Insights Archive

August 17, 2023

Early Mover: Singapore Finalises Regulatory Framework For Stablecoins

Singapore is moving towards becoming one of the first jurisdictions to regulate stablecoins, after the central bank finalised a regulatory framework that could soon become law.

August 17, 2023

UK Regulator Consults On APP Fraud Reimbursement Rules

The Payment Systems Regulator (PSR) has launched two consultations on its new authorised push payment (APP) fraud reimbursement requirements as an industry insider tells VIXIO it "misses the point entirely".

August 17, 2023

FIFA World Cup Spurred Increased Gambling Participation In UK

Gambling participation in the UK slightly increased following the conclusion of the men's 2022 FIFA World Cup in Qatar, according to a survey commissioned by the Gambling Commission.

August 17, 2023

Wynn Resorts Expects UAE License, MGM Cautious About Gambling Legalization

Two U.S. gaming giants continue to move forward with major investments in resort projects within the United Arab Emirates (UAE), albeit one will include a casino while the other will be non-gaming unless authorities in Dubai or on the federal level approve gambling in the future.

August 17, 2023

Fanatics Sportsbook Ends Testing, Launches In Four U.S. States

Fanatics Betting and Gaming has lifted the curtain on its sports-betting platform, officially launching the product in four states.

August 17, 2023

Kindred Challenges Norway Award Of Racing Bet Contract

Kindred Group, which has challenged Norway’s gambling monopoly, has also been challenging the award of a race betting monopoly to government-owned Norsk Rikstoto.

August 17, 2023

Parimatch's Underground India Business Relied On Crypto: Report

A probe by Indian tax officials into Ukrainian operator Parimatch and other online gambling companies has confirmed the underground industry’s reliance on cryptocurrency to remit illegal earnings overseas.

August 16, 2023

Discover CEO Roger Hochschild Quits As Compliance Issues Linger

Roger Hochschild will step down as CEO and president of Discover, effective immediately, one month after the company conducted an internal review of compliance and corporate governance.

August 16, 2023

Mastercard Bets Big On Cross-Border Payments In Africa

Two of Africa’s largest telcos are set to partner with Mastercard on new initiatives to improve the continent’s cross-border payment options. Meanwhile, Mastercard is set to invest directly in Africa’s fintech sector.

August 16, 2023

Kenya's Gambling Regulator Accused Of Failing To Protect Consumers

The Consumer Federation of Kenya has accused the Betting Control and Licensing Board of “continuously” failing to protect consumers from predatory advertising practices by its licensees.

August 16, 2023

Mandatory Player Tracking Key To Identifying Problem Gamblers, Says Study

In recent years, some U.S. and European gaming regulators have required licensees to implement mandatory player tracking or customer interactions to identify potentially problematic online gambling and intervene to reduce the risk of harm.

August 16, 2023

After Florida Delay, Tribal Sports Betting May Reach U.S. Supreme Court

Sports betting in Florida is suspended indefinitely following a legal appeal this week, and if the case reaches the U.S. Supreme Court, the ruling could affect Indian gaming much like a May 2018 decision galvanized the commercial gambling industry.

August 16, 2023

Ukraine Reinstates 18 Percent Online Casino Tax

Ukraine has reintroduced an 18 percent tax rate on gross gaming revenue of online casinos previously abolished under martial law.

August 15, 2023

Ecuador’s First Fintech Regulation Brings New Rules For Payment Service Providers

The Central Bank of Ecuador has issued the country’s first fintech regulations, pursuant to the country’s Fintech Law that was passed at the end of 2022.

August 15, 2023

Major Retailers Look To Move In On BNPL As Pure-Plays Struggle

As more Australian buy now, pay later (BNPL) companies run into trouble down under, major retailers in the UK and the US are positioning themselves to take advantage of a weakened playing field.

August 15, 2023

888 To Pay £2.9m To Settle Gibraltar Claims Over Middle East Gamblers

888 Holdings has agreed to pay £2.9m to a Gibraltar fund in a settlement in lieu of a fine over shortcomings in anti-money laundering and counter-terrorist financing policies in dot.com markets in the Middle East.

August 15, 2023

Pick'em-Style Fantasy Sports Games Come Under Regulatory Spotlight

Pick'em-style fantasy sports games, which critics say cross the line into sports betting, are attracting increasing scrutiny from regulators and are set to be prohibited by regulations in at least two major markets, but contest operators say they welcome the opportunity to make their case to policymakers.

August 15, 2023

UK Regulator Rails Against False Data

The Gambling Commission has threatened to name and shame organisations it believes are misusing problem gambling data, in particular those who use statistics to underplay the level of gambling harm in the UK.

August 15, 2023

Regulator Tells Bet365, ComeOn To Get Out Of Norway

The Norwegian Gambling Authority has sent bet365 and ComeOn notices to stop offering online gambling to Norwegians, as cases against Kindred Group and Betsson continue.

August 15, 2023

Wagers On U.S. Elections May Follow Same Path As Sports Betting

It looked like it was all over last year for the U.S. election betting market when the federal government ordered a company taking wagers on political races to close its business for good by a deadline of February 15, 2023.

August 15, 2023

Gambling Harm Linked To Worse Mental Health, Says GambleAware

There is a “significant link” between higher rates of gambling harm and worsening mental health, according to a new study published by UK charity GambleAware.