Insights Archive

August 5, 2022

UK Is Card Fraud Capital, Think Tank Reveals

The Social Market Foundation has released new data revealing that the UK is the card fraud capital of Europe, which will be unsurprising news to concerned regulators and payments players.

August 5, 2022

Deep Dive: The Impact Of Malta’s Greylisting

The shock of Malta’s placement on the Financial Action Task Force (FATF) was followed by swift regulatory action leading to a tenfold rise in its regulatory impact according to VIXIO analysis. Its removal a year later highlights the challenge of strengthening regulation with rising compliance costs.

August 5, 2022

Massachusetts Gaming Commission Taps Brakes on Quick Sports-Betting Launch

Massachusetts regulators have thrown some cold water on the idea of a speedy sports-betting launch but stressed that they are “ahead of the game” when it comes to their preparation.

August 5, 2022

Sports Betting In Massachusetts, iGaming In Connecticut Targets Rhode Island

Bally’s Corporation may have beat quarterly earnings estimates on Thursday, but the Rhode Island-based company could face a serious blow to its bottom line in its home state from new forms of gaming in Massachusetts and Connecticut.

August 5, 2022

Chile Online Gambling Discussion Pushed By At Least A Month

The Chilean Ministry of Finance has asked for a 30-day delay in processing a bill to regulate online gambling.

August 5, 2022

Italian Authorities Hand Google Record Fine

Italy's communication authority (AGCOM) has fined technology giant Google €750,000 for allegedly breaching a ban on gambling advertising on its YouTube video platform.

August 5, 2022

UK Debate Over Gambling Sports Sponsorships Heats Up

A UK debate over sports sponsorships is heating up as a fan group circulates petitions to have them banned.

August 5, 2022

News In Brief: August 1-August 5, 2022

U.S.-based casino company Penn National announces that it is rebranding as PENN Entertainment.

August 4, 2022

Japan Unlikely To Pursue CBDC, Says Former BOJ Insider

A former policy board member at the Bank of Japan (BOJ) has said its central bank digital currency (CBDC) studies have failed to impress and that the bank has no plans to implement a digital yen in the near future.

August 4, 2022

ECB’s Search For ’Holy Grail’ Of Cross-Border Payments

A European Central Bank (ECB) study to look into the future of cross-border payments gives high praise to instant payments linkages and central bank digital currency, while it ranks Bitcoin and stablecoins the worst of all worlds.

August 4, 2022

Watching The Watchers: Trade Groups Push For CFPB Oversight Of Fintech Data Handling

US trade groups have petitioned the Consumer Financial Protection Bureau (CFPB) to bring large fintechs, bigtechs and data aggregators under its supervision ahead of its open banking rulemaking.

August 4, 2022

UPDATE: Disney Settles Lawsuit Against Visa, Mastercard Interchange Fees

Disney has settled a lawsuit with Visa and Mastercard over allegedly excessive interchange fees, just days after bringing the card giants to court.

August 4, 2022

HKMA Shares ’Sound Practices’ As It Ramps Up Payment Operations Oversight

The Hong Kong Monetary Authority (HKMA) has written to authorised institutions with regard to payments-related incidents as it warns firms of plans to increase its surveillance over their payments operations.

August 4, 2022

Business Payments Continue To Drive US ACH Growth

The US ACH network moved 7.5bn payments in the second quarter of 2022 driven by the growth in Same Day ACH and business-to-business (B2B) payments, Nacha says.

August 4, 2022

Eyes On Colombia's New President For Gambling Winnings Tax Hike

The Colombian gambling industry will be watching the first moves of the new administration on Monday, when Gustavo Petro and his Cabinet are sworn into office.

August 4, 2022

Dutch Regulator Continues To Address Duty Of Care Concerns In Latest Study

There is little scientific evidence that voluntary limits are effective in preventing risky behaviour, according to a review undertaken by the Netherlands Gambling Authority (KSA).

August 4, 2022

Dodging The 800-Pound Gorilla Of Sports Betting In California

It is going to be one of the biggest, if not the biggest, story in the U.S. gaming industry this year, but hardly anyone is eager to talk about the two competing sports-betting measures in California that will be on the election ballot on November 8.

August 3, 2022

China UnionPay Expands In Russia To Fill Visa/Mastercard Void

Two more of Russia’s largest banks are preparing to issue China UnionPay cards, continuing a trend that has gathered momentum since the invasion of Ukraine.

August 3, 2022

Phishing Scams Are Coming Down, Says Singapore Regulator

Phishing scams have reduced since the OCBC scandal last year confirms the Monetary Authority of Singapore while answering a question from the city-state’s parliament.

August 3, 2022

It’s No Fairytale: Disney Sues Visa, Mastercard Over High Interchange Fees

After opting out of a large-scale class action, Disney has now filed its own lawsuit alleging the card networks have set their interchange fees too high.

August 3, 2022

LeoVegas Penalised In UK For AML, Responsibility Failures

The UK Gambling Commission has penalised Stockholm-listed online gambling operator LeoVegas £1.32m for anti-money laundering and social responsibility failures.