Insights Archive

June 4, 2024

Affordability Policy Unveiled In The Netherlands

Operators in the Netherlands will soon need to comply with a two-tier affordability scheme and a raft of other new rules released by the Dutch Gambling Authority on Monday.

June 4, 2024

Regulatory Influencer: PSR's Letter to FPS Participants Ahead of APP Scams Reimbursement Requirement Entering into Force

Vixio’s global roundup of imperative regulatory developments. Your lowdown on what the world’s regulatory leaders are up to this month.

June 4, 2024

Australia To Name And Shame Companies Not Paying Suppliers On Time

A new bill that aims to ensure large companies pay smaller suppliers on time has been introduced to the Australian parliament, and includes provisions that will lead to the public exposure of late payers.

June 4, 2024

Singapore's Fair Dealing Rules Will Now Cover Payments And Crypto Firms

The Monetary Authority of Singapore has announced significant updates to its Guidelines on Fair Dealing, meaning more compliance requirements for payments licensees operating in the jurisdiction.

June 4, 2024

Business As Usual Despite Hemsley Exit, PSR Says

The Payment Systems Regulator (PSR) has confirmed that its controversial authorised push payment fraud reimbursement rules are to go ahead, despite managing director Chris Hemsley’s imminent exit.

June 4, 2024

Daily Dash: EU Supervisory Authorities Publish Key Resources For DORA Reporting Trial

A “dry run” of the EU’s Digital Operational Resilience Act (DORA) is almost ready for launch, while the EU’s securities regulator has published a final report on conflict of interest rules for crypto firms.

June 4, 2024

Deadline Looming For Gaming Bills In New York Legislature

A bill that would require warning labels on advertising regarding the potentially addictive nature of sports betting and casino gaming has taken another step towards passage in the New York legislature.

June 4, 2024

Kenya’s Finance Bill Targets Gambling Tax Increases

Kenya’s Finance Bill 2024 includes proposals to increase the excise duty on gambling products, remove their VAT exemption, and expand the scope of gambling adverts required to pay excise duty.

June 4, 2024

Philippines Mystery Mayor Suspended, Police Purged Over POGO Links

Philippine officials have suspended an ethnic Chinese mayor and several town officials, and stood down 49 police officers from duty over the mayor’s alleged links to online gambling, cyber-scamming and other suspicious activity.

June 3, 2024

Tight Timeline, Evolving Regulations Among Brazilian Licensing Challenges

Operators are facing up to the twin challenges of submitting a licence application in Brazil within a tight window of 90 days, while also reacting to a regulatory regime that is still evolving.

June 3, 2024

New EU AML Package Will Benefit Online Operators, Says EGBA

The European Council’s approval of the EU’s package of new anti-money-laundering (AML) regulations will benefit online gambling operators by standardising AML rules and reporting requirements, according to the European Gaming and Betting Association (EGBA).

June 3, 2024

Visa, Mastercard Agree To Pay $197m To Settle ATM Class Action

Visa and Mastercard have agreed to pay $197m to settle a “longstanding” and “hard-fought” class action alleging antitrust violations by the two card networks.

June 3, 2024

Surcharging Becomes PSD3 Wedge Issue

Merchants are pushing back on a European Parliament charge to fully prohibit surcharging, despite it having been largely banned in the Payment Services Directive (PSD2).

June 3, 2024

Daily Dash: Chris Hemsley To Depart Payment Systems Regulator

The head of a key UK payments regulator has tendered his resignation, while Swift has launched new pilots using AI to combat cross-border payments fraud.

June 3, 2024

U.S. Sports Betting Annual Promo Tax Deductions Top $158m

As concern mounts among investors that states will follow the lead of Ohio and Illinois to raise headline tax rates on sports wagering, promotional play deductions remain a significant source of savings for operators that a few states have since looked to revisit.

May 31, 2024

Michigan Scrutinizes Suppliers Over Game Content In Illegal Markets

In the latest of a series of actions cracking down on illegal online gambling, the Michigan Gaming Control Board has issued a cease-and-desist letter to offshore sportsbook Bovada and is also requiring licensed suppliers to attest that they do not provide games to illegal operators internationally.

May 31, 2024

Week In Crypto: FTX Co-CEO Sentenced To 7.5 Years In Prison

Another FTX executive receives a custodial sentence, a Binance compliance chief falls “seriously ill” while on trial in Nigeria, and Binance announces a $3 incentive for customers to undergo "know your customer" checks.

May 31, 2024

Nordic Banks Warn EU Of Increased Fraud Risks Under New Regulations

Nordic banks have warned the European Commission of the potential exacerbation of fraud risks under new EU regulations, citing proposed changes to payment service provider liability and advocating for stricter oversight of telecom companies and intensified efforts to combat fraud on social media platforms.

May 31, 2024

Pay.UK’s Fraud Detection Pilot Exceeds Expectations

Pay.UK’s fraud detection and prevention pilot, in collaboration with Visa, Synectics Solutions and Featurespace, has shown a 40 percent uplift in fraud detection.

May 31, 2024

Daily Dash: Bank Of Canada ‘Disappointed’ By Real-Time Payment System Delays

A senior official at the Bank of Canada has expressed frustration at the repeated delays to the launch of the country’s instant payment system, while Latvia is seeing results in its fight against phone scams.

May 31, 2024

News In Brief: May 27-May 31, 2024

Sweden's Court of Appeal has upheld enforcement action against Mr Green, although it more than halved the penalty the operator was ordered to pay.