Insights Archive

November 27, 2023

What Will The Cabinet Reshuffle Mean For UK Regulation In 2024?

Following a reshuffle, key ministerial staff at HM Treasury are now new to their roles, raising questions as to whether plans laid out in 2023 will sail seamlessly into 2024.

November 27, 2023

Daily Dash: Progress For EU’s SPAA Scheme

The European Payments Council has published the business conditions for its SEPA Payment Account Access (SPAA) scheme, while the European Banking Authority (EBA) has begun consulting on the travel rule for crypto firms.

November 27, 2023

What Next For Crypto After Binance's $4.3bn Settlement?

As 2023 draws to an end, Binance has become the latest casualty of a continued crackdown on crypto firms by US regulators. Following a record-breaking settlement, Binance has said it will fight on, but are such hopes realistic given the seriousness of the charges?

November 27, 2023

Collection, Protection Of Consumer Data Key For U.S. Gaming Industry

The U.S. gaming industry collects massive amounts of customer data for marketing free play at slot machines or for mobile sports-betting bonus offers, but researchers also want to use that data to classify those with gambling problems.

November 27, 2023

California Attorney General Investigating Daily Fantasy Sports Legality

The California Attorney General’s Office is preparing a formal opinion regarding the legality of daily fantasy sports in their entirety under state law, Vixio GamblingCompliance has learned.

November 27, 2023

India Reportedly Forms Ministerial Group To Assess Online Gaming

India’s government has scheduled a first-ever Group of Ministers (GoM) meeting for next month to formally address online gaming regulation, hinting that certainty around enforcement, taxation and self-regulation is now a cabinet priority.

November 24, 2023

Mexican Gambling Experts Rail Against Regulatory Changes

Mexican gambling lawyers and industry officials are issuing a collective sigh of frustration at a presidential decree which purports to ban slot machines and other casino games in gaming halls.

November 24, 2023

Time For A National Payments Strategy, UK Report Says

The “strongest recommendation” in a new report on the UK payments landscape is that the government develops a national payments vision and strategy.

November 24, 2023

Daily Dash: New Eurosystem Retail Payment Strategy Strives For 'Resilience'

The European Central Bank has said resilience will be a key goal for retail payments in 2024, Tempo has published new research on the growth of euro-backed stablecoins, and the Bank of Korea prepares for a CBDC "usability test".

November 24, 2023

News In Brief: November 20-November 24, 2023

Chile's online gambling bill is finally heading for the political limelight, a gambling operator is sentenced to 20 years in jail in the Philippines and Star Entertainment's watchdog in Australia has its term extended.

November 24, 2023

Official UK Problem Gambling Rate Set To Skyrocket Under New Model

The UK Gambling Commission has completed the final step in the experimental phase of its project to improve data collection on gambling participation and the prevalence of problem gambling, publishing new data for the Gambling Survey for Great Britain.

November 23, 2023

Brazil's Online Betting Bill Passes To Senate Floor

The Brazilian Senate’s economic affairs committee voted on Wednesday to approve its version of a pending sports-betting bill, after a move to remove casino games from the legislation was rebuffed by senators.

November 23, 2023

UK ICO Enforcement Threat For Gambling Firms Over Advertising Cookies

The UK’s Information Commissioner’s Office (ICO) has warned that websites face enforcement action if they do not make changes to comply with data protection laws surrounding advertising cookies, highlighting online gambling firms targeting addicts as a key concern.

November 23, 2023

Fintechs Pleased With 2024 Commitments From Canada's Government

Canada’s government has taken heed from fintech and payments players in the country, opting to expand Payments Canada’s membership and to bring forward a legislative framework for open banking.

November 23, 2023

Binance Breaks Records In $4.3bn Criminal Settlement With US Agencies

After months of speculation over a potential criminal case against Binance, the US Department of Justice has published details of charges, convictions and a historic settlement all in one day.

November 23, 2023

Daily Dash: FedNow Will Complement RTP Network, Says Fed Head

A Federal Reserve head has defended the co-existence of two instant payment rails in the US, Hong Kong and Abu Dhabi have entered a new fintech regulation partnership, and Poland’s BLIK will expand into Romania and Slovakia.

November 22, 2023

Washington Gaming Regulators Close Out 2023 With Guns, Cash And Raffles

Washington state gaming regulators have rejected efforts to expand the sale of 50/50 raffle tickets outside an arena or stadium, despite the raffles' popularity with fans attending sporting events.

November 22, 2023

German Trade Groups Urge Flexible Regulation To Fight Illegal Gambling

German gambling industry trade groups are calling for “flexible regulation” as a method of beating the black market, citing a new study they commissioned which suggests half of all playing time is spent on illegal websites.

November 22, 2023

Japan Charges Online Gambling Middle-Man With Organised Crime Offence

Japanese police are prosecuting online gambling activity with full force for the first time, re-arresting a payments executive on organised crime charges, while charging a second executive and probing five alleged collaborators and 21 customers.

November 22, 2023

Industry Group Pushes For Open Banking In Canada

“It is long past time for Canada to embrace open banking,” a key technology group has said, launching a new campaign as momentum for open banking reform continues to grow.

November 22, 2023

Daily Dash: Mastercard Gets Green Light From China

Mastercard has been approved to commence domestic card processing in China after a nearly four-year approval process, while an Irish trade association has lobbied the government for a national fintech centre.