Insights Archive

October 16, 2024

Sweepstakes In The Spotlight For U.S. Gaming Industry

Regulated gaming companies, suppliers and investors are receiving conflicting advice to embrace opportunities in sweepstakes gaming, but also wake up to the regulatory risks of participating in the fast-growing sector.

October 16, 2024

Rhode Island Considers Expanding Sports-Betting Market

The Rhode Island Lottery plans to conduct a wide-ranging study of the state's sports-betting market to determine if allowing multiple operators would increase tax revenues.

October 16, 2024

Polish National Lottery Dismisses Its President Over Political Appointments

Poland’s national lottery operator and online casino monopoly Totalizator Sportowy has dismissed the president of its management board over allegations of political cronyism.

October 16, 2024

Regulatory Influencer: Australia Looks To Set Example In Stopping Scams At Source

Under its new Scams Prevention Framework, Australia is hoping to become one the first jurisdictions in the world to impose statutory anti-scam controls on non-financial businesses.

October 16, 2024

‘We Take Fraud Incredibly Seriously’ — Revolut Responds To BBC Panorama Exposé

Revolut has hit back at a BBC documentary that accuses the firm of “prioritising growth ahead of protecting customers”, saying that it takes complaints of fraud “incredibly seriously”.

October 16, 2024

Criminalise Unlicensed Crypto Platforms To Fight Fraud, Says UN

The UN Office on Drugs and Crime (UNODC) has urged lawmakers in Southeast Asia to make it a criminal offence to operate a crypto or money services business without a licence.

October 16, 2024

European Payments Council Unveils Verification Of Payee Scheme

The European Payments Council (EPC) has officially published the first version of the Verification of Payee (VOP) scheme rulebook, following a public consultation.

October 16, 2024

Daily Dash: Santander Launches A2A Payments Partnership In UK With Token.io

Santander has partnered with account-to-account (A2A) provider Token.io to bring open banking payments to retail customers, while Brazil has begun accepting applications for the second phase of its central bank digital currency pilot.

October 16, 2024

German Regulator Wins Ruling Against Swiss Payments Firm Over Illegal Gambling

Germany’s Joint Gambling Authority of the Federal States (GGL) has said that an administrative court confirmed its decision to bar a payments service provider based in Switzerland from facilitating transactions for illegal gambling offers.

October 16, 2024

Thinktank Report Behind Ongoing UK Tax Panic Released

A key report that underpins the drive to send gambling taxes skyrocketing in the UK has been officially released, as reaction to a potential government tax raid continues to mount.

October 15, 2024

Bonuses May Be Back On The Chopping Block In Brazil

Brazil’s chief consumer watchdog is preparing to demand that Brazil’s 96 whitelisted online betting companies submit legal justification for any bonuses they are offering to players.

October 15, 2024

Greek Operators Demand More Black Market Action

A Greek gambling industry trade group is calling on authorities to do more to combat the country’s black market, claiming that as much as 40 percent of the market takes place offshore.

October 15, 2024

MoneyGram Hack An Open Goal Due To Lack Of Encryption, Sources Say

As US payment platform MoneyGram assesses the damage from a major hack of customer information, Vixio hears from sources that lack of encryption was to blame.

October 15, 2024

MEP Pushes For MiCA-Style Disclosure Rules For AI Technology

Concerns over the environmental impact of artificial intelligence (AI) development have surfaced in the European Parliament, as tech giants face criticism for limited transparency in their reporting on energy consumption and CO2 emissions.

October 15, 2024

No Surprises But More Complications In UK’s New Safeguarding Proposals

The Financial Conduct Authority’s (FCA) long-anticipated proposals for overhauling the payment and e-money sector’s safeguarding requirements offer no shocks, yet experts warn that adapting to the changes will not be easy.

October 15, 2024

To Be In Scope Or Not To Be In Scope: EBA Publishes New Q&As

The European Banking Authority (EBA) has shared a new set of Q&As related to the payments and e-money sector, resolving queries put to it by various stakeholders.

October 15, 2024

Daily Dash: Contactless Payments Surge In Ireland, With Mobile Wallets Taking The Lead

Mobile wallet transaction volume has overtaken card volume for the first time in Ireland, while regulators in Hong Kong have decided to retire the term “virtual bank”.

October 15, 2024

Crown Resorts Suffers $1.3m Fine In Victoria Over Self-Exclusion Failures

The Victorian state gambling regulator has fined Crown Resorts’ Melbourne casino A$2m ($1.34m) over “system and control failures” that allowed hundreds of customers to evade its self-exclusion program.

October 14, 2024

France Holds Off On Tax Increase, For Now

The French government did not roll out anticipated gambling tax hikes in its 2025 social security budget bill, which was submitted on Thursday evening.

October 14, 2024

Urgent Need In Ireland To Reduce Gambling Advertising Volume, Warns Report

Northern Ireland’s All-Party Group (APG) on Reducing Harm Related to Gambling has heard from the authors of a report that warns of an urgent need to reduce the amount of gambling advertising across the both the North and the Republic.

October 14, 2024

New Zealand Banks To Launch ‘Confirmation of Payee’ Service By November

New Zealand’s retail banks will begin rolling out the new "Confirmation of Payee" service by the end of November, according to an announcement from the New Zealand Banking Association (NZBA).