Insights Archive

September 30, 2022

US Trade Associations Sue CFPB Alleging Overreach

The Consumer Finance Protection Bureau (CFPB) is operating beyond its statutory authority and without accountability, according to the American Bankers Association, US Chamber of Commerce and others.

September 30, 2022

Week In Crypto: Resignation, Resisting Arrest And A Surprisingly Upbeat Regulator

As the LUNA co-founder evades an arrest warrant, the CEO of bankrupt Celsius decides it’s time for him to go. Meanwhile, the head of a US regulator says bitcoin could double in value under the right legal framework.

September 30, 2022

No More Delay! India’s Card-On-File Rules Enter Into Force

After more than a year of delays, new rules aimed to strengthen the security of online card payments in India are coming into force at the weekend.

September 30, 2022

Stablecoin Reserves Must Be ’Publicly Transparent’, Says Fed Chair

Federal Reserve chair Jerome Powell argues that private stablecoin issuers must face greater transparency rules to build trust and protect against insolvency in a roundtable discussion on digital asset regulation.

September 30, 2022

Daily Dash: Central Banks Test Cross-Border CBDC In BIS Initiative

Sweden, Norway and Israel trial new cross-border retail CBDC payments, new Russian sanctions unveiled following sham referendum and US bank fined for “illegal overdraft” fees.

September 30, 2022

Cambodia Crackdown Frees Thousands Of Enslaved Online Staff

Thousands of captive workers in Cambodia have been released from online gaming and other illegal operations by police in just weeks, as the government finally begins to sweep underground gaming hubs around the nation.

September 30, 2022

Brazilian Football Teams May Not Comply With Betting Investigation

An investigation into betting sponsorships and advertising by Brazil’s national consumer protection secretariat Senacon appears to have slowed, amid word from insiders that some of the implicated sports teams will refuse to hand over copies of their partnership contracts.

September 30, 2022

For Better Or Worse, Gaming's Politicization Grows As U.S. Elections Approach

Legendary California Assembly Speaker Jesse “Big Daddy” Unruh coined the phrase, “Money is the mother’s milk of politics,” and the gambling industry is increasingly being perceived as a cash cow in elections.

September 30, 2022

News In Brief: September 26-September 30, 2022

Malta still loves its online gambling industry and BetMGM faces multi-million New Jersey lawsuit from problem gambler.

September 29, 2022

Payments Firms Rally To Support Ukraine With Cheaper Remittances

Fintechs and card schemes have signed a joint statement committing to providing the war torn EU membership candidate with cheaper, more accessible, remittances between itself and the EU.

September 29, 2022

Wall Street Banks Fined Nearly $2bn Over WhatsApp Use

Sixteen Wall Street firms have agreed to pay a total of $1.81bn to settle charges that their employees used their personal WhatsApp accounts to communicate with clients to avoid creating records and evade regulatory and bank oversight.

September 29, 2022

PSR Outlines APP Fraud Strategy

The UK’s Payment Systems Regulator (PSR) has unveiled its proposals to protect consumers against rising authorised push payment (APP) scam losses and fraud, including mandatory reimbursement above a threshold.

September 29, 2022

Philippine Regulator Resists Calls For Online Gambling Ban

Philippine gambling regulator PAGCOR has defended its record supervising the offshore-facing online segment amid mounting support for legislation that would ban the industry in its entirety.

September 29, 2022

Investors Still Bullish On Gambling M&A Despite Economic Downturn

Mergers and acquisitions activity in the gaming industry could continue at a high volume even in the event of an economic downturn, according to leading U.S. investment analysts.

September 29, 2022

Bill To Ban Betting Advertising Advances In Chilean Congress

The sports commission in Chile’s Chamber of Deputies has voted to approve an amended bill that would ban all betting sponsorships and advertising after a one-year grace period for teams, leagues and offshore operators to unwind their existing partnerships.

September 29, 2022

Uneasy Lies The Head Of Gambling's King Of The South

As the casino industry celebrates its 30th anniversary this year in Mississippi, the Magnolia State’s reluctance to embrace online betting continues to pose a threat to its status as the South’s top gaming state.

September 28, 2022

FCA (Finally) Grants Revolut Crypto Approval

The UK challenger bank has won registration from the Financial Conduct Authority (FCA) after a prolonged approval process.

September 28, 2022

AML Software Market Expected To Triple In Value By 2028, Says New Research

As new research highlights the explosive growth of the anti-money laundering (AML) software market, VIXIO speaks with vendor Lucinity about the challenges and opportunities of the industry.

September 28, 2022

Buy Now, Pay Later Must Comply Now, FTC Warns

The US Federal Trade Commission (FTC) has warned businesses engaged in buy now, pay later (BNPL) offerings that they may violate federal rules if they fail to satisfy some basic consumer protection principles.

September 28, 2022

UPDATE: Luxembourg’s Regulator Fines Unzer, Following Bafin Action

Luxembourg’s financial regulator has fined the payments firm Unzer for failing to comply with anti-money laundering (AML) regulations in the country.

September 28, 2022

Major Market Michigan Exceeding Expectations On iGaming

It is one of the most perplexing questions in the U.S. gaming industry — why are other states so reluctant to regulate internet gaming when early adopters such as Michigan are generating so much more revenue from their online casinos than mobile sports betting?