Insights Archive

January 12, 2023

Dutch Payments Group Calls EU’s Instant Payments Plans ’Too Broad’

The Dutch Payments Association has sent a list of concerns levied at the European Commission's instant payments proposals to Brussels.

January 12, 2023

Chile's Internet Gambling Monopoly Battles Online Bill

Chile’s online gambling monopoly has launched a scathing attack on Chile’s attempts to pass online gambling legislation in an Economy Commission hearing.

January 12, 2023

New Finnish Powers Already Deterring Foreign Marketing, Says Regulator

Several gambling operators have already stopped marketing to consumers in Finland following the bolstering of enforcement powers from the start of 2023, according to the country’s regulator.

January 12, 2023

Biden Administration Seeks To Streamline Indian Gaming Regulations

The U.S. Department of the Interior wants to expedite the negotiation process between tribes and states on gambling compacts and make it easier for the federal government to obtain land for Native Americans.

January 12, 2023

Maine Seeks To Impose Harsh Restrictions On Sports-Betting Advertising

The Maine Gambling Control Unit has proposed the strictest limits on sports-betting advertising and promotions in the U.S., limiting television advertising to only during live sporting events, along with banning all television advertising of promotions and bonuses.

January 11, 2023

GTBank Pays Elevated UK Fine For Not Fixing Prior AML Failures

The Financial Conduct Authority has fined Guaranty Trust Bank £7.6m for serious weaknesses in its anti-money laundering (AML) systems and controls.

January 11, 2023

EBA Drops Ten New PSD2 Q&As (Part 2)

Following Tuesday's instalment, VIXIO rounds up the remaining clarifications made by the European Banking Authority (EBA) in its latest set of Q&As on the revised Payment Services Directive (PSD2).

January 11, 2023

’Is This The Beginning Of The End’ For Crypto, Asks Banque De France Exec

A top official at the Banque de France has published a new article in which he questions whether crypto can recover from the “spectacular blow-ups” of 2022. Meanwhile, banking executives on opposing sides of the debate weigh in.

January 11, 2023

Fed Will Not Be ’Climate Policymaker’, Powell Says

US Federal Reserve chair Jerome Powell said it would be inappropriate for the Fed to use its existing mandates to step in on environmental issues.

January 11, 2023

US Payments: What To Watch In 2023

2023 is expected to be a significant year for US payments with the launch of the Federal Reserve’s instant payment system and the release of its open banking rule. Legislative activity in the crypto space is also likely to heat up, Durbin’s credit card bill will be brought back to Congress and consumer protection issues will again take centre stage on the regulatory agenda.

January 11, 2023

Ohio Regulator Says Affiliate Marketers Central To Responsible Gaming Concerns

Ohio has immediately become perhaps the most aggressive U.S. state to date in enforcing responsible gambling protections through sanctions, and the regulator’s executive director said Tuesday that much of that conversation revolves around affiliate marketers.

January 11, 2023

German Regulator Refers Cases For Criminal Prosecution

Germany’s newly empowered gambling authority has said regulators have filed more than 60 prohibition orders and referred more than 30 cases for criminal prosecution.

January 11, 2023

New Year, Same Wait For Brazil's Sports-Betting Regulation

Recent changes to Brazil's tax codes and comments from an outgoing senior official would suggest that regulations for sports betting are imminent, but legal experts are advising caution as a new presidential administration takes office.

January 10, 2023

PSR Responds To TSB Warning On APP Fraud Reimbursement Threshold

The UK’s Payment Systems Regulator (PSR) has responded to claims made by TSB Bank that new rules on reimbursement for authorised push payment (APP) fraud will exclude a significant number of victims.

January 10, 2023

EBA Drops Ten New PSD2 Q&As (Part 1)

The European Banking Authority (EBA) has issued a new set of clarifications regarding the revised Payment Services Directive (PSD2). This first of two insights, which VIXIO is looking at over the next two days, focuses on fraud loss liability, different business models for regular payments and safeguarding of funds.

January 10, 2023

Pending Dutch Ad Ban Needs Clarification, Says Advisory Body

The Dutch government’s regulatory advisory body has warned that a raft of proposed advertising restrictions “have not been sufficiently elaborated”.

January 10, 2023

U.S. Adoption Of Cashless Wagering Driven By Changes To Consumer Preferences

Although vintage slot machines that accept coins can still be found on a few casino floors in the U.S., the move to cashless gaming is set to continue in 2023 driven by the effects of the coronavirus pandemic and changes in consumer preferences.

January 10, 2023

Treat Crypto Like Gambling, Says ECB Official

Trading in unbacked digital assets should be treated by regulators like gambling, according to a leading European banker.

January 10, 2023

Italian Gambling Concessions Extended

Italy’s betting, bingo, slots and online gaming concessions have been extended by a year after they were set to expire at the end of 2022.

January 9, 2023

UPDATE: J.P. Morgan To Face Lawsuit Over Loss Of $272m From Ray-Ban Maker’s Account

A US judge has ruled that J.P. Morgan must face a lawsuit that seeks to hold the bank liable for the loss of $272m from the account of a Thailand-based Ray-Ban manufacturer.

January 9, 2023

Indian Court Tells Google To Pay 10 Percent Fine Deposit For Appeal To Be Heard

An Indian appellate court has ordered Google to deposit 10 percent of two penalty fines that it received for abuse of its position before it will grant its motion to appeal.