chinese AML fines and the completion of the first cross-chain pilot transaction between UK and EU participants. We also provide a short analysis of the latest current account switching stats in the UK.

February 11, 2022

UK Regulator Denies Selecting National Lottery Favourite

The Gambling Commission has denied media reports that it has already recommended to the UK government that operator Camelot should be awarded the ongoing national lottery tender.

February 11, 2022

New York Attorney General Warns Of Deceptive Sports-Betting Advertising

New York’s attorney general has issued an alert to players warning of “deceptive online sports-betting companies” offering misleading promotions in advance of Sunday’s Super Bowl between the Los Angeles Rams and Cincinnati Bengals.

February 11, 2022

Lawmakers Click Their Heels But Can't Legalize Sports Betting In Kansas

As lawmakers face an early May recess of the 2022 Kansas legislature session, committees in both the House and Senate have yet to seriously consider whether to move forward with a previous bill or any new proposals to legalize sports betting in the state.

February 11, 2022

News In Brief: February 7-February 11, 2022

The Dutch advertising regulator has said an online slots ad showing multiple winners is not misleading consumers.

February 10, 2022

Incoming! McGuinness Confirms Instant Payment Regulation

In the second half of 2022, the European Commission will set out its plans for instant payments legislation, the commission’s financial services chief has announced.

February 10, 2022

U.S. Seizes Largest Ever Bitcoin Asset, Here Is How

The U.S. Department of Justice has seized a record 94,000 Bitcoin, worth $3.6bn, refuting criticism that criminals can hide behind cryptocurrencies.

February 10, 2022

Belgian Banking Watchdog Draws Attention To Payments And E-Money Governance

The National Bank of Belgium has written to e-money and payment institutions in the country telling them to sort out management shortcomings before the end of the year.

February 10, 2022

You Can Now Send £1m On Faster Payments

UK consumers and businesses can now use Faster Payments to make retail purchases of up to £1m, which could mean significant savings in large transactions such as home purchases.

February 10, 2022

Australia's Sportsbet Fined Millions For Spamming Customers

Flutter Entertainment-owned Australian corporate bookmaker Sportsbet has been walloped with a A$3.7m ($2.7m) fine and compensation combo, and will undergo a governance review after spamming customers for more than a year.

February 10, 2022

Will U.S. Leagues Face Sports-Betting Crisis After Super Bowl?

The Super Bowl on Sunday will cap a banner season for the National Football League and the U.S. sports-betting industry, but a lawsuit alleging offers of payments to fix games looms as a threat to professional sports leagues and their gambling partners whom they once shunned.

February 10, 2022

Brexit Means ICE Should Move To EU, Top Exhibitor Says

One of the biggest exhibitors at ICE London is calling for the gambling conference to be moved to continental Europe “as soon as possible” due to Brexit complications, as ICE organisers themselves ponder the future.

February 10, 2022

Irish Politician Says Study Reflects Need For Regulator

The number of gamblers in Ireland has fallen, according to a health survey, but high rates among the vulnerable have prompted fresh calls for a dedicated regulator.

February 10, 2022

California Tribes Pledge $100m To Defeat Online Sports-Betting Ballot Initiative

A coalition of California gaming tribes has formed a committee to campaign against a ballot initiative to authorize online sports betting proposed by FanDuel, DraftKings and other major U.S. operators, setting up a $200m battle royale over the referendum.

February 9, 2022

Payments Dominated Fintech Investment In 2021, KPMG Says

2021 was a record year of global investment in the payments sector, driven by the continued acceleration of digital trends, increasing adoption and use of digital and contactless payments, and growing demand for alternative payments models like buy now, pay later.

February 9, 2022

Just More Boring News? Experts Split On Apple’s New Venture Into Payment Terminals

Apple has announced that it is launching a payment terminal product, but how significant is this development? VIXIO spoke with payments industry experts to discuss the implications of the latest product diversification from the technology giant.

February 9, 2022

Meta Threatens To Pull Out Of Europe Amid Unresolved Privacy Dilemma

Europeans could be cut off from Facebook and Instagram as enforcement of data privacy rights heat up in Europe and the regulatory framework guiding transatlantic data flow is still in the making.

February 9, 2022

Singapore Sets Out Fraud Payments Framework

Banks in Singapore have implemented substantial measures to bolster the security of digital banking that was announced in January, the Monetary Authority of Singapore (MAS) has confirmed.

February 9, 2022

Indian Cabinet Exploring Proposal To Regulate Fantasy Sports

The Indian Cabinet has said for the first time that multiple ministries are considering a discussion paper on fantasy sports regulation produced by the government’s top think tank.

February 9, 2022

Seneca Nation To Resume Gaming Payments To New York Amid Federal Probe

Even though federal regulators continue to investigate whether the tribe's Indian gaming compact is legal, the Seneca Nation plans to pay the state of New York hundreds of millions of dollars to settle its dispute with the state.