Insights Archive

June 14, 2022

German State Says It Has Filed 25 Criminal Gambling Charges

The state administrator’s office in Saxony-Anhalt said it has filed 25 criminal charges since July 2021 over illegal gambling and illegal betting events.

June 14, 2022

Ontario Regulators Preparing For Second Wave Of Less Experienced Applicants

While regulators in Ontario have said the launch of the first wave of online operators was relatively successful from a licensing perspective, many in the next wave of operators will come with a higher risk profile.

June 14, 2022

Massachusetts Commission Considering Enhanced Advertising Regulations

As the Massachusetts Gaming Commission prepares for the possibility of having to regulate sports betting, commissioners are considering establishing new guidelines to govern the gaming industry’s advertising practices.

June 14, 2022

DCMS Blames Political Difficulties For White Paper Uncertainty

It is still not clear when in the “coming weeks” the UK’s much-anticipated Gambling Act review white paper will be published or what it will cover, according to the Department for Digital, Culture, Media & Sport (DCMS).

June 14, 2022

Sweden To Revamp Payments Crackdown On Unlicensed Gambling

The Swedish government is taking the final steps toward making it easier for the Swedish Gambling Authority to crack down on unlicensed operators and to help curb match-fixing.

June 13, 2022

P27 Test To Start Year-End With Swedish Banks

Thirteen Swedish banks are planning to start testing the Nordic payments platform before the end of the year using the Swedish instant payments solution Swish.

June 13, 2022

Singapore Central Bank Highlights ’Evolving Threats’ In New Business Continuity Guidelines

The Monetary Authority of Singapore (MAS) has issued revised guidelines for business continuity in response to novel threats faced by financial institutions.

June 13, 2022

Time For Regulation? Experts Ponder Future Of PSD2

The debate has begun about the future of payments regulation following the recent consultation review of the revised Payment Services Directive (PSD2). VIXIO speaks to experts from around the payments industry who ponder whether the time has come for there to be a regulation instead of a directive.

June 13, 2022

New York Publishes First-Ever US Stablecoin Guide

The New York State Department of Financial Services has become the first US financial regulator to lay down foundational criteria for dollar-backed stablecoins issued by state-regulated entities.

June 13, 2022

Philippine AML Watchdog Floats Joint Transactions Monitor

The Philippine Anti-Money Laundering Council has called on gambling regulator PAGCOR to jointly monitor and trace traveller funds after the former identified casino gambling as the top reason for bringing foreign currencies exceeding $10,000 into the country.

June 13, 2022

Affiliate Marketers Struggling In Ontario Amid Restrictions

Affiliate marketers are among the groups most affected by Ontario’s marketing restrictions, and some larger affiliates say the restrictions have made it difficult to invest heavily in the province.

June 13, 2022

Presidential Election Looms Large For Brazil Sports Betting

Brazil President Jair Bolsonaro is reluctant to enact a regulatory decree and introduce accompanying legal changes for online sports betting before facing re-election in October, according to reports in the country.

June 10, 2022

UPDATE: Apple To Use Credit Subsidiary To Fund New BNPL Service

In a surprise move, Apple has announced that it will be self-funding its new buy now, later (BNPL) service using its own cash-rich balance sheet.

June 10, 2022

Sooner Or Later? Money 20/20 Split On When Digital Euro Will Launch

The EU’s central bank digital currency (CBDC) project may land quicker than the market is anticipating, but is politics driving the desire for a retail version?

June 10, 2022

Two-Fifths Borrow To Pay Off BNPL Debt, Warns UK Charity

More than two in five buy now, pay later (BNPL) customers borrowed money to make repayments, Citizens Advice has found, as the cost of living crisis puts the payment method in the spotlight.

June 10, 2022

US Senators Introduce Bipartisan Landmark Bill To Create Regulatory Framework For Digital Assets

The US’ digital asset world may be entering new uncharted regulatory territory, as lawmakers seek clarity on jurisdiction, stablecoins, banking, tax, interagency coordination and many other areas.

June 10, 2022

Massachusetts Committee To Reconcile Sports-Betting Bills Behind Closed Doors

A small group of lawmakers from the Massachusetts House and Senate met for the first time on Thursday to begin discussions on how they can settle their differences with contrasting sports-betting bills.

June 10, 2022

Cautious Rajasthan Online Gaming Bill Suffers Lawyer Criticism

Legal experts in India have warned a bill regulating fantasy sports and esports in Rajasthan state is flawed, and called for extensive changes or else to launch a national scheme regulating skill gaming with stakes.

June 10, 2022

Argentina Enacts Decree For Federal Tax On Online Gambling

The Argentine federal government has published a decree to enact indirect taxes on online gambling deposits, but legal and tax experts are unsure about how they can be enforced.

June 10, 2022

German Court Thrills Betting Industry By Putting Bet Curbs On Hold

A German court has delivered an interim ruling stopping the current sports-betting regulator, the Darmstadt Regional Council, from enforcing what the gambling industry considers a cripplingly small list of permitted live, pre-match or in-play, bets.

June 9, 2022

Bigtech Cloud Providers To Be Regulated By Financial Watchdogs In The UK

Bigtechs are set to have new regulatory overlords in the UK, with the government enabling authorities to test the resilience of cloud service providers.