Insights Archive

January 17, 2023

Bank Of Thailand Asks For Public Comment On Virtual Bank Framework

The Bank of Thailand has announced that it is now accepting public feedback on its proposed rules for the opening of virtual banks, a key part of its wider digital economy strategy.

January 17, 2023

Compliance Allegations Among Top Complaints Filed By FCA Whistleblowers

New data from the UK Financial Conduct Authority (FCA) shows that compliance-related allegations were among the top issues raised by whistleblowers in 2022.

January 17, 2023

Nevada Regulators Grant Preliminary Approval To Esports Betting Rules

After months of debate and delay, the Nevada Gaming Commission is expected to grant final approval next week to several regulatory changes making it easier for sportsbooks to accept wagers on esports competitions.

January 17, 2023

Brazil's New Administration Slowly Taking Shape

Brazilian President Luiz Inácio Lula da Silva’s appointees continue to be selected during the first weeks of his administration, with nominees relevant to the gambling industry ranging from supporters to opponents of legal gaming, but critical positions are still to be filled.

January 17, 2023

Vivaro Limited Agrees £337,631 Regulatory Settlement With UK Gambling Commission

The UK Gambling Commission has announced that Malta-based Vivaro Limited has agreed to pay £337,631 as a regulatory settlement following a series of failings.

January 17, 2023

NSW Premier Candidate Outlines Gambling Reform Plans

The leader of New South Wales (NSW) Labor has released what he calls the “most comprehensive” gambling reform package in the state's history, including banning advertising outside gaming venues.

January 17, 2023

Public Health England Says Not Enough Being Done To Prevent Harm

The now-dissolved Public Health England has said more needs to be done to prevent and reduce the harms associated with gambling.

January 16, 2023

EMVCo Outlines Planned Updates For 2023

EMVCo, the global technical body for card payments, has said in the year ahead it will focus on the testing of its contactless kernel specification, investigating opportunities in omnichannel payments and enhancing e-commerce.

January 16, 2023

CJEU Ruling Brings New GDPR Pains For Companies

Every person has the right to know with whom their personal data has been disclosed, a new EU ruling concludes.

January 16, 2023

Sub-Saharan Africa Regulatory Void Urgently Needs Addressing, Researchers Say

There is an urgent need to address the "regulatory void" in Sub-Saharan Africa surrounding online forms of gambling and the promotion of gambling products, researchers have said.

January 16, 2023

New Jersey Lawmakers Consider Extension Of Internet Gaming Law Till 2033

New Jersey lawmakers are expected to extend the state’s online wagering law for another decade during this legislative session as the existing law is scheduled to sunset next year.

January 13, 2023

Week In Crypto: FTX ’Locates’ Over $5bn, Subpoenas Target Binance, More Coinbase Job Cuts

FTX “locates” more than $5bn in liquid assets, US investment firms that have worked with Binance receive subpoenas and Coinbase announces another round of layoffs, its second in two years.

January 13, 2023

Significant Divergence In PSD2 Authorisation Processes, EBA Says

A new report by the European Banking Authority (EBA) uncovers disparity among EU member states when it comes to the authorisation and licensing of payments and e-money firms.

January 13, 2023

US Agency Goes After Non-Bank T&Cs

The US Consumer Financial Protection Bureau has issued a proposal to register non-banks whose contract terms attempt to curb consumers’ legal rights to sue the company, six years after former President Donald Trump blocked the agency’s first attempt to address the issue.

January 13, 2023

Chile’s New Fintech Law Can Drive Innovation

Chile’s recently passed Fintech Law presents a transformational opportunity for the country, provided it appreciates lessons learned from other countries, experts tell VIXIO.

January 13, 2023

Daily Dash: UK Open Banking Hits New Landmark

The six largest banks in the UK are now fully compliant with the open banking standards, Nationwide data has revealed a jump in cash use and Danish authorities assess the country’s biggest money laundering risks.

January 13, 2023

AGA Boss Lauds How Casino Companies Go Where Others Fear To Tread

As he prepares to celebrate his fourth anniversary as the gaming industry’s top lobbyist in the United States, Bill Miller has noticed something unique about the companies he represents.

January 13, 2023

Massachusetts Regulators Consider Tougher Advertising Rules

The trend of newer sports-betting regulators taking a tougher stance on advertising is continuing in Massachusetts, where newly-proposed rules include limits on “risk-free” terminology and marketing to college students.

January 13, 2023

Mix Of Products Associated With Young British Problem Gambling

Gambling regulators in Great Britain should focus on the potential harm caused by higher-risk land-based products, as well as strengthen online regulations, according to the analysis of a longitudinal survey of adults aged between 16 and 26.

January 13, 2023

News In Brief: January 9-January 13, 2023

Another German state says no to online casino licensing, Austrian ministry claims it is still working on a new regulator and Argentina's Supreme Court rules against casino owners in tax case.

January 12, 2023

UK’s Al Rayan Bank Hit With £4m Fine Due To ’Egregious’ AML Failures

Al Rayan, a UK-based Shariah-compliant bank, has been issued a £4m fine by the Financial Conduct Authority for a series of “egregious” anti–money laundering (AML) failures.