Insights Archive

May 28, 2024

Greyhound Racing Nears Extinction As U.S. States Ban Races, Wagering

Across the United States, the prominence and popularity of greyhound racing has declined steadily over the last 30 years as more states prohibit the ability to conduct and wager on races, leaving West Virginia as the only state with operating tracks.

May 28, 2024

UK Election Casts Shadow Over White Paper Reforms

With several elements of the UK white paper yet to be fully implemented, do suspended animation in Westminster and a potential change of government threaten these reforms?

May 28, 2024

Daily Dash: Bank For International Settlements' CPMI Spotlights Strategic Priorities For 2024-25

The Bank for International Settlements' Committee on Payments and Market Infrastructures (CPMI) has published its work programme for the coming years, while the Swedish banking lobby has endorsed the proposed ban on gambling with a credit card, but also warned the government about likely challenges.

May 28, 2024

India's Improved Payments Sector Sees Zomato Turn In Its Licences

India’s largest food delivery and restaurant comparison site has ditched two payments licences after finding that the overall efficiency of the sector made its own foray "not commercially viable".

May 28, 2024

BNPL Lenders Reject US Comparison To Card Companies

Buy now, pay later (BNPL) lenders in the US will be required to give their customers similar protections to credit card companies, such as the right to a refund and the ability to dispute potential charges, under regulatory guidance issued last week by the Consumer Financial Protection Bureau.

May 28, 2024

European Payments Council Launches SPAA Pilot Call Out

The European Payments Council has invited payments companies to take part in a pilot for the SEPA Payment Account Access (SPAA) scheme, which aims to boost market engagement and a smooth transition to compliance for Europe’s payment service providers.

May 28, 2024

Sweden Issues Two Fines As It Continues To Take Action Against Suppliers

The Swedish Gambling Authority has fined suppliers Panda Bluemoon Ltd and Hacksaw Studios AB for providing their software to two unlicensed operators.

May 24, 2024

Nevada Regulators Do Not Buy PropSwap's Sports-Betting Resale Rule

The Nevada Gaming Control Board has declined to move forward with proposed regulatory changes to allow for the registration of companies offering the resale of pending sports bets.

May 24, 2024

Brazil Issues Ordinance On Sports-Betting Oversight

Brazil has issued yet another ordinance to implement a regulatory regime for sports betting, this time clarifying the respective oversight responsibilities of the Ministry of Sports and the Ministry of Finance.

May 24, 2024

Dutch Court Orders Kindred To Repay Online Gambling Losses

A Dutch court has ordered a Kindred Group unit to reimburse a gambler €93,000 in losses plus court costs on the grounds that online gambling was not yet legal at the time of the gambling, so any contract was null and void.

May 24, 2024

News In Brief: May 20-May 24, 2024

Massachusetts rejects gambling tax hike, Fanatics fined over college football wager and Betr approved in Maryland.

May 24, 2024

Week In Crypto: US Congress Looks To Settle Turf War Between SEC, CFTC

US lawmakers pass a historic crypto bill without a single vote against, but critics are not convinced that it will lead to safer markets. A 23-year-old Taiwanese man faces life in prison after being accused of building a crypto-funded global narcotics market.

May 24, 2024

House Passes US CBDC Bill Following ABA Support

The US House of Representatives has advanced its central bank digital currency (CBDC) bill with support from the American Bankers Association (ABA), meaning it will now move to the Senate.

May 24, 2024

Financial Services Consumer Panel Raises Concerns Over UK Open Banking Proposals

The Financial Services Consumer Panel has offered its feedback to the UK's open banking proposals, emphasising concerns about potential harm to consumers, particularly vulnerable individuals, if not managed responsibly.

May 24, 2024

Daily Dash: UK Labour Party To Ramp Up Financial Crime Prevention

Labour has revealed new plans that could see whistleblowers claim six-figure rewards for information on sanctions busting, while China and Thailand have signed a new agreement to promote local currency use.

May 24, 2024

Northern Mariana Islands' Tinian Seeks To Reboot Online Gambling

Four Northern Mariana Islands lawmakers are attempting to kick-start a regulatory structure for online gambling on the island of Tinian by removing a licensee’s obligation to operate a land-based casino and hotel.

May 23, 2024

Thrust Into Spotlight, Couriers Push Marketing Benefits To U.S. State Lotteries

Lottery courier operators maintain that they serve an important function for state lotteries, enabling them to reach new players and bringing marketing firepower that the lotteries themselves may not have.

May 23, 2024

Brazil Licensing Ordinance Leaves Key Question Unanswered

Brazil’s long-awaited ordinance to establish the country’s licensing process arrived on Wednesday, but several provisions remain problematic, according to lawyers and operators.

May 23, 2024

Swedish Regulator Reiterates Support For Expanding Credit Gambling Ban

The Swedish Gaming Authority has said it approves of the Ministry of Finance’s proposal to expand a ban on gambling on credit while advocating for more clarity after flagging some concerns.

May 23, 2024

UK Charity Commission Confirms Case Opened Into GambleAware Allegations

The Charity Commission for England and Wales has launched an investigation into GambleAware after receiving claims it is breaking charity rules by failing to provide unbiased information.

May 23, 2024

Regulatory Influencer: Expansion of the e-CNY Pilot in Hong Kong and Potential Lessons for the Digital Euro

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