Insights Archive

May 8, 2024

Brazil Bettors To Pay Taxes On Every Winning Wager

Brazil's tax authority has published a new rule to clarify how a winnings tax for sports betting and online gaming will be applied, and operators are unhappy with the outcome.

May 8, 2024

U.S. Sports Leagues Keep Focus On Prop Bets

NBA commissioner Adam Silver and his Major League Baseball counterpart have said that leagues are closely monitoring the types of available proposition bets across the U.S. market in the wake of recent integrity concerns.

May 8, 2024

Paraguay: From Corruption Scandal To The End Of A Monopoly

In 2022, multiple employees of Paraguay’s gambling regulatory body were under investigation for corruption. Fast forward 18 months, and with radical changes underway, has Paraguay’s gaming industry recovered its reputation?

May 8, 2024

Australia Seeks Feedback On 'Streamlined' AML Framework

Proposals for an updated anti-money laundering (AML) framework are taking shape in Australia, as regulators look to avert a potential grey-listing by the Financial Action Task Force (FATF).

May 8, 2024

FCA 'Name And Shame' Plans Concern UK Financial Sector

Plans by the UK financial regulator to "name and shame" companies under investigation could cause reputational damage and a loss of business for companies that are later found to be innocent, people in the industry have warned.

May 8, 2024

Daily Dash: Hong Kong Launches New Wholesale CBDC Project

Hong Kong has enlisted the support of Ant Financial, Microsoft and HSBC in a new wholesale CBDC forum, while Argentina has published its first API that allows businesses to automate access to central bank information.

May 8, 2024

Maltese Law Firm Pitches Licensing To Taiwan's Online Gaming Sector

A leading Maltese law firm has pitched gambling licensing, fintech investment and immigration options to Taiwanese online gambling companies amid a troubled legal environment for the Taiwanese B2B sector.

May 7, 2024

U.S. Operators Seek To Expand DC's Sports-Betting Market

A D.C. lawmaker’s effort to increase tax revenue from the city’s struggling sports-betting operation by opening mobile wagering to multiple operators has garnered wide-spread support from professional sports franchises and gaming operators.

May 7, 2024

Daily Dash: Fed Consults On Fedwire Hours

The US Federal Reserve has begun a consultation on extending Fedwire service hours, while the EU’s banking watchdog begins accepting the names of people linked to financial crime.

May 7, 2024

Nium Notches Up Licences In Over 40 Countries, As APAC Revenue Doubles

Cross-border payments firm Nium is seeing rapid growth in Asia-Pacific, a trend that its regional manager puts down to being "hyper licensed" and to working closely with local regulators.

May 7, 2024

Argentina's QR Code For Credit Cards Still Not Ready, Industry Says

Argentina’s payments industry has said that a system to make credit card payments via a QR code provider is not yet ready, despite the country’s central bank saying that consumers should now be able to use it.

May 7, 2024

UK's Open Banking Consultation Offers Path Out Of Regulatory Quagmire

The UK’s progress on open banking has been hampered by endless consultations and a lack of decision-making, payments experts warned during Vixio’s latest webinar, "Open Banking: Unlocking the Next Chapter".

May 7, 2024

Labour Checks, UN Concerns, Probes Heap New Pressure On POGOs

Pressure is continuing to build on the Philippines’ foreign-facing online gambling segment, with new hiring checks, UN scrutiny and community unease over foreign workers triggering another wave of media gloom and political attacks.

May 7, 2024

Northern Ireland Working On 'Next Phase' Of Gambling Law

Northern Ireland has commenced preparatory work on its next stage of reforming the country’s gambling laws and is in the process of commissioning a gambling prevalence survey.

May 6, 2024

U.S. Gaming Regulators Push Back Against Dave & Buster's Betting Plans

U.S. gaming regulators and lawmakers believe the move by prominent arcade chain Dave & Buster’s to incorporate peer-to-peer wagering into its loyalty app will violate state gambling laws.

May 6, 2024

Brazil System Standards Open Door For Loyalty Bonuses

Brazil has continued to roll out regulations for online gambling by releasing detailed technical standards for betting and gaming systems via an ordinance that also implies that licensed operators will be able to offer retention bonuses for players.

May 3, 2024

California Restarts Rulemaking On Restrictive Gambling Advertising

Cardrooms in California could be held responsible for any advertising done on their behalf by a third-party provider or advertising agency, according to revised advertising regulations approved by state gaming regulators.

May 3, 2024

Slow Start For ESPN BET Causes Penn Stock Drop

Penn Entertainment's stock took an early morning tumble Thursday (May 2) after the company reported that it had missed its first-quarter earnings estimates and cited the early underperformance of ESPN BET as one of the biggest factors in doing so.

May 3, 2024

Chilean Lottery Files Blocklist Lawsuit As Online Bill Stalls

Chile’s state lottery operator has rallied to file another lawsuit, this time against five internet providers who have not blocked online operators.

May 3, 2024

News In Brief: April 29-May 3, 2024

Two bills have been filed in North Carolina to ban prop bets on college players.

May 3, 2024

Suppliers Faced With Increasing Regulatory Supervision

Suppliers are increasingly facing the level of oversight and enforcement action previously reserved for gambling operators, as their risk profile changes around the globe.