Insights Archive

May 12, 2023

Fifth Birthday Of Historic U.S. Supreme Court Decision On Sports Betting

It seems appropriate for Mother’s Day to fall this year on the same day as the fifth anniversary of the United States Supreme Court decision which gave birth to what has quickly become the world’s largest sports-betting market.

May 12, 2023

Texas Sports-Betting Bill Passes House, But Senate Approval Unlikely

Texas took a giant step toward eventually legalizing sports betting on Thursday when the state’s House of Representatives narrowly approved a constitutional resolution to allow online wagering.

May 12, 2023

Ecuador's Road To Regulation: In Conversation With Francisco Briones

VIXIO GamblingCompliance sat down with Francisco Briones, the director general of Ecuador's Internal Revenue Service, to discuss the country’s road to gambling regulation.

May 12, 2023

Swedish Ruling Could Reduce Past And Future Fines

The Supreme Administrative Court of Sweden has ruled that penalty fees issued by the Swedish Gambling Authority should be based on gross gaming revenue (GGR), not annual turnover.

May 11, 2023

Singapore Proposes Broad Reform Of Payments Regulation

The Monetary Authority of Singapore has proposed new amendments to the Payment Services Regulations 2019 in a bid to streamline the country’s rules for payment firms.

May 11, 2023

Latest EU Sanction Proposals Target Third-Country Circumvention

The European Commission marked Europe Day with a visit to Kyiv and an 11th package of sanctions against Russia.

May 11, 2023

Capital One Accuses Walmart Of Scrapping Credit Card Deal To Fly Solo

The US retail giant is seeking to end a deal with Capital One citing bad customer service on the bank’s side, but Capital One argues the real motive is linked to Walmart’s strategy to build its own financial super app.

May 11, 2023

Brazil Betting Operators Announce Advertising Code

An association of Brazil-facing operators has announced a new self-regulatory code for betting advertising, including a ban on any televised ads until after 9pm.

May 11, 2023

No Exclusivity, No Sports Betting, Tribes Warn Minnesota Lawmakers

With less than two weeks left before the Minnesota legislature adjourns its 2023 session, supporters of sports betting are running out of time to garner enough support from the state’s two racetracks and skeptical senators to get a bill through both chambers and onto the governor’s desk.

May 11, 2023

Fanatics Gaming Boss Talks Sports-Betting Strategy

One of the biggest sources of intrigue in the U.S. sports-betting industry for 2023 is the emergence of a new well-capitalized competitor in the form of sports merchandise giant Fanatics, whose top gaming executive spoke Wednesday about the company’s forthcoming launch in several states.

May 11, 2023

Malta Wants To Ban Foreign Judgments Against Gambling Firms

The Maltese government wants to prohibit foreign judgments, including those from within the European Union, from being enforced against gambling providers licensed in Malta.

May 11, 2023

U.S. iGaming Advocates Eyeing Illinois For 2023 Breakthrough

Leading U.S. operators are now looking to Illinois to get iGaming expansion on the board for 2023, as budget surpluses and lingering cannibalization concerns continue to stifle legislative efforts in other states.

May 11, 2023

News In Brief: May 8-May 12, 2023

A Denmark gambling harm research group has revealed the donations it received from the local industry and Kyrgyzstan issues its first casino licence after un-banning the sector.

May 10, 2023

PSR ’Watching’ Tech Companies Carefully

A senior official at the UK's Payment Systems Regulator (PSR) has disclosed that the organisation is keeping a close eye on bigtech’s growing role in payments, joining other regulators across the continent.

May 10, 2023

Florida Lawmakers Say No To CBDC In Near-Unanimous Vote

Lawmakers in Florida have passed a bill that seeks to ban the use of a federal or foreign central bank digital currency (CBDC) within the state, although the governor has acknowledged that the bill is largely symbolic.

May 10, 2023

Colombia Mandates Open Data In Ambitious National Development Plan

Colombia’s fintech industry is celebrating the passage of Gustavo Petro’s $250bn development plan, which includes significant advances for the country’s payments space.

May 10, 2023

Vermont Sports-Betting Vote Caps Historic Five-Year U.S. Gaming Expansion

Just days before the fifth anniversary of the landmark court decision that opened the door for a sports-betting boom in the U.S, Vermont legislators have put their state a governor’s signature away from becoming the 38th U.S. state to allow betting.

May 10, 2023

Brazil's Football Clubs Dealt Bad Hand On Match-Fixing, Revenue Shares

Brazilian football clubs are not getting what they bargained for on sports betting amidst a tense climate, as Congress prepares to launch an investigation into match-fixing allegations.

May 10, 2023

Uganda Approves Gambling Tax Hike

Uganda’s parliament has approved plans to increase the gambling tax rate from 20 to 30 percent after assuring that sports betting will remain taxed at 20 percent.

May 10, 2023

Nevada Casino Operators Seek Middle East Expansion

Some of the largest U.S. gaming companies are investing in the United Arab Emirates as part of a long-term strategy for international growth, with Wynn Resorts expecting healthy returns from the planned $3.9bn integrated resort it will manage in the country.

May 9, 2023

EU Court Sets Low Bar For ’Emotional Damages’ Under GDPR After Austrian Scandal

The Court of Justice of the European Union has issued a landmark ruling refuting that emotional damages under the General Data Protection Regulation (GDPR) must reach a certain level of seriousness to get compensation for a data privacy breach.