Insights Archive

October 27, 2022

Unpacking The New US Beneficial Ownership Rules

Last month, the US Treasury finalised a long-awaited rule for beneficial ownership reporting requirements which is expected to hit more than 30m small businesses. VIXIO speaks with an ex-Treasury official to discuss the impact and potential areas of abuse.

October 27, 2022

Nevada Regulators Taking On Outdated Rules, But Online Gaming Off The Table

After two years in the role, Nevada Gaming Control Board chairman J. Brin Gibson is busy guiding the agency through the massive undertaking of updating the state’s archaic gaming regulations, some of which have not been touched in more than five decades.

October 27, 2022

Japan Warns Online Gamblers Of Criminal Prosecution

Japan’s police and Consumer Affairs Agency have released a joint warning that gambling on offshore websites is a criminal act, implying that long-standing de facto impunity for affiliate websites may be under threat.

October 27, 2022

Swedish Operators Sharing Problem Gambling Data

Three of Sweden’s largest operators — Kindred, the Swedish Horse Racing Totalisator Board (ATG) and state-owned Svenska Spel — have agreed to share key problem gambling consumer data every six months.

October 26, 2022

Bigtech Could Accelerate Interbank Payment Disruption, Says FCA

The UK’s Financial Conduct Authority (FCA) has looked at how bigtech is disrupting payments, as it seeks views on the potential competition benefits and harms from the changing market dynamic.

October 26, 2022

JCB Launches World’s First Pilot Of Card-Based CBDC Payments

Japan will use its local card-based payments network to trial in-person merchant payments using a central bank digital currency (CBDC).

October 26, 2022

Amex Opens Up Its Network To Fintechs

A new partnership between American Express and Cross River Bank will enable fintechs to offer Amex-branded credit cards to their customers.

October 26, 2022

Tribal Gaming Lobbyists Brace For Power Play By Alabama Senator

Prussian politician Otto von Bismarck once said laws are like sausages because it is best not to see them being made, and Indian gaming lobbyists are worried the wisdom of Bismarck’s observation will be confirmed yet again in Congress before the end of the year.

October 26, 2022

NSW Crime Commission Backs Mandatory Cashless Slots

The New South Wales (NSW) Crime Commission has heaped new pressure on slot machine operators and the state government in a report recommending mandatory cashless use of slots to stem billions of dollars in laundered funds per year.

October 26, 2022

UK Problem Gambling Rate Stable But Data Concerns Remain

The latest Gambling Commission data reports that the UK problem gambling rate has remained stable at 0.3 percent, but academics are increasingly concerned about the methodology and standardisation of recording gambling harm rates.

October 26, 2022

Vermont Committee Supports Mobile Sports Betting, With Retail Requiring Further Study

A Vermont committee has begun to piece together what sports betting in the state could look like as legislators prepare to consider the issue next year.

October 25, 2022

Pakistan Off Greylist As FATF Completes Plenary

The global money laundering and financing watchdog has removed Pakistan from its list of countries under increased monitoring after four years.

October 25, 2022

Santander’s ’Radical Plan’ To Protect Consumers From APP Fraud

UK payment system upgrades are needed so that fraud prevention can be built into their design, says a new report by Santander, outlining what needs to be done by the industry and regulators to tackle authorised push payment (APP) fraud.

October 25, 2022

A Revolution In Cross-Border Payments? IXB Pilot Readies For Live Service

VIXIO caught up with the pan-European payments clearing house, EBA Clearing, to talk the prospects and roadmap for its new Immediate Cross-Border Payments (IXB) as participants gear up for live testing.

October 25, 2022

Norway Joins Germany In Questioning Twitch Gambling Streams

Norway is just as annoyed as Germany at a Twitch move to ban only some streamed online casino games from its platform, saying streamers of unlicensed slots are breaking the law, and other European countries could soon follow their lead.

October 25, 2022

Bill Introduced To Open D.C. Sports-Betting Market

A group of District of Columbia councilmembers have begun a push to introduce a competitive mobile sports-betting market in the nation’s capital and end the DC Lottery’s near-monopoly on mobile betting in the district.

October 25, 2022

Brazil's Fantasy Sports Sector Seeking Legal Clarity From Congress

Brazil’s nascent fantasy sports industry is lauding last week’s approval of a bill to establish a legal framework for electronic video games that would also formally recognise fantasy competitions as games of skill.

October 25, 2022

Nigerian State Clarifies Gambling Ban

Nigeria’s Anambra state government has been forced to clarify that a reported state-wide ban on gambling activities only pertains to casino games in hotels, restaurants and bars, after misleading local media reports.

October 25, 2022

Oral Arguments Scheduled In Landmark Florida Online Sports-Betting Case

On December 14, a panel of three judges in Washington, D.C. will preside over a hearing to determine whether Florida should be allowed to resume online sports betting, and their decision is likely to have historic ramifications for both the tribal and commercial gaming industries.

October 25, 2022

Esports Betting Regulations Move Forward In Nevada

It took a special committee less than 20 minutes on Monday to unanimously approve Nevada’s first regulations for wagering on esports competitions, as the gaming industry looks to take advantage of the vast economic potential that competitive video games offer.

October 24, 2022

US Court Declares CFPB Funding Unconstitutional

A US court decision says the Consumer Financial Protection Bureau's (CFPB) funding structure is unconstitutional, striking a potential blow to the agency’s work and calling into question all previous rules.