Insights Archive

August 8, 2023

TransferGo Fined By Lithuanian Authorities Over Money Laundering Failings

According to the Bank of Lithuania, the UK-headquartered e-money institution TransferGo has “deficiencies” and an “insufficient” compliance with anti-money laundering controls.

August 8, 2023

Problem Gambling Expert Urges More Education In U.S. Courts On Addiction

The demand for expert witnesses in U.S. gambling cases is rising as the industry expands, but the lack of knowledge about addiction among judges and attorneys poses a risk for gamblers who end up in court.

August 8, 2023

Romanian AML Rules Behind Gambling Banking Difficulties

Operators in Romania struggling to get much-needed bank guarantees could be missing out due to the risks associated with gambling and the additional work required from credit institutions that come with it, a legal expert has warned.

August 8, 2023

Operators Fear Over Taxation Will Be a Limit to Entry in Brazil, Says IBJR President

With the path forward for sports-betting regulation in Brazil becoming increasingly uncertain, some operators are concerned about the viability of the Brazilian market when it finally does open, if the current tax rates hold.

August 8, 2023

UK Report Makes Two Key Suggestions To Reduce Gambling Harm

New UK research suggests authorities should apply pressure to operators by sharing information on their responsible gambling credentials with consumers, and create stronger regulatory incentives to encourage best practices.

August 7, 2023

Data Dive: Singapore Payments Licences Benchmarked

Research from VIXIO has shown that the new licensing regime for payment service providers (PSPs) in Singapore has not approved the large majority of payments applicants.

August 7, 2023

EU Strengthens Belarusian Sanctions

Financial institutions operating in the EU will need to update their sanctions compliance again, as the Council of the European Union approves wide-ranging sanctions against Russian ally Belarus.

August 7, 2023

SEC Ends Debit Card Interchange Probe Into PayPal

The US Securities and Exchange Commission (SEC) has closed an investigation into interchange fees charged on PayPal debit cards.

August 7, 2023

NSW To Probe Regulator Over Flagged Slots Inspections

Internal documents from the New South Wales (NSW) state gambling regulator have prompted NSW Premier Chris Minns to probe the authority’s “hugely concerning” communications with pubs and clubs over slot machine compliance.

August 7, 2023

Brazil’s Sports-Betting Lobbying Battle May Accelerate Broader Gambling Expansion

Sports betting still faces an uncertain path to implementation in Brazil, with one plausible scenario involving the combination of legal amendments with separate legislation to regulate casinos, video-bingo and all forms of online gaming.

August 7, 2023

Curaçao Pledges Cooperation On Australian Complaints, Documents Say

Australia’s media regulator has received a pledge of cooperation, in response to pressure on the Curaçao government to crack down on online gambling operators it says are illegally targeting the country.

August 6, 2023

DraftKings Optimistic About Opportunities In Kentucky, Florida, Nevada

With the company also exploring opportunities in Nevada, the sooner-than-expected launch of legal sports betting in Kentucky has not prevented DraftKings from reporting a significant increase in profitability this upcoming football season.

August 6, 2023

Ohio Operators Improving Compliance With Sports-Betting Rules

After a rocky start that included over $1m in fines before the state’s sports-betting program was a week old, Ohio’s top gaming regulator says compliance with the state’s advertising rules has improved.

August 4, 2023

Impact Index July 2023

VIXIO’s impact index dropped 36 points in July, below the 2022 baseline and 5 points lower than July 2022.

August 4, 2023

The Clearing House Expands Request For Payment In US

The Clearing House has announced that it is expanding its "request for pay" option on its real-time payments network, just weeks after the rival FedNow system launched.

August 4, 2023

Daily Dash: UK Consults On Scam Call Crackdown

The UK has launched a consultation on its plans to ban cold calling for financial services, and Ant Group has unveiled a new agreement with Standard Chartered Bank.

August 4, 2023

India GST Council Backtracks On Taxing Online Gaming Turnover

India’s GST Council has partially walked back its hardline decision on online gaming taxes, clarifying that a 28 percent goods and service tax shall apply to initial deposits and not to every bet.

August 4, 2023

Chile's Congress Considers Blackout For Grey Market Operators

The Economy Commission in Chile’s Chamber of Deputies is reconsidering two amendments that would severely limit the ability of grey market operators to obtain licences under a proposed licensing system.

August 4, 2023

Finland On Guard For Illegal Gambling Advertising At Rally Race

Finland’s National Police Board has increased its supervision of an ongoing sporting event in the country over fears gambling companies outside of the monopoly system will take the opportunity to promote themselves.

August 4, 2023

News In Brief: July 31-August 4, 2023

The Australian state of Victoria has banned betting on under-19 sporting events and any players aged 18 or younger.

August 3, 2023

U.S. Gaming Companies In The Black On Online Gambling

The latest quarterly earnings from MGM Resorts International, Caesars Entertainment and Bally’s Corp. have underlined the sharp focus of casino operators on reaching profitability in digital operations, as well as the importance of professional sports in Las Vegas.