Insights

Finland has officially kicked off the process that will dismantle the country’s online gambling monopoly and replace it with a licensing system.

Fintechs and challenger banks including Wise, Klarna and Revolut have called for "clear rules, concrete actions and cooperation" to bring IBAN discrimination to a halt in the EU.

Instant payment services and new open banking rules are welcome, but more is needed to improve competition and innovation, industry experts told Vixio in our "US Payments: The Next Chapter" webinar.

The US Federal Trade Commission (FTC) has warned lawmakers that cross-border fraud reports have grown ten times in the last two decades and urged Congress to give the agency permanent authority to fight it.

Counsel for gaming listco Delta Corp has alleged before an appeals court that India’s government offered to withdraw overwhelming GST back payment notices if the gaming industry accepts its goods and services tax (GST) regime.

As the tribal and commercial gambling industries wait for U.S. Supreme Court Chief Justice John Roberts to decide if sports betting in Florida should remain on hiatus, questions persist about why Roberts decided to get involved in a case that has not yet been appealed to his court.

Following the high-profile attacks on MGM Resorts International and Caesars Entertainment, cybersecurity has never been more top of mind in the gaming industry as traditional on-premises information technology infrastructure is no longer sufficient to protect against evolving threats.

Australia’s Treasury is seeking feedback on new proposals that would require almost all crypto trading platforms to obtain a financial services licence.

The launch of the FedNow system was a milestone for ISO 20022 adoption, but it was only the beginning of the search for interoperable instant payments in the US.

The US Consumer Financial Protection Bureau has put forward a rule for sharing consumers’ financial data with third parties, as it hopes to move the United States closer to open banking.

Australia’s leading licensing authority for corporate bookmakers has cracked down on affiliate activity, ordering operators to seek approval for existing or new affiliates and provide probity information.

Massachusetts gaming regulators are looking for answers from Penn Entertainment as to whether its new ESPN BET brand will tread on some of the same issues as its predecessor Barstool-branded sportsbook.

Seth Schorr, CEO of Fifth Street Gaming, has said regulation is the key to greater acceptance of esports betting and he sees the Las Vegas gaming market benefiting from several regulatory changes approved Thursday that make it easier to accept wagers on video-game competitions.

IAGR selects UK regulator as new boss, a leading US problem gambling group awards new grants and Washington will update a cardroom location rule.

Conservative politicians in Chile’s sports commission have lambasted a pending online gambling bill, in what is likely a preview of the wider debate in the Chamber of Deputies ahead of a pivotal vote later this year. 

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.