Insights Archive

July 10, 2023

Card Schemes Feature As EU Looks For Help Investigating Online Payments

The European Commission’s influential directorate-general for competition (DG COMP) has released a procurement contract for an online payments market study just days after new payments legislation was proposed.

July 10, 2023

It’s Been A Bad Year For Crypto Registration Attempts, Says UK’s FCA

New data from the UK Financial Conduct Authority (FCA) has shown that, despite the regulator’s best efforts, the success rate of attempted registrations from crypto-asset firms is still extremely low.

July 10, 2023

Gaming Regulators Urged To Adopt AI Rules Or Fall Behind Other Industries

As artificial intelligence infiltrates almost every aspect of business, it has long played a significant role in the gaming industry with low-level AI monitoring player data, enhancing responsible gambling programs and identifying fraudulent activities.

July 10, 2023

Deloitte Warns Of Disaster If India Tax Rate Targets Online Volume

A Deloitte analysis released on the eve of a major goods and services tax (GST) determination for the Indian online gaming industry has warned a maximum tax on gaming volume will trigger industry “degrowth” and cripple large and small operators.

July 10, 2023

Gambling Advertising Falls Across Europe

Spending on gambling advertising is decreasing across Northern Europe, even in markets without tough new rules on marketing.

July 7, 2023

Week In Crypto: Get Ready For Regulated Promotions Compliance, Says UK’s FCA

The UK’s financial regulator reminds crypto-asset firms that unregulated promotions are coming to an end, Denmark penalises a bank for trading in crypto and Thailand moves to ban crypto staking.

July 7, 2023

Sweden Will Fine Payments Provider For Enabling Unlicensed Gambling

The Swedish Gambling Authority has ordered Stockholm-based fintech company Zimpler to stop enabling transactions with unlicensed gambling operators or face a 25m Swedish krona (€2.1m) fine.

July 7, 2023

Daily Dash: Worldpay Sold To Private Equity

Worldpay has been sold to private equity funds managed by a US firm, Synch has been told that it needs to be approved under EU laws before it launches, and Spotify to no longer allow in-app payments via Apple’s App Store.

July 7, 2023

Dutch Regulator Lines Up New Enforcement Targets

The Netherlands Gambling Authority (KSA) is investigating four websites that promote unlicensed gambling and information on how to circumvent the national self-exclusion register (Cruks).

July 7, 2023

Maryland To Study iGaming's Opportunities, Impact On Industry

Although efforts to legalize internet gaming came up short this year, supporters were able to add a requirement to the state’s fiscal year 2024 budget law that the Maryland Lottery and Gaming Control Agency submit a detailed report on the issue to the General Assembly before next year's legislative session.

July 7, 2023

News In Brief: July 3-July 7, 2023

Debate around tribal exclusivity over sports betting in Washington state is set to continue in court.

July 6, 2023

Singapore Moves Ahead With New Digital Asset Custody, Segregation Proposals

Singapore’s central bank has published its response to consultation feedback on new proposals for digital asset custody and segregation rules, following in the footsteps of other regulators globally.

July 6, 2023

City Minister Writes To FCA Over Bank Accounts Being Shut Down

UK Treasury minister Andrew Griffith has urged the UK’s City watchdog to probe whether banks are terminating relationships with clients based solely on whether they are politically exposed persons (PEPs).

July 6, 2023

German Court Ruling On Gambling Advertising Called 'Mind Blowing'

An interim appeal court ruling on secondary provisions of the German Interstate Treaty on Gambling is “pretty mind blowing” in the way it extends restrictions on marketing beyond operators to third parties such as affiliates and broadcasters, a gambling lawyer has said.

July 6, 2023

Tribes Are Not Dancing In The Streets Yet Over Internet Gambling Victory

So far, Florida Governor Ron DeSantis seems more excited about last week’s court decision upholding his 2021 gambling compact with the Seminole Tribe than the Seminoles do.

July 6, 2023

Sweden Will Fine Payments Provider For Enabling Unlicensed Gambling

The Swedish Gambling Authority has ordered Stockholm-based fintech company Zimpler to stop enabling transactions with unlicensed gambling operators or face a 25m Swedish krona (€2.1m) fine.

July 6, 2023

UK Premier League Teams Diverging On Gambling Sponsorships

English Premier League clubs Chelsea and Brentford F.C. have taken differing approaches to backlash from fans to their team's gambling sponsorship plans, as the relationship between UK football and the industry become ever more complex.

July 6, 2023

India's Day In Court: Skill Gaming On The Precipice

India's Supreme Court is preparing to hear a seismic case on the legality of online skill gambling in India, with potentially explosive results. In this forensic explainer, VIXIO's contributing editor for Asia, Martin Williams, examines what's at stake and how it fits into the rapidly developing picture of online gambling in India.

July 6, 2023

Virginia Launches Advisory Committee To Tackle Problem Gambling

With sports betting, casinos and other forms of gaming now legal, Virginia’s problem gambling prevention coordinator wants to make sure the state enjoys the financial benefits from gaming but not at the expense of people experiencing harm.

July 5, 2023

China Opens Up To International Card Schemes Via WeChat Pay, Alipay

China’s mobile payments giants WeChat Pay and Alipay have announced new tie-ups with Visa and Mastercard that will open up the country to international card schemes for the first time.

July 5, 2023

EU Tightens Up GDPR Rules

The European Commission has proposed a new law that will streamline cooperation between data protection authorities in the EU when enforcing the General Data Protection Regulation (GDPR) in cross-border cases.