Insights

Three major crypto companies are charged with defrauding customers of $1bn, Binance walks a compliance tightrope in the UK, US and Russia, and the US Senate cracks down on crypto payments to Hamas.

ACI Worldwide has agreed to pay $20m to state regulators and attorneys general to end legal cases accusing the fintech giant of initiating nearly $2.4bn in payments without authorisation while in testing mode.

TrueLayer has partnered with Stripe to bring open banking payments to merchants throughout Europe, Mastercard has launched a new suite of AI payment resilience tools, and the Bank of Finland has revealed its instant payments plans.

As the compliance landscape becomes an increasingly challenging environment, Vixio’s annual Payments Compliance Outlook uncovers some of the most pressing challenges that stand in the way of firms finding the sweet spot between growth and compliance in 2024. This report gives your organisation an informed view of the year ahead, helping you understand how to efficiently scale your compliance needs, reduce the regulatory burden and empower your compliance team to become enablers, rather than blockers, to business growth.

The regulator in the Australian state of Victoria has thrown down the gauntlet to gambling companies that fail to operate “decently as well as legally”, warning that the “days are over” for passive compliance practices.

Professional sports leagues and gambling companies in the U.S. are increasingly embracing the idea of easing access for sports fans to wagering on games by opening sportsbooks in or adjacent to stadiums.

Former football star turned federal senator Romário has presented his formal report on Brazil's sports-betting and online casino bill, although the sports committee that he chairs has delayed voting on an amended version of the closely watched legislation.

The UK gambling regulator says it has radically stepped up its enforcement against the black market, as its chief executive tells fellow regulators it is seeking a middle way between highly polarised pressure groups.

The Central Bank of the United Arab Emirates has partnered with the National Payments Corporation of India to launch the UAE's first domestic card scheme.

The Governing Council of the European Central Bank has announced that it will soon move to the next phase — the preparation phase — of the digital euro project.

Lloyd's of London has counted the costs of a doomsday cyberattack on the financial sector, the G20 has been issued new considerations for the interlinking of faster payment systems, and the US Treasury has praised India’s UPI.

A Malaysian appeals court has confirmed that online gambling is illegal under the nation’s 70-year-old gambling law, amid cautious legislative action to regulate the industry.

Responding to an order last week from U.S. Supreme Court Chief Justice John Roberts, U.S. Solicitor General Elizabeth Prelogar on Wednesday argued a stay, or delay, in allowing mobile sports betting in Florida should be rejected.

North Carolina regulators have released their first set of proposed rules governing mobile sports betting, which include an attempt to limit the “pick’em” style fantasy games that have been under fire in recent months.

Despite a recent uptick in enforcement compared with previous years, Virginia regulators have said that nothing has changed in the way the state has issued sanctions for sports-betting violations.

The UK government has opened its consultation on a new statutory levy to fund problem gambling research and treatment, as announced in April's white paper on gambling reforms, with online operators expected to fund the levy at more than double the rate of land-based licensees.

Australia’s Treasury has opened a consultation on amendments to the Payment Systems (Regulation) Act 1988, in what some have called the "biggest overhaul" of the country’s payment rules in 35 years.

The Financial Conduct Authority has said that Wirex has committed to making changes to comply with consumer rights laws in the UK.

A Fed governor has said the US payment system does not need a central bank digital currency, the Bank for International Settlements has published its final report on "harmonised" ISO 20022 data requirements, and a US regulator has warned that AI could cause financial havoc.

When U.S. President Ronald Reagan signed the Indian Gaming Regulatory Act on October 17, 1988, the federal government once again violated the sovereignty of Native American tribes even as it set tribal gaming on the path to a $40bn market.