Insights Archive

January 17, 2024

Tether Described As Money Laundering Vehicle Of Choice In New UN Report

A new report from the UN Office on Drugs and Crime has named Tether as one of the “most popular” money laundering vehicles for criminals in East and Southeast Asia.

January 17, 2024

UK Regulator To Focus On VRP Expansion In 2024

2023 was non-stop for the UK payments regulator. In an exclusive interview, a senior official at the Payment Systems Regulator tells Vixio that variable recurring payments (VRPs) and open banking will be key in 2024.

January 17, 2024

Daily Dash: Google Signs MoU To Promote Global Expansion Of India's UPI

Google has committed to helping India’s UPI instant payments system expand its footprint overseas, while Spain’s Iberpay has reported strong growth in the use of instant transfers on its network.

January 17, 2024

UN Report Demands Tough Response To Online Gaming Crime In Asia

A new UN report on East and Southeast Asian gambling-linked criminal networks has warned that underground activity is set to worsen on the back of generative artificial intelligence (AI), data mining, cryptocurrencies and other advanced technology.

January 16, 2024

Latest California Campaign For Sports Betting To Delay Tribal Initiative

Another failed ballot measure on sports betting in California so soon after a historic defeat by voters of two initiatives last year would push the timeline for legalization in the Golden State back even further, according to a senior tribal gaming official.

January 16, 2024

Financial Risks Checks To Be Scrutinised In Westminster

The UK parliament must debate the future of gambling affordability after a petition demanding an end to plans for mandatory financial risk checks passed 100,000 signatures.

January 16, 2024

Google Play Heralds 'New Approach' To Real Money Games

US technology giant Google is preparing to open up support for game types and operators not covered by existing licensing, paving the way for new opportunities in Brazil, Mexico and India.

January 16, 2024

MEP Wants To Strengthen EU's Access To Cash Law

The European Parliament’s rapporteur for the Single Currency Package has released suggested amendments to the euro banknotes proposal, including increased reporting requirements for payment service providers.

January 16, 2024

Daily Dash: India-Singapore Instant Payments Linkage Branches Out To Major UPI Apps

India has announced that three of its largest UPI apps can now connect to Singapore’s PayNow, Malta has revealed that its AML fines are going unpaid, and Singapore has charged a suspect for offering unlicensed payment services.

January 15, 2024

Armenia Targeting 'Foreign' Online Operators

Armenia’s government has approved a new gambling law to establish more oversight and control over the gambling industry and enforce responsible gambling measures.

January 15, 2024

Daily Dash: SEC Charges US Fintech CEO With Insider Trading Violations

A fintech CEO has been charged with using a secret offshore account to prop up his own stock price, and new research has found that the UK is Europe’s most advanced digital economy.

January 15, 2024

TrueLayer Becomes First Participant In SPAA Scheme

TrueLayer has been officially authorised to take part in the open banking scheme, which is led by the European Payments Council.

January 15, 2024

Lawmakers Panicked By Singapore Lockdown On Remittances To China

Alarmed by a decision to suspend all non-bank and non-card remittances to China, lawmakers in Singapore are checking for further signs of turbulence in the remittance market.

January 15, 2024

Victoria Slaps Tabcorp With Cashless Betting Terminal Regime

Victoria state’s hardline gambling regulator has placed unprecedented restrictions on Tabcorp Holdings’ betting terminals in response to child gambling incidents, including staff proximity and line-of-sight criteria for cash bets.

January 15, 2024

Brazil May Open Limited Licensing Windows For Online Gambling

Brazil is set to restrict applications for online gambling licences to just two specific windows per year, rather than allowing companies to apply on an ongoing basis, according to the reported comments of a key government official.

January 12, 2024

U.S. Federal Bill Seeks To Address Problem Gambling Through Sports-Betting Tax

Two members of the U.S. Congress have introduced legislation to redirect some of the monies raised through the federal excise tax paid on each legal sports bet to fund problem gambling research and treatment.

January 12, 2024

Brazil Online Betting Law Affects Broader Gambling Expansion

Now that the final cheers have sounded over the passage of Brazil's sports-betting and online gaming law after an arduous five-year battle, industry advocates are shifting focus to what the new legislation could mean for the passage of a larger gambling expansion bill down the line.

January 12, 2024

Cannibalization Remains Key Concern For U.S. Fixed-Odds Wagering Expansion

Fixed-odds betting has often been cited as a way to modernize the U.S. horseracing industry, but one of the challenges for those in the business remains concerns over how it affects pari-mutuel wagering.

January 12, 2024

News In Brief: January 8-January 12, 2024

888 is fined in Virginia over college sports bets, New Jersey is to consider advertising limits and a Hong Kong controlled Russian casino is to be sold.

January 12, 2024

Curaçao Minister Blasts Online Gambling Bill 'Misinformation'

Curaçao’s finance minister has complained of “misinformation” about its draft online gambling bill, adding that a licensing timeline issued on December 20 has not changed.

January 12, 2024

Chair Of UK Trade Group Stepping Down In April

UK trade group the Betting and Gambling Council is looking for a new chief executive, as it prepares for a leadership reshuffle following the news that chair Brigid Simmonds is stepping down from her role in April.