Insights Archive

October 25, 2024

Brazil Regulator Weighs In On Platforms, Live Casino, International Liquidity

Operators will be able to deploy multiple platforms under their licences but may not offer multi-jurisdictional progressive jackpot games, according to Brazil’s gambling regulator.

October 25, 2024

Las Vegas Sands Concerned Online Gaming Will Impact New York Casino

As a New York court was issuing a decision reversing a lower-court ruling that supported a lawsuit blocking Las Vegas Sands from leasing a 72-acre site for a potential gaming resort, the company’s CEO was expressing his concern about online gaming’s impact on land-based casinos.

October 25, 2024

Ukraine Regulator Praises Tech Firms But Trade Group Wants Google To Lift Restrictions

Ukraine’s gambling regulator, KRAIL, has praised major technology firms for collaborating with it to tackle illegal gambling, but the local trade group has warned that licensed companies are unable to advertise their marketing campaigns online as a result.

October 25, 2024

BIS Clashes With Fed's Waller On Bilateral Instant Payments Linkages

An official from the Bank for International Settlements (BIS) has disagreed with a Federal Reserve governor’s views on the value of bilateral instant payments linkages for cross-border payments.

October 25, 2024

Week In Crypto: All Charges Dropped Against Binance Executive Detained In Nigeria

A Binance compliance executive is relieved of criminal charges in Nigeria, the FBI arrests a man for hacking an SEC social media account to inflate the price of Bitcoin, and India is considering banning crypto (again).

October 25, 2024

Lawsuit Accuses CFPB Of Jeopardising Consumers With New Open Banking Rules

Two US banking groups filed a lawsuit against the Consumer Financial Protection Bureau (CFPB) just a day after the regulator published the open banking final rule, challenging the agency’s rulemaking under Section 1033 of the Dodd-Frank Act.

October 25, 2024

Daily Dash: Dubai Financial Watchdog Scrutinises Authorised Firms' Complaints Handling

The Dubai Financial Services Authority has released a thematic review of how authorised firms in the emirate manage customer complaints, while HSBC Hong Kong has joined China's Cross-Border Interbank Payment System as a direct participant.

October 25, 2024

US Election Bets Heat Up, But Are They A Reliable Predictor?

Billionaire Elon Musk insists that election betting is “more accurate than polls, as actual money is on the line” — but is that true?

October 25, 2024

News In Brief: October 21-October 25, 2024

More offshore fines in the Netherlands, Illinois to suspend wagers on injuries and Massachusetts to investigate leading operators over golf bets.

October 24, 2024

Brazil Regulator Preparing To Tackle Black Market

Brazil’s regulator is preparing to deploy a host of enforcement tools to counteract a well-established offshore market, once a regulatory regime becomes fully effective next year.

October 24, 2024

Poland Establishes New Unit To Regulate Gambling Industry

Poland’s Ministry of Finance has set up a new department which will exclusively oversee the country’s gambling industry.

October 24, 2024

Australian State Government Takes Swift Action On Agencies' Unlawful Surcharging

The state authorities in New South Wales have launched an urgent response after it was revealed that multiple government agencies had unlawfully charged merchant fee surcharges on millions of transactions.

October 24, 2024

Danish Regulator Censures 'Security And Compliance' Focused Crypto Firm

Coinify, a company that enables merchants to accept crypto payments, has been reprimanded by the Danish Financial Supervisory Authority over compliance failures related to money laundering controls.

October 24, 2024

Eurosystem Set For Bilateral Link With UPI As Part Of G20 Efforts

The European Central Bank has announced plans to establish a bilateral link between the Eurosystem’s TARGET Instant Payment Settlement (TIPS) platform and India’s Unified Payments Interface (UPI), in a bid to improve global connectivity.

October 24, 2024

Communication Breakdown: Further Questions Raised Over Revolut's Fraud Controls

Revolut is facing renewed criticism in the UK in the wake of a BBC investigation into its fraud controls, as the firm’s lack of communication with scam victims emerges as a key concern.

October 24, 2024

Daily Dash: Kenya's RTGS Completes Migration To ISO 20022

The French regulator has fined Tunisian Foreign Bank €1.7m for shortcomings in its governance and risk control frameworks, and the Kenya Electronic Payment and Settlement System has been successfully migrated to ISO 20022.

October 24, 2024

Philippines: The Beginning Of The End & What Comes Next

Ahead of Marcos’ executive order, this Vixio GamblingCompliance Forensic Explainer places the impacts on these raids in the context of the wider, complex collapse of political and administrative support for POGOs, and identifies key events in this timeline, as well as major developments since the ban was announced.

October 24, 2024

Sports-Betting Alliance, Tribes On Same Page Regarding Sweepstakes

Two sides who famously have not seen eye-to-eye in recent years have found commonality over their concerns regarding the proliferation of sweepstakes gaming in the U.S.

October 23, 2024

Missouri Sports-Betting Ballot Becomes $50m Battle Between Industry Powers

Efforts in Missouri to legalize sports wagering have become an expensive battle between U.S. sports-betting heavyweights and a casino powerhouse over the terms under which betting would be legalized.

October 23, 2024

Regulators Urged To Take Risk-Based Approach To AI Risks, Opportunities

Regulators need to take a risk-based approach to navigate the dangers and opportunities presented by artificial intelligence (AI) in the gambling industry and avoid banning its use, according to a panel of AI specialists.

October 23, 2024

France Considers Legalising Online Casino Games

A government-backed amendment to France’s 2025 budget would legalise online casinos and tax them at 55.6 percent of revenue, in a move that has enraged land-based casino operators.