Insights Archive

September 15, 2021

New York BitLicenses - Are They Enough?

Any business that deals in virtual currencies in New York may need to register with more than one regulator, recent enforcement cases suggest.

September 15, 2021

MGM Boss Backs Digital To Deliver, Despite BetMGM Regret

The CEO of MGM Resorts International has said the future of the casino giant is digital, even if the company does not buy BetMGM partner Entain and struggles to turn a profit on online sports betting in New York.

September 15, 2021

Poland's State-Owned Operator Calls For Regulatory Relaxation

A report commissioned by Poland’s national lottery operator has called on the government to relax regulations for a number of sectors, including a tax cut for the country’s many betting shop operators.

September 15, 2021

Proposed Amendments To Macau Casino Law Hammer Share Prices

Macau casino stocks have plunged in the US and Hong Kong over proposed changes to legislation that include insertion of public servants into casino operations, tough financial monitoring, local shareholding thresholds and a reduction in concessions.

September 15, 2021

U.S. iGaming Markets Shake Up Old World Order

Three U.S. states figured among the top ten regulated online gambling markets in the world during the first half of 2021, representing a likely precursor to deeper disruption of the European-centric established order by the U.S. and other emerging markets.

September 14, 2021

Fed Issues Paper To Help Community Banks Embrace Responsible Innovation

The U.S. Federal Reserve Board has published a paper with a view to helping community banks form compliant partnerships with fintech companies.

September 14, 2021

Businesses Brace For New Chinese Data Law

China’s Congress passed the Personal Information Protection Law on August 20 and it will become effective as of November 1 this year. It copies the EU’s General Data Protection Regulation (GDPR) in many ways. It will reach across borders and will therefore affect all payment companies that deal with China.

September 14, 2021

PSR In Need Of Reform, Says Ex-Regulator

VIXIO spoke recently to Mark Falcon, an ex-regulator who helped to set up the Payment Systems Regulator in the UK. His opinions about the six-year-old regulator were stinging and ranged from structural problems to its mandate to promote competition.

September 14, 2021

U.S. Regulators Warn Of Sports-Betting Ad Crackdown

An overabundance of sports-betting advertising led two influential state gaming regulators on Monday to urge the industry to find a balance between competition and over-saturation, or risk a legislative backlash.

September 14, 2021

Shots Fired In Sihanoukville Online Raid As Crime Wave Flourishes

Police in Sihanoukville have arrested 15 Chinese nationals and confirmed shots were fired during a Friday raid on a hotel casino complex that was hosting online gambling operations.

September 14, 2021

Nigeria, Ghana Regulators Collaborating To Raise Revenues

The director-general of Nigeria’s National Lottery Regulatory Commission wants to team up with Ghana to form a regional gambling stronghold in the West African sub-region.

September 13, 2021

German FIU Under Money Laundering Suspicion

Agents of the Osnabrück public prosecutor’s office have raided the ministries of finance and justice in Germany, on apparent suspicion that someone at the financial intelligence unit (FIU) has colluded in money laundering.

September 13, 2021

UK Unveils Data Protection Reform Plans

The UK government has unveiled plans to water down the provisions of the UK GDPR, the country's version of the EU General Data Protection Regulation. In doing so, it is raising the possibility that the EU will cease to regard its regime as "adequate", which in turn might interrupt the easy flow of personal data between the UK and the EU.

September 13, 2021

News In Brief - September 13, 2021

Police ought to do more to tackle online fraud, the City of London Board chair has said.

September 13, 2021

NFL Broadcasters Adjusting To League Gambling Evolution

As the National Football League’s position on gambling references and advertisements during game broadcasts continues to evolve, the league’s flagship television broadcasters say the tone of the games will not change overnight to a heavier gambling focus.

September 13, 2021

Could Sports-Betting Battle Spread From Florida To Illinois As Seminoles Expand?

A sports-betting ballot war appears all but certain next year in Florida, and the conflict might spread to Illinois where Hard Rock International plans to develop a $311m casino and continue its expansion into the commercial casino market.

September 13, 2021

Dutch Gambling Industry Hopes Agreement Can Head Off Ad Backlash

Dutch gambling industry executives are hoping a voluntary agreement can be forged with media and broadcasting officials that will fend off a potential “avalanche” of marketing and a resulting political backlash.

September 13, 2021

Nordic Restrictions Aid Unlicensed Operators, Argue Trade Groups

Restrictions across the Nordic region are being driven by politics as opposed to data and will force players to use unlicensed operators, according to the heads of the Swedish and Danish online trade groups.

September 10, 2021

News In Brief - September 10, 2021

The UK's Payment Systems Regulator has appointed two new senior advisors, and Cypriot authorities embrace blockchain and cryptocurrencies.

September 10, 2021

Ultimatum For Coinbase

Coinbase is in hot water with the U.S. Securities and Exchange Commission over its plans to award users interest on the crypto-coins that they are not trading at the moment.

September 10, 2021

Brush Up On Cyber Risks, EU Authorities Warn FIs

The financial sector is increasingly at risk from cyber-attacks, the European supervisory authorities have warned in their latest report on the subject.