Insights Archive

January 20, 2022

BetMGM CEO Projects Stretches Of Profitability In 2023

BetMGM CEO Adam Greenblatt has said that although the business will remain subject to short-term volatility, he does expect the U.S. online gambling operator to have profitable months as early as 2023.

January 20, 2022

Norwegian Government Defends Research Project Walkout

Norway’s culture minister has defended state-run operator Norsk Tipping’s decision not to participate in a Nordic research project that maps changes to playing patterns during the pandemic.

January 19, 2022

Apple Swipes Left On Dutch Dating App Ruling

In the first-ever concession of its kind, Apple has announced that it will allow third-party payment options for in-app purchases for dating apps in the Netherlands.

January 19, 2022

EU Payment Fraud Data Not Showing Full Story

The latest report from the European Banking Authority reveals some unusual fraud levels across the EU, with incomplete and sometimes "implausible" data meaning it is difficult to get a full picture on the impact of the revised Payment Services Directive (PSD2) in reducing fraud.

January 19, 2022

Euro One-Leg Out Credit Transfer Rules Update Takes First Step

The European Payments Council has launched a consultation on its proposed optional Euro One-Leg Out Credit Transfer Arrangement Rulebook, which sets rules for credit transfers between a eurozone party and a non-eurozone one.

January 19, 2022

UK Prepaid Card Cartel Fined £33m, But Is It The End Of The Story?

The UK Payment Systems Regulator has imposed a £33m fine on five companies, including Mastercard, for operating a market-sharing cartel for prepaid cards. However, the regulator’s decision may just be the starting point of potential penalties faced by these companies for their wrongdoing.

January 19, 2022

New York Governor Calls For Issuing Three Remaining Casino Licenses In 2022

New York Governor Kathy Hochul has called for the accelerated authorization of three new casino licenses that could ultimately lead to a full casino-resort in New York City.

January 19, 2022

Signature Drive Begins For California Tribal Online Sports-Betting Initiative

A coalition of California Indian tribes will have six months to collect enough signatures to place their amended online sports-betting initiative on this year’s general election ballot after receiving approval from the secretary of state’s office.

January 19, 2022

European Blocklists Continue Rapid Growth As Spotlight Shines On Curaçao

The number of blocklisted online gambling domains across 18 reporting European countries, as monitored by VIXIO GamblingCompliance, increased by 55 percent to more than 150,000 in 2021.

January 19, 2022

UK University Students Borrow Money To Gamble, Study Says

More than a third of UK university students are using borrowed money to gamble, from payday loans to their student loan or overdrafts, according to a new survey.

January 18, 2022

EU And UK To Further Diverge In Key Payment Regulations In 2022

For the UK and the EU, the issues surrounding strong customer authentication, and its parent regulation, the revised Payment Services Directive (PSD2), are set to continue causing even more potential headaches for the payments world.

January 18, 2022

UPDATE: Visa Approved! Amazon Pulls Back From Ban

Online shopping giant Amazon has U-turned on its decision to block UK customers from using Visa credit cards to make purchases.

January 18, 2022

Pan-African Cross-Border Payment Network Launched

The Pan-African Payment and Settlement System, which enables instant cross-border payments in local currencies between African markets, launched last Thursday (January 13).

January 18, 2022

PSR Lays Out Five-Year Strategy

In its new five-year strategy, the Payment Systems Regulator (PSR) sets out its vision of how the UK payments landscape should look and the path needed to get there.

January 18, 2022

New Jersey Sees Record Sports Betting In 2021, But New York Threat Looms

New Jersey continued its impressive sports-betting growth in 2021, more than doubling the revenue of the previous year, but as the calendar turns, the state’s sports-betting market now faces the biggest threat yet to its meteoric rise.

January 18, 2022

Macau Law Grips Casino Finances, Caps Tables, Boosts CSR

Draft amendments to Macau’s casino law confirm no increase in taxes, but impose heavy burdens on junkets and inventory caps on tables and slots, while further tightening regulation and codifying corporate social responsibility (CSR) targets.

January 18, 2022

Svenska Spel Lowers Some Players' Limits Over Finances, Behaviour

Swedish state-owned operator Svenska Spel has set lower deposit limits for a “small number” of its customers based on their financial means and behaviour.

January 17, 2022

MPs To Investigate Post-Brexit Card Fees, PSR Governance

The influential Treasury Select Committee has committed to investigating UK card fee rises for businesses, following correspondence with the Payment Systems Regulator (PSR).

January 17, 2022

EU’s Retail Payments Strategy To Focus on Instant Payments This Year, Experts Suggest

The EU’s push for instant payments looks set to continue dominating Brussels’ payments agenda this year, but will more concrete policies be unveiled?

January 17, 2022

Swiss Test Integrates Wholesale CBDC Into Core Banking Systems

As part of Project Helvetia, the Swiss National Bank and five commercial banks have integrated a wholesale central bank digital currency (CBDC) in their existing back-office systems and processes.

January 17, 2022

U.S. Regulators To Step Up Their Crypto Enforcement In 2022

Congress is unlikely to legislate crypto in the U.S., but there is likely to be increased enforcement activities from regulators that was not expected, experts tell VIXIO.