Insights Archive

July 7, 2023

Week In Crypto: Get Ready For Regulated Promotions Compliance, Says UK’s FCA

The UK’s financial regulator reminds crypto-asset firms that unregulated promotions are coming to an end, Denmark penalises a bank for trading in crypto and Thailand moves to ban crypto staking.

July 7, 2023

Sweden Will Fine Payments Provider For Enabling Unlicensed Gambling

The Swedish Gambling Authority has ordered Stockholm-based fintech company Zimpler to stop enabling transactions with unlicensed gambling operators or face a 25m Swedish krona (€2.1m) fine.

July 7, 2023

Daily Dash: Worldpay Sold To Private Equity

Worldpay has been sold to private equity funds managed by a US firm, Synch has been told that it needs to be approved under EU laws before it launches, and Spotify to no longer allow in-app payments via Apple’s App Store.

July 7, 2023

Dutch Regulator Lines Up New Enforcement Targets

The Netherlands Gambling Authority (KSA) is investigating four websites that promote unlicensed gambling and information on how to circumvent the national self-exclusion register (Cruks).

July 7, 2023

Maryland To Study iGaming's Opportunities, Impact On Industry

Although efforts to legalize internet gaming came up short this year, supporters were able to add a requirement to the state’s fiscal year 2024 budget law that the Maryland Lottery and Gaming Control Agency submit a detailed report on the issue to the General Assembly before next year's legislative session.

July 7, 2023

News In Brief: July 3-July 7, 2023

Debate around tribal exclusivity over sports betting in Washington state is set to continue in court.

July 6, 2023

Singapore Moves Ahead With New Digital Asset Custody, Segregation Proposals

Singapore’s central bank has published its response to consultation feedback on new proposals for digital asset custody and segregation rules, following in the footsteps of other regulators globally.

July 6, 2023

City Minister Writes To FCA Over Bank Accounts Being Shut Down

UK Treasury minister Andrew Griffith has urged the UK’s City watchdog to probe whether banks are terminating relationships with clients based solely on whether they are politically exposed persons (PEPs).

July 6, 2023

German Court Ruling On Gambling Advertising Called 'Mind Blowing'

An interim appeal court ruling on secondary provisions of the German Interstate Treaty on Gambling is “pretty mind blowing” in the way it extends restrictions on marketing beyond operators to third parties such as affiliates and broadcasters, a gambling lawyer has said.

July 6, 2023

Tribes Are Not Dancing In The Streets Yet Over Internet Gambling Victory

So far, Florida Governor Ron DeSantis seems more excited about last week’s court decision upholding his 2021 gambling compact with the Seminole Tribe than the Seminoles do.

July 6, 2023

Sweden Will Fine Payments Provider For Enabling Unlicensed Gambling

The Swedish Gambling Authority has ordered Stockholm-based fintech company Zimpler to stop enabling transactions with unlicensed gambling operators or face a 25m Swedish krona (€2.1m) fine.

July 6, 2023

UK Premier League Teams Diverging On Gambling Sponsorships

English Premier League clubs Chelsea and Brentford F.C. have taken differing approaches to backlash from fans to their team's gambling sponsorship plans, as the relationship between UK football and the industry become ever more complex.

July 6, 2023

India's Day In Court: Skill Gaming On The Precipice

India's Supreme Court is preparing to hear a seismic case on the legality of online skill gambling in India, with potentially explosive results. In this forensic explainer, VIXIO's contributing editor for Asia, Martin Williams, examines what's at stake and how it fits into the rapidly developing picture of online gambling in India.

July 6, 2023

Virginia Launches Advisory Committee To Tackle Problem Gambling

With sports betting, casinos and other forms of gaming now legal, Virginia’s problem gambling prevention coordinator wants to make sure the state enjoys the financial benefits from gaming but not at the expense of people experiencing harm.

July 5, 2023

China Opens Up To International Card Schemes Via WeChat Pay, Alipay

China’s mobile payments giants WeChat Pay and Alipay have announced new tie-ups with Visa and Mastercard that will open up the country to international card schemes for the first time.

July 5, 2023

EU Tightens Up GDPR Rules

The European Commission has proposed a new law that will streamline cooperation between data protection authorities in the EU when enforcing the General Data Protection Regulation (GDPR) in cross-border cases.

July 5, 2023

Data Dive: FATF’s Greylisting, Benchmarked

VIXIO has analysed country data from the Financial Action Task Force (FATF) country assessments and found numerous inconsistencies in whether a jurisdiction is placed on the greylist or not.

July 5, 2023

Bank Of England Faces CBDC Battle Following 50,000 Consultation Responses

The Bank of England is facing widespread opposition to its plans to study and potentially launch a UK central bank digital currency (CBDC), after receiving more than 50,000 responses to its "digital pound" consultation.

July 5, 2023

Swedish Consumer Debt Proposals Cover Gambling Impact

Sweden’s Ministry of Finance has proposed several changes to strengthen consumer protection against risky lending and over-indebtedness that could have an impact on the gambling industry.

July 5, 2023

Alberta Could Be Next Canadian Province To Bolster Online Gaming

While Ontario has remained a source of great interest for operators looking to enter the Canadian online gaming market, the conversation has turned to which province could be next to employ a private-operator based model.

July 5, 2023

Brazil's Chamber of Deputies Throws Sports-Betting Timeline In Doubt

Arthur Lira, the president of the Brazilian Chamber of Deputies, has suspended all congressional activity to vote on tax reform and a new fiscal framework, throwing into question the July 17 deadline cited by the Ministry of Finance for the publication of a provisional measure to regulate sports betting.