Insights Archive

July 25, 2023

Vermont Regulator Adopts Sports-Betting Regulations

Vermont regulators have approved sports-betting regulations that include demands for officials to review marketing plans, despite the protests of operators.

July 24, 2023

EBA CLEARING Bets On FPAD To Bring Down Fraud

With fraud continuing to be a significant problem for European payments players, EBA CLEARING is piloting a new tool to confront the challenge.

July 24, 2023

FedNow Instant Payments System Goes Live

After years of work, the US Federal Reserve has announced that its new 24/7/365 instant payment system has officially gone live. VIXIO discusses how the new payment system is expected to change the payments landscape, what can be expect from the service from day one and what comes next.

July 24, 2023

Crypto Will Not Be Treated As Gambling, UK Minister Says

UK minister rejects a previous Treasury Committee recommendation that crypto trading should be regulated as gambling.

July 24, 2023

Mergers & Acquisitions: The Reset Of The U.S. Gaming Industry

When the U.S. Supreme Court repealed the Professional and Amateur Sports Protection Act (PASPA) five years ago, gaming industry analysts were quick to try and estimate how the new U.S. sports-betting market was going to play out in terms of size and profitability.

July 24, 2023

Appeal Raises Questions About How Indian Law Applies To Tribal Gaming

By appealing a judge’s ruling in a California casino case, the U.S. Department of Justice is raising the question of how Indian law canons apply to tribal gaming — if at all.

July 24, 2023

India's Tax Agency Says Land-Based Casinos Owe $1.2bn

India’s goods and services tax (GST) bureaucracy is extending aggressive recovery of GST from the online gaming industry to land-based operations, with officials targeting $1.2bn in unpaid taxes from casinos in Goa and Sikkim states.

July 24, 2023

Brazil's Sports-Betting Provisional Measure Due This Week

Brazil’s sports-betting provisional measure may finally be about to see the light of day, with the latest reports out of Brasilia saying that the measure should be published today at the latest (July 24).

July 21, 2023

Week In Crypto: SEC Requests $2.5bn Budget To Fight Crypto ’Wild West’

A record-breaking budget request is filed by the SEC, a federal crypto bill is reintroduced to the US Senate, the FCA shows tough love to UK crypto firms, and Binance terminates a World Cup-winning sponsorship deal.

July 21, 2023

Daily Dash: FedNow Goes Live In The US

US’ instant payments system FedNow has launched, the UK Payment Systems Regulator has published its annual report, and Panama’s Supreme Court has struck down the country’s crypto law.

July 21, 2023

Casino, VLT Expansion On The Table In North Carolina Budget Talks

Leaders of both chambers of the state legislature have said that a second major gaming expansion could be part of a budget compromise in North Carolina this year.

July 21, 2023

New Jersey Regulators Revoke PlayUp's Ability To Take Sports Bets

The New Jersey Division of Gaming Enforcement has issued an order “revoking the transactional waivers” granted to PlayUp that allow the company to conduct sports wagering in the state.

July 21, 2023

Ireland's New Gambling Law Making 'Significant Progress'

Ireland’s Department of Justice is pleased with the “significant” progress made toward updating the country’s gambling laws, as its long-anticipated bill takes steps forward.

July 21, 2023

News In Brief: July 17-July 21, 2023

The UK government has rejected calls to treat cryptocurrency trading like gambling and control of a planned $4bn resort in Vietnam changes hands.

July 20, 2023

’Your Greatest Strength Is Your Greatest Weakness,’ FCA Warns Payments Firms

Innovation and the capability to do things differently is coming up against a struggle to get on top of compliance matters, a senior official at the UK Financial Conduct Authority (FCA) said while speaking at a webinar organised by the regulator about financial crime and payments.

July 20, 2023

UK Fintechs Push Chancellor For Cross-Border Fees Reform

Fintech firms including Wise, TrueLayer and Monzo have signed a joint letter calling on the UK government to bring an end to hidden fees in international payments.

July 20, 2023

Klarna Strengthens Debt Charity Support As Consumer Duty Approaches

Klarna has become the first buy now, pay later (BNPL) lender to partner with a new debt support network backed by the UK government, as calls grow for BNPL regulation to happen sooner rather than later.

July 20, 2023

Germany Extends Customer Onboarding Cap On N26 Over AML Concerns

Germany’s financial supervisory authority (BaFin) has extended anti-money laundering measures imposed on N26 as it keeps a close eye on the fintech sector in the wake of high-profile scandals.

July 20, 2023

Indian Gaming Revenue Sets New Record Of $40.9bn In 2022

Tribal gaming operations approached $41bn in gross gaming revenue last year, the highest in the industry’s history and another sign of a substantial rebound from the scourge of COVID-19 in 2020.

July 20, 2023

PAGCOR's Online Expansion Targets Local, Foreign Gamblers

Philippine gambling regulator PAGCOR has confirmed that the proposed online expansion of its Casino Filipino branches will target domestic and foreign markets, potentially increasing the franchise’s value ahead of any privatisation.

July 20, 2023

Ontario iGaming Totals Almost 70 Percent Of Revenue Figures

iGaming Ontario released new data on Wednesday that includes the split between online casino gaming and sports betting for the first time.