Insights Archive

January 5, 2023

Massachusetts Grants Barstool Preliminary Mobile Sports-Betting License

After several weeks of expressing concerns about its Barstool Sports affiliation, Massachusetts regulators ultimately gave Penn Sports Interactive a conditional green light Wednesday to move forward with its online sports-betting platform in the state.

January 5, 2023

Albania Targets Q1 For Sports-Betting Law

Albania’s government is aiming to have a legal framework to un-ban sports betting again within the first three months of 2023.

January 5, 2023

New Year Brings New Nevada Cybersecurity Regulations

Nevada’s casinos have until the end of the year to perform a risk assessment of the vulnerability of their computer systems to cyberattacks that could potentially compromise customer data and negatively affect the state’s lucrative gaming industry.

January 5, 2023

Licence Renewals Bring German Betting Relief

Betway, Bet-at-Home and Happybet are among online gambling companies getting their German sports-betting licences refreshed for 2023, alleviating concerns that a committee of gambling regulators would block a significant number of renewals.

January 4, 2023

China To Launch State-Backed NFT Marketplace, But ’Cryptocurrency’ Still Illegal

After making cryptocurrency trading and mining illegal in 2021, China has unveiled its first "national-level compliant" exchange for the secondary trading of non-fungible tokens (NFTs).

January 4, 2023

ECB Seeks Digital Euro Scheme Rulebook Support

The European Central Bank (ECB) is inviting payments and financial services experts to express their interest in contributing to the drafting of a rulebook for a digital euro scheme.

January 4, 2023

Back To Work: A Recap Of Payment News While You Were Away

Following the festive break, VIXIO PaymentsCompliance provides a short round up of some of the key events over the past few weeks that you may have missed, including Croatia becoming the latest eurozone member, the completion of the US CBDC project, new Malaysian electronic money rules and Russia to allow transfers with "unfriendly states".

January 4, 2023

New York Panel Approves $500m Casino License Fee As Applications Open

The process of acquiring one of three new licenses to operate full-fledged casinos in or around New York City officially comes with the most expensive price tag in U.S. history, after a state site selection board approved a minimum $500m license fee.

January 4, 2023

Spain Q3 Results Suggest Adjustment To Ad Ban

The Spanish gambling regulator has published its financial report for Q3 2022, suggesting that the country’s industry has thrived, but did not address hidden reasons why the data may be misleading.

January 4, 2023

Finnish Minister Pushing For Online Licensing

A Finnish government minister has said there is large cross-party support for the introduction of an online gambling licensing regime.

January 4, 2023

Personnel Moves - December 2022

Fresh deputy leadership in place at the European Casino Association, a new face at the top of the International Gaming Institute, more figures exit Star Entertainment and there's a new head regulator in Colombia.

January 3, 2023

The Battle For Your Wallet: 2022 Year In Review

After another year of disruption for the global payments industry, VIXIO takes a look at the trends that have shaped 2022, from the continued demise of cash to the rise of instant payments, open banking and the war on card fees.

January 3, 2023

US Beneficial Ownership Rule Draws Broad Lines For Data Access

The US Financial Crimes Enforcement Network has set out its second set of rules governing beneficial ownership information, enabling agencies to directly access the database and use it for more general purposes.

January 3, 2023

India Releases Draft National Online Gaming Rules

India has taken a major step towards constructing a national regulatory space for online gaming by focusing regulation into two ministries and releasing draft rules enshrining industry self-regulation and consumer protections.

January 3, 2023

Pennsylvania Reopens Application Period For Online Casino Licenses

The Pennsylvania Gaming Control Board has reopened a two-month window for gaming companies primarily operating in other states to submit applications for internet gaming licences that are not tied to a land-based casino.

January 3, 2023

Long Island VLTs Add To New York Gaming Expansion

As state officials prepare to kick off the licensing process for three new casino-resorts, New York Governor Kathy Hochul has signed legislation to allow an existing casino facility in Long Island to double the size of its gaming floor.

January 3, 2023

Ohio Regulator Continues Sports-Betting Advertising Vigilance

The first bets were accepted in Ohio just seconds after 2022 became 2023 early on Sunday morning, but in the lead-up to launch, state regulators expressed their continued frustration with the advertising tactics of sports-betting operators and said they are already planning a six-figure fine for DraftKings over marketing violations.

January 3, 2023

Peru's Political Turmoil Not Expected To Affect Online Gambling Law

In the first week of December, Peru’s former President Pedro Castillo was jailed for attempting to dissolve Congress and install an emergency government, but gambling industry insiders remain optimistic the upheaval will have a minimal effect on the timeline for regulating online gambling.

December 22, 2022

Week In Crypto: FTX Execs Plead Guilty To Fraud, Binance Financials Probed As Auditor Quits

Breaking news as two top executives associated with FTX plead guilty to criminal fraud charges. Meanwhile, Sam Bankman-Fried’s extradition to the US is confirmed and doubts are raised over Binance’s elusive balance sheet.

December 22, 2022

Durbin’s US Credit Card Bill Not On Congress’ Agenda

2023 is going to end without US Congress acting on the widely-disputed Credit Card Competition Act after it failed to make it into the government’s omnibus spending bill.

December 22, 2022

EU Banks Weigh On Online Consumer Protection Proposal

The European Banking Federation has said the Payment Service Directive should prevail over new online consumer protection rules and that legislators must ensure they do not create unnecessary friction in the consumer journey.