Insights Archive

April 13, 2023

New Visa+ Service Will Bring Interoperable P2P Payments To Non-Cardholders

A new service from Visa will allow non-cardholders to send and receive person-to-person (P2P) payments using a range of third-party digital wallet apps.

April 13, 2023

Hype Or Revolution? What ChatGPT Means For Payments

Since its November launch, ChatGPT has sparked a frenzy of interest with its ability to create human-like speech, while raising questions about data privacy and its implications for the labour market and wider humanity. VIXIO considers what generative AI could mean for payments.

April 13, 2023

No Payments, Please: EU Banking Lobby Pushes For eIDAS 2 Revision

European banking associations have made a call for the removal of payments from the scope of the EU’s new digital identity regulation.

April 13, 2023

Pennsylvania Legislation Imminent To Regulate Grey-Market Machines

As six casino operators remain in limbo while the Pennsylvania Supreme Court decides to grant their request for review of a 2019 ruling in favor of a skill-games manufacturer, one state senator circulated a memo saying it is time to legalize these terminals to generate tax revenue.

April 13, 2023

Nevada Regulators Grant Initial Approval For Outdated Gaming Rules To Eliminate

The Nevada Gaming Control Board has approved the removal of more than a dozen outdated regulations, as well as several improvements to existing regulations, in an effort to comply with a directive issued by Governor Joe Lombardo.

April 13, 2023

Ontario Regulator Proposes Ban On Athletes In Sports-Betting Advertising

Ontario regulators are proposing a new regulatory standard that would prohibit the use of current and former professional athletes in sportsbook advertisements.

April 13, 2023

UK Study Scrutinises Esports Gambling Sponsorships

A new UK academic study has found that half the esports teams in two of the sector’s top video games are sponsored by gambling operators, leading researchers to suggest that gambling companies could be “targeting the next generation of gamblers”.

April 13, 2023

India GST Officials Probing Parimatch, Other Online Bookmakers

A leading tax enforcement organ in India has launched a probe into India-facing online gambling operators in Cyprus, Mauritius and the Cayman Islands, leading to the arrest of one man allegedly linked to Ukrainian operator Parimatch.

April 13, 2023

Malawi Unveils Gambling Regulation Details

Malawi has opened a brief consultation on a raft of proposed gambling regulations, as it continues its push to expand its market and open up online licensing.

April 13, 2023

Brazil's Sports-Betting Tax Rate Announced At Public Hearing

Brazil’s Chamber of Deputies' Finance Committee held a public hearing on Wednesday on the regulation of sports betting and imminent presidential emergency decree, with a senior government official confirming a proposed effective tax rate of 15 percent of gross gaming revenue.

April 13, 2023

News In Brief: April 10-April 14, 2023

Ohio's lottery director has suddenly resigned and a Ugandan draft law proposes a gambling tax hike.

April 12, 2023

Microsoft In Trouble Over Sanctions Violations

The software giant has found itself in hot water with US authorities over sanctions violations following the Russia-Ukraine conflict.

April 12, 2023

‘There Will Be Control’: European Central Bank’s Lagarde Reveals CBDC Plans During Prank Call

The head of the European Central Bank (ECB) has been caught in a prank phone call from Russian comedians, who feigned interest in digital currency while pretending to be the president of Ukraine.

April 12, 2023

US Financial Consumer Agency Outlines ‘Abusive’ Acts

Based on statutory definition and a decade of precedent, the Consumer Financial Protection Bureau lays out what it considers abusive conduct in consumer financial markets.

April 12, 2023

Uzbekistan Again Plans To Legalise Sports Betting

The President of Uzbekistan has instructed ministers to submit proposals on the legalisation of sports betting by the end of 2023, to bring to an end to more than 15 years of prohibition.

April 12, 2023

Ghana Tax Hikes Incoming

Ghana’s need to address its mounting public debt has put gambling in the crosshairs, with tax hikes on the industry one hurdle away from being introduced.

April 12, 2023

Spain Sanguine On Deposit Limits

The industry remains unusually unperturbed by a planned royal decree in Spain that seeks to make online gambling deposit limits universal, instead of applying per operator, as they do now.

April 11, 2023

UPI To Offer Credit Gateway From Banks To Consumers, Says RBI Governor

The governor of the Reserve Bank of India (RBI) has said that UPI, the country’s popular instant payments system, could soon be repurposed to deliver credit directly from banks to consumers.

April 11, 2023

Will Apple Pay Later Legitimise BNPL?

Buy now, pay later (BNPL) momentum has notably slowed in 2023 as many providers struggle to deal with the rising cost of borrowing, but insiders believe that Apple’s foray into the market is a step forward for the industry which could further cement it as a mainstream payment option.

April 11, 2023

Maryland Bills To Boost Sports Betting Best Practices Sent To Governor

Three sports betting bills are now on Maryland Democratic Governor Wes Moore’s desk waiting for his signature or veto, after receiving legislative approval prior to the state legislature adjourning its 2023 session on Monday.

April 11, 2023

India's Online Rules In Force

The online gambling space in India is now under formal central government regulation following the gazetting of amendments to information technology rules on Thursday.