Insights Archive

February 8, 2022

MEPs Cautiously Optimistic About EU Digital Identity Proposal

Members of the European Parliament (MEPs) have welcomed the EU’s proposal for electronic identification (eID), although concerns have been raised about the risks for data privacy and interoperability.

February 8, 2022

Ireland’s Payments Boom: Brexit Pushes Players To Dublin

Despite a relatively small payments market, Ireland has been an important beneficiary of the UK’s withdrawal from the EU, as companies set up shop looking to use the destination to passport into the single market.

February 8, 2022

PSD3 Watch: MEP Raises Prospect Of New Fraud Prevention Measures

A Dutch member of the European Parliament (MEP) has probed the European Commission on the possibility of introducing delay and chargeback options for SEPA transfers to new IBAN accounts.

February 8, 2022

Entain Acquires Sports Interaction Ahead Of Ontario Opening

Entain has acquired the parent company of Avid Gaming and its online betting and gaming brand Sports Interaction for approximately $235m (C$300m) as it prepares for the transition to a regulated market in Canada's largest province.

February 8, 2022

Hungary Ending Online Monopoly Without Caveats Unlikely, Says Lawyer

Legal changes proposed by the Hungarian government would allow private operators to apply for an online licence, ending the current monopoly, but at least one legal expert does not expect animosity between the government and offshore companies to conclude any time soon.

February 8, 2022

Brazil Gambling Vote Imminent In Landmark Year For Lotteries, Sports Betting

The lower house of Brazil’s Congress is preparing to vote this month on a plan to open one of the world’s largest untapped gambling markets to casinos, bingo machines and online gaming.

February 7, 2022

Gone, But Not Forgotten - Diem’s Payments Legacy

After the Diem Association announced that its project was coming to a close, VIXIO spoke with experts to assess just how impactful the stablecoin project ended up being.

February 7, 2022

Project Hamilton Moves To Next Stage

The Federal Reserve Bank of Boston has published a white paper following its initial technological research into a central bank digital currency.

February 7, 2022

First Year Into AMLA - What Has Been Done And What To Expect?

One year after the U.S. adopted the historic Anti-Money Laundering Act 2020 (AMLA), experts discuss how the Financial Crimes Enforcement Network (FinCEN) is dealing with its tasks to implement the act and what lies ahead.

February 7, 2022

Insane' New York Market Shatters Records In First Month Of Mobile Betting

Despite mobile sportsbooks only being in operation for a portion of the month, New York broke U.S. records for monthly sports-betting handle and gross revenue in January.

February 7, 2022

Japan's Online Casino Boom: How Long Can It Last?

Online gambling in Japan has enjoyed some of the most dramatic growth of any gambling sector anywhere in the world, but its era of operating in shadows with affiliate assistance and amid tenuous law enforcement may be nearing a turning point.

February 7, 2022

Flutter Confirms Desire To Run UK National Lottery

The UK's biggest bookmaker has said it wants the National Lottery back under the control of a domestic operator in a late bid to win the licence.

February 4, 2022

MPs Pile On Pressure For Government To Act On Fraud

A group of UK parliamentarians have called on the government to extend the powers of the Payment Systems Regulator and act faster on fraudsters and scammers.

February 4, 2022

Nexi Goes Global! European Payments Firm In Line To Develop UAE Instant Payments

SIA, part of Nexi Group, G42 and Accenture have been selected by the Central Bank of the United Arab Emirates to build and operate their instant payments platform over the next five years.

February 4, 2022

HMRC DeFi Manual Contradicts Government Approach To Crypto, Trade Body Says

The UK's HM Revenue & Customs has updated its manual regarding the tax treatment of crypto-assets as used for lending and staking with decentralised finance (DeFi) platforms, in a move that some argue goes contrary to the existing government approach.

February 4, 2022

Week In Brief - February 4, 2022

A short roundup of some of the week's payments news you may have missed. This week we look at falling share prices at PayPal, new AML reports in Poland and Croatia, proposals to level up Thailand's financial sector, and China's three-year crackdown on money laundering.

February 4, 2022

UK Researchers Pledge To Uncover Gambling Harm Impact

Britain's oldest independent economic research institute is undertaking a project to measure the costs of gambling harm ahead of the government’s Gambling Act Review white paper.

February 4, 2022

Western Australia Probe Findings Could Imperil Ex-Crown Boss

A barrister representing former top Crown Resorts executive Barry Felstead has objected to provisional findings of Western Australia state’s probe into Crown Perth that could see him prosecuted and even jailed.

February 4, 2022

Belgium Set For Slots Crackdown But No Cut Yet In Age Restrictions

Belgian politicians are set to agree a crackdown on slot machines and the use of bonuses by operators to entice new gamblers, but wider reform of advertising rules and age limits are a long way off.

February 4, 2022

Penn Targeting Profitability, Ontario Over 'Irrational' U.S. Marketing Battle

Penn National Gaming expects to see profitability from its U.S. interactive division as early as this coming football season, CEO Jay Snowden said during a quarterly earnings call on Thursday.

February 4, 2022

News In Brief: January 31-February 4, 2022

Greece's gambling regulator has launched a whistle-blowing service to report unlicensed websites.