Insights Archive

September 21, 2022

California Lacking Knowledge On Problem Gambling, Audit Finds

With less than two months before Californians decide the fate of two ballot initiatives to open the nation’s largest state to legal retail and mobile sports betting, a recent audit found the state agency charged with raising awareness of problem gambling is unprepared for any expansion of gaming.

September 20, 2022

More Principles Based, Less Detailed: Danish Regulator Outlines PSD3 Hopes

Speaking exclusively to VIXIO, Denmark’s payments regulation lead has suggested changes to strong customer authentication (SCA), banks’ obligations and APIs should be on the agenda for the next iteration of the Payment Services Directive (PSD3).

September 20, 2022

Who Bears The Costs? The Challenges To Durbin’s Credit Card Bill

Since US Senator Richard Durbin introduced the Credit Card Competition Act in August, banks, credit unions and other market players have reacted against the proposed legislation. VIXIO takes a look at some of the issues driving the debate.

September 20, 2022

FATF, Interpol Launch New Forum To Intensify Global Asset Recovery

The two agencies have launched a new forum that will coordinate cross-border tracing, seizure and confiscation of criminal assets, with a focus on cyber-enabled financial crime.

September 20, 2022

Support For POGO Ban Swells Amid Rescue Of 173 Staff

A bill that would ban all offshore-facing and local online gambling in the Philippines has attracted heavyweight support amid police raids on two operations that freed 173 captive staff from at least five countries.

September 20, 2022

IGT Wins Wire Act Case Against Justice Department In Rhode Island

The U.S. Wire Act of 1961 does not prevent International Game Technology (IGT) from continuing online gambling and lottery operations in Rhode Island and other states, a federal judge ruled last week.

September 20, 2022

German Regulator Says It Expects More Freedom Next Year

The German “super regulator” may at last be freer to make independent decisions from January 1, 2023 if a representative of the regulator is correct.

September 20, 2022

New Swedish Government Could Soften Rules On Advertising, Bonuses

Sweden's government is set to change after a closely fought election, heralding a new approach to the gambling industry, experts predict.

September 20, 2022

Will Tough UK Gambling Restrictions Spread Elsewhere?

UK gambling lawyers and executives fear proposed player affordability measures and wonder whether such restrictive measures are a “sign of things to come” for the rest of the world’s gambling industry.

September 19, 2022

Temporary Licenses Cloud Massachusetts Sports-Betting Rollout

As the Massachusetts Gaming Commission continues the process of creating regulations to oversee legal retail and mobile sports betting, regulators will gather twice more this week to consider how to certify independent testing labs and hear from interested operators.

September 19, 2022

Anonymity Of Gamblers Disappears As U.S. Gaming Industry Enters Digital Era

The days when people could gamble without anyone else knowing are rapidly fading as the online industry expands and produces data crucial for tracking and preventing gambling addiction.

September 16, 2022

Week In Crypto: LUNA Co-Founder Issued Arrest Warrant And Guilty Plea In Coinbase Insider Trading Case

South Korea issues arrest warrants for the developers of the LUNA token, a guilty plea is entered in crypto’s first insider trading case and Celsius opens up about its "hero’s journey" to redemption.

September 16, 2022

VIXIO Impact Index: August Offers Firms Regulatory Breathing Space

Seasonally low volume of global regulatory events provide compliance teams with some welcome respite, but change is on the way as new Prime Ministers in the UK and Australia look to shake up the payments space, particularly in the non-bank lending sector.

September 16, 2022

Common API Standard Divides Industry And Regulatory Representatives

The European Banking Authority (EBA) has proposed that the next Payment Services Directive introduce a common API standard. However, TrueLayer’s public policy chief, speaking during a VIXIO webinar, says there are other options to improve current market problems.

September 16, 2022

Daily Dash: EU Extends Russian Sanctions And Proposes New Cybersecurity Safeguards

The European Council announces that Russia sanctions will continue, while the European Commission proposes a new cybersecurity trustmark for software and connected products in its fight against ransomware. Elsewhere, Uruguayan policymakers propose a bill to regulate crypto.

September 16, 2022

California Poll Points To Long Odds On Mobile Sports Betting

A new poll is showing long odds for California to legalize online sports betting this November, despite proponents led by FanDuel and DraftKings raising their stakes and now committing nearly $170m to their referendum campaign.

September 16, 2022

New Jersey Looks At Extending Online Gaming Market To 2033

An Assembly committee has unanimously agreed that internet gaming in New Jersey should be allowed to continue for another decade, as playing slot machines or table games online has become an integral part of the gaming experience in the Garden State.

September 16, 2022

Indian Government Draft Report Backs Online Gaming Regulation

A cross-ministry committee exploring the regulation of India’s online gaming industry has produced a draft report recommending national online gaming legislation and a national regulator, as well as a mechanism to block unregistered platforms.

September 16, 2022

Spain Approves Addiction, Fraud Safeguarding Bill

The Chamber of Deputies has approved a bill to modify the gambling regulation law in Spain by improving protections against fraud and safeguards for vulnerable gamblers, and it will now move on to the Senate for debate.

September 16, 2022

Kindred Threatened With Huge Fine In Norway

The Norwegian Gambling Authority is threatening to fine Kindred NOK437m (€43m) if it does not cease offering online gambling in the country within the next three weeks.

September 16, 2022

News In Brief: September 12-September 16, 2022

Wynn Resorts, Related Companies partner to target downstate New York casino licenses, Missouri lawmaker pushing for a special session to cover sports-betting bill and Tasmania becomes first Australian state to introduce mandatory slot loss limits in 2024.