Insights Archive

December 8, 2021

FCA Outlines Consumer Duty Plans

The UK's Financial Conduct Authority (FCA) has put out a new consultation confirming its Consumer Duty rules will be in place by July 2022.

December 8, 2021

Delays Expected To Finnish Gambling Law

The Finnish government's long-awaited Lottery Act amendment proposal has hit a major payment blocking roadblock, following the release of the Constitutional Committee’s opinion on the proposal on December 1.

December 8, 2021

Missouri Seeks Solution To Grey-Market Games, No Love For Virginia's Skill Game Ban

Despite overwhelming opposition from the Missouri gaming industry, a veteran state senator will continue his efforts in the next legislative session to legalize video lottery terminals in bars and truck stops to replace thousands of unregulated devices.

December 8, 2021

New Rules Allow Philippine Taxman To Close POGO Networks

A new taxation and oversight regime is in force for foreign-facing online gaming operators (POGOs) in the Philippines, tightening POGO scrutiny and ramping punishment for tax delinquency and labour violations.

December 7, 2021

Experts Question Effectiveness Of Latest Sanctions On Belarus

In a coordinated action, the US, EU, UK, and Canada have imposed new sanctions on the eastern European state. However, experts are divided on just how impactful they will be.

December 7, 2021

Consumers Still Do Not Know How Fintechs Collect Data

A new survey by the interbank payments company, The Clearing House (TCH), shows U.S. consumers know little about fintechs’ data collection and sharing practices.

December 7, 2021

India Launches Government-Backed Digital Wallet To Promote Financial Inclusion

As part of the Digital India initiative, India has announced the launch of CSCPay, a new digital application to support the inclusion of the rural population into digital payments.

December 7, 2021

Thai Parliament Committee To Explore Casino Liberalisation

Thailand’s parliament has established an extraordinary committee with cross-party membership to examine the feasibility of an “entertainment complex” containing a major casino.

December 7, 2021

Betting Exchanges Near Reality In New Jersey, But Will They Succeed?

Supporters of exchange wagering in the U.S. are looking to capitalize on increased interest in retail investing spurred by Robinhood and other platforms, but key hurdles remain for the concept to reach its potential on the sports-betting side.

December 7, 2021

UK Pressure Mounting Ahead Of White Paper Release

More UK football clubs have backed a campaign to remove all gambling sponsorships and promotions from the sport, as political pressure continues to mount on the upcoming Gambling Act white paper.

December 6, 2021

BNPL Black Friday Boom, But Do Consumers Know What They Are Signing Up To?

Buy now, pay later (BNPL) is booming in Europe, research by Mollie and Equifax shows, but could Black Friday end up causing financial woes for consumers?

December 6, 2021

There Is Clarity To U.S. Crypto Regulation If You Look Closely

Crypto companies have been criticizing the U.S. for a lack of clarity in crypto regulation. But what if there is a clear answer, only they do not like it? VIXIO sat down with U.S.-based crypto experts to discuss the regulation conundrum.

December 6, 2021

Update: India Not Proposing Cryptocurrency Ban

A new Cabinet note on the proposed cryptocurrency bill shows that India is planning to regulate private cryptocurrencies, rather than banning them.

December 6, 2021

Florida Sports Betting Halted After D.C. Federal Court Denies Appeal

The Seminole Tribe of Florida on Saturday halted sports-betting operations after a three-judge panel in Washington, D.C. voted 2-1 to reject the tribe’s appeal to continue accepting wagers pending further court proceedings.

December 6, 2021

Ontario Online Launch Delayed As Operators Await Transition To Legal Market

Ontario will miss its targeted 2021 launch for regulated online gaming and sports betting, with the lack of a clear launch date one of several complexities causing heartburn for operators preparing to enter a uniquely attractive market in North America.

December 6, 2021

Dutch Regulator Set To Punish Wayward Affiliates

The Netherlands Gambling Authority (KSA) has said it is taking enforcement action against 15 affiliates that have been promoting unlicensed online gambling operators.

December 3, 2021

Brazil Central Bank Starts Testing Use Cases Of Digital Real

The Central Bank of Brazil has announced a new partnership aimed at testing potential use cases of a central bank digital currency.

December 3, 2021

Week In Brief - December 3, 2021

A short roundup of some of the week's payments news you may have missed. This week we look at the UK FCA's proposal to double its minimum fees, Microsoft's new BNPL update, a fine imposed on a Latvian bank for AML failures, and a new payment system cooperation between Indonesia and the United Arab Emirates.

December 3, 2021

MEPs Welcome AML Reform, But Stress Need For Proper Enforcement

EU level action must step up its game to avoid weaknesses in its fight against money laundering and terrorist financing, members of the European Parliament (MEPs) have agreed.

December 3, 2021

EU Online Gambling Regulations Strengthening But Divergent On Details

Online gambling consumer protection regulations among EU member states have been strengthened since 2018 but there is still significant fragmentation across European markets, according to a new study.

December 3, 2021

Casino Execs Expecting More Competitive U.S. iGaming Market

Tribal and smaller regional casino operators will have a better chance in competing in the U.S. online gaming market than in the country’s sports-betting gold rush, according to leading industry executives.