Insights Archive

May 10, 2023

Florida Lawmakers Say No To CBDC In Near-Unanimous Vote

Lawmakers in Florida have passed a bill that seeks to ban the use of a federal or foreign central bank digital currency (CBDC) within the state, although the governor has acknowledged that the bill is largely symbolic.

May 10, 2023

Colombia Mandates Open Data In Ambitious National Development Plan

Colombia’s fintech industry is celebrating the passage of Gustavo Petro’s $250bn development plan, which includes significant advances for the country’s payments space.

May 10, 2023

Vermont Sports-Betting Vote Caps Historic Five-Year U.S. Gaming Expansion

Just days before the fifth anniversary of the landmark court decision that opened the door for a sports-betting boom in the U.S, Vermont legislators have put their state a governor’s signature away from becoming the 38th U.S. state to allow betting.

May 10, 2023

Brazil's Football Clubs Dealt Bad Hand On Match-Fixing, Revenue Shares

Brazilian football clubs are not getting what they bargained for on sports betting amidst a tense climate, as Congress prepares to launch an investigation into match-fixing allegations.

May 10, 2023

Uganda Approves Gambling Tax Hike

Uganda’s parliament has approved plans to increase the gambling tax rate from 20 to 30 percent after assuring that sports betting will remain taxed at 20 percent.

May 10, 2023

Nevada Casino Operators Seek Middle East Expansion

Some of the largest U.S. gaming companies are investing in the United Arab Emirates as part of a long-term strategy for international growth, with Wynn Resorts expecting healthy returns from the planned $3.9bn integrated resort it will manage in the country.

May 9, 2023

EU Court Sets Low Bar For ’Emotional Damages’ Under GDPR After Austrian Scandal

The Court of Justice of the European Union has issued a landmark ruling refuting that emotional damages under the General Data Protection Regulation (GDPR) must reach a certain level of seriousness to get compensation for a data privacy breach.

May 9, 2023

Impact Index April 2023

VIXIO’s impact index fell by 53 points in April to 76, a 41 percent decline from March and the first time impact has fallen since December 2022, with activity lower across the board versus last year. Plus, the latest on AI regulation from the UK and Canada.

May 9, 2023

Interview: EPC’s New Director General Talks Current Priorities And Future Hopes

Following his appointment as the new director general of the European Payments Council (EPC), Giorgio Andreoli speaks to VIXIO about PSD3, instant payments and the latest version of the request to pay scheme.

May 9, 2023

POGOs Face Possible Probe After Rescue Of 1,100 Scam Workers

The rescue of more than 1,100 workers allegedly held captive by a scam syndicate in the Philippines could place new pressure on online gambling operations, amid Senate anger.

May 9, 2023

Colorado Bans Simulcast Wagers On Greyhound Races, Casino Credit Bill Stalls

As the Colorado General Assembly closed out this year’s regular legislative session on Monday, a ban on wagering on simulcast greyhound races was overwhelmingly approved, while a bill to allow casino operators to extend credit to customers wasn't considered prior to adjournment.

May 8, 2023

Strong First Quarter Boosts DraftKings Confidence In Marketing Strategies

DraftKings executives say the company's updated state launch playbook utilized in Ohio and Massachusetts has made a significant difference in reaching a larger portion of the population sooner than in other states.

May 8, 2023

GeoComply Acquires Licensing Provider OneComply

Less than four months after GeoComply Solutions secured its second round venture funding, the company on Monday acquired OneComply, a firm that manages personal and corporate licensing obligations.

May 5, 2023

US Bigtech Messed Up With EU Digital Markets Act

A new investigative report released by a top US senator reveals how US bigtech firms such as Amazon and Google influenced US policymakers to weaken the EU’s Digital Markets Act.

May 5, 2023

UK’s New Fraud Strategy Splits Experts On Effectiveness

Criminal crackdowns, new resources and new powers are among key proposals to tackle the UK’s fraud problem, but concerns remain that the government is not taking enough action.

May 5, 2023

Week In Crypto: Coinbase Hit By ’Unjust Enrichment’ Lawsuit Following $2.9bn Stock Sale

A Coinbase shareholder takes the board and top executives to court, former Celsius CEO Alex Mashinsky invokes the “puffery” defence in his fraud case and the UK offers new incentives to registered crypto firms.

May 5, 2023

Daily Dash: UK Regulator To Pursue New Whistleblowing Legislation

The UK’s financial watchdog wants to work with the government to enhance the whistleblowing system and the country’s antitrust regulator goes after artificial intelligence. Meanwhile, El Salvador releases first data on its instant payments system.

May 5, 2023

Vermont Senate Approves Sports-Betting Bill

Vermont’s Senate has approved legislation for mobile sports betting, putting the Green Mountain State on the verge of being the second U.S. state to legalize sports wagering in 2023.

May 5, 2023

State Gaming Regulators Seek Federal Crackdown On Offshore Sites

A coalition of seven state gaming regulatory bodies has asked the U.S. Department of Justice to prioritize targeting illegal, offshore sportsbooks and online casinos, according to a letter released on Thursday.

May 5, 2023

India's Online Gaming Market Grew 35 Percent In 2022

India’s online gaming market grew 35 percent to 135bn rupees ($1.7bn) in 2022 and is expected to almost double to 231bn rupees ($2.8bn) by the end of 2025, according to an Ernst & Young (EY) report.

May 5, 2023

Debate Over Gambling Policy Mostly Over, UK Regulator Says

As UK-licensed gambling operators and their associates scrutinise last week’s white paper, a Gambling Commission official warns not to expect public policy debates to be reopened.