Insights Archive

June 15, 2023

UK Political Pressure Group Launches White Paper Inquiry

An influential group of Westminster politicians say they will hold the UK government to account and ensure promised reforms are implemented “as quickly as possible”.

June 15, 2023

Chile's President Proposes Amendments To Online Gambling Bill

Chile President Gabriel Boric and his minister of finance have proposed a series of amendments to an online gambling bill advancing through the Chilean Congress, a sign that the President will not present an obstacle to legislation that was presented before he took office.

June 14, 2023

Crypto Winter Wanes But U.S. Casinos Still Leery Of Alternative Currency

After a disastrous decline in 2022, the cryptocurrency market is rebounding this year, but U.S. casinos and gaming operators remain hesitant to embrace crypto and other alternative payments until federal regulations are adopted.

June 14, 2023

Australia Looks To Protect Shrinking Cash Sector Through New Merger

The Australian Competition and Consumer Commission has granted authorisation for the proposed merger of Armaguard and Prosegur, the country’s two largest cash-in-transit providers.

June 14, 2023

US Must Not ’Micromanage’ Open Banking, CFPB Chief Says

As the US is heading towards creating an open banking framework, regulators have no intention of "micromanaging" open banking, Rohit Chopra wrote ahead of an expected heated congressional hearing.

June 14, 2023

VIXIO Chats Latest Data Standard With PCI SSC

VIXIO has spoken with the Payment Card Industry Security Standards Council (PCI SSC) about the key features of the fourth iteration of its data standard, which comes into effect next year.

June 14, 2023

Rhode Island Poised To Legalize iGaming

The Rhode Island House Finance Committee approved, without debate, an amended bill on Tuesday to legalize internet gaming, sending it to the House floor for a potential final vote.

June 14, 2023

Crypto Winter Wanes But U.S. Casinos Still Leery Of Alternative Currency

June 14, 2023

Kenya Gambling Tax Collection Up 30 Percent

The Kenya Revenue Authority said it has collected a total of KSH8.7bn (€57.68m) from gambling firms over the past six months, a 30 percent increase over the same period last year.

June 14, 2023

ASA Gives Green Light To Bet365 Tweet Featuring Boxer

The UK Advertising Standards Authority (ASA) has determined that a promoted tweet for bet365, which contained an image of boxer Chris Eubank Jr, did not have particular appeal to children.

June 13, 2023

Tough But Necessary? UK Crypto Firms Brace For New Promotion Rules

The UK’s Financial Conduct Authority has said that its new financial promotion rules for crypto-assets will give people the time and appropriate risk warnings to make an informed choice, while the crypto industry is worried about new barriers.

June 13, 2023

No, It’s Not Time To Regulate BNPL, Says Singapore’s MAS

The Monetary Authority of Singapore (MAS) has published a response to an op-ed article that calls for buy now, pay later (BNPL) products to be regulated as credit.

June 13, 2023

New Zealand Privacy Watchdog Wants Firms To Add Multi-Factor Authentication

The Office of the Privacy Commissioner in New Zealand has said businesses must ensure they take reasonable cybersecurity steps to protect personal data, including using multi-factor authentication.

June 13, 2023

Gaming REITs Thrive Despite High Interest Rate Environment, Analysts Say

Despite higher interest rates, the opportunities for real-estate investment trusts (REITs) to acquire casino properties remains healthy within the U.S. gaming industry, albeit at a more moderate deal volume, according to gaming industry analysts.

June 13, 2023

Philippines Business Zone Blocks New Online Gambling Operations

Fallout from the police raid on a Clark Freeport scam syndicate that freed more than 1,100 enslaved workers has continued with a freeze on new online gambling operators in the zone and the formation of a security advisory body.

June 13, 2023

Lithuanian Regulator Fines Operator Three Times In One Week

The Lithuanian Gaming Control Authority has handed Top Sport UAB three separate fines totalling €55,000 in the space of just four days.

June 12, 2023

Australian Fintechs Welcome ’Fair Access’ Rights Under New Payments Licensing Rules

In what some are calling the "biggest overhaul" of Australia’s payment system in 35 years, fintechs are looking forward to "fair and equitable" access rights based on new licensing rules.

June 12, 2023

Money 20/20: Open Banking Is ’Overhyped’ And ’Disappointing’

Industry and regulators alike seem to have accepted that open banking may not have been the success story everyone was hoping for — but it is an "ultramarathon" not a "sprint".

June 12, 2023

Visa, Mastercard Secure Initial Win In UK Merchant Class Action

The UK Competition Appeal Tribunal has put on hold a class action lawsuit accusing Visa and Mastercard of imposing excessive interchange fees for inter-regional and commercial card transactions.

June 12, 2023

New York Proposal To Expand Daily Fantasy Sports Dies In Committee

As the 2023 session ended on Saturday, the New York legislature declined to consider a measure to expand the number of approved daily fantasy sports operators in the state in advance of formal regulations to govern fantasy sports licensing.

June 12, 2023

Ireland Should Increase Betting Duty To Fund More Sports, Says FAI

The Football Association of Ireland (FAI) has renewed its plea for the government to increase the betting duty for land-based and online bookmakers from 2 percent to 3 percent.