Insights

A Colorado state auditor report has voiced several concerns about the first year of regulated sports betting in the state, including processes for temporary licensure, as well as the effect of deductible free bets on tax returns.

As New Jersey continues to rake in more than $2bn annually from internet gaming and online sports betting, the question arises why Florida is not being allowed to do the same thing — so far.

Celsius, one of the world’s largest crypto lending platforms, has announced that it has suspended all withdrawals due to “extreme” market conditions.

In March 2022, the Australian Treasury announced the publication of its consultation paper titled “Crypto-Asset Secondary Service Providers: Licensing and Custody Requirements”. The consultation paper proposes a regime governing the licensing of crypto-asset secondary service providers and certain requirements for custodians of crypto-assets in the country. This regulatory analysis will delve into the background of the consultation, as well as the key provisions and requirements of the proposed regime. It will then assess the possibility of opting for alternative requirements proposed by the government, in addition to the potential implications of these regulatory changes for providers and the wider crypto-asset ecosystem.

The Reserve Bank of India has issued new guidelines that will make it easier for urban cooperative banks to offer doorstep banking services.

Custodia has accused the Federal Reserve Board of getting in the way of innovation by unduly prolonging the process of granting access to the central bank’s payment system.

The UK's Financial Conduct Authority (FCA) is on the cusp of outlining its final Consumer Duty proposals, which are due to be introduced next year, as experts express concerns it may be a bumpy ride with many firms not prepared.

The state administrator’s office in Saxony-Anhalt said it has filed 25 criminal charges since July 2021 over illegal gambling and illegal betting events.

While regulators in Ontario have said the launch of the first wave of online operators was relatively successful from a licensing perspective, many in the next wave of operators will come with a higher risk profile.

As the Massachusetts Gaming Commission prepares for the possibility of having to regulate sports betting, commissioners are considering establishing new guidelines to govern the gaming industry’s advertising practices.

​​​​​​​It is still not clear when in the “coming weeks” the UK’s much-anticipated Gambling Act review white paper will be published or what it will cover, according to the Department for Digital, Culture, Media & Sport (DCMS).

​​​​​​​The Swedish government is taking the final steps toward making it easier for the Swedish Gambling Authority to crack down on unlicensed operators and to help curb match-fixing.

Thirteen Swedish banks are planning to start testing the Nordic payments platform before the end of the year using the Swedish instant payments solution Swish.

The Monetary Authority of Singapore (MAS) has issued revised guidelines for business continuity in response to novel threats faced by financial institutions.

The debate has begun about the future of payments regulation following the recent consultation review of the revised Payment Services Directive (PSD2). VIXIO speaks to experts from around the payments industry who ponder whether the time has come for there to be a regulation instead of a directive.

The New York State Department of Financial Services has become the first US financial regulator to lay down foundational criteria for dollar-backed stablecoins issued by state-regulated entities.

The Philippine Anti-Money Laundering Council has called on gambling regulator PAGCOR to jointly monitor and trace traveller funds after the former identified casino gambling as the top reason for bringing foreign currencies exceeding $10,000 into the country.

Affiliate marketers are among the groups most affected by Ontario’s marketing restrictions, and some larger affiliates say the restrictions have made it difficult to invest heavily in the province.

Brazil President Jair Bolsonaro is reluctant to enact a regulatory decree and introduce accompanying legal changes for online sports betting before facing re-election in October, according to reports in the country.

In a surprise move, Apple has announced that it will be self-funding its new buy now, later (BNPL) service using its own cash-rich balance sheet.