Insights Archive

April 28, 2023

Week In Crypto: Give Us New Rules, Coinbase Tells SEC In Latest Lawsuit

Coinbase has filed a new lawsuit against the Securities and Exchange Commission, demanding that the regulator respond to its proposal to initiate “new rulemaking” for the crypto industry.

April 28, 2023

How Do We Get There? UK Open Banking Experts Reflect On JROC

As the dust settles on the UK’s Joint Regulatory Oversight Committee’s recommendations, a VIXIO-hosted webinar discussed commercial models, consumer protections and other issues impacting the future of open banking.

April 28, 2023

Daily Dash: Well, I’ll Be Scammed!

New research has revealed that over half of consumers blame themselves for instant payment scams, while the Swiss have agreed to launch a public-private partnership to tackle anti-money laundering.

April 28, 2023

Australia To Impose Ban On Credit Cards For Online Gambling

The Australian government has announced it will ban the use of credit cards for almost all online gambling activity.

April 28, 2023

Churchill Downs Confirms FanDuel Online Sports-Betting Deal In Kentucky

Churchill Downs Inc. expects its racetracks and historic horseracing locations in Kentucky to benefit from the legalization of sports betting, with the CEO planning to introduce kiosks at tracks and HHR facilities, as well as the ability to offer online wagering through a deal with FanDuel, later in the year.

April 28, 2023

UK Report Would Cost Online Gambling, Boost Casinos, Bingo Halls

The UK government estimates that online gambling will lose revenue based on key recommendations in its white paper, but the land-based industry should make gains.

April 28, 2023

New Hampshire Online Casino Bill Dies, As Rhode Island Effort Begins

Online casino legislation in one New England state died this week, while a neighbor launched its own efforts to legalize internet gaming.

April 28, 2023

Government White Paper 'Next Steps' To Define UK Gambling

The UK is set to face a raft of consultations over the next 12 months as the government enacts the proposed changes in its gambling white paper, as all sides prepare for new waves of lobbying.

April 28, 2023

News In Brief: April 24-April 28, 2023

An Illinois bill requiring responsible gambling pop-ups continues its smooth progress and Brazil's proposed baseline sports-betting tax rate has increased.

April 27, 2023

Brussels Unveils First Set Of Designated Large Online Platforms

The European Commission has adopted its first designations under the Digital Services Act (DSA), targeting 17 very large online platforms (VLOPs) and two very large online search engines (VLOSEs).

April 27, 2023

US Treasury Highlights Payments Firms Struggle With De-Risking

The US Treasury’s first-ever de-risking strategy names payments firms among those most impacted by the controversial practice.

April 27, 2023

New UK Bill Takes Aim At ‘Subscription Traps’

Lawmakers in the UK are targeting firms that trap consumers into costly subscription plans, as losses from "Hotel California" deals climb to more than £1.6bn a year.

April 27, 2023

UK Lawmakers Demand Urgency On White Paper Changes

UK lawmakers are demanding that the government urgently implement changes in the Gambling Act review White Paper, which has been broadly welcomed by industry campaigners.

April 27, 2023

Bet365 Operators Fined €7m In Sweden Over Duty Of Care

Bet365’s Hillside gaming and sports-betting units have been assessed a total of 79m Swedish krona (€6.95m) by the Swedish Gambling Authority for failures in duty of care for players, with violations including not responding quickly enough to problematic gambling.

April 27, 2023

UK White Paper Sets Restrictions But Lacks Detail

The new UK white paper gambling reform document sets out restrictive proposals, but leaves details on key issues such as stakes limits and a mandatory levy out for consultations.

April 27, 2023

U.S. Sports-Betting Operators Saved $170m In Taxes On Promotional Play in 2022

Key states that permit deductions of bonuses and promotions from taxable sports wagering revenue missed out on more than $170m in tax revenue in 2022, as different markets continue to take varied approaches to tax deductions.

April 27, 2023

Crown Fined Another $20m Over Cheque Abuses

The Victoria state regulator has slapped a new fine of A$30m ($20m) on casino operator Crown Resorts over customer cheque practices and has ordered another internal probe, extending Crown's nightmare run of punishments for compliance failures.

April 27, 2023

UK Needs Strategy To Tackle Gambling-Related Crime, Says Report

UK charity, the Howard League for Penal Reform, has called for the creation of a national board to address crime linked to gambling, following the completion of its over three-year-long inquiry.

April 27, 2023

Rio de Janeiro State To License Online Sports-Betting Operators

The Brazilian state of Rio de Janeiro has published a formal notice setting out a licensing and accreditation process for retail and online sports-betting operations, with lower taxes and fees set to apply at state level than would apply under a forthcoming federal framework.

April 27, 2023

Trouble In Heaven For Marriage Between Leagues And Sportsbooks

All marriages have their ups and downs, but the unlikely partnership between the sports-betting industry and the National Football League seems to be especially turbulent.

April 27, 2023

Kindred Reports Mixed Picture As It Considers Sale

Kindred’s announcement that it will undergo a strategic review leaves it with an encouraging performance in the Netherlands, a troublesome one in Norway, and a performance that one commentator called “hardly stellar” in the growth market of the USA.