Insights

The UK Gambling Commission has penalised Entain Group £17m in its largest ever punishment and warned the company that “further serious breaches” could lead to licence revocation.

The retail banking giant’s open banking payments tool, Payit, has hit the £1bn in processed payments milestone — two years after it launched.

As citizens in developing countries increasingly turn to crypto for remittances, trade, savings and other use cases, the United Nations has warned that crypto can do more harm than good.

Roberto Campos Neto, president of the Brazilian Central Bank, has predicted that Brazilians will soon stop using credit cards in favour of the country’s open financial system. However, VIXIO analysis suggests cards are doing just fine.

A draft law that would allow casinos in Uruguay to offer their games online has been approved by the finance committee in the Chamber of Senators.

The American Gaming Association is urging the Biden administration to work with the gaming industry as the federal government continues its efforts to develop and implement a digital assets strategy, according to a letter submitted to the U.S. Department of the Treasury.

​​​​​​​New research suggests UK customers support more restrictions on their gambling, so long as they affect other people more than themselves.

As regulators, particularly in Europe, take time off for the summer, VIXIO takes a look at the regulatory highs and lows of different jurisdictions, as well as what activity firms can expect for the rest of the year.

While Congress is moving slowly on legislation aimed at protecting the privacy of consumers’ data, the Federal Trade Commission and the Consumer Financial Protection Bureau are stepping up their efforts to crack down on what they call “commercial surveillance”.

Despite the built-in security features, fraud on Pix, Brazil’s popular instant payment app, is soaring, placing increasing pressure on banks to mitigate risks.

Thai authorities have detained Chinese Cambodian mogul She Zhijiang, a leading figure in Southeast Asia’s underground online gaming industry, after receiving a request from Beijing for extradition.

President Pedro Castillo has signed into law the country’s long-awaited legislation to regulate online gambling and sports betting.

​​​​​​​Ireland’s parliament has released research into gambling advertising regulations, as pressure builds for a crackdown ahead of the country’s much-anticipated legal update.

The excitement surrounding the recent climbing of the Mega Millions lottery jackpot to more than $1bn also brought new attention to online lottery sales.

Flutter Entertainment CEO Peter Jackson lauded FanDuel's positive momentum as it claimed a 51 percent share of the U.S. online sports-betting market and positively contributed earnings in the second quarter.

It has been a bad week in crypto for Coinbase. VIXIO dips into its Q2 earnings report, and asks why Securities and Exchange Commission (SEC) inquiries and investor lawsuits against the exchange continue to multiply.

The US Consumer Financial Protection Bureau has fined Hello Digit $2.7m after finding that a faulty algorithm in the savings app left its users paying overdraft penalties.

#YourAccountYourCrime is a global campaign that aims to raise awareness about money mules and the consequences of those that become agents of money laundering and fraud.

<span style="font-size:11pt; font-variant:normal; white-space:pre-wrap"><span style="font-family:Arial"><span style="color:#000000"><span style="font-weight:700"><span style="font-style:normal"><span style="text-decoration:none">An Irish interbank mobile payments app has hired a new board chair as it gears up for launch, Amazon expands its palm-reading payment technology and, in Argentina, results are released of a digital ID pilot using blockchain technology. </span></span></span></span></span></span>

​​​​​​​New Colombian President Gustavo Petro has proposed exempting gambling taxes from his planned tax overhaul, seemingly leaving them at their current rate of 20 percent.